29 Jun 2026

Lendlease Group has completed the recycling of its build-to-rent (BTR) assets in the UK, marking another step in the company's ongoing strategy to optimise its global investment portfolio. The announcement comes as Lendlease continues to simplify its business by monetising mature assets and redirecting capital towards priority projects and strengthening its balance sheet. The latest transaction aligns with the developer's broader capital recycling approach, which has seen it exit or reduce stakes in selected international assets over the past few years.Read more

29 Jun 2026

New York City has approved a rent freeze for nearly one million rent-stabilized apartments, marking one of the first major housing policy decisions under Mayor Zohran Mamdani's administration. The move, which applies to one-year and two-year leases beginning in October, follows a vote by the city's Rent Guidelines Board. While tenant groups welcomed the decision as much-needed relief amid rising living costs, landlord representatives argued it could make building maintenance and mortgage payments more difficult. The decision fulfills one of Mamdani's key election promises to improve housing affordability across the city.Read more

29 Jun 2026

Aldar Properties has sold out all townhouses at The Orchids, its latest residential launch within the Yas Acres community on Yas Island, generating more than AED 680 million in sales. The strong response highlights sustained demand for family-oriented homes in Abu Dhabi's residential market. UAE nationals accounted for more than half of the buyers, while expatriate residents and overseas investors also showed significant interest. The developer said most buyers were first-time Aldar customers, and a limited collection of premium villas will be released in the next phase.Read more

29 Jun 2026

Australian property company Lendlease has agreed to sell its remaining 25.1% stake in Keyton Retirement Living Trust to co-investor Aware Super for AUD 525 million. The transaction forms part of the company's ongoing capital recycling programme launched after its strategic reset in 2024. Lendlease said the proceeds will be used to reduce group debt. Following the announcement, the company's shares rose more than 5% in trading. Including this transaction, Lendlease has completed around AUD 3.4 billion worth of capital recycling initiatives aimed at simplifying operations and strengthening its balance sheet.Read more

29 Jun 2026

Spain is witnessing rising demand for luxury homes from wealthy buyers in Poland, the United States and Gulf countries, as geopolitical conflicts and political uncertainty encourage investors to seek stable markets. Madrid and the Costa del Sol have emerged as preferred destinations for those looking to diversify assets and secure alternative residences. Industry experts say the Ukraine war, tensions in the Middle East and developments in U.S. politics have contributed to the trend. Strong property price growth, tax advantages in certain regions and Spain's stable economy are further strengthening its appeal among international buyers.Read more

29 Jun 2026

UK stock markets closed higher after strong gains in real estate stocks, led by Segro, which rejected a USD 16.6 billion takeover approach from U.S.-based logistics property company Prologis. The FTSE 100 and FTSE 250 both ended in positive territory, with real estate emerging as the top-performing sector. Investors also tracked expectations around future interest rate decisions by the Bank of England. Meanwhile, fund manager Liontrust posted strong gains after reporting slower fund outflows, while mining and energy stocks declined due to weaker commodity prices.Read more

28 Jun 2026

Dubai's newly announced civility programme is expected to influence urban planning and residential development by encouraging developers to place greater emphasis on design, public spaces and the overall living experience, according to luxury developer Keturah. The initiative, announced by the Dubai Civility Committee, includes a Civility Guidebook, guidelines for public celebrations, an integrated city lighting plan and measures aimed at enhancing public behaviour and urban liveability. Keturah said the programme reflects a broader approach to city planning in which architecture, public infrastructure and community design collectively shape residents' daily experiences. The developer believes the framework will encourage greater alignment between public policy and private real estate projects while reinforcing Dubai's long-term focus on safety, quality and sustainable urban development.Read more

28 Jun 2026

The U.S. Federal Energy Regulatory Commission (FERC) has approved the start of construction on the North Carolina section of the Mountain Valley Southgate pipeline project. The decision follows a federal appeals court ruling that rejected efforts by environmental groups to halt water quality certifications issued for the project. The proposed 31-mile natural gas pipeline extension will connect Virginia and North Carolina and transport around 0.55 billion cubic feet of gas per day. The project is expected to enter service in 2028 and carries an estimated cost of USD 524 million.Read more

28 Jun 2026

ECOS Dubai Hotel at Al Furjan has launched a summer hospitality campaign featuring a half-board accommodation package and a Dubai Summer Surprises (DSS) direct-booking discount. The initiative is aimed at families, couples and UAE residents seeking affordable staycation options during the summer season. The hotel's "ECOS Summer Escape 2026 with Half Board" package starts at AED 299 per night, excluding tourism fees, and includes accommodation, meals and leisure access. Alongside the package, guests booking directly through the hotel's website can receive discounts of up to 30% on the best available room rates as part of the wider DSS tourism programme. The offer is available for a limited period during the summer months.Read more

28 Jun 2026

UK-based property fund manager First Property Group reported a 12.2% year-on-year increase in profit before tax for the financial year, supported by higher rental income, gains from property sales and lower operating costs. The company's diluted earnings per share rose 10.4% to 1.81 pence, while profit before tax reached GBP 3.40 million. Following the improved performance, the company proposed a final dividend of 0.25 pence per share, marking the return of shareholder payouts. Management said market conditions remain challenging but sees attractive investment opportunities and maintains a positive outlook.Read more