25 Jun 2026

Viva Energy expects its Geelong refinery in Australia to return to more than 90% of normal operating capacity this week following repairs to a key processing unit damaged in a fire earlier this year. While production is set to recover, the refinery's alkylation unit remains offline and is expected to stay out of service through 2027. The outage is likely to affect the refinery's ability to convert LPG into gasoline, impacting refining margins. Investors reacted negatively to the update, with the company's shares declining during trading.Read more

25 Jun 2026

ITC Properties Group Ltd has projected a net loss attributable to owners of not more than HKD 550 million for FY2026. The Hong Kong-based property company indicated that losses from its commercial property segment are expected to be lower than those recorded in FY2025, suggesting some improvement in operating conditions. Despite the anticipated reduction in losses from the commercial property business, the group expects to remain in the red for the financial year. The update provides an early indication of the company's performance as it continues to navigate challenges in the property market.Read more

25 Jun 2026

View United Real Estate Development Company has announced its intention to issue Saudi riyal-denominated sukuk through Sukuk Capital Company as part of its funding strategy. The offering is valued at SAR 10 million and will be issued in installments. The company said the proceeds are intended to support its operational requirements and ongoing project activities. The planned issuance reflects the growing use of sukuk by real estate developers in Saudi Arabia to diversify funding sources, strengthen liquidity, and secure capital for project execution amid continued development activity across the Kingdom.Read more

25 Jun 2026

Australia’s housing market is showing signs of a significant shift after the government announced major tax reforms aimed at improving housing affordability for first-home buyers. Auction clearance rates have dropped to their lowest levels since the pandemic, while property investors are reassessing expansion plans amid concerns over falling property values. The reforms include the removal of capital gains tax concessions and restrictions on negative gearing for existing housing from July 2027. Market analysts expect house prices in major cities such as Sydney and Melbourne to decline further, raising questions about whether the downturn is a temporary correction or the beginning of a longer structural change.Read more

25 Jun 2026

Building materials group CRH has agreed to acquire US-based infrastructure products and construction materials company Arcosa in an all-cash transaction valued at approximately USD 8.5 billion. Announced in the past week, the deal will see CRH pay USD 150 per share, representing a premium to Arcosa’s recent trading levels. The acquisition strengthens CRH’s position in the North American infrastructure and aggregates market while expanding its exposure to energy transmission, utility infrastructure and data centre-related development. Headquartered in Dallas, Arcosa operates a substantial network of quarries, asphalt plants and terminals across the United States and supplies critical infrastructure products for power transmission projects. Subject to shareholder and regulatory approvals, the transaction is expected to close during the first quarter of 2027 and is projected to generate cost synergies over the following three years.Read more

24 Jun 2026

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

24 Jun 2026

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

24 Jun 2026

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

24 Jun 2026

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

24 Jun 2026

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