27 Jun 2026

fäm Properties has facilitated the sale of approximately 40,000 sq ft of Grade A office space at Vision Tower in Business Bay, Dubai, for AED 124 million. The transaction, described by the company as the largest commercial office deal of its kind recorded in Dubai, involved the acquisition of a contiguous block of office space spread across multiple floors by a UAE-based company. The purchase forms part of the buyer’s expansion strategy and highlights continued demand for premium office assets in established business districts. The deal also reflects sustained occupier and investor interest in institutional-grade commercial properties amid ongoing activity across Dubai’s key office markets.Read more

27 Jun 2026

Warehouse developer and landlord Segro has rejected an all-share takeover proposal from U.S.-based logistics real estate company Prologis that valued the UK firm at approximately GBP 12.6 billion (USD 16.62 billion). The proposal offered Segro shareholders new Prologis shares at a value representing a significant premium to the company's latest market price. Following the rejection, Prologis has appealed directly to shareholders and must decide by July 22 whether to submit a formal offer or withdraw its interest under UK takeover regulations. The proposed deal would have brought together two major players in the global logistics property sector.Read more

27 Jun 2026

Spain is witnessing growing demand for luxury homes from wealthy buyers in Poland, the United States and Gulf countries, as geopolitical tensions and political uncertainty encourage investors to seek stable destinations. Industry experts say conflicts in Ukraine and the Middle East, along with developments in U.S. politics, are influencing purchasing decisions. Madrid and Costa del Sol have emerged as key destinations, while rising property values, tax advantages in some regions and Spain's stable economic environment are further supporting demand. The trend is also contributing to higher housing prices in popular markets.Read more

27 Jun 2026

Consumer confidence in homeownership in the United States has improved, with a majority of respondents now preferring to buy a home rather than rent or live with family. According to Bank of America's latest Homebuyer Insights Report, this is the first time since 2023 that sentiment has shifted in favor of homeownership. While affordability challenges, elevated mortgage rates and limited housing supply continue to affect the housing market, prospective buyers appear increasingly willing to move ahead with purchase plans. Younger generations, particularly Gen Z and millennials, are driving this change in outlook.Read more

27 Jun 2026

Bahi Ajman Palace Hotel has secured several accolades at the Hozpitality Group’s Middle East Chef Excellence Awards, F&B Excellence Awards and Leaders Powerlist 2026, recognising the performance of its culinary and food and beverage teams. The hotel received individual honours across leadership, kitchen management, culinary and restaurant service categories, while its signature dining outlet, Dragon’s Place Restaurant, was named Best Dinner Venue of the Year. The awards highlight the property’s efforts to deliver quality dining experiences and strengthen its standing within the UAE hospitality sector. Senior executives and team members were recognised for their contributions to food service operations, culinary innovation and guest experience management across the hotel’s dining portfolio.Read more

26 Jun 2026

Singapore-based real estate firm OUE has partnered with Japanese investment company Tokyo Century to acquire the Crowne Plaza Changi Airport hotel for SGD 500 million (USD 385.4 million). The transaction marks the second hospitality collaboration between the two companies at Singapore's Changi Airport. The 575-room hotel, located at Terminal 3 and operated by IHG Hotels & Resorts, will be acquired through an OUE-Tokyo Century joint venture from OUE REIT. The proposed transaction is subject to approvals from Changi Airport Group and OUE REIT unitholders.Read more

26 Jun 2026

At least 235 people have died and around 4,300 have been injured after twin earthquakes measuring 7.2 and 7.5 struck northern Venezuela in the past week. The latest official toll marks a sharp rise from an earlier estimate of 164 deaths and 971 injuries as rescue operations continue. The earthquakes caused widespread damage to homes, hospitals, transport infrastructure and public utilities, prompting a state of emergency, a USD 200 million reconstruction fund and an international humanitarian response.Read more

26 Jun 2026

Swedish green steel startup Stegra has completed a EUR 1.4 billion (USD 1.59 billion) financing round led by a consortium backed by Sweden’s Wallenberg family. The funding marks a major milestone for the company as it moves ahead with the construction of Europe’s first hydrogen-based steel factory. The financing package received full support from both new and existing investors, along with unanimous approval from Stegra’s lender group. The development comes at a time when several green steel projects across Europe are facing delays or scale-backs due to rising costs and challenges associated with green hydrogen production.Read more

26 Jun 2026

Sirius Real Estate has announced the sale of two non-core business park assets in Sheffield, UK, while also expanding its presence in the self-storage segment through the acquisition of three new sites. The company will dispose of the Sheffield properties for GBP 5.3 million, representing a 3% premium to their book value. At the same time, Sirius will invest GBP 12.6 million to acquire and develop three self-storage locations, reflecting its continued focus on portfolio optimisation and growth in sectors with long-term demand potential.Read more

26 Jun 2026

Kenya has signed a KES 154.2 billion (USD 1.2 billion) agreement with China Road and Bridge Corporation to expand Jomo Kenyatta International Airport in Nairobi, marking a major step in the country's aviation infrastructure plans. The project aims to increase the airport's annual passenger handling capacity from 7.5 million to 22 million passengers through the construction of a new terminal and upgrades to existing facilities. The development comes after Kenya scrapped a previous airport expansion agreement with India's Adani Group last year and is part of the country's broader strategy to strengthen its position as a leading aviation hub in East Africa.Read more