18 Apr 2026

Amaal has appointed CITIC Middle East Contracting LLC as the main contractor for the AED 1.8 billion MANSORY Residences, a 60-storey ultra-luxury residential tower in Dubai's Meydan Horizon masterplan. The project, positioned as the world's first MANSORY-branded residential development, is scheduled for completion by late 2028. Backed by CITIC Construction Co. Ltd, the contractor will undertake full turnkey execution, including structural works, MEP systems, and integration of smart home and automotive-focused features. The development comes amid sustained demand for high-value, design-led residential assets in Dubai, supported by strong investor activity and rising transaction volumes in the emirate's property market. The partnership also reflects broader UAE-China economic ties, with increasing cross-border investment and construction collaboration.Read more

18 Apr 2026

The lease for the Consumer Financial Protection Bureau's headquarters in Washington has been terminated by a U.S. Treasury bank regulation agency, with the property set to be handed over to the federal government's central real estate management body. The decision comes amid continued uncertainty over the Trump administration's long-standing stance on the agency, which was created after the 2008 financial crisis to oversee consumer financial services. The move also follows earlier attempts to scale down the bureau's operations, workforce, and physical presence in the capital, raising questions about its future structure and functioning.Read more

18 Apr 2026

Accor and Contact Developments have signed an agreement to develop the Pullman New Capital Hotel & Residences in Egypt's New Administrative Capital, marking the debut of the Pullman brand in Cairo. The mixed-use project will comprise a 150-key five-star hotel and 100 branded residences, located along Mohammed Bin Zayed Road overlooking the Green River. The development reflects growing demand for integrated hospitality and residential assets in emerging urban centres and aligns with Egypt's Vision 2030. The project also marks Contact Developments entry into the hospitality sector while strengthening Accor's expansion in the Middle East and Africa region.Read more

17 Apr 2026

The government of Sweden disclosed that a pro-Russian cyber group attempted to disrupt operations at a thermal power plant in western Sweden during the past year, though the attack was unsuccessful due to built-in safeguards. Authorities indicated that the actor had links to Russian intelligence services. The incident reflects a broader increase in hybrid attacks targeting European infrastructure following the Russia's invasion of Ukraine. While no damage occurred, officials highlighted growing risks to critical energy assets, noting a shift from basic disruption tactics towards more destructive cyber capabilities across the region.Read more

17 Apr 2026

Swedish Logistic Property AB reported a strong start to the year with a notable increase in rental and operating income. Rental income rose by 26% year-on-year, supported by portfolio expansion and stable demand for logistics assets. Net operating income also recorded a similar growth trend. The company has been consistently strengthening its position in the Nordic logistics market, benefiting from long-term leases and tenant demand driven by e-commerce and supply chain optimisation.Read more

17 Apr 2026

BasisBank, owned by China-based Hualing Group, has acquired a 95.99% controlling stake in Liberty Bank, the third-largest bank in Georgia by assets. The transaction strengthens the acquirer's presence in the South Caucasus banking sector and aligns with increasing economic engagement between Georgia and China. Liberty Bank held a 5.5% market share as of mid-2025. The deal forms part of Hualing Group's broader strategy of expanding its financial services footprint in Georgia, where bilateral trade with China has seen steady growth in recent years.Read more

17 Apr 2026

Stegra has raised around USD 1.7 billion to complete its hydrogen-based steel plant in northern Sweden, strengthening one of Europe's key green industrial projects. The funding, led by the Wallenberg family along with global investors like Temasek and IMAS, will support construction, cover rising costs, and provide financial stability. The project has faced delays due to challenges in scaling green hydrogen and cost pressures. Despite this, investor participation indicates continued confidence in low-emission steel production and long-term industrial decarbonisation efforts.Read more

17 Apr 2026

Barratt Redrow has reduced its land approval and spending targets for the current financial year as it adopts a cautious approach due to rising costs and interest rate uncertainty linked to the ongoing Iran conflict. The company now plans to approve fewer land plots and lower its overall investment. This move reflects a broader trend in the UK housing sector, where developers are becoming more selective. Despite these changes, Barratt Redrow has maintained its profit and home completion guidance, though it has indicated limited visibility beyond the current financial year.Read more

17 Apr 2026

Singapore-based DBS has strengthened its presence in Hong Kong's commercial real estate market by acquiring six additional floors at The Center for HKD 2.62 billion (USD 334.29 million). This marks the city's largest commercial property transaction so far this year and takes DBS Hong Kong's total ownership in the building to 14 floors. The move reflects the bank's continued focus on Hong Kong as a key wealth management hub. The deal also signals improving sentiment in the city's office market, supported by stronger capital market activity and renewed demand from mainland Chinese and global firms.Read more

17 Apr 2026

Dream Industrial Real Estate Investment Trust has announced plans to raise CAD 200 million through a new issuance of senior unsecured debentures under Series H. The move is part of the REIT's ongoing capital strategy to strengthen its balance sheet and support future growth. Such issuances are commonly used by REITs to refinance existing debt and fund acquisitions or development activity. Dream Industrial, which operates a portfolio of industrial assets across key global markets, has been actively managing its capital structure amid evolving interest rate conditions and demand for logistics and warehousing spaces.Read more