Fermi, co-founded by former U.S. energy secretary Rick Perry, has raised $682.5 million in a U.S. IPO, reflecting strong demand for AI-driven data infrastructure. The Texas-based company, valued at $12.46 billion, is building a massive energy and data campus set to supply 11 GW of power by 2038.
The Indian REITs Association has joined the Global REIT Alliance, linking up with members from 24 countries to strengthen international cooperation, improve market standards, and expand India’s role in the global real estate investment trust sector.
Megaworld Corp. has launched a P2-billion share buyback programme while allocating P2.21 billion raised from its listed REIT unit to township developments in Cebu, Palawan and Bacolod. The company said the buyback would enhance shareholder value, while proceeds from MREIT will support ongoing projects due for completion in 2028.
Flagship REIT has expanded its senior revolving credit facilities to $500 million, strengthening its capital structure and providing flexibility for future acquisitions and developments in the outpatient healthcare space.
AvalonBay Communities will join Bank of America’s Global Real Estate Conference on 9 September, while reporting that its Q3 Same Store revenue growth to August remains in line with expectations.
JD Property, the real estate arm of JD.com, is partnering with Partners Group and Hillhouse-backed EZA Hill Property to launch a Singapore REIT valued at over US$1 billion, in what could be one of the city’s largest new listings in more than a year.
JD.com’s property arm joins forces with Partners Group and Hillhouse’s EZA Hill Property to establish a Singapore REIT valued at over US$1B, a major step for Chinese capital in Southeast Asia’s logistics and industrial market.
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