![Thaddeus Stevens College of Technology kicks off return to school for Lancaster County colleges [photos] – LancasterOnline](https://earth-news.info/wp-content/uploads/2025/08/317540-thaddeus-stevens-college-of-technology-kicks-off-return-to-school-for-lancaster-county-colleges-photos-lancasteronline-360x180.jpg)
Blackstone is prepping to acquire data centre giant AirTrunk (Image: AirTrunk)
Blackstone has appointed banking heavyweight Morgan Stanley to work on the acquisition of data centre giant AirTrunk, with that story leading Mingtiandi’s headline roundup today. Also making the list, KKR says the time is right for investment in Asia’s credit markets and a strata floor goes up for sale in Singapore’s Novena area.
Blackstone Seen Appointing Morgan Stanley for AirTrunk Pursuit
New York-based private equity firm Blackstone is believed to be appointing two investment banks to work on the potential acquisition of the data centre giant Airtrunk.
Sources believe that Morgan Stanley is one of the banks either on the ticket or in the box seat to land the mandate. Read more>>
KKR Says Now a Good Time to Lean Into Asia’s Credit Markets
Asia’s credit markets offer some of the best investment opportunities because of strong demand for financing, undervalued assets and high-quality issuers in the region, according to KKR.
Defaults among Chinese developers have reset asset prices, creating an attractive entry point compared with similar deals in the US and Europe, Brian Dillard, head of Asia credit at the firm, Dengzhao Pan and Kristopher Novell said in a white paper published Tuesday. Read more>>
Strata Floor at Singapore’s Royal Square on the Market for $33M
Savills Singapore announced Tuesday that a full floor of strata space within the integrated mixed-use development Royal Square on Irrawaddy Road in Novena (District 11) has been put up for sale via an expression of interest exercise.
The guide price for the property is S$44.28 million ($33.3 million), which translates to S$6,006 per square foot over a total strata area of 7,373 square feet (684 square metres). Read more>>
Major Hong Kong Grocery Chain Shuts Stores as China Lures Shoppers
Hong Kong’s third-largest supermarket chain, U Select — run by state-owned conglomerate China Resources Holdings — has almost halved its network in less than a year as the city’s retailers struggle with economic headwinds and residents flock across the border for cheaper shopping.
The chain, which expanded rapidly during COVID-19 and had about 100 stores in Hong Kong, shut dozens of money-losing branches as the economy slowed and consumer sentiment deteriorated, according to people familiar with the matter who asked not to be identified. Read more>>
Jinmao and Wumart REITs Close Flat in Shanghai Trading Debut
China’s first two public real estate investment products based on commercial retail spaces closed roughly flat after their Tuesday debut, showing that investors remain cautious towards property assets and deflationary pressures in the economy.
The two REITs listed in Shanghai are backed by shopping centres owned by developer China Jinmao and supermarkets owned by retailer Wumart. Read more>>
Special Wong Chuk Hang Flats Up for Tender
Primary and secondary markets continue to remain robust after the removal of Hong Kong’s housing curbs two weeks ago.
CK Asset will put some special flats at Blue Coast atop Wong Chuk Hang MTR station up for tender and refer to market levels of HK$40,000 ($5,112) per square foot. Read more>>
South Korea’s Land Minister Bearish on Property as Population Ages
South Korea won’t see a repeat of the sharp home price gains it did in the past as its population rapidly ages and the economy slows, the country’s land minister said, vowing to promote public rental accommodation to improve access to housing.
“The population is ageing and the economy is growing by just 2 percent to 3 percent each year. There is no way house prices will rise as they did in the past,” Park Sang-woo, minister of land, infrastructure and transport, said in an interview with Reuters on Monday. Read more>>
Seoul Landmark Donuimun D Tower Put Up for Sale
South Korean real estate firm Mastern Investment Management is set to sell off Donuimun D Tower, a landmark office building in Seoul, for KRW 900 billion ($684 million), people familiar with the matter said Friday.
Mastern will inform its limited partners of the expected sale price of the building and send a request for proposal for the divestment to advisory firms, sources said. Read more>>
Certus Capital Eyes $120M Investment in India Real Estate Via Secured Credit
Certus Capital, an institutional real estate investment and advisory firm, is looking to invest INR 10 billion ($120 million) through secured credit in the real estate sector in India over the next year, said a top company executive.
The firm, founded by former KKR director Ashish Khandelia, has already invested close to INR 4 billion in its secured bond platform, Earnnest.me, and expects to close the year with aggregate investments exceeding INR 5 billion. Read more>>
Tune in again soon for more real estate news and be sure to follow @Mingtiandi on X, or bookmark Mingtiandi’s LinkedIn page for headlines as they happen.
>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MingTiandi – https://www.mingtiandi.com/real-estate/crelist/roundup-blackstone-taps-morgan-stanley-in-quest-for-airtrunk/
