23 Feb 2026

Swedish real estate firm Castellum AB agreed earlier this week to sell a portfolio of nine public sector properties to Sweden's fund AP7 for SEK 5.6 billion (approximately INR 50,000 Cr). The properties, mainly serving judicial and government functions and spanning about 110,000 sqm, are fully leased with an average contract term of around 11 years and a 100 percent occupancy rate. The sale price slightly exceeds the properties recorded value at the end of 2025, and Castellum expects a total net earnings impact of roughly SEK 750 million from the transaction. Closing is scheduled around late April 2026, subject to regulatory and tenant approvals.Read more

23 Feb 2026

Kalleback Property Invest AB has proposed a dividend of SEK 12 per share for 2025, following stable financial performance in the second half of the year. Rental income rose to SEK 46,189 thousand, while property management profit held steady at SEK 29,297 thousand. The results indicate consistent operational efficiency and a focus on long-term value for shareholders, with dividends reflecting confidence in the company's financial stability and steady growth trajectory.Read more

23 Feb 2026

Austal has been awarded a AUD 4 billion (USD 2.82 billion) government contract to build eight landing craft heavy vessels, marking its second major defence contract under Australia's Strategic Shipbuilding Agreement. The contract, which complements its previous AUD 1.03 billion Landing Craft Medium project, strengthens the company's long-term order book and supply chain. Shares surged over 5% following the announcement. Austal Defence Shipbuilding Australia will lead construction, scheduled to begin this year, with final delivery expected in 2038. The company's U.S. unit is simultaneously producing landing craft for the U.S. Navy.Read more

23 Feb 2026

Aldar Properties has issued USD 1 billion in hybrid notes to Apollo, using the proceeds as equity to raise its ownership in Aldar Investment Properties (AIP) to 90%. This strategic move consolidates Aldar's investment control, aligns with its expansion goals, and demonstrates strong investor confidence. Hybrid financing allows the company to balance debt and equity efficiently, while securing a majority stake in a key property platform. The deal also positions Aldar to capitalize on future growth and development opportunities within its investment portfolio.Read more

23 Feb 2026

Spanish authorities have confirmed that architect Antoni Gaudi designed the Xalet del Catllaras, a mountain shelter built between 1901 and 1908 in Catalonia. The three-storey structure was constructed for workers at a cement factory owned by Gaudi's patron, Eusebi Guell. A 2023 expert study identified signature design elements, including distinctive arches, vaults and 45-degree wall angles linked to Gaudi's mid-career style. The analysis used historical records and 3D modelling to verify authorship. The confirmation officially adds the remote forest building to Gaudi's recognised works, ahead of events marking the centenary of his death in 2026.Read more

23 Feb 2026

Pakistan and the United States have signed a memorandum of understanding to jointly redevelop New York's Roosevelt Hotel, enabling Islamabad to unlock value from one of its most significant overseas assets. The century-old property, owned by Pakistan International Airlines, has remained closed since 2020 and is now being positioned for redevelopment rather than an outright sale. The move aligns with Pakistan's broader programme of restructuring and privatising state-owned assets under its IMF-backed economic reform agenda. The agreement also reflects a broader effort to deepen economic engagement between Islamabad and Washington, as Pakistan seeks foreign investment and strategic partnerships to stabilise its economy and monetise underutilised assets abroad.Read more

23 Feb 2026

Alphabet's Google and Sea Ltd have formed a strategic partnership to develop artificial intelligence tools for Shopee and Garena. The companies will explore building an AI agentic shopping prototype for Shopee, Southeast Asia's leading e-commerce platform with a 52% market share in 2024. The initiative aims to move beyond basic search, enabling AI systems to handle complex, multi-step shopping tasks. In gaming, Google and Garena will deploy AI to improve content creation and development efficiency. The collaboration deepens earlier ties between the firms and highlights the growing integration of AI across Southeast Asia's fast-expanding e-commerce and digital gaming markets.Read more

23 Feb 2026

Road King Infrastructure Ltd informed stock exchanges that the winding up application filed against New Select has been adjourned. The matter will now be heard on March 16. The company disclosed the update in a regulatory filing, without sharing further details on the grounds of the petition. Road King, listed in Hong Kong, continues to update investors on legal proceedings as part of its compliance requirements. The development comes amid ongoing scrutiny of corporate legal matters in the property and infrastructure space.Read more

23 Feb 2026

Invitation Homes, the largest U.S. single-family rental home REIT, has forecast 2026 core adjusted funds from operations (FFO) between $1.60 and $1.68 per share, below Wall Street estimates. The company cited rising operating, maintenance and insurance costs in an inflationary environment as key pressures on margins. Fourth-quarter adjusted FFO stood at 41 cents per share, while revenue rose 4% year-on-year to $685.3 million, supported by steady rental demand. Same-store renewal rents increased 4.2%, with blended rental growth at 1.8%. The outlook highlights ongoing cost challenges for U.S. residential real estate investment trusts despite resilient rental housing demand.Read more

23 Feb 2026

The White House has proposed restricting investors who own more than 100 single-family homes from purchasing additional properties, according to a report by The Wall Street Journal. The proposal, shared with congressional committee leaders, is expected to be introduced as part of a Senate housing bill currently under negotiation. While exemptions have been suggested for investors involved in building or substantially renovating rental homes, the move forms part of a broader effort by President Donald Trump's administration to address housing affordability and limit competition between institutional investors and individual buyers.Read more