49 minutes ago

Besqab has completed sales at its Hertha residential development in Danderyd after selling the final apartment in the 76-unit project. The project, located at Invernesshöjden, was completed on schedule and marks another milestone for the Swedish residential developer. The apartments were designed with long-term letting rights, attracting a broader buyer base, including parents purchasing homes for future family use. The sell-out follows a series of project completions and launches by Besqab as the company continues to expand its residential portfolio across Sweden.Read more

2 hours ago

Vistry, the UK's largest affordable housing builder, expects to post a pre-tax loss of GBP 30 million (USD 40.06 million) for the first half of FY2026 as it continues to deal with weak housing demand and a slower construction pace. The company also announced that Chief Financial Officer Tim Lawlor will leave later this year to join a privately owned business in another sector. Despite the expected first-half loss, Vistry has maintained its full-year adjusted profit guidance of GBP 200 million, in line with market expectations, while continuing a strategic review under its new CEO.Read more

5 hours ago

Indonesia's sovereign wealth fund Danantara has started construction of its first waste-to-energy plant in Bali, marking a key step in its clean energy and waste management plans. The facility will process 1,500 metric tons of waste every day and is expected to attract an investment of around IDR 3 trillion (USD 166.62 million). The project is scheduled to begin operations in the first half of 2028 and forms part of Danantara's broader plan to develop similar facilities in 33 cities across Indonesia to address growing waste management challenges.Read more

6 hours ago

MasTec has announced plans to acquire electrical contractor Superior Group in a USD 1.65 billion cash-and-stock deal to expand its presence in the rapidly growing data centre infrastructure market. The acquisition will strengthen MasTec's electrical systems capabilities as demand for AI-driven digital infrastructure continues to rise. The company expects the transaction to boost both revenue and profitability, with Superior projected to contribute significantly to financial performance during the remainder of 2026. The deal is expected to close by mid- to late-July, subject to customary closing conditions.Read more

12 hours ago

Swedish real estate company Wallenstam reported higher profit for the first half of the year, supported by gains in the value of its investment properties despite flat rental income. The company maintained a strong occupancy rate of 97% and achieved a 91% commercial lease renewal rate, reflecting stable tenant demand. Wallenstam also increased investments in new construction and reconstruction projects while maintaining a strong financial position. The company said it expects continued progress across its property portfolio and development projects during the remainder of the year.Read more

14 hours ago

Chongqing Construction Engineering Group has announced that one of its subsidiaries, as part of a consortium, has secured a construction project valued at approximately CNY 1.1 billion (around USD 161.86 million). The latest contract adds to the company's order book and reflects its continued participation in large-scale infrastructure and construction projects in China. The company has regularly won major engineering contracts through its subsidiaries and consortium partnerships, supporting its execution pipeline and strengthening its presence in the country's construction sector.Read more

15 hours ago

Swiss healthcare real estate company Infracore has announced a market capitalisation of CHF 826 million (around USD 1 billion) ahead of its stock market debut in Zurich. The valuation is based on a fixed offer price of CHF 54 per share, with about 27.5% of the company's shares available for public trading. The listing marks a key milestone for Infracore as it enters the public market, while maintaining a majority of its shares with existing shareholders. The company operates in Switzerland's healthcare real estate sector.Read more

16 hours ago

Frasers Property has announced plans to divest five assets in Australia through a proposed transaction valued at AUD 288.6 million (SGD 258.4 million). The move forms part of the company's ongoing portfolio management strategy as it continues to optimise its asset base and recycle capital. Frasers Property has regularly undertaken similar transactions across its global markets to strengthen its balance sheet and support future investments. The company has not disclosed additional details on the assets involved or the prospective buyer in its initial announcement.Read more

09 Jul 2026

Yuexiu Property has announced that one of its subsidiaries will acquire a 70.3% effective interest in Hangzhou Binfeng Real Estate Development as part of its ongoing expansion strategy. The total consideration for the transaction includes an equity payment of RMB 363.6 million along with other components. The acquisition is expected to strengthen the company's presence in Hangzhou, one of China's key property markets. Yuexiu Property has continued to pursue selective investments in high-potential projects while maintaining its focus on expanding its development portfolio.Read more

09 Jul 2026

Swedish Logistic Property (SLP) has announced the development of a new 5,000 square metre logistics facility in Eskilstuna after acquiring land in the Eskilstuna Logistics Park from the Municipality of Eskilstuna. The company has already secured a 12-year lease agreement for the upcoming property, providing long-term occupancy visibility. The project is expected to generate an annual rental value of around SEK 6.5 million, with the tenant scheduled to take occupancy at the beginning of the fourth quarter of 2027. The development is part of SLP's strategy to expand its logistics property portfolio.Read more