57 minutes ago

Terreno Realty Corporation has acquired an industrial property in Redmond, Washington, for approximately USD 8 million as it continues to expand its industrial real estate portfolio across major coastal US markets. The property comprises a 21,000-square-foot distribution building on 1.5 acres and is located next to an existing Terreno property on Seattle’s Eastside. The vacant facility has five grade-level loading positions and parking for 56 vehicles. Terreno expects the property to have a stabilised capitalisation rate of 5.9 per cent once occupancy reaches market levels.Read more

2 hours ago

Swedish construction company Skanska has secured a contract worth about USD 1.2 billion to build four data centres in the southeastern United States for an existing client. The facilities will have a combined area of around 75,000 square metres, or 808,000 square feet. Skanska’s work will cover the building shells and interior fit-outs for technical spaces, support areas and offices. Construction is scheduled to begin in the third quarter of 2026 and is expected to be completed in the third quarter of 2028. The company has not disclosed the exact locations or the identity of the client.Read more

7 hours ago

A US federal appeals court has upheld a more than USD 1 billion settlement resolving antitrust claims that real estate brokerages conspired to inflate agents’ commissions. The 8th US Circuit Court of Appeals rejected objections from home buyers and sellers who argued that the settlement unfairly released their claims. The settlement covers tens of millions of class members and includes USD 418 million from the National Association of Realtors, USD 250 million from HomeServices of America and USD 333 million in legal fees. The decision also keeps in place changes to long-standing rules governing real estate agent commissions.Read more

23 Aug 2026

Chinese construction companies and Chinese-led joint ventures have secured a strong presence on the shortlist for Ethiopia Airlines’ planned new airport near Addis Ababa. Of the 33 shortlisted entries, 15 include Chinese firms or Chinese-led partnerships. The airport is expected to cost around USD 12.5 billion and could eventually handle up to 110 million passengers a year. The project includes a four-runway airport, terminal, support facilities and road links. Bidders will now move to the tender stage, with the facility expected to be completed by 2030 and supported partly through financing arranged by the African Development Bank.Read more

23 Aug 2026

Uganda is seeking to borrow up to EUR 207.7 million, or about USD 242.55 million, from Citibank to help finance the construction of a major road in the eastern part of the country. The project is expected to improve connectivity and provide an alternative transport route between northern and southern Uganda. The proposed borrowing comes as the country faces rising public debt and a growing interest burden. The IMF expects Uganda’s debt-to-GDP ratio to increase to 55.5% in the current fiscal year and approach 60% by 2030/31.Read more

23 Aug 2026

UAE-based developer Arada is expanding its Australian operations into Queensland with an AED 5 billion twin-tower residential project in Broadbeach on the Gold Coast. The development will be Arada’s first project outside New South Wales and will comprise close to 1,000 homes. Construction will be undertaken by Roberts Co, Arada’s Australian construction subsidiary. The project is planned for completion before the 2032 Olympic and Paralympic Games in Brisbane. The expansion follows Arada’s entry into Australia in 2024 and its acquisition of Roberts Co, supporting its plans to build a larger residential development pipeline across the country.Read more

22 Aug 2026

The UK's revised GDP estimates for 2023 and 2024 include major changes to the way property rents and housing services are measured. The Office for National Statistics said updated calculations for imputed rent paid by homeowners and quality adjustments for rented properties contributed to higher GDP estimates in recent years. The revisions put the value of the UK economy in 2024 at £2.905 trillion, or around USD 3.96 trillion, 0.5% above the previous estimate. GDP growth for 2024 has also been revised to 1.1%, while cumulative growth since 1997 is now estimated at 61.7%.Read more

22 Aug 2026

Australian shares moved slightly lower as technology and real estate stocks came under pressure, offsetting gains in the energy sector. The S&P/ASX 200 declined 0.2%, with technology stocks recording the sharpest fall among major sectors. Real estate stocks also slipped to their lowest level since mid-April. The market was also responding to weaker employment data, which reduced expectations of another interest rate hike but did not provide much support to retail spending or home-loan demand. Energy stocks continued their recent gains, while mining stocks were affected by weaker iron ore and copper prices.Read more

22 Aug 2026

Larsen & Toubro (L&T), in consortium with Japan's Mitsubishi Heavy Industries (MHI), has secured a large order to design and build an automated people mover (APM) system for Phase 1 of Al Maktoum International Airport in Dubai. L&T said the order falls in the INR 2,500 crore to INR 5,000 crore category. The contract covers the design, construction, supply, testing, commissioning and operational readiness of the fully integrated, driverless mass transit system and its associated infrastructure. The airport, once fully developed, is planned to handle up to 260 million passengers and 12 million tonnes of freight annually.Read more

22 Aug 2026

Malaysia is positioned to benefit from Southeast Asia’s shift towards structural economic and real estate growth, driven by supply-chain diversification, geopolitical fragmentation and rising investment in digital infrastructure, according to JLL’s latest research report, Planning for a Multipolar World: Southeast Asia – Poised for Growth. The report highlights the Johor-Singapore Special Economic Zone, Johor’s expanding data-centre ecosystem, Penang’s Silicon Island and Greater Kuala Lumpur’s expanding connectivity as key areas of opportunity. JLL said Malaysia’s established business framework, skilled workforce, utilities infrastructure, investor protections and incentives could support international investment. The report also identifies industrial and logistics platforms, data centres, asset repositioning and cross-border corridors as key opportunities, while emphasising that investors will need to adopt a selective, corridor-focused approach rather than relying on broad regional exposure.Read more