Industrial developer Panattoni has named Sharad Gohil as CEO and Managing Director of Panattoni India to drive its regional expansion. Gohil, the former head of IndoSpace Capital Asia, brings over 25 years of global real estate experience. He will lead the firm's growth across Indian logistics hubs, manufacturing corridors and emerging digital infrastructure markets, including data centres.
The Sharjah Investment and Development Authority (Shurooq) has chosen Minor Hotels to manage the Sharjah Collection, a regional portfolio of seven eco-focused boutique properties. The international operator will integrate the coastal, desert and mountain retreats into its luxury network after a series of upgrades, boosting global reach while protecting local heritage.
Japanese developer Mitsubishi Estate has partnered with Central Pattana to build a 43-billion-yen mixed-use tower in Bangkok. Located in the popular Siam Square area, the 42-storey development will blend flagship luxury retail, modern workspaces, and the Thai debut of 25hours hotels. Construction is underway and phase openings will start in 2027.
Oman and Türkiye have signed a memorandum of understanding to cooperate on housing and urban planning initiatives following a bilateral summit in Ankara. Omani Housing Minister H.E. Dr. Khalfan bin Said Al Shueili met with Turkish Minister H.E. Murat Kurum to establish a development framework. The partnership will focus on smart cities, sustainable design and real estate finance.
Saudi-listed Banan Real Estate Company has secured a 54.9 million riyal contract to develop and market a new hotel building in the Al Rahmaniya neighborhood. The two-year agreement was signed with Afaq Al Qimma Al Rabiaa Al Mutatawera Company, a subsidiary of the fourth Artal Real Estate Fund. Financial impacts are expected to lift company revenues from the second half of 2026.
Daewoo E&C has finalised an investment in a $291 million housing project in Palisades Park, New Jersey, marking its return to the United States property development sector after two decades. Partnering with New York developer Tamares, the firm will build a 540-unit apartment complex. The company also plans to back a luxury mixed-use project in Prosper, Texas, later this year.
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