08 Dec 2025

Stor-Age Property REIT Ltd completed an equity raise of R500 million, with subscriptions exceeding the offer threefold, showing strong market demand. The raise is aimed at supporting the REIT's expansion plans and investment in storage-focused property assets. Market experts view the oversubscription as a sign of confidence in South Africa's REIT sector, particularly in specialized real estate segments. The funds will strengthen the company's balance sheet, enable property acquisitions, and enhance existing assets, positioning Stor-Age to deliver steady returns and expand its portfolio in strategic locations while continuing to focus on long-term shareholder value.Read more

08 Dec 2025

President Donald Trump has appointed architect Shalom Baranes to lead the 300 million USD White House ballroom project, replacing James McCrery, who will remain as a consultant. The change follows reported disagreements over the size and design of the ballroom. The planned 90,000-square-foot addition, the largest construction at the White House in decades, has drawn criticism from preservationists and experts. The East Wing was recently demolished to make way for the project. The proposal will eventually be reviewed by the National Capital Planning Commission.Read more

08 Dec 2025

Ocado is set to receive a one-off USD 350 million payment from Kroger after the U.S. retailer decided to close three robotic warehouses and cancel plans for another site. While closures will reduce Ocado's fee revenue in fiscal 2026 by about USD 50 million, the company remains focused on expanding its automation technology and turning cash-flow positive next year. One planned warehouse in Phoenix will continue with new technology. The deal highlights the ongoing importance of Ocado's automation solutions in the U.S. grocery market despite strategic changes by Kroger.Read more

08 Dec 2025

Toronto home sales fell to a five-month low in November, with prices also seeing a modest decline, as economic uncertainty kept buyers cautious. Seasonally adjusted sales dropped 0.6% to 5,620 units, and the home price index fell 0.4% month-over-month to C$971,100 (USD 694,536). Yearly figures show a 15.8% drop in sales and a 5.8% decline in prices. The Bank of Canada's recent interest rate cuts aim to support the economy, but long-term employment confidence remains a key factor influencing housing activity.Read more

07 Dec 2025

UltraGreen.ai, a medical imaging company from Singapore, saw its shares jump 8% on debut after raising USD 400 million in the city's largest non-REIT IPO since 2017. The funds will support product development, acquisitions, and global expansion. Its rise highlights investor confidence in Singapore's stock market, especially as the country implements reforms to encourage listings, including easier dual listings and modernized trading systems. The company's entry marks a significant milestone in Singapore's IPO landscape, making it the third-largest offering on the exchange this year.Read more

07 Dec 2025

Ferrovial is exploring more opportunities at US airports as work advances on its USD 9.5-billion New Terminal One project at New York's JFK Airport. CEO Ignacio Madridejos told the Reuters NEXT conference that, despite softer demand expected in 2025 due to inflation and policy uncertainty under President Donald Trump, the company remains confident in long-term air travel growth. The JFK terminal will open in phases from 2026, and Ferrovial sees New York as a uniquely strong market. Its highways division also posted a 14% revenue rise to EUR 1 billion in the first nine months of 2025. Madridejos said public-private partnerships will continue driving US infrastructure development.Read more

07 Dec 2025

Portugal will fast-track its public housing programme and now plans to build 150,000 new homes by 2030, a major increase from the earlier target of about 59,000. The EUR 9-billion initiative aims to support low-income households struggling with soaring property prices and rents. Funding will come from EU recovery funds, the national budget and European Investment Bank loans. With public housing making up only 2% of Portugal's six-million home stock-one of the lowest shares in Europe-the government is also offering incentives for private landlords, including a reduced 10% rental income tax for lower rents. The move comes amid severe shortages, especially in Lisbon, where prices have surged dramatically.Read more

07 Dec 2025

Balfour Beatty expects its 2025 order book to grow by about 20%, supported by more than GBP 3.5 billion in new power-generation contracts won this year. The company said it will deliver full-year results ahead of last year's GBP 252 million operating profit, helped by solid performance in UK construction and support services. Demand for power transmission and distribution projects, driven by national low-carbon goals and higher public infrastructure spending, has strengthened margins. Shares touched a record 726.5 pence following supportive government measures. New CEO Philip Hoare said the firm aims to expand earnings-based contributions through 2026, with additional share buybacks planned for next year.Read more

06 Dec 2025

Clariane SE is set to sell nine real estate assets in Belgium to Care Property Invest, valued at EUR 143 million, with Clariane's portion estimated at EUR 74 million. The deal aims to reduce the group's debt and financial leverage. Korian Belgium will continue operating all facilities under 20-year leases. The move reflects Clariane's ongoing strategy of optimizing its European real estate portfolio by monetizing assets while securing long-term operational income. This approach follows past measures focused on debt reduction and portfolio rationalization.Read more

06 Dec 2025

Saudi Arabia's 2026 budget forecasts a deficit of 165 billion riyals (USD 44 billion), reduced from this year's 245 billion riyals shortfall, amid a focus on diversifying the economy. The government is entering the third phase of Vision 2030, emphasizing effective implementation of reforms. Spending priorities are shifting from large real estate projects toward logistics, technology, minerals, and religious tourism. Expenditure is projected at 1.31 trillion riyals, with revenues at 1.15 trillion riyals. The Public Investment Fund is recalibrating projects to ensure they meet strategic goals.Read more