Anthropic CEO Dario Amodei has been scouting around Down Under (Image: Anthropic)
Artifical intelligence leads today’s headlines as Claude chatbot maker Anthropic seeks hyperscale data centre capacity in Australia. Also in the news, GLP Japan buys land in Kawasaki for a cold-chain logistics hub and investors acquire a 168-key Osaka hotel via crowdfunding platform CREAL.
Anthropic Seeks Up to 5GW in NSW Data Centres Amid $14B Australia Push
Anthropic sought as much as 5 gigawatts of AI data centre capacity in New South Wales, more than three times Australia’s total current capacity, according to internal government emails obtained by ABC News.
Anthropic separately sent Australian data centre builders a confidential tender for 1.4 gigawatts of capacity valued at more than A$20 billion ($14.4 billion), the Australian Financial Review reported in July. Anthropic CEO Dario Amodei visited Australia in March, when the company signed a memorandum of understanding with the federal government. Read more>>
GLP Japan Buys Kawasaki Site for Cold Chain Hub
GLP Japan agreed to buy 18 hectares (44 acres) of land from JFE Steel in Kawasaki, near Tokyo, to build a refrigerated logistics hub, the companies said. The Ogishima district project will comprise 11 buildings with 370,000 square metres (4 million square feet) of floor area.
JFE Steel plans to hand over the site, part of a former steelworks, to GLP Japan by March 2028, with facilities partly operational by July 2030, the companies said. Kawasaki City has signed a cooperation agreement to support the project with new road and port links. Read more>>
CREAL Investors Acquire 168-Key IHG Hotel in Osaka
Japanese investors acquired a 168-key IHG-branded hotel in Osaka through crowdfunding platform CREAL, the company said. CREAL plans to retain the IHG franchise while shifting hotel operations to its own subsidiary, CREAL Hotels.
CREAL took the same approach at Holiday Inn & Suites Shin Osaka, according to the company. Osaka’s hotel market slowed in the first half of 2026 on a post-Expo lull and softer inbound demand tied to China-Japan travel dynamics, but CREAL said forward bookings are strengthening for the second half ahead of the city’s 2030 integrated resort opening. Read more>>
MA Financial Caps Redemptions on $1.7B Private Credit Fund
MA Financial has limited redemptions on its A$2.3 billion ($1.7 billion) secured property loan fund, as investors grow wary of the private credit sector’s exposure to property development, the Australian Financial Review reported.
MA Financial disclosed the restriction to investors in ASX-listed MA Credit Trust, a A$560 million fund with 20 percent exposure to the loan fund series, according to the AFR. Investors have grown increasingly anxious about the broader A$200 billion private credit industry’s development exposure. Read more>>
Sydney Builder Bathla Calls In Administrators on $2B in Liabilities
Australian residential developer Bathla Group called in external administrators to restructure, citing a “perfect storm” of softening sales, rising costs and tax changes, Reuters reported. The privately owned builder had A$3.2 billion ($2.3 billion) in liabilities as of June 2025, according to regulatory filings.
Bathla hired restructuring firm Teneo to keep supplying housing in Sydney, its main market, according to the company’s website. The employer of 226 people has thousands of homes under construction, and its collapse threatens the federal government’s goal of building 1.2 million homes by 2030. Read more>>
Coliwoo Holds 3,568-Room Portfolio at 93.7% Occupancy
Coliwoo Holdings reported an average portfolio occupancy rate of 93.7 percent for the June-ended quarter, with its Singapore portfolio stable at 3,568 rooms across 28 properties, the company said. Leased properties averaged 95 percent occupancy and managed properties reached 99.6 percent, while the owned segment stood at 80.8 percent.
Coliwoo attributed the lower owned-segment occupancy to the ramp-up of its 212-room Coliwoo Midtown property, which opened in March and had reached close to 90 percent occupancy by July, according to the company. Excluding that ramp-up effect, portfolio occupancy stood at 96 percent, and the group also commenced operations at its 380-room Coliwoo Resort Changi in July. Read more>>
Korea’s GS AI Infra Sets November Groundbreaking for $10.8B Data Centre
GS AI Infra, a unit of South Korea’s GS Group, plans to break ground in November on a 2.4-gigawatt AI data centre in Donghae, on South Korea’s east coast, Maeil Business reported. Construction will proceed in phases, starting with 1.2GW of capacity.
Market analysts estimated the project cost at KRW 15 trillion ($10.8 billion), excluding GPU costs. GS affiliates including GS Engineering & Construction, GS Power and GS Caltex will handle construction, electricity supply and cooling technology, respectively. Read more>>
Australia Housing Slump Creates ‘Uncertainty’ for Land Lease Developer Ingenia
The housing market slowdown is cutting inquiries at Australia’s Ingenia Communities, with three interest rate hikes and a federal budget that have dampened investor activity making it harder for home owners to sell and buy into the land lease developer’s residential estates.
ASX-listed Ingenia said late Tuesday that it settled 573 homes in the year to June, up 10 percent from a year earlier. The average price of homes it sold rose 1.5 percent to A$681,000 ($488,800) from $671,000 a year earlier. Read more>>
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