Real estate stories
Burges Salmon has guided Tritax Big Box in a joint venture to enhance power delivery for a substantial new data centre at Heathrow, valued at GBP £5 billion.
Gallabox has secured USD $3.5 million in seed funding to enhance its AI-driven WhatsApp tools, aiming to transform communication for small and medium enterprises.
JLL has expanded its Asia Pacific data centre capital markets platform, appointing Luke Jackson and Bob Tan as regional co-heads to enhance investor services.
James Cameron has been appointed Head of Energy & Infrastructure for Asia Pacific at JLL, driving the firm's expansion in the region from Singapore.
Demand for flexible offices is climbing in New Zealand as AI and hybrid work reshape space needs, with hubs and spokes set to dominate corporate use.
National average asking prices rose 60.3% in 10 years, but Auckland lagged as regional New Zealand drove most of the gains.
Auckland and Wellington are among Asia-Pacific’s most inclusive cities, with social equity seen as a driver of talent, growth and investment.
CapitaLand is investing over USD $700 million in a new data centre in Osaka, Japan, expanding its portfolio to meet rising digital demand.
Lower borrowing costs and expiring term deposits could lift demand for commercial and residential property as investors hunt better returns.
Non-bank lender Bridgit has expanded its distribution team with the appointment of five Business Development Managers to meet rising business demand.
Bengaluru’s warehousing and logistics firms are set for a bigger showcase as 165 companies and 10,000 professionals gather in November.
New Zealand’s housing market finished 2024 quietly, with sales, prices and listings all showing mixed shifts as inventory stayed elevated.
Slower construction inflation should ease pressure on would-be buyers, with CoreLogic saying house-building costs rose just 1.1% over the past year.
House prices are still 17.6% below their post-Covid peak, with weak Auckland and Wellington values weighing on 2025 prospects.
A new tile showcase at Tokyo Big Sight aims to draw architects and builders as JAPAN BUILD Tokyo 2024 expands its international reach.
More than 560 exhibitors from around the world will help draw 34,443 visitors to Tokyo Big Sight, signalling stronger global demand for building tech.
The Tokyo exhibition will bring global building and housing experts together as Japan’s construction sector seeks smarter, more efficient solutions.
Harvey Norman reports a turnaround with a profit of NZD 9.86 million for the year despite a 10.4% fall in revenue to NZD 62.04 million.
Litera has acquired Office & Dragons to enhance its legal tech offerings, leveraging automation and AI to improve document workflows for legal professionals.
Mortgage holders may get further relief early next year, but house prices are likely to rise only modestly as listings and unemployment stay high.