24 Jun 2026

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

24 Jun 2026

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

24 Jun 2026

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

23 Jun 2026

PPHE Hotel Group has said that a potential takeover approach from Fattal Hotel Group can no longer move forward after its largest shareholder, Euro Plaza Holdings, opposed the proposal. The development effectively blocks the possibility of a deal, given Euro Plaza’s significant influence in the company. PPHE, which owns and operates hotels across Europe under brands including Park Plaza and art’otel, indicated that the indicative approach was no longer deliverable. The announcement brings uncertainty to any near-term acquisition plans involving the hospitality real estate company.Read more

23 Jun 2026

The wealth division of Morningstar has entered into a partnership with major asset managers including Apollo Global Management, Franklin Templeton, and J.P. Morgan Asset Management to create investment portfolios that combine exposure to both public and private markets for retail investors. The strategy aims to widen access to private credit and real estate through interval funds. The launch is planned for later this year, with allocations in private assets expected to form a smaller but structured portion of diversified models.Read more

23 Jun 2026

Swedish real estate company Logistea has expanded its logistics portfolio with the acquisition of an airside logistics property in Turku, Finland. The asset has an underlying property value of SEK 114 million and generates annual rental income of approximately SEK 10.6 million. Global logistics companies FedEx and DHL account for around 90% of the property's rental income, providing a strong tenant base. The acquisition aligns with Logistea's strategy of strengthening its presence in the Nordic logistics real estate market through assets backed by long-term demand from major logistics and distribution operators.Read more

23 Jun 2026

Saudi Aramco is evaluating the sale of stakes in several infrastructure assets as part of a broader effort to raise substantial capital and support Saudi Arabia’s economic diversification plans. Among the assets under review are sulphur storage and export facilities, oil export terminals, real estate holdings, water infrastructure and power assets. Sources indicated that the potential fundraising pipeline could be worth around USD 50 billion. The move comes as Aramco continues to seek operational efficiencies, lower costs and attract external investment while advancing major projects such as the USD 100 billion Jafurah gas development.Read more

23 Jun 2026

Germany's housing market showed further signs of improvement as apartment building permits increased by 9.2% in April compared with the same period last year. According to official data, permits for 20,200 apartments were approved during the month, marking an increase of 1,700 units year-on-year. The rise continues a trend of improving permit activity seen in recent months and points to a gradual recovery in future construction activity. However, industry representatives cautioned that the sector remains under pressure, noting that permit levels are still low compared to historical standards despite the recent gains.Read more