27 Jun 2026

Golden Growth Fund (GGF) has announced the final close of its maiden Alternative Investment Fund (AIF) with assets under management of INR 101 crore. The Category II real estate-focused fund, launched in September 2024, invests exclusively in South Delhi residential markets and reported a net asset value (NAV) growth of 61% as of March 2026. The fund has deployed capital across three projects in Anand Niketan, Neeti Bagh and Gulmohar Park, with listed developer Grovy India Ltd serving as the development partner. According to the fund, South Delhi’s luxury residential market continued to witness strong price appreciation during the first quarter of 2026, supporting investor interest in specialised real estate investment vehicles focused on premium micro-markets.Read more

27 Jun 2026

fäm Properties has facilitated the sale of approximately 40,000 sq ft of Grade A office space at Vision Tower in Business Bay, Dubai, for AED 124 million. The transaction, described by the company as the largest commercial office deal of its kind recorded in Dubai, involved the acquisition of a contiguous block of office space spread across multiple floors by a UAE-based company. The purchase forms part of the buyer’s expansion strategy and highlights continued demand for premium office assets in established business districts. The deal also reflects sustained occupier and investor interest in institutional-grade commercial properties amid ongoing activity across Dubai’s key office markets.Read more

27 Jun 2026

Warehouse developer and landlord Segro has rejected an all-share takeover proposal from U.S.-based logistics real estate company Prologis that valued the UK firm at approximately GBP 12.6 billion (USD 16.62 billion). The proposal offered Segro shareholders new Prologis shares at a value representing a significant premium to the company's latest market price. Following the rejection, Prologis has appealed directly to shareholders and must decide by July 22 whether to submit a formal offer or withdraw its interest under UK takeover regulations. The proposed deal would have brought together two major players in the global logistics property sector.Read more

27 Jun 2026

Arvind Smartspaces Limited (ASL) has received an upgrade to an AA-/Stable credit rating from India Ratings & Research, reflecting its improved operating scale, steady cash flow generation and disciplined financial management. Announced on June 24, the upgrade follows a year of higher residential sales, stronger customer collections and healthy operating cash flows during FY26. The Ahmedabad-headquartered developer reported booking value of INR 1,550 crore, collections of INR 1,100 crore and operating cash flows of INR 417 crore for the financial year. India Ratings noted that the company has maintained adequate internal cash generation to fund expansion while preserving a balanced financial profile. ASL is also advancing its geographical expansion into the Mumbai Metropolitan Region (MMR), alongside its established presence in Ahmedabad and Bengaluru, to diversify its project portfolio and reduce market concentration.Read more

27 Jun 2026

Bahi Ajman Palace Hotel has secured several accolades at the Hozpitality Group’s Middle East Chef Excellence Awards, F&B Excellence Awards and Leaders Powerlist 2026, recognising the performance of its culinary and food and beverage teams. The hotel received individual honours across leadership, kitchen management, culinary and restaurant service categories, while its signature dining outlet, Dragon’s Place Restaurant, was named Best Dinner Venue of the Year. The awards highlight the property’s efforts to deliver quality dining experiences and strengthen its standing within the UAE hospitality sector. Senior executives and team members were recognised for their contributions to food service operations, culinary innovation and guest experience management across the hotel’s dining portfolio.Read more

26 Jun 2026

The West Bengal government has ordered a temporary halt to under-construction commercial projects across the Kolkata Municipal Corporation (KMC) area until July 31 following the collapse of an under-construction warehouse in Taratala that claimed multiple lives and left several workers injured. The suspension forms part of a wider safety review of projects approved under the previous administration, with authorities directing comprehensive audits of building plans, construction quality and regulatory compliance. The move comes amid concerns over structural safety standards in ongoing developments and is expected to impact commercial real estate activity across Kolkata in the near term. The government has indicated that projects will be allowed to resume only after undergoing scrutiny and meeting prescribed safety requirements.Read more

26 Jun 2026

Singapore-based real estate firm OUE has partnered with Japanese investment company Tokyo Century to acquire the Crowne Plaza Changi Airport hotel for SGD 500 million (USD 385.4 million). The transaction marks the second hospitality collaboration between the two companies at Singapore's Changi Airport. The 575-room hotel, located at Terminal 3 and operated by IHG Hotels & Resorts, will be acquired through an OUE-Tokyo Century joint venture from OUE REIT. The proposed transaction is subject to approvals from Changi Airport Group and OUE REIT unitholders.Read more

26 Jun 2026

Sirius Real Estate has announced the sale of two non-core business park assets in Sheffield, UK, while also expanding its presence in the self-storage segment through the acquisition of three new sites. The company will dispose of the Sheffield properties for GBP 5.3 million, representing a 3% premium to their book value. At the same time, Sirius will invest GBP 12.6 million to acquire and develop three self-storage locations, reflecting its continued focus on portfolio optimisation and growth in sectors with long-term demand potential.Read more

26 Jun 2026

Kenya has signed a KES 154.2 billion (USD 1.2 billion) agreement with China Road and Bridge Corporation to expand Jomo Kenyatta International Airport in Nairobi, marking a major step in the country's aviation infrastructure plans. The project aims to increase the airport's annual passenger handling capacity from 7.5 million to 22 million passengers through the construction of a new terminal and upgrades to existing facilities. The development comes after Kenya scrapped a previous airport expansion agreement with India's Adani Group last year and is part of the country's broader strategy to strengthen its position as a leading aviation hub in East Africa.Read more

26 Jun 2026

London's stock markets saw support from real estate stocks as warehouse landlord Segro rejected a USD 16.6 billion takeover proposal from U.S.-based logistics real estate company Prologis. The move triggered a strong rally in property-related shares, with Segro emerging as the top performer on the FTSE 100. Gains across real estate investment trusts and developers helped lift the FTSE 250 index, while investors also monitored developments in UK politics and expectations around future interest rate decisions. Strong corporate updates from Liontrust, Berkeley Group and Primary Health Properties further supported market sentiment.Read more

25 Jun 2026

Reserve Bank of India (RBI) Governor Sanjay Malhotra has inaugurated the new campus of the Centre for Advanced Financial Research and Learning (CAFRAL) in Mumbai. During the event, the Governor highlighted the importance of continuous learning, professional capacity building and research in addressing the evolving needs of the financial sector. CAFRAL, an institution promoted by the RBI, focuses on research in banking, finance and macroeconomics while also providing leadership development and training programmes for senior financial sector professionals. The institution aims to function as a global centre of excellence supporting policy formulation, knowledge creation and capability enhancement across India’s financial ecosystem.Read more

25 Jun 2026

Primary Health Properties (PHP) is in advanced discussions with an investor regarding a potential joint venture involving its private hospital assets in the UK. The healthcare-focused real estate investment trust (REIT) said the talks are ongoing and there is no certainty that a transaction will be completed or what terms it may involve. The move is part of PHP’s broader effort to unlock long-term value from its private hospital portfolio. The company, which completed its merger with Assura in 2025, currently manages a property portfolio worth around GBP 6 billion across the UK and Ireland.Read more

25 Jun 2026

Chinese property developer Shimao Group has confirmed that lenders have taken control of its Sheraton and Four Points by Sheraton hotels near Hong Kong International Airport and have initiated a sale process for the assets. The move comes after the company completed a USD 11.5 billion offshore debt restructuring last year. Receivers appointed by lenders have engaged Savills to conduct a tender sale, which is expected to conclude by the end of August. Sources said the hotels are being marketed for at least HKD 3 billion against an outstanding loan of nearly HKD 5 billion tied to the properties.Read more

25 Jun 2026

IHG Hotels & Resorts plans to more than triple its presence in India over the next five years, backed by a pipeline of 80 hotels and sustained signing momentum. The company views India as one of its most important growth markets, supported by rising travel demand, favourable demographics and increasing owner interest in branded hospitality assets. Alongside expanding established brands, IHG is introducing new offerings across luxury, premium and midscale segments. The strategy reflects growing confidence in India's hospitality sector and the country's emergence as a key destination for domestic and international travel.Read more

25 Jun 2026

Public Storage has announced its entry into the Canadian market through the acquisition of Public Storage Canada in a stock-and-cash transaction valued at approximately USD 1.2 billion. The deal brings together two businesses operating under the same brand but managed separately for years. The acquisition follows the company's recent agreement to acquire National Storage Affiliates and reflects a broader consolidation trend across the self-storage industry. The transaction will strengthen Public Storage's North American presence while providing access to a growing Canadian self-storage market. The deal is expected to be completed in the second half of 2026.Read more

25 Jun 2026

Manglam Group has announced plans to invest around INR 350 crore in a new hospitality project in Jaipur, strengthening its presence in the city's growing hotel market. The company has partnered with Marriott International to bring the Sheraton brand to the project, which will be developed on the Jaipur–Ajmer highway. Spread across more than 3 lakh sq ft, the hotel will feature 220 rooms. The development reflects continued investor interest in Jaipur’s hospitality sector, driven by tourism growth, business travel, and rising demand for branded hotel properties.Read more

25 Jun 2026

National Healthcare Properties Inc. has announced the final results of its self-tender offers for its Series A and Series B preferred stock. The company disclosed the outcome after the completion of the tender process, under which eligible shareholders were given an opportunity to tender their preferred shares back to the company. Self-tender offers are typically undertaken to manage capital structure, improve financial flexibility, or address outstanding preferred equity obligations. The announcement marks the conclusion of the tender process and provides clarity to preferred shareholders regarding the acceptance of shares under the offers.Read more

25 Jun 2026

ITC Properties Group Ltd has projected a net loss attributable to owners of not more than HKD 550 million for FY2026. The Hong Kong-based property company indicated that losses from its commercial property segment are expected to be lower than those recorded in FY2025, suggesting some improvement in operating conditions. Despite the anticipated reduction in losses from the commercial property business, the group expects to remain in the red for the financial year. The update provides an early indication of the company's performance as it continues to navigate challenges in the property market.Read more

25 Jun 2026

View United Real Estate Development Company has announced its intention to issue Saudi riyal-denominated sukuk through Sukuk Capital Company as part of its funding strategy. The offering is valued at SAR 10 million and will be issued in installments. The company said the proceeds are intended to support its operational requirements and ongoing project activities. The planned issuance reflects the growing use of sukuk by real estate developers in Saudi Arabia to diversify funding sources, strengthen liquidity, and secure capital for project execution amid continued development activity across the Kingdom.Read more

25 Jun 2026

Indian Hotels Company Limited (IHCL) has signed a 30-key Tree of Life resort at Chilika Lake in Odisha, marking the hospitality brand’s entry into the state through a greenfield development project. The company said the signing aligns with its strategy of expanding into experiential travel destinations. Separately, Quess Corp announced a strategic collaboration with Institution for a Global Society (IGS) and Indo-Pacific Advisory (IPA) to establish an Indo-Japan Global Capability Centre (GCC) corridor. The initiative aims to assist Japanese companies in setting up and expanding operations in India while creating skilled employment opportunities across high-growth sectors.Read more