13 Jun 2026

Develia SA has announced that its joint venture has acquired a property in Warsaw for PLN 18.3 million net as part of its ongoing residential development strategy. The acquired land is planned for a new housing project comprising approximately 158 residential units and two commercial units. According to the company, sales for the development are expected to begin in the first quarter of 2027. The transaction reflects continued investment activity in Warsaw's residential market, where developers remain focused on expanding housing supply amid sustained demand for new homes.Read more

13 Jun 2026

Australian equities ended lower for a third consecutive session as weakness in mining and gold stocks weighed on the broader market. Falling iron ore prices and concerns over subdued steel demand in China pressured major resource companies, leading the benchmark index to close in negative territory despite a late recovery. Gains in consumer staples, real estate and healthcare stocks helped limit losses. Investors also remained focused on the outlook for interest rates, with markets increasingly expecting the Reserve Bank of Australia to keep rates unchanged in the near term. Meanwhile, New Zealand equities recorded their strongest session in about three weeks.Read more

13 Jun 2026

Albanian Prime Minister Edi Rama has reaffirmed his government's commitment to a proposed luxury resort development linked to Jared Kushner, despite growing protests over its potential impact on the Vjosa-Narta protected area along the country's southern coast. The project, backed by Kushner's investment firm Affinity Partners, forms part of a broader investment programme that could be worth up to EUR 5 billion. Demonstrators have opposed the development, citing concerns over risks to wetlands that support flamingoes, seals and sea turtle nesting sites. While an environmental impact assessment is yet to be completed, Rama has defended the project as a key component of Albania's modernisation strategy and has pledged that wildlife and ecological interests will be protected during the development process.Read more

13 Jun 2026

Dubai-based developer Emaar Properties has announced a new USD 55 billion mixed-use development in Dubai, marking one of the company's largest projects to date. The master-planned urban district is expected to accommodate around 150,000 residents and will feature residential towers, villas, office spaces and retail destinations spread across 4.5 million square metres. The announcement comes as Dubai's property market continues to attract global investors despite recent regional uncertainties. The project further reinforces Emaar's long-term confidence in Dubai's real estate sector, which recorded its strongest-ever performance in 2025 with transaction values reaching nearly USD 250 billion.Read more

13 Jun 2026

Simon Property Group has announced a new debt offering through one of its units, aimed at raising EUR 500 million from investors. The offering consists of unsecured notes carrying a fixed interest rate of 3.650% and maturing in 2031. The move forms part of the company's broader capital management strategy and provides access to funding through European debt markets. Simon Property Group, one of the world's largest retail real estate investment trusts (REITs), regularly uses bond issuances to support refinancing activities, strengthen liquidity and fund corporate requirements.Read more

13 Jun 2026

Existing home sales in the United States recorded a stronger-than-expected increase in May, reaching their highest level in several months despite continued pressure from elevated mortgage rates and limited housing supply. Sales activity improved across most regions of the country, supported by contracts signed earlier in the spring. While housing affordability showed some improvement, rising home prices, persistent inflation and higher borrowing costs continue to weigh on market conditions. Industry experts noted that first-time buyer participation increased, though it remains below the level generally considered necessary for a healthy and balanced housing market.Read more

12 Jun 2026

Sales of previously owned homes in the United States recorded their strongest monthly performance in five months, signalling a recovery in buyer activity after a subdued start to the spring housing season. According to the National Association of Realtors (NAR), existing home sales increased by 3.2 per cent month-on-month in May to a seasonally adjusted annual rate of 4.17 million units, surpassing market expectations and registering a similar increase compared with the same period last year. The improvement was supported by stronger activity across the Midwest, South and West regions, although sales declined in the Northeast. Home prices continued their upward trajectory, with the median sales price reaching USD 429,300. Despite the recent gains, the US housing market remains below historical sales levels and continues to grapple with the effects of elevated mortgage rates.Read more

12 Jun 2026

Road King Infrastructure has announced that the hearing related to the winding-up application against New Select has been adjourned by the British Virgin Islands (BVI) court. The company said the next hearing is not expected to take place before mid-September 2026, providing additional time for stakeholders involved in the restructuring process. Road King also confirmed that the early-bird Restructuring Support Agreement (RSA) fee deadline remains scheduled for late June. The development forms part of the company's ongoing efforts to address matters linked to the winding-up proceedings involving New Select.Read more

12 Jun 2026

Thailand-based hospitality and property development company Dusit International has signed an agreement with luxury real estate and hospitality developer Atmosphere to launch the Dusit Princess Rishikesh in Uttarakhand. The upper-midscale hotel will feature 300 rooms and is expected to open in 2031. The project marks another step in Dusit International’s expansion strategy in India, a market it views as offering strong long-term growth opportunities. The development is expected to strengthen Rishikesh’s hospitality landscape, which has been witnessing increasing demand from leisure, wellness and experiential travellers.Read more

12 Jun 2026

Sime Darby Property has launched a Shariah-compliant investment fund worth 1.25 billion ringgit (USD 307.7 million) to support the development and leasing of data centres, industrial facilities and logistics assets in Malaysia. The New Economy Venture fund achieved full capital commitments at its first close, backed by major institutional investors. The five-year fund has already secured two seed assets located in Elmina Business Park and the City of Elmina, representing about 85% of its target size. Construction has commenced on both projects, with completion scheduled for the second half of 2027.Read more