Listed Real Estate Asia, KT Capital Group

Jacob Cheng

Listed Real Estate Asia

KT Capital Group

Principal investments and advisory firm that focuses on connecting the CIS countries with East Asia.

Principal investments and advisory firm

Thematic (Sector/Industry)

<ul>
<li>Private markets value AI data centers at astronomical premiums, highlighted by Blackstone's 185bn USD platform, creating massive public-to-private valuation arbitrage for Asia-Pacific listed equities.</li>
<li>NextDC offers a prime actionable long trade, boasting a massive multi-hundred megawatt pipeline and elite NVIDIA-certified 600kW liquid-cooling capabilities necessary for next-generation AI workloads.</li>
<li>Accelerated hyperscaler leasing drives massive upside, while supply chain bottlenecks for critical electrical switchgear and transformers present the primary downside risk to near-term invested capital returns.</li>
</ul>


Private markets value AI data centers at astronomical premiums, highlighted by Blackstone's 185bn USD platform, creating massive public-to-private valuation arbitrage for Asia-Pacific listed equities.
NextDC offers a prime actionable long trade, boasting a massive multi-hundred megawatt pipeline and elite NVIDIA-certified 600kW liquid-cooling capabilities necessary for next-generation AI workloads.
Accelerated hyperscaler leasing drives massive upside, while supply chain bottlenecks for critical electrical switchgear and transformers present the primary downside risk to near-term invested capital returns.


Blackstone’s Data Center Platform $185 Billion Valuation: LONG NextDC as Ultimate Listed Infra Trade

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Quiddity Advisors

Pan-Asia Catalysts/Events

Index Rebalance

<ul>
<li>The ADDs/DELs for the ASX index family for the September 2026 index rebal event were announced after market close on Friday 4th September 2026.</li>
<li>There are 24 ADDs and 21 DELs collectively for ASX 20, ASX 50, ASX 100, ASX 200 and ASX 300.</li>
<li>In this insight, we take a look at our final flow expectations for each of these confirmed index changes.</li>
</ul>


The ADDs/DELs for the ASX index family for the September 2026 index rebal event were announced after market close on Friday 4th September 2026.
There are 24 ADDs and 21 DELs collectively for ASX 20, ASX 50, ASX 100, ASX 200 and ASX 300.
In this insight, we take a look at our final flow expectations for each of these confirmed index changes.


Quiddity ASX Sep26 Results: 92% of Predictions Correct; More Changes for ASX 300 than We Expected

<ul>
<li>Hyperscale outbidding: Data centre developers are paying up to 182.1% industrial land premiums, breaking traditional logistics feasibility and creating a peak-valuation capital recycling opportunity for incumbent landlords.</li>
<li>Grid exhaustion: Australia's 16.2 GW data centre pipeline faces severe grid constraints by 2029, forcing a structural pivot toward regional Renewable Energy Zones and private transmission infrastructure.</li>
<li>Strategic trades: Go long Goodman Group and NextDC for moat-protected yields and land-banking arbitrage, while shorting unhedged secondary logistics developers exposed to margin erosion and stranded pipelines.</li>
</ul>


Hyperscale outbidding: Data centre developers are paying up to 182.1% industrial land premiums, breaking traditional logistics feasibility and creating a peak-valuation capital recycling opportunity for incumbent landlords.
Grid exhaustion: Australia's 16.2 GW data centre pipeline faces severe grid constraints by 2029, forcing a structural pivot toward regional Renewable Energy Zones and private transmission infrastructure.
Strategic trades: Go long Goodman Group and NextDC for moat-protected yields and land-banking arbitrage, while shorting unhedged secondary logistics developers exposed to margin erosion and stranded pipelines.


The 155bn AUD Digital Land Grab: Arbitraging Australia's Gridlock

Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

<ul><li>Hongkong Land Fund has acquired Wheelock Place in Singapore for $863 million from Wharf REIC.</li><li>The APAC data center pipeline has reached 25.5GW, with Savills highlighting delivery risks outweighing demand.</li><li>Schroders has lost its third asset in Hong Kong to creditors this year, while Australia's leasing market shows resilience.</li></ul>

Hongkong Land Fund has acquired Wheelock Place in Singapore for $863 million from Wharf REIC.The APAC data center pipeline has reached 25.5GW, with Savills highlighting delivery risks outweighing demand.Schroders has lost its third asset in Hong Kong to creditors this year, while Australia's leasing market shows resilience.

Asia Real Estate Tracker (31-Jul-2026): Hongkong Land Fund acquires Wheelock Place for $863M.

<ul><li>NextDC in Australia has increased its senior debt facilities to $1.6 billion for AI data center growth.</li><li>Weave is marketing Singapore shophouse suites for $73 million, reflecting a trend in capital recycling.</li><li>Mitsubishi Estate plans to invest $9 billion in data centers and real estate across the Asia-Pacific region.</li></ul>

NextDC in Australia has increased its senior debt facilities to $1.6 billion for AI data center growth.Weave is marketing Singapore shophouse suites for $73 million, reflecting a trend in capital recycling.Mitsubishi Estate plans to invest $9 billion in data centers and real estate across the Asia-Pacific region.

Asia Real Estate Tracker (15-Jul-2026): Australia's NextDC Raises Senior Debt to $1.6B for AI Center

Australia

NEXTDC Ltd. develops data centers. The Company develops and operates carrier and systems integrator neutral data centers in Australia. NEXTDC's customers will also be able to use the data centers as connectivity and content hubs.

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Nextdc Ltd (NXT AU)

Blackstone’s Data Center Platform $185 Billion Valuation: LONG NextDC as Ultimate Listed Infra Trade

Private markets value AI data centers at astronomical premiums, highlighted by Blackstone's 185bn USD platform, creating massive public-to-private...

Jacob Cheng

Quiddity ASX Sep26 Results: 92% of Predictions Correct; More Changes for ASX 300 than We Expected

Most of the confirmed index changes have multiple days of volume to trade. The ASX 300 ADDs/DELs have comparatively insignificant flow sizes.

Janaghan Jeyakumar, CFA

The 155bn AUD Digital Land Grab: Arbitraging Australia's Gridlock

Data centre developers are paying up to 182.1% industrial land premiums, breaking traditional logistics feasibility and creating a peak-valuation...

Jacob Cheng

Asia Real Estate Tracker (31-Jul-2026): Hongkong Land Fund acquires Wheelock Place for $863M.

Hongkong Land Fund bought Wheelock Place for $863M, APAC's data center pipeline hits 25.5GW, Stack seeks $5.9B loan for Melbourne project, and...

Asia Real Estate Tracker

Asia Real Estate Tracker (15-Jul-2026): Australia's NextDC Raises Senior Debt to $1.6B for AI Center

NextDC expands debt facilities to $1.6B for AI data centers, Weave offers Singapore shophouses for $73M, Mitsubishi invests $9B in Asia-Pacific...

Asia Real Estate Tracker

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