08 May 2026

Iron Mountain has increased its full-year financial outlook, supported by strong demand for data centres driven by artificial intelligence growth. The company reported better-than-expected first-quarter earnings and revenue, along with higher adjusted funds from operations. Its data centre leasing activity has seen a strong start this year, reflecting growing enterprise reliance on AI infrastructure. Alongside this, its traditional storage and records management business continues to provide steady cash flow from a diversified client base. The company has also announced a quarterly dividend, signalling confidence in its financial position and growth trajectory.Read more

08 May 2026

Federal Realty Investment Trust has revised its annual core funds from operations (FFO) guidance upward, supported by steady leasing demand across its grocery-anchored shopping centres. The company reported better-than-expected quarterly earnings and revenue, reflecting stable tenant demand despite broader economic uncertainty. Rental income saw a notable increase, contributing to overall growth. The revised outlook signals continued confidence in the retail REIT’s portfolio performance. A similar trend was seen in the sector, with peers also reporting stronger-than-expected results, indicating resilience in retail-focused real estate assets.Read more

08 May 2026

Oversea-Chinese Banking Corporation (OCBC) has agreed to acquire selected assets and liabilities of HSBC’s wealth and premier banking business in Indonesia through its local subsidiary, in a transaction expected to complete in the second quarter of 2027. The deal will transfer a portfolio comprising 336,000 customers, assets under management (AUM) of SGD 6.6 billion (approximately USD 5.2 billion), and around 1,300 employees to OCBC’s Indonesian arm. The consideration will be based on net asset value with a premium of up to SGD 480 million. The move comes as global lenders streamline retail operations while Singapore-based banks expand their wealth and consumer banking presence across Southeast Asia, particularly in Indonesia, the region’s largest economy.Read more

08 May 2026

A Canadian Premier League match saw an unusual moment when Inter Toronto striker Tomasz Skublak used his goal celebration to promote his real estate business. After scoring against Atletico Ottawa, he displayed his business card on camera, blending sport with personal branding. The 28-year-old, who balances professional football with a full-time real estate career in Ontario, later added another goal to strengthen his team’s position in the standings. His dual role highlights a growing trend of athletes managing parallel careers, while also reflecting the challenges of maintaining performance across demanding schedules.Read more

08 May 2026

Skanska AB has secured a contract to expand a data centre in Espoo, Finland, with a project value of around EUR 100 million, equivalent to about SEK 1.1 billion. The development reflects continued growth in data infrastructure demand across Europe, driven by cloud adoption and digital services. Skanska has been actively involved in similar projects in the Nordic region, focusing on energy-efficient construction. The company’s data centre portfolio has expanded in recent years as global tech firms increase investments in scalable and sustainable facilities.Read more

08 May 2026

Housing activity in the United Kingdom showed some improvement as mortgage approvals rose to a four-month high, reflecting steady buyer interest despite economic uncertainty. Data from the Bank of England indicated that home loans, along with unsecured consumer borrowing, increased more than expected. While borrowing demand remained active, concerns around rising mortgage costs, weak sentiment and possible interest rate changes continue to affect the market outlook. Modest house price growth has also been reported, but experts remain cautious about how long this trend can continue.Read more

07 May 2026

Residential property sales across the Greater Toronto Area (GTA) rose sharply in the past month, marking the strongest monthly increase in nine months, while prices showed signs of stabilisation following a prolonged decline. Seasonally adjusted transactions reached 4,829 units, reflecting a 6.1% rise over the previous month and the second consecutive monthly gain. The region’s home price index remained largely unchanged at CAD 929,300 (USD 682,105), ending a ten-month downward trend. On an annual basis, sales increased by 7%, even as new listings declined by 9.3% and prices remained lower by 6.6%. The improvement in activity has been attributed to relatively improved affordability conditions, drawing buyers back into the market across Canada’s largest metropolitan housing region.Read more

07 May 2026

Meta Platforms is working with Morgan Stanley and JPMorgan Chase to arrange a financing package of approximately USD 13 billion for a planned data centre in El Paso, Texas, according to a source. The majority of the funding is expected to be raised through debt, with the remainder structured as equity. The development follows Meta’s decision in March to increase its investment in the project to USD 10 billion, targeting a capacity of 1 gigawatt ahead of a planned 2028 opening. The move reflects a broader trend of large technology firms accelerating capital deployment into data centre infrastructure to support artificial intelligence workloads, with sector-wide spending projected to exceed USD 630 billion this year.Read more

07 May 2026

NEXTDC Limited has secured AUD 1.8 billion (approximately USD 1.29 billion) in new senior debt facilities to fund capital expenditure linked to recent customer contract wins and ongoing data centre developments, the company said on May 5. The financing follows a recent AUD 1.5 billion entitlement offer and a further AUD 700 million commitment from Canadian investor La Caisse. Upon financial close, NEXTDC’s total available senior debt capacity is expected to rise to AUD 8.2 billion. The move comes amid a sharp increase in contracted utilisation, which reached 667 megawatts as of late March, reflecting growing demand for data centre infrastructure.Read more

07 May 2026

Brookfield Asset Management has entered into an agreement with The Nuclear Company to establish a joint venture focused on developing nuclear power projects using reactor technology from Westinghouse Electric Company. Announced on May 4, the partnership will combine Brookfield’s capabilities in asset management and energy infrastructure with nuclear project delivery expertise, including engineering oversight and licensing support. The venture is expected to advance projects centred on AP1000 and AP300 reactors amid increasing global demand for low-carbon electricity. The move aligns with broader efforts by governments and investors to revive nuclear energy as a stable, emissions-free power source. The companies aim to finalise agreements in the coming months, subject to regulatory approvals, while also taking on a role in a proposed project in South Carolina.Read more