11 Dec 2025

Mapletree Pan Asia Commercial Trust has agreed to sell the Festival Walk Tower in Hong Kong for HKD 1.96 billion, matching its latest valuation. The Singapore-listed REIT, backed by Temasek, said the divestment aligns with its strategy to streamline the portfolio amid a weak Greater China office market. The cash proceeds will be used to reduce debt, lowering gearing to about 36.5%. The move follows two office exits in Japan earlier this year. MPACT will continue to own the Festival Walk retail mall, which remains nearly fully leased. After the sale, the REIT's portfolio will include 15 commercial assets across Asia, with Singapore contributing most of its income.Read more

11 Dec 2025

Major utilities across the United States have reported an unprecedented rise in long-term power supply agreements with data centre operators, driven by surging demand from artificial intelligence, cloud computing and hyperscale expansion. Industry assessments earlier this year suggested that data centres could account for nearly 8% of US power generation by 2030, up sharply from 3% in 2022. Over the past two years, utilities have signed multi-gigawatt clean-energy contracts, revived nuclear capacity, secured major hyperscaler deals and committed significant infrastructure investment to support large-scale campuses led by Google, Meta, Microsoft, Amazon and other developers.Read more

11 Dec 2025

TotalEnergies is set to merge its British North Sea assets with NEO NEXT Energy, a partnership of Repsol and HitecVision, creating NEO NEXT+ with TotalEnergies holding a 47.5% stake. The venture is expected to produce over 250,000 barrels of oil equivalent daily by 2026. The deal follows a trend of consolidations by European oil majors in the North Sea. Analysts have raised concerns that while operational efficiency may improve, UK tax revenues could be affected. Completion of the merger is anticipated in the first half of 2026, pending regulatory approval.Read more

11 Dec 2025

Palm Hills Developments is targeting over USD 7 billion in sales from its first UAE project, Saadiyat Shores, which spans 1.87 million square metres in Abu Dhabi and will cost around USD 5.4 billion to develop. Construction is planned for April or May 2026, with deliveries expected three to three-and-a-half years later. The company is securing financing from UAE banks and exploring additional projects in Abu Dhabi and Dubai. Beyond the UAE, potential developments in Riyadh and Jeddah indicate a wider Gulf expansion strategy.Read more

11 Dec 2025

United Real Estate Company has entered into a market maker agreement with Kuwait Financial Centre (Markaz) to enhance the liquidity of its shares on the Kuwait Stock Exchange. URC, established in 1973 and listed since 1984, has a diversified real?estate portfolio spanning retail, residential, commercial, and hospitality assets in Kuwait and MENA. The company has shown consistent financial growth, with a 21.3?% increase in net profit in 2024 and strong first quarter 2025 results. The market maker arrangement aims to support smoother trading and boost investor confidence.Read more

11 Dec 2025

Brazil's audit court has backed a two-step auction process for the Tecon Santos 10 terminal at the Port of Santos. The plan keeps current terminal operators out of the first bidding round, giving new entrants the first chance to compete. Existing operators will only be allowed in if the initial stage fails to bring valid bids. The project requires close to 6 billion reais (about USD 1.11 billion) in investment over 25 years and is expected to increase the port's container capacity by nearly 50%. The decision has received mixed responses from industry players.Read more

11 Dec 2025

EquipmentShare, a construction equipment rental and technology-driven fleet-management company, has filed for a US IPO after recording a 27% rise in revenue to USD 2.81 billion over the first nine months of this year. The company also reduced its net loss to USD 25.2 million during the same period. It plans to list on Nasdaq under the symbol EQPT. Analysts noted that the firm's rapid expansion strategy makes it sensitive to interest-rate movements and shifts in non-residential construction, which accounts for most of its revenue.Read more

11 Dec 2025

Deutsche Bank will lease 250,000 square feet in London's Canary Wharf, in a building currently occupied by Revolut, marking a substantial expansion in the district's office space demand. The YY building is owned by Oaktree Capital Management and Quadrant Estates, with Revolut being its first tenant last year. Canary Wharf, which faced office vacancies during the pandemic, is now witnessing renewed interest from major firms, including Visa and JPMorgan Chase, reflecting a broader recovery in London's financial district and a push for employees to return to physical offices.Read more

10 Dec 2025

Danube Properties is developing 'SHAHRUKHZ by Danube', a 55-storey commercial tower in Dubai named after Shah Rukh Khan, with an investment of around INR 3,500 crore. The project spans one million sq ft, primarily office space with some retail, and will feature over 40 amenities. Scheduled for completion by 2029, it has received a strong market response. Funded through internal accruals and customer advances, the tower aims to generate more than INR 4,000 crore in revenue and addresses Dubai's growing demand for premium Grade A office spaces.Read more

10 Dec 2025

Qatar's Energy Minister, Saad al-Kaabi, is hopeful that the EU will address corporate concerns over its Corporate Sustainability Due Diligence Directive (CSDDD) by the end of December. Qatar has voiced opposition to the directive, highlighting fines of up to 5% of global revenue and stating it will not meet net-zero targets. Al-Kaabi cited strong future LNG demand driven by AI, with the North Field expansion set to raise output to 126 million tonnes by 2027. He also warned of potential real estate oversupply in the Gulf.Read more