18 Jun 2026

Property developer Lendlease has begun the process of appointing a new external auditor as regulatory scrutiny intensifies around KPMG Australia. The move follows an investigation by Australia's corporate regulator into three KPMG partners linked to whistleblower allegations. The allegations claim confidential board documents from Lendlease were used in bids for major audit contracts involving other listed companies. While KPMG remains Lendlease's auditor, the company has outlined a phased transition plan that would allow a newly appointed audit firm to take over responsibilities from fiscal 2028, ensuring continuity and minimal disruption.Read more

17 Jun 2026

A proposed luxury resort project in southern Albania involving investors including Jared Kushner is facing growing opposition as local villagers claim parts of the development site were sold despite ongoing ownership disputes. Residents of Zvernec have alleged that land they consider theirs was transferred without consultation or compensation and have presented property documents to support their claims. The dispute has added to concerns already surrounding the multi-billion-euro coastal development, which has attracted criticism over environmental impacts and public access. Albanian authorities maintain the project is legal, while affected residents are preparing fresh legal action.Read more

17 Jun 2026

Private equity firm Warburg Pincus is set to acquire Japanese student housing provider J.S.B. through a USD 1.2 billion tender offer, marking its first take-private transaction in Japan. The firm plans to offer JPY 9,000 per share and has already secured support from J.S.B.'s largest shareholders. The Japanese company has also endorsed the offer and recommended that shareholders participate. The transaction highlights Warburg Pincus' growing focus on Japan's real estate and housing sectors, following its expansion in the country and earlier investment in affordable rental housing platform Tokyo Beta.Read more

17 Jun 2026

Smartworks Coworking Spaces has strengthened its presence in Singapore by adding more than 15,000 square feet of office space at Manulife Tower. The expansion marks another step in the company's efforts to grow its international footprint and cater to rising demand for managed workspace solutions from enterprises and multinational occupiers. Smartworks, one of India's largest managed office space providers, has been expanding its portfolio across key business markets while focusing on flexible and enterprise-led workspace offerings. The latest addition is expected to support the company's growth strategy in Southeast Asia.Read more

17 Jun 2026

A proposed luxury tourism project on Albania’s Adriatic coast faced renewed opposition after around 200 residents of Rrjoll village dismantled fencing surrounding the development site. The protest reflects growing concerns over large-scale construction projects in environmentally sensitive coastal areas and longstanding land ownership disputes. Residents claim the project is being developed on land that was taken from local families without adequate compensation. The demonstration comes amid broader protests across Albania against luxury resort developments along the coastline, including projects planned near ecologically important habitats and protected natural areas.Read more

17 Jun 2026

Entra ASA has signed new lease agreements with Ability FM AS for office and warehouse premises in Oslo, further strengthening occupancy across its commercial property portfolio. The agreement adds to Entra's leasing activity in Norway's office market, where demand for well-located and efficient workspace continues to remain stable. While the company has not disclosed financial details of the transaction, the leases underline continued tenant interest in strategically located commercial assets. The development forms part of Entra's ongoing efforts to maintain high occupancy levels and long-term value across its office and logistics-related properties.Read more

17 Jun 2026

National Real Estate Company (NREC) has announced that its subsidiary, Kuwadico, has entered into a partnership agreement to develop a real estate project in Egypt. The project is estimated to cost around KWD 35.5 million and will be developed over a 12-year period. According to the company, the development is expected to generate total revenue of approximately KWD 42 million during its lifecycle. The subsidiary's expected profit from the project is estimated at KWD 6.4 million, with NREC's share of the profit projected at around KWD 5.1 million based on its ownership stake.Read more

17 Jun 2026

Stratus Properties Inc (STRS.O) has disclosed a fresh update through a recent SEC filing, confirming changes to the financing structure of its Holden Hills Phase 1 project. The company has entered into a third modification agreement related to the project loan, which adjusts key repayment terms and increases the borrowing limit. As per the revised terms, the loan maturity has been extended, while the principal amount has been raised by USD 9.9 million to a total of USD 36 million. The update reflects continued financial restructuring activity linked to the project’s long-term development plans and funding requirements.Read more

17 Jun 2026

Iraq has cancelled a USD 764 million project to upgrade and expand Baghdad International Airport after concerns were raised over possible irregularities in the tendering process and contract terms. The project had been awarded last year to a consortium comprising Luxembourg-based Corporacion America Airports and Iraqi real estate company Amwaj International. The decision comes amid the Iraqi government's wider anti-corruption efforts, which have led to increased scrutiny of major public contracts and infrastructure projects. The airport redevelopment was expected to play a significant role in improving Iraq’s aviation infrastructure and boosting passenger-handling capacity.Read more

16 Jun 2026

Kimco Realty OP, LLC has priced an upsized private offering of USD 525 million in 3.5% exchangeable senior notes due in 2031, increasing the size of the offering from the initially proposed USD 500 million. The offering is expected to strengthen the company's capital position and support corporate requirements, including debt management and potential investments. The notes will carry a 3.5% annual interest rate and are backed by a senior unsecured guarantee from Kimco Realty Corporation. The move comes as the retail-focused REIT continues to manage its balance sheet and pursue growth opportunities across its portfolio.Read more