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12.12.25 - 15:54
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Fermi Craters 50% After Losing First Tenant For Its Massive Texas Data Center (ZeroHedge)
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Fermi America announced their first potential tenant for the Project Matador data center campus terminated their $150 million Advance in Aid of Construction agreement (i.e., lease). The stock has plunged as much as 50% in premarket trading in what is a wild overreaction with unprecedented demand for data center space (especially data centers named after the president) still offset with limited supply. Several weeks ago, we documented Fermi's difficulties with signing their first major tenant last month for their President Donald J. Trump Advanced Energy and Intelligence campus in Texas, set to become the world's largest mixed-use data center. Co-founded by former Texas Governor and Secretary of Energy Rick Perry, the company has yet to close a deal with a data center developer for their massive 11 GW campus outside of the Pentax facility. What is bizarre, is that the company is on track to bring hundreds of megawatts on line for the site by the beginning of next year..
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12.12.25 - 12:36
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Hongkong Land poised to launch US$6 billion Singapore property fund (SCMP)
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Hongkong Land is set to launch what it expects to be the largest private real estate fund in Singapore, with more than S$8 billion (US$6.2 billion) in assets under management, including prime commercial projects in the waterfront Marina Bay district.
At inception, the Singapore Central Private Real Estate Fund (SCPREF) would include one-third stakes in One Raffles Quay and Marina Bay Financial Centre Towers 1 and 2, the Hong Kong-based commercial landlord and developer said in a statement on......
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