A Frasers Property-led consortium led by billionaire Charoen Sirivadhanabhakdi has submitted a top bid of $1.6 billion for a prime Singapore waterfront development site.
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A West Texas-based entrepreneur with wastewater and natural gas assets positions the region as an ideal location for AI data center development, leveraging abundant cheap power and water infrastructure.
Billionaire Lim Kok Thay's Genting is developing a major casino resort project in New York including a new hotel and arena as part of a $5.5 billion investment.
Cencosud's Cenco Malls acquired a 51% controlling stake in the Plaza Central shopping center in Bogota, Colombia, for US$125 million; PEI retains the remaining 49%.
Hongkong Land Holdings acquired a 10.8% stake in Suntec Real Estate Investment Trust from ESR Group for S$541 million ($422 million) in cash -- a discount to Suntec's appraised NAV. Suntec REIT's portfolio spans office and retail assets across Singapore's CBD, including one-third stakes in Marina Bay Financial Centre and One Raffles Quay.
Artificial intelligence is helping utility companies improve customer service and better manage power grids. According to a recent JLL report, “Optimizing Beyond the Grid: How AI is Revolutionizing Utility Facilities and Workplaces,” the technology is doing a whole lot more than that. “Leveraging AI in their real…
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