10 Oct 2025

Keppel REIT is acquiring a 75% stake in Sydney's Top Ryde City Shopping Centre for AUD 393.8 million (USD 259 million), marking its entry into non-discretionary retail. Subject to regulatory approval, the acquisition is expected to be completed by early 2026. Valued at AUD 6,813 per square meter, the fully-leased property is projected to deliver a 6.7% initial yield. To fund the purchase, Keppel REIT has initiated a private placement to raise at least AUD 113 million, with part of it allocated for the acquisition.Read more

10 Oct 2025

Maynilad Water Services Inc., the Philippines' largest private water concessionaire, is preparing an IPO worth up to INR 25.3 billion (USD 438 million), which could become the country's largest listing this year. Sources indicate that Cornerstone Investors are expected to acquire over half of the offering, signaling strong institutional confidence. The IPO price is set between INR 14-15 per share, with trading expected on the Philippine Stock Exchange in early November. Proceeds will be directed towards water and wastewater projects, capital expenditure, and general corporate purposes, strengthening the company's infrastructure and operations.Read more

10 Oct 2025

MMC Port Holdings has postponed its IPO to next year to include full-year 2025 financial results. Originally planned for late 2025, the offering was expected to raise over USD 1.5 billion, making it Malaysia's largest IPO since 2012. The delay is aimed at providing more comprehensive financial disclosures and reflecting recent operational developments, though investor interest remains strong. The IPO involves the sale of 4.3 billion existing shares by MMC Corp, which will retain a 70% stake. MMC Port operates five major ports, three cruise terminals, and other shipping facilities, reporting a net profit of 636.6 million ringgit in 2024.Read more

09 Oct 2025

A six-storey building in central Madrid collapsed while being converted into a hotel, resulting in four fatalities, including three construction workers from Ecuador, Mali, and Guinea-Conakry, and the project architect. Their remains were recovered nearly 15 hours later, while three others were injured. Built in 1965 and marked "unfavourable" in past inspections, the structure retained its facade. Owned by Saudi-based fund RSR and developed by Rehbilita, the renovation was approved in late 2024 with a two-year timeline. Rescue teams deployed drones and sniffer dogs during the operation.Read more

09 Oct 2025

UK house prices rose by 1.3% over the past year to September, marking the slowest annual growth since April 2024, as economic and tax uncertainties weighed on the market, according to Halifax. Prices fell by 0.3% compared with August, contrary to expectations. London recorded a 0.6% rise, while Northern Ireland saw the highest growth at 6.5%. Analysts said high borrowing costs, a slowing jobs market, and speculation about property tax increases were curbing housing demand. Nationwide data showed slightly higher annual growth of 2.2%.Read more

09 Oct 2025

IKEA has acquired U.S.-based logistics technology company Locus, aiming to enhance delivery speed and flexibility as the retailer expands its online presence. The move complements Ingka Group's USD 2.2 billion U.S. investment strategy, even amid higher tariffs on imported furniture. Locus, valued at USD 300 million in 2021, uses artificial intelligence to optimize delivery routes, reducing costs by an estimated EUR 100 million annually. The technology will initially be piloted in the U.S. and UK, improving customer tracking, multiple delivery options, and overall shopping experience.Read more

08 Oct 2025

CapitaLand Ascendas REIT plans to acquire three fully leased industrial and logistics properties in Singapore from Vita Partners for approximately SGD 565.8 million (USD 438 million), as part of its SGD 1.3 billion domestic investment drive this year. The acquisitions, expected to close in early 2026, will raise the value of its Singapore portfolio to around SGD 12.3 billion, representing 68 % of total AUM. The properties are leased to tenants across technology, logistics, and life sciences sectors with a weighted average lease expiry of 5.5 years, delivering a projected net yield of 6.1 % and accretive to DPU.Read more

08 Oct 2025

Home sales in the Greater Toronto Area (GTA) reached an eight-month peak in September, with 5,765 units sold, marking a 2% month-over-month increase and the highest since January. Despite rising sales, home prices softened slightly to CAD 971,500 (USD 695,668), continuing a trend of flat or declining prices since November last year. Year-over-year, sales grew 8.5%, new listings rose 4%, and the price index fell 5.5%. Analysts suggest that recent Bank of Canada rate cuts could ease mortgage payments and encourage further market activity.Read more

07 Oct 2025

Airbus delivered a record 73 aircraft in September, surpassing analyst forecasts of 69-70 and marking its strongest September performance ever, according to industry sources. The figure, up from 50 a year earlier, signals easing delays in engine supplies and brings total deliveries for January-September to 507 jets, a 2% increase year-on-year. However, Airbus must now achieve a record 313 deliveries in Q4-16% higher than last year's final quarter-to meet its full-year target of 820 aircraft, analysts said. The boost was driven largely by improved engine availability from suppliers like CFM International. Airbus is also nearing a milestone, with total A320 deliveries expected to rival Boeing's 737 as the world's most-sold jet.Read more

07 Oct 2025

Britain's government announced plans to streamline the home-buying process to boost the property market, aiming to cut transaction times by about four weeks from the current five-month average. The reforms would require key search and survey information to be published before properties are listed, potentially introducing binding contracts for buyers and sellers and halving the number of failed transactions. The Royal Institution of Chartered Surveyors welcomed the move, noting the current system's high costs and inefficiency. As part of its housing push, the government aims to build 1.5 million homes during the current parliament and estimates the reforms could save first-time buyers about £710 ($957). A nationwide consultation will follow.Read more