28 Dec 2025

Scentre Group has agreed to sell a near 20% stake in its flagship Westfield Sydney mall to the Australian Retirement Trust for AUD 864 million, or about USD 575.68 million. The deal values the asset in line with its June 2025 book value and follows earlier asset sales, including a major stake sale at Westfield Chermside. Scentre will retain an 80.1% interest in Westfield Sydney and plans to use the capital to support residential development across its land holdings.Read more

27 Dec 2025

State-owned NBCC (India) Ltd has taken a significant step towards international expansion by acquiring nearly 15,000 sq ft of prime land in Dubai Mainland for AED 15 million, equivalent to around INR 37 crore. The land will be developed into a mixed-use real estate project and marks NBCC's formal entry into overseas real estate development. The acquisition has been executed through NBCC Overseas Real Estate LLC, a wholly owned subsidiary set up to spearhead the company's international operations. The move aligns with NBCC's strategy to diversify its real estate portfolio beyond India and tap into the growing demand in the Dubai property market, which continues to attract strong interest from Indian developers and investorsRead more

27 Dec 2025

The White House is set to present further details of President Donald Trump's proposed East Wing ballroom at a federal planning commission hearing scheduled for January 8. The project, estimated by Trump at USD 400 million, has drawn legal challenges from preservation groups and criticism from Democratic lawmakers, who allege misuse of presidential authority and are probing its funding. While parts of the former East Wing have already been demolished, regulators have so far avoided a full review. A broader public review process is expected in the coming months.Read more

27 Dec 2025

Goodman Group has signed a AUD 14 billion, or USD 9.32 billion, partnership with Canada Pension Plan Investment Board to develop data centres in Europe. Structured as a 50:50 venture, the platform will initially commit AUD 3.9 billion to four projects in Frankfurt, Amsterdam and Paris, offering a combined 435 MW of power capacity. The projects are development-ready and expected to commence construction by 30 June 2026. The phased transaction is expected to close by March 2026, boosting Goodman's growing global data centre strategy.Read more

26 Dec 2025

Beijing has further eased home-buying restrictions to support demand in its soft residential market. Non-local residents can now purchase homes after paying income tax in the city for one consecutive year, down from the earlier two-year requirement. In addition, families with more than one child are allowed to buy an extra home in downtown areas. These measures are part of a broader effort by city authorities to stabilise housing demand as prices remain under pressure, following earlier rounds of policy easing across major Chinese cities.Read more

26 Dec 2025

Roadside Real Estate PLC has completed the acquisition of Gardner Retail for GBP 17.8 million, strengthening its retail property portfolio in the UK. The company stated that the transaction is expected to be immediately accretive to its adjusted earnings within the current financial year ending 30 September 2026. The deal aligns with Roadside Real Estate's ongoing strategy of expanding through income-generating assets that support stable cash flows. The acquisition adds to the company's recent activity in the retail real estate segment, which has remained resilient despite broader market pressures.Read more

26 Dec 2025

China has outlined fresh measures to step up urban renewal and stabilise its housing market as it prepares for 2026 under the new Five-Year Plan. At a national housing policy meeting in Beijing, authorities said local governments will adopt city-specific measures to manage housing supply, reduce inventory pressure and support reasonable demand. The plan includes renovating older urban areas, improving financing for stalled projects, promoting completed home sales, and expanding affordable housing. These steps aim to restore confidence in a sector that remains under prolonged stress.Read more

26 Dec 2025

France's Louvre museum has strengthened security after a high-profile burglary in October, when thieves stole crown jewels worth an estimated USD 102 million. The break-in exposed serious security lapses at the world's most visited museum, as burglars accessed the Apollo Gallery balcony using a movers lift and escaped within minutes. Authorities have now installed security bars on the balcony entrance, increased police presence near the glass pyramid, and announced plans to add 100 more surveillance cameras next year. Police have identified several suspects, though the stolen jewels remain missing. The incident has raised wider concerns about the Louvre's ageing infrastructure, following recent issues including gallery closures, water damage and staff strikes.Read more

25 Dec 2025

Tata group's Indian Hotels Company Ltd (IHCL) will open its first Taj hotel in Cairo, a 300-key property at Opera Square featuring dining, wellness, and event facilities. The move aligns with IHCL's international growth strategy, targeting key global gateway cities. Cairo's historical and strategic location makes it an ideal choice, noted IHCL CEO Puneet Chhatwal. The property, owned by state enterprise EGOTH, will be redeveloped to international standards, combining local legacy with IHCL's hospitality expertise. This marks a continued push for Taj's presence globally, following successful expansions in London, New York, and Dubai.Read more

25 Dec 2025

Australia-based Goodman Group has entered into a major partnership with Canada Pension Plan Investment Board to develop large-scale data centres across key European markets. The joint venture, valued at AUD 14 billion or about USD 9.3 billion, will focus on four projects in Germany, the Netherlands and France. The move strengthens Goodman's growing role in AI-led digital infrastructure and marks CPPIB's first data centre investment in Europe. With power secured and approvals in place, construction is planned to begin before mid-2026, supporting rising demand from hyperscalers.Read more