News roundup: New route boosts tourism in Philippine islands Dinagat and Siargao, and more stories

For PropertyGuru’s news roundup, the newly opened route from Dinagat Islands to Siargao Island will boost the tourism industry in both islands of the Philippines. In other updates, industrial property powerhouse the Goodman Group is in talks to drive into data centres in Australia, while Malaysia’s Tourism Perak held a tourism seminar in Osaka, Japan as part of Visit Perak Year (TMP 2024).

New route to boost tourism in Dinagat Islands, Siargao in the Philippines

The newly opened route from the province of Dinagat Islands to Siargao Island in Surigao del Norte is expected to rapidly boost the tourism industry in both islands of the Philippines, according to PNA.

Officials underscored this during the formal opening of the new route on 22nd April with the rollout of the maiden voyage from Del Carmen town in Siargao to Cagdianao in Dinagat.

Alfredo Coro II, the mayor of Del Carmen, led the delegation from Siargao Island during its maiden voyage. After an hour-long journey, Dinagat Island Governor Nilo Demerey Jr. and Mayor Marc Adelson Longos welcomed the group upon their arrival at Cagdianao port.

Goodman Group plans to drive into data centres in Australia

Industrial property powerhouse the Goodman Group is in talks with global funds manager Barings about selling it an industrial portfolio worth up to AUD800 million.

The deal would see the international funds house acquire a series of properties in Sydney and Melbourne, bolstering its portfolio, which has been supported by major local superannuation funds. Superannuation funds are expanding their exposure to industrial property amid confidence the sector remains a key area of opportunity to deliver long-term value to members.

On the ground, the industrial property world is being transformed by the advent of data centres which are trading at prices that confound traditional metrics amid surging demand that is being driven by the AI revolution.

realcommercial.com.au reports that Goodman is leading the charge among traditional property companies but other major groups are also looking to get in on the action to boost returns, which is spurring trading of existing industrial assets.

Tourism Perak on the aggressive promotion of Malaysia’s TMP 2024 in Osaka

Tourism Perak held a tourism seminar in Osaka, Japan from 23rd to 27th April as part of Visit Perak Year (TMP 2024), coinciding with Perak Menteri Besar Datuk Seri Saarani Mohamad’s investment mission to the city.

In a statement on 24th April, Tourism Perak announced that the mission was aimed at aggressively promoting the tourism sector in new Japanese markets, aligning with the TMP 2024 campaign.

“This seminar aimed to tap into new markets in Osaka, a city with a population of 19 million, showcasing Perak’s abundance of eco-tourism offerings, heritage, and culture, as well as its gastronomic delights,” the statement read in Bernama.

The Property Report editors wrote this article. For more information, email: [email protected].