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Logistics

The Tech Capital Blackstone to cash out of Indian REIT to focus on data centre investments

Private equity giant Blackstone Group (NYSE: BX) is reportedly in talks to cash out part of its stake in Embassy Office Parks, India’s largest real estate investment trust (REIT), in order to invest in data centres and retail properties. The deal, which could raise up to US$480 million, is being discussed with private equity group Bain Capital, according to sources speaki...

January 31

The Tech Capital China’s Alibaba to build $1bn logistics and data centre in Türkiye

Chinese e-commerce and public cloud market player Alibaba Group Holding Ltd. (NYSE: BABA) will deploy more than US$1 billion in the construction of a logistics unit and data centre in Türkiye. The investment will erect the logistics hub at Istanbul’s airport whilst the cloud facility will be located near Ankara, in Temelli, a small town southwest of the Turkish capital, ...

January 09

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