29 Nov 2025

Emirates REIT has refinanced its AED 184 million Islamic financing facility with Ajman Bank, continuing a structure originally put in place in March 2023. The renewed facility carries a profit rate linked to the 3-month EIBOR plus 2.75 percent, with a minimum rate of 5 percent. It has a 10-year tenor with scheduled amortisation. The initial financing had been used to reduce previous debt. This refinancing aligns with the REIT's broader plan that previously included sukuk refinancing and reducing its overall leverage.Read more

29 Nov 2025

The logistics firm Nowaste Logistics is expanding its operations by leasing 6,200 sqm from Wihlborgs in the Platforadlingen 11 property at Hamncity in southern Helsingborg. The agreement covers a three-year lease with occupation starting 1 March 2026. Nowaste already leases premises from Wihlborgs and sees this location near the port and rail connections as strategically important. Wihlborgs highlights this deal as evidence that Hamncity is well suited for modern logistics flows. The move builds on previous expansions by both companies in the region.Read more

29 Nov 2025

Genova Property Group AB has secured SEK 2.4 billion of sustainability-linked financing from Swedbank, out of SEK 2.8 billion in existing loans. The deal connects borrowing costs to achieving specific sustainability targets, reinforcing the company's commitment to ESG principles. Swedbank will monitor progress, and meeting the objectives may result in better loan terms. This move reflects a wider trend in real estate where companies integrate sustainability into financing, building on Genova's ongoing efforts in environmentally responsible projects, financial flexibility, and long-term cost efficiency.Read more

28 Nov 2025

Saudi Arabia's Public Investment Fund (PIF) moved earlier this week to offload a 3.3% stake in Umm Al Qura for Development and Construction Co through an accelerated bookbuild aimed at institutional investors. The sale involves up to 48 million shares in the company responsible for the Masar Destination redevelopment in Mecca. The stake is valued at roughly 1.06 billion riyals (approximately USD 281.3 million), based on the company's latest closing price. Following the transaction, PIF is expected to retain about 16.3% in the developer as strong investor demand fully covered the offer.Read more

28 Nov 2025

Four Corners Property Trust has acquired two Hawaiian Bros locations from Stine Enterprises in a sale-leaseback deal worth USD 5.9 million. The arrangement allows Stine Enterprises to continue operating the restaurants while freeing up capital, reflecting a common strategy among commercial property investors. The transaction strengthens Four Corners' retail and restaurant property portfolio and provides a stable income stream under long-term lease agreements. This deal is part of a larger trend in the U.S. real estate market, where sale-leaseback agreements help operators grow businesses while providing predictable returns for investors.Read more

28 Nov 2025

Two Phoenix Suns minority owners, Scott Seldin and Andy Kohlberg, have refiled a lawsuit against majority owner Mat Ishbia, accusing him of using the franchise as his 'personal piggy bank' and acting in the interests of his mortgage company, United Wholesale Mortgage. The renewed suit follows an earlier case withdrawn after Ishbia countersued. The owners allege breaches of contract, lack of access to records and a disputed capital call in which Ishbia allegedly missed his own funding deadline. Ishbia has denied the claims, calling the suit a coercive tactic and stating that all investors were free to either contribute alongside him or exit. The dispute highlights growing tensions over governance and transparency within the Suns' ownership structure.Read more

28 Nov 2025

New Zealand's housing market has shifted from being a dependable wealth-building avenue to a source of caution for investors and homeowners. Prices, which surged 40% during the pandemic, have since fallen by nearly 20%, leaving them around 15% below the 2021 peak. Oversupply from a post-pandemic building boom, slow population growth, and rising unemployment have changed market dynamics. First-home buyers are benefiting, but investor activity has slowed. The Reserve Bank's rate cuts and relaxed lending rules aim to stimulate demand, yet economists foresee only modest price gains and a potentially long-term adjustment in housing as a core economic driver.Read more

28 Nov 2025

Tanzania is preparing to restart construction of the long-delayed Bagamoyo Port in December after more than a decade of postponements. Officials confirmed that equipment has begun moving to the project site, where work will start with 14 berths before expanding to 28. The port will be dredged to about 20 metres and will handle ships carrying up to 25,000 containers. The project will anchor a 9,800-hectare special economic zone linked by rail and road networks. Earlier agreements had stalled, but renewed government negotiations since 2021 have moved the plan forward.Read more

28 Nov 2025

ITC Properties Group said earlier this week that it will issue 100.8 million subscription shares at a price of HKD 0.7 per share. The update was released through a regulatory filing, indicating the company's move to strengthen its financial position. ITC Properties has used similar share placements in the past to support operations and manage liquidity during changing market conditions. This new issuance follows the same approach and is aimed at providing additional capital for ongoing requirements while maintaining financial stability.Read more

28 Nov 2025

City Developments Limited (CDL) has agreed to divest the Bespoke Hotel Osaka Shinsaibashi to a Blackstone-managed real estate fund for JPY 14 billion, as part of its capital recycling and portfolio optimisation strategy. The freehold, 256-room hotel-located in Osaka's busy Shinsaibashi district near major retail hubs and metro stations-was acquired by CDL in August 2023 for JPY 8.5 billion. Strong demand in Japan's hospitality sector supported the timing of the sale, which is expected to conclude in December. This marks CDL's fourth major divestment in 2025, contributing to more than SGD 1.8 billion in contracted sales. Blackstone said the acquisition aligns with its hospitality-focused investment strategy in Japan.Read more