21 Nov 2025

IOI Properties Group is moving ahead with plans to list two separate REITs in Malaysia and Singapore, supported by assets worth up to USD 8 billion. The Malaysian REIT, planned for 2026, is expected to feature domestic properties valued at around INR 7 billion to INR 8 billion, while the Singapore REIT, targeted for 2027, may include major developments such as South Beach and IOI Central Boulevard Towers. The company has begun discussions with advisers and is reviewing asset monetisation options as part of its strategy to strengthen growth and improve long-term stability across core markets.Read more

21 Nov 2025

Solaria Energia y Medio Ambiente has signed a 15-year PPA with Merlin Properties to supply 445 MWp of solar power to Merlin's expanding data-centre portfolio in Spain. The deal supports Merlin's low-carbon energy goals while strengthening Solaria's position in the data-centre market. Solaria's extensive infrastructure-spanning solar plants, substations and distribution lines-allows it to offer fast grid access, a key advantage for energy-intensive data-centre operations. Recent grid-connection approvals have pushed Solaria's committed data-centre demand to over 1 GW. Merlin operates facilities in Spain and Portugal, and the agreement ensures long-term clean energy. The partnership aligns with Solaria's plan to scale its renewables pipeline to 14.3 GW by 2028, including wind and battery storage.Read more

21 Nov 2025

Vietnam's recent government bond auction raised 9.23 trillion dong (USD 350 million), the highest amount since June, with 66% of the bonds sold compared with 31% in the previous week. Total government bond sales this year have reached 287 trillion dong, contributing to public investment projects that drive economic growth. The treasury successfully sold 5- and 10-year bonds but could not sell longer-term bonds. Meanwhile, corporate bond issuances have reached 495.7 trillion dong, with maturing bonds largely in the real estate and banking sectors.Read more

20 Nov 2025

HICL Infrastructure and The Renewables Infrastructure Group are merging to form the UK's largest listed infrastructure company, valued at about 3.98 billion pounds (USD 5.2 billion). The merger combines HICL's broad infrastructure holdings with TRIG's 2.3-gigawatt renewable assets, creating a company with net assets exceeding 5.3 billion pounds. The deal includes a 350 million pound liquidity package, partial cash options, and share allocations of 56% to HICL and 44% to TRIG shareholders. Analysts view the merger positively, citing potential for higher returns, with completion expected in early 2026.Read more

20 Nov 2025

A massive fire in the Saganoseki district of Oita city in southern Japan destroyed more than 170 buildings and continued burning through the night. Over 175 residents moved to an emergency shelter after the fire began in the early evening earlier this week. One person remains missing, and officials have started an investigation into the cause. Aerial images showed homes reduced to debris, smoke across the hillside, and flames spreading toward nearby forested areas. Local authorities requested support, leading to the deployment of a military firefighting helicopter.Read more

20 Nov 2025

Arada, the UAE-based real estate developer backed by Gulf royals, has decided to acquire an 80% stake in the Thameside West mixed-use project in east London. The deal follows the launch of the company's UK operations a few months ago and marks a major expansion of its international portfolio. The development, valued at 2.5 billion pounds (about USD 3.29 billion), is planned to deliver at least 5,000 homes, with the first phase targeting around 1,000 units and construction planned for 2027. This acquisition also lifts Arada's London housing pipeline to 15,000 homes.Read more

20 Nov 2025

Rightmove is facing a potential legal claim worth about GBP 1 billion (USD 1.34 billion) from estate agents who argue that the portal has been charging excessive and unfair listing fees. The action is being led by Jeremy Newman, a former member of the UK antitrust watchdog, and aims to represent thousands of agents unless they opt out. The development follows a recent drop in Rightmove's share price after it signalled slower profit growth next year due to increased investments, including those in artificial intelligence. Market uncertainty, inflation pressures, and an upcoming tax-focused government budget continue to weigh on the UK property sector.Read more

20 Nov 2025

New Zealand's housing market recorded a slight rise in home prices during October, indicating that conditions have begun to stabilise after an uneven past year. Fresh data from the Real Estate Institute of New Zealand (REINZ) showed a small month-on-month increase in the seasonally adjusted median price, even though values were still lower compared with the same period last year. National sales activity picked up as well, supported by stronger buyer sentiment and the usual lift seen during the spring period. REINZ noted that most regions reflected an improvement in activity and overall confidence.Read more

19 Nov 2025

Hong Kong-based developer New World Development has announced plans to reduce about USD 1.3 billion of its debt following an early settlement deadline in its bond exchange offer. The company is swapping a portion of its perpetual bonds and senior notes targeting USD 1.02 billion of perpetuals and USD 29.9 million of senior notes to improve liquidity and avert defaults amid a tough property market. Earlier this year it deferred coupon payments and secured refinancing of over USD 12 billion to shore up its finances. The exchange offer closes on December 2.Read more

19 Nov 2025

Praxis Home Retail recorded a net profit of INR 81 crore in the September quarter, showing a clear improvement after reporting losses in the same period last year and in the previous quarter. The company attributed this recovery to restructuring measures and higher operational efficiency. Praxis also became fully debt-free after receiving a complete waiver of all outstanding dues at the start of FY 2025-26, marking a major step in stabilising its financial position. The firm has also undergone a governance reset, now operating under new management and new shareholders committed to improved oversight.Read more