05 Jul 2026

Myanmar's government is preparing to restart the long-delayed Myitsone hydropower project in Kachin State, with construction expected to be completed in around eight years. Backed by China, the USD 3.6 billion project has remained suspended since 2011 due to public opposition over environmental and social concerns. Officials say fresh assessments and modern technology will help address safety and displacement issues, while civil society groups continue to oppose the project. The dam's revival comes as Myanmar seeks to address its electricity shortage and strengthen economic ties with China.Read more

05 Jul 2026

House prices in the UK remained unchanged on a monthly basis in June, while annual growth slowed slightly below market expectations, according to Nationwide Building Society. The housing market continued to feel the impact of higher mortgage costs and economic uncertainty linked to the Middle East conflict. However, easing expectations of further interest rate hikes by the Bank of England have improved the outlook for affordability. Although mortgage approvals declined in May, lower borrowing cost expectations and government efforts to boost housing supply could support housing market activity in the coming months.Read more

05 Jul 2026

Cairo for Housing and Development reported a consolidated net profit attributable to shareholders of EGP 415.4 million for the first quarter of 2026. The company also posted consolidated revenue of EGP 88.1 million during the quarter. The latest financial results reflect the company's performance at the start of the year, although it did not disclose comparative figures or provide further details on the factors behind the earnings. The company operates in Egypt's real estate sector, which has continued to witness steady development activity despite broader economic challenges.Read more

04 Jul 2026

Cross-border real estate investment platform Raveum has introduced a fractional investment opportunity allowing Indian investors to participate in pre-vetted US commercial real estate with a minimum investment of USD 1,000. The launch comes amid continued depreciation of the Indian rupee, which touched a record low of nearly INR 97 against the US dollar in the past month. The platform aims to provide retail investors with access to dollar-denominated real estate assets through fractional ownership while facilitating property selection, remittance, taxation and regulatory compliance under India's Liberalised Remittance Scheme (LRS). The offering seeks to broaden access to an asset class traditionally dominated by institutional and high-net-worth investors.Read more

04 Jul 2026

CTP has expanded its logistics portfolio by opening an 11,500 sqm distribution centre at CTPark Ceska Lípa in the Czech Republic for Saint-Gobain’s Sekurit Service. The new facility will serve as a central hub for distributing replacement auto glass across Europe, helping improve delivery efficiency and reduce supply times. The development strengthens CTP's presence in the European logistics real estate market while supporting Saint-Gobain's supply chain with better connectivity to manufacturing sites, warehouses and key automotive markets across the region.Read more

04 Jul 2026

Segro has announced a 50:50 joint venture with an international investor to develop and operate three logistics parks along the UK's M1 motorway corridor. The partnership has a projected fully developed gross asset value of around GBP 3 billion. Segro will contribute logistics parks in Radlett, Coventry and Northampton to the venture. The announcement comes soon after the company rejected a GBP 12.6 billion takeover approach from U.S.-based logistics developer Prologis. Once completed by 2030, the project is expected to significantly expand warehouse space and rental income across the three sites.Read more

04 Jul 2026

Abu Dhabi's residential real estate market recorded strong growth during the first half of 2026, with the value of apartment and villa sales rising 173.9% year-on-year to AED 84.49 billion, while transaction volumes increased 103% to 16,585 deals, according to property intelligence platform ADXinteract. Off-plan properties accounted for 78% of all transactions, with residential prices continuing to rise across the emirate. Al Reem Island, Al Hudayriyat, Yas Island and Al Saadiyat Island remained the most active markets, collectively contributing nearly two-thirds of the total transaction value. The report also highlighted a healthy absorption rate across projects currently under development.Read more

04 Jul 2026

AI-based property technology startup MiMove has secured EUR 450,000 (approximately SEK 5 million) in an oversubscribed investment round to support its expansion across Southern Europe. The funding, backed by a group of investors and venture accelerator Hetch, will be used to strengthen the company's sales operations, accelerate market expansion and prepare for a larger fundraising round. Founded with operations in Marbella and Sweden, MiMove uses an AI-driven property search platform to connect international homebuyers with local real estate agents. The company currently serves 260 estate agencies representing nearly 100,000 residential properties across Spain and Portugal, where demand from overseas buyers continues to grow.Read more

04 Jul 2026

Coral Beach Resort Sharjah has received multiple honours at the Hozpitality Group's Middle East Chef Excellence Awards, F&B Excellence Awards and Leaders Powerlist 2026. The resort's beachfront dining venue, Casa Samak Seafood Restaurant, was recognised as the Best Sunset Spot of the Year, acknowledging its seaside location, seafood offerings and dining experience overlooking the Arabian Gulf. Several members of the resort's culinary and food and beverage teams also received individual accolades across leadership and service categories. The awards highlight the resort's hospitality and dining operations, recognising both its signature restaurant and the contributions of its staff.Read more

03 Jul 2026

Skanska has secured a contract worth EUR 29 million (around SEK 310 million) to construct a new business facility for Garmin in Jyväskylä, Finland. The project will be included in the company's Nordic order bookings for the third quarter of 2026, further strengthening Skanska's presence in Finland's commercial construction market. The contract adds to the company's recent portfolio of technology and business infrastructure projects across the Nordic region. While detailed specifications of the facility have not been disclosed, the development reflects continued investment in modern business infrastructure in Finland.Read more