2 minutes ago

Heriot REIT Ltd has announced plans to acquire a 75% interest in Katleho Property Investments Proprietary Limited (KPI) in a transaction valued at INR 128.9 million. The acquisition will be settled through the issuance of approximately 5.6 million ordinary shares by Heriot REIT at a price of INR 23.00 per share. The company has also distributed a circular to shareholders in accordance with Section 60 of the Companies Act. The proposed deal forms part of Heriot REIT’s ongoing portfolio and investment strategy and remains subject to the relevant corporate processes.Read more

2 hours ago

Prisma Properties has completed a land swap agreement with the municipality of Uppsala, paving the way for a new Lidl store development in the Gränby area. The company has also secured a 10-year lease agreement with Lidl for the upcoming store, providing long-term occupancy for the project. The transaction forms part of Prisma Properties' retail-focused development strategy and strengthens its presence in Sweden's growing commercial real estate market. The development is expected to contribute to the expansion of retail infrastructure in Uppsala while supporting continued demand from major grocery operators.Read more

5 hours ago

RL Commercial REIT (RCR) has approved a property-for-share swap transaction with its sponsor, Robinsons Land Corporation, involving six mall assets valued at PHP 10.62 billion. Under the deal, Robinsons Land will subscribe to 1.29 billion new common shares of the REIT at PHP 8.25 per share. The transaction is expected to expand RL Commercial REIT's asset portfolio and strengthen its retail property exposure. In a separate development, Sweden-based Prisma Properties completed a land swap in Uppsala and secured a long-term lease agreement with Lidl for a new retail store in the Gränby area.Read more

6 hours ago

Russia’s residential real estate sector is facing mounting pressure as the withdrawal of state-backed mortgage subsidies and elevated borrowing costs weigh on developers and homebuyers alike. The slowdown has led to delays in housing deliveries, rising financial stress among builders, and growing frustration among buyers waiting for possession of their homes. The situation is evident at Moscow’s Ostafyevo housing project, where several purchasers have taken legal action against developer Samolet over repeated delays. The broader downturn is also affecting Russia’s economy, with construction activity weakening despite continued launches of new housing projects.Read more

7 hours ago

Uganda has secured approval for a EUR 650.7 million loan from the Islamic Development Bank (IsDB) to support the development of its standard gauge railway project. The railway, valued at EUR 2.7 billion, is a key infrastructure initiative aimed at improving regional connectivity and trade. The project has already attracted support from international lenders, including the World Bank and the African Development Bank. Once completed, the railway will connect Uganda to Kenya’s rail network and provide access to the Port of Mombasa, a critical gateway for the country's imports and exports.Read more

10 hours ago

PLDT Inc. has announced plans to launch what could become the Philippines’ first real estate investment trust (REIT) backed by digital infrastructure assets. Through its subsidiary VITRO Inc., the company aims to raise up to PHP 24.20 billion (USD 398.70 million) via an initial public offering. The proposed REIT will be supported by a portfolio of eight operational data centres across the country. The proceeds are expected to support debt repayment and other corporate requirements, while also highlighting the growing importance of data centre infrastructure in the Philippines' expanding digital economy.Read more

11 hours ago

Egypt-based Midar and UAE developer Majid Al Futtaim have entered into a strategic partnership to develop a large-scale mixed-use project in Cairo with an investment of USD 3.1 billion. The development will span 553 feddans, or about 574 acres, and include residential, commercial and tourism components. According to Midar, the project is expected to generate between 200 billion and 250 billion Egyptian pounds in revenue over the next 15 to 20 years. The agreement reflects continued investor confidence in Egypt’s urban development sector and the growing role of regional partnerships in large-scale real estate projects.Read more

17 hours ago

Social Housing REIT has officially rebranded as Living REIT, with the name change taking effect on June 19. The company is scheduled to begin trading under its new name on the London Stock Exchange from June 23 and plans to change its ticker symbol from SOHO to LIVE after July 8. The move marks a corporate identity update for the UK-listed real estate investment trust, which has earlier focused on social and supported housing assets. The company has not announced any changes to its business operations, investment strategy, or portfolio as part of the rebranding.Read more

23 Jun 2026

The United States has completed its largest clean energy infrastructure project with the commissioning of the USD 11 billion SunZia wind and transmission project spanning New Mexico and Arizona. Developed over nearly 18 years, the project combines a 3,650-megawatt wind farm with a 550-mile transmission line capable of supplying electricity to around one million homes. The project comes at a time when renewable energy developers are facing a more challenging permitting environment in the country. Industry leaders and policymakers have highlighted SunZia as an example of the need for faster approval processes to support rising electricity demand and future economic growth.Read more

23 Jun 2026

Waymo, the self-driving vehicle division of Alphabet, has recalled nearly 3,900 robotaxis across the United States after identifying a software issue that could allow vehicles to enter closed freeway construction zones. The recall follows multiple incidents in California and Arizona where autonomous vehicles failed to recognize ramp closure signs and proceeded into active work areas. The company has already updated its software and temporarily restricted freeway operations while implementing improvements. The development comes shortly after another recall linked to flooded-road navigation and amid ongoing regulatory scrutiny of Waymo's autonomous driving technology.Read more