The Government of Maldives and Abu Dhabi-based developer Eagle Hills have signed a commercial terms agreement for the USD 12 billion "Maldives Waterfront and Marina" project in Ras Malé. The mega-project features hotels, branded residences, a marina, and civic facilities under long-term 99-year leaseholds. Built entirely on reclaimed land, the multi-phase scheme aims to establish a structured real estate sector and support the country's economic targets.
Global hospitality group Minor Hotels has named Judd Rabbidge as General Manager of Avani Singapore Hotel, its debut property in the country, opening in Q2 2027. Rabbidge moves from Avani+ Fares Maldives Resort, where he has been General Manager since July 2024. He brings over 20 years of international hospitality experience to oversee the hotel’s launch, commercial strategy, and team development.
Global investment firm Sixth Street has formed a co-operative agreement with Lloyds to fund the UK commercial real estate sector. The partnership will deploy Sixth Street's Asset Based Finance platform to provide property borrowers with scaled, flexible financing. The deal combines Sixth Street's London-based finance and global real estate teams to expand lending opportunities across the country while maintaining strict underwriting standards.
Merritt Properties has broken ground on the third phase of Imeson Landing Business Park in north Jacksonville, Florida. The expansion adds three shallow-bay light industrial buildings totalling 126,500 square feet, expanding the park to 392,700 square feet. Concurrently, Merritt is advancing the second phase of its redevelopment project at Merritt at Gate Parkway, converting vacant offices into modern light industrial units.
Clarion Partners Europe has bought a 116,800 sqm Grade A logistics facility in Amiens, northern France, from ESR Europe. Finished in 2023, the property is 74% let to 3PL operator ID Logistics for e-commerce fulfilment. Featuring strong sustainability specs, 112 dock doors, and direct motorway access, the asset gives Clarion scope to add value by leasing out the remaining available space.
dnata Travel Group wrapped up Arabian Travel Market 2026 by securing 12 international partnerships across hospitality, cruise, destination management, and travel technology sectors. Highlights include distribution deals with Rotana, Kerzner International, and four major cruise lines. Additionally, the group announced the merger of Travelbag into Imagine Cruising, alongside an AED 8 million expansion of its Arabian Adventures desert site in Dubai.
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