Lee Garden Three in the Causeway Bay location, Hong Kong (Image: Google Map)
United States financial investment bank Goldman Sachs has actually given up a flooring in Hong Kong’s Causeway Bay, with that story leading Mingtiandi’s heading roundup today. In the news, information centre group Equinix reveals its very first long-lasting eco-friendly energy offer in Asia Pacific and struggling designer Oceanwide is eliminated from the Shenzhen Stock Exchange.
Goldman Gives Up Space in Hong Kong Tower Amid Office Slump
Goldman Sachs has actually quit some office in Hong Kong, according to individuals acquainted with the matter, the most recent obstacle to the city’s industrial realty market as international banks trim area to conserve expenses.
The financial investment bank is giving up a flooring in Lee Garden Three in the Causeway Bay location, stated individuals, who asked not to be recognized talking about personal details. Goldman Sachs rented 5 floorings in the structure for its back workplace in 2018. Find out more>> > >
Equinix Signs First Power Purchase Agreement in Asia Pacific
United States information centre business Equinix has actually revealed its very first long-lasting renewable resource arrangement in the Asia Pacific area, as co-location companies and hyperscalers indication agreements to green their electrical power supply.
On Wednesday, the world’s greatest co-location information centre service provider revealed that it has actually signed a power purchase arrangement with tidy energy manufacturer TagEnergy to purchase 151 megawatts of wind energy from the $3 billion Golden Plains Wind Farm (East) task in the Australian state of Victoria. Find out more>> > >
Debt-Stricken Oceanwide Booted Off Shenzhen Bourse
Debt-ridden Oceanwide Holdings, which as soon as had a market evaluation of over RMB 100 billion ($13.9 billion), was eliminated from the Shenzhen Stock Exchange on Wednesday, ending up being the very first Chinese realty business to be delisted this year.
Oceanwide’s stock rate toppled to under RMB 1 on 20 January and after that stopped working to increase above RMB 1 once again, setting off the Shenzhen bourse’s delisting conditions. Find out more>> > >
AirTrunk Signs 30MW Solar Power Purchase Agreement in Malaysia
APAC information centre company AirTrunk has actually signed a power purchase arrangement to acquire renewable resource in Malaysia.
The business today revealed that it had actually signed a virtual PPA with renewable resource designer IB Vogt under Malaysia’s Corporate Green Power Programme. Find out more>> > >
India’s Gautam Adani Rebounds From Hindenburg Attack, Returns to $100B Club
One year back, an incredible David and Goliath fight shook business India when a small American company handled among the world’s wealthiest facilities magnates.
Hindenburg Research released a blistering report in January 2023, implicating Gautam Adani, then Asia’s wealthiest male, of participating in scams over years. Hindenburg stated it had actually taken a brief position in his business, indicating it would benefit if their shares fell. Learn more>> > >
A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China
From afar, China Evergrande had all the makings of a killer distressed-debt trade: $19 billion in defaulted overseas bonds; $242 billion in properties; and a federal government that appeared identified to prop up the nation’s failing home market. United States and European hedge funds stacked into the financial obligation, visualizing huge payments to juice their returns.
What they got rather throughout the next 2 years is a severe lesson in the risks of attempting to deal with the Communist Party. The talks are now dead– a Hong Kong court has actually purchased Evergrande’s liquidation, and the bonds are almost useless, trading in secondary markets at simply 1 cent on the dollar. Learn more>> > >
Bitera Data Centre in Jakarta Launches Operations
The Bitera information centre in Jakarta has actually started operations after effective screening. The center has 20 megawatts of IT capability throughout 8,600 square metres (92,570 square feet) of colocation area, enough to house 4,000 racks.
The Bitera information centre covers 9 stories and has actually been accredited as Tier III by the Uptime Institute. It likewise holds accreditations from ISO 27001 and anticipates to have TCCF accreditation by the end of this month. Learn more>> > >
YTL REIT Buying Ipoh Hotel for $11.5 M
Malaysia’s YTL REIT is getting the Syuen Hotel in Ipoh, Perak from Syuen Hotel Bhd for MYR 55 million ($11.5 million).
In a filing with Bursa Malaysia, YTL-REIT stated the 13-storey stand-alone hotel structure had 290 spaces and stopped operations in May 2020. It was categorised as a four-star hotel. Find out more>> > >
Tune in once again quickly for more property news and make sure to follow@Mingtiandion X, or bookmarkMingtiandi’s LinkedIn page for headings as they take place.