Architectural firm RMJM has presented its latest mixed-use project in Riyadh’s Al Qairawan district. The development is characterised by a contemporary interpretation of Salmani design principles, using textured façades and vertical fins to manage the local climate. By breaking the massing into a collection of varied volumes, the design incorporates green terraces and shaded pedestrian colonnades at street level.
Indian state owned developer NBCC has entered the Dubai real estate market through a new subsidiary, marking its first major international project. The company has purchased land in Dubai Mainland for AED 16 million to build a ten storey mixed-use tower. This project is expected to bring in up to AED 60 million in revenue. The move builds on NBCC’s previous work in the region and its successful track record of delivering thousands of homes in India.
Blox Ventures has completed the acquisition of a prominent city block in Downtown Redwood City for $46 million. The 200,000 square foot mixed-use property was purchased from DWS Asset Management and includes a variety of retail, office and entertainment spaces. Key tenants at the site include Century Theatre, UCSF Health and several popular eateries. This deal adds to the substantial portfolio of Blox Ventures which has managed over $3 billion in real estate since its founding in 2015.
Talaat Moustafa Group (TMG) has officially opened “The Village”, a new commercial and entertainment district at its Celia project in the New Administrative Capital. The facility features a Carrefour hypermarket and a “Kids Station”, alongside a variety of mixed-use services. Located in the heart of the Green River area, the hub includes medical centres, cinemas, and an open-air theatre.
Karma Urban Development has officially launched its first project in New Cairo, KAVI, a mixed-use development comprising commercial, administrative, and medical spaces. The company marked its entry into the Egyptian market by signing three cooperation protocols with leading engineering consultancy firms for the project’s execution and management.
One United Properties (BVB: ONE) has signed a preliminary sale agreement for a 34,800 sqm plot of land in Constanţa, accelerating its strategic expansion outside Bucharest into Romania’s key regional cities. The land, located on the Black Sea coast in the Faleză Nord-Pescărie area, will be the site of a new mixed-use development with an estimated gross development value of approximately EUR 500 million.
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