Shimao Group founder and chairman Hui Wing Mau Banks are moving to seize a Shimao-owned Sheraton hotel near Hong Kong International Airport after a $574 million loan default, with that story leading today’s headline roundup. Meanwhile, South Korea’s Ansan district is emerging as a key data centre battleground, with two new projects breaking ground or…
Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) has built a record that is nothing short of impressive, with the stock dramatically outperforming the S&P 500 index (SNPINDEX: ^GSPC) over the long term. A key part of the industrial conglomerate’s success is its business model. Brookfield Corporation (NYSE: BN) is trying to use that same model. Here’s what…
Mahdi Yahya pitched to hundreds of investors with his early AI venture. Mahdi Yahya’s fascination with data centres began as a child. His father worked in telecoms and took him to facilities where he first remembers the “smells, sounds, the noise and being extremely cold”. Yahya’s London-based firm, Ori Industries, has since proved to be…
Bain Capital partner Drew Chen Chinese bit barns lead today’s look at real estate news from around Asia Pacific, with Bain Capital having closed on its sale of the mainland China assets of the business formerly known as Chindata for $4 billion. Also making the list are Brookfield’s effort to refinance a Seoul office complex…