24 Aug 2025

Lowe's has confirmed an agreement to acquire Foundation Building Materials in a USD 8.8 billion deal, continuing its focus on professional builders and contractors. The distributor operates more than 370 outlets across North America and supplies around 40,000 pro customers. This follows Lowe's acquisition of Artisan Design Group earlier this year and reflects its broader "Total Home" strategy. With the new deal, Lowe's has raised its full-year sales outlook and reported stronger-than-expected quarterly earnings, signaling a deeper push into the professional construction segment.Read more

23 Aug 2025

Geberit posted a decline in its second-quarter profit as weak construction activity in Europe continued to affect its performance. The Swiss building materials supplier reported a 2.3% fall in quarterly EBITDA, slightly below analyst estimates. Renovation demand, however, remained stable and now accounts for nearly 60% of sales. While new build activity slowed across Europe and demand in China's housing market weakened, business in India and the Gulf stayed firm. Geberit continues to expect around 4% growth in net sales in local currencies and an EBITDA margin close to 29% for 2025.Read more

19 Aug 2025

Dubai's property market has witnessed a marked shift in investor profiles, with younger buyers under 35 taking a growing share of transactions in recent years. Attracted by tax-free benefits, relatively low entry costs, and advanced digital platforms, these investors are prioritising flexibility, mobility, and lifestyle integration. Many are seeking not just profit but the ability to manage assets remotely while combining investment with personal use. This trend highlights a new approach where digital ecosystems and accessible ownership models redefine property investment.Read more

15 Aug 2025

Deutsche Pfandbriefbank (PBB), a prominent German property financier, has reported a substantial net loss of EUR 266 million (approximately USD 310.79 million) for the second quarter, a significant decline from the EUR 11 million profit recorded in the same period the previous year. This downturn is attributed to increased risk provisions as the bank withdraws from the U.S. market, a decision influenced by perceived volatility under President Donald Trump's administration. The bank's exposure to the U.S. market, which constituted 12% of its portfolio but accounted for 45% of its non-performing loans, has been a contributing factor to its financial challenges.Read more

13 Aug 2025

China Evergrande Group will be delisted from the Hong Kong stock exchange on August 25, 2025, following a January 2024 liquidation order after failing to restructure over USD 300 billion in debt. Trading in its shares had been suspended for 18 months, breaching exchange rules, leaving shareholders facing near-total losses. Once China's largest developer by sales, Evergrande's collapse epitomises the property sector downturn triggered by a 2020 crackdown on excessive borrowing. Founder Hui Ka Yan has been detained, and the firm and its auditors fined for misconduct. With liquidators expecting only modest asset recoveries, the delisting closes a turbulent chapter in China's housing crisis.Read more

11 Aug 2025

It emerged that Country Garden, the Chinese property developer, managed to secure a deferral from the Hong Kong High Court, postponing its liquidation hearing until early next year. The hearing had been scheduled for this month but has now been pushed to early 2026, giving the firm a valuable window to pursue creditor backing for a sweeping offshore debt restructuring. The proposal aims to cut around USD 14.1 billion of liabilities by roughly 78 per cent, and winning sufficient support remains crucial to persuading the court to dismiss the petition.Read more

11 Aug 2025

Chennai-based DRA Group has entered into a strategic joint venture with the Philippines-based Balajadia Family Office to develop a large-scale commercial and retail project in India. The collaboration, sealed during the Philippines-India Business Forum in Bengaluru, will see the development of one million square feet of Grade-A space in the first phase. The project is being launched with an estimated investment of USD 100 million and will be carried out through a specially created SPV platform.Read more

08 Aug 2025

Emaar Properties, one of Dubai's most prominent real estate developers, recorded a notable increase in net profit during the first half of the year, supported by a sharp surge in property sales and a significantly expanded project backlog. The firm continues to benefit from the strength of Dubai's residential market, which remains resilient due to consistent demand from both international investors and regional end-users. Emaar's diverse operations across hospitality, retail, and overseas markets further contribute to its sustained performance.Read more

08 Aug 2025

The Durst Organization has secured a major commercial mortgage-backed securities loan to support its One Five One office tower in Times Square. The financing, jointly led by Wells Fargo, JPMorgan, and Bank of America, will fund tenant upgrades and capital improvements. Legal counsel described the deal as a turning point for New York's office market, reflecting a growing appetite for premium, well-amenitised properties in the post-pandemic era. New tenants such as TikTok and Nasdaq mark a strong repositioning of the asset.Read more

07 Aug 2025

CapitaLand Integrated Commercial Trust (CICT) will acquire full ownership of the office and retail portions of CapitaSpring in Singapore's Raffles Place, buying out CapitaLand Development's 45% and Mitsubishi Estate's 10% stakes. Valued at SGD 482.3 million, the deal totals around SGD 1.05 billion and will be funded through a SGD 500 million private placement. With this move, CICT's Singapore exposure rises to 95%, and distribution per unit is expected to increase by 1.1% (pro forma). CapitaSpring-a 51-storey tower with premium offices and retail-boasts high occupancy, particularly from banking, legal, and tech tenants. The acquisition supports CICT's strategy to grow via high-quality, local assets.Read more