16 Jul 2026

I Squared Capital has signed an agreement to invest up to USD 2 billion in digital infrastructure and district cooling assets owned by Saudi Arabia’s Public Investment Fund (PIF). The investment will be split equally between the two sectors, with scope for further expansion into related infrastructure businesses. The move builds on an investment partnership announced last year and supports Saudi Arabia’s efforts to diversify its economy beyond oil. It also follows reports that PIF was exploring the sale of its district cooling assets as part of its broader capital recycling strategy.Read more

16 Jul 2026

Mercedes-Benz has completed a EUR 1 billion expansion of its manufacturing facility in Kecskemét, Hungary, significantly increasing production capacity as part of its global efficiency and cost optimisation strategy. The upgraded plant will become the company's largest manufacturing site in Europe and its second-largest worldwide. Along with producing the new electric C-Class, the facility will also manufacture the electric GLC and the compact G-Class. The investment strengthens Mercedes-Benz's flexible manufacturing network while reinforcing Hungary's position as a key automotive production base in Europe.Read more

16 Jul 2026

Spear REIT has completed the disposal of Hamilton and Chiappini House after fulfilling all transaction requirements, marking another step in its capital recycling strategy. The company said the transaction generated a value uplift of about ZAR 27.25 million, adding nearly 5 cents to its net asset value. The two Cape Town properties had been identified as non-core assets, with the disposal allowing Spear REIT to unlock value and redeploy capital into higher-yielding investment opportunities in the Western Cape. The transaction follows an earlier sale agreement announced in the past few months.Read more

16 Jul 2026

Erbud SA has secured a new residential construction contract worth PLN 63.3 million (net), strengthening its order book in Poland's housing sector. The company disclosed that the agreement covers the construction of a residential building project, although additional project-specific details were not disclosed in the initial announcement. The latest contract adds to Erbud's series of residential construction wins over the past year, reflecting continued activity in Poland's housing development market. The company has been expanding its portfolio across residential, commercial, infrastructure and industrial construction projects.Read more

16 Jul 2026

British Land has reaffirmed its guidance for underlying earnings per share (EPS) of at least 30.5 pence for FY27, supported by continued strong leasing activity across its core portfolio. The company said demand continues to exceed supply at its campuses and retail parks, with new leasing deals being signed at rents above previous levels. It also reported a positive start to the financial year, building on momentum from the previous fiscal year. The update reflects confidence in the company's operational performance and rental growth outlook across its major real estate markets.Read more

16 Jul 2026

China State Construction International Holdings Ltd has announced that its subsidiary, Putian Haiyue, has entered into a joint bidding agreement with China Construction Jiahe for a land parcel. Under the arrangement, the total bid deposit for the site stands at RMB 153.2 million, with Putian Haiyue contributing RMB 122.56 million. The agreement marks another step in the company's land acquisition strategy as it continues to participate in new development opportunities through joint ventures and partnerships.Read more

16 Jul 2026

New York has become the first US state to impose a one-year moratorium on the construction of large data centres with power requirements of 50 megawatts or more. The move comes amid growing concerns over rising electricity demand, higher utility bills, pressure on water resources and the environmental impact of AI-driven infrastructure. During the moratorium, the state will prepare uniform environmental standards for future projects while also considering the removal of tax incentives for hyperscale data centres. The decision reflects increasing scrutiny of data centre expansion across the US.Read more

15 Jul 2026

Dubai's residential property market recorded transactions worth AED 225.7 billion during the first half of 2026, marking a 16% decline from the record levels seen a year earlier, according to Anarock. The consultancy attributed the slowdown to geopolitical tensions in West Asia, which temporarily affected buyer sentiment during March and April. Residential property prices softened by 4–7% between February and April before stabilising, while average prices remained higher than a year earlier at around AED 1,900 per sq ft. Anarock said the market recovered steadily following ceasefire efforts, supported by sustained demand and strong structural fundamentals.Read more

15 Jul 2026

Icade has acquired the remaining 49% stake in SAS Tour Eqho, the company that owns the Eqho Tower estate in Paris, from South Korean investors. With this transaction, the French real estate company has taken full ownership of the asset. The company said the acquisition is expected to generate a return of more than 8% and improve its net operating cash flow. The move aligns with Icade’s strategy of strengthening its investment portfolio through selective acquisitions of high-quality commercial assets.Read more

15 Jul 2026

Morrisons is in discussions with multiple parties, including U.S.-based Realty Income, for a real estate financing transaction valued at around USD 803 million. The proposed arrangement is expected to differ from a traditional sale-and-leaseback structure and could instead be backed by a portfolio of the retailer's stores. The move follows the company's earlier efforts to unlock value from its freehold property assets as it continues to streamline operations amid intense competition, changing consumer spending patterns, and rising cost pressures in the UK grocery market.Read more