Vietnam has inaugurated its first LNG power plants, Nhon Trach 3 and 4, in Dong Nai Province. Built by Petrovietnam at a cost of USD1.4 billion, the 1,624 MW twin plants will generate over nine billion kWh annually to stabilise the national grid, particularly in the south. Prime Minister Pham Minh Chinh stated the project is crucial for national energy security, supporting the country's rapidly growing demand from high-tech sectors.
Toll Group has launched Singapore’s first decarbonisation hub dedicated to electric supply vessels, a 12-month proof-of-concept developed with Yinson GreenTech. The hub integrates electric marine transport, smart warehousing, and efficient trucking into one digitally connected operation.
ESR-REIT Management (S) Limited has agreed to divest a portfolio of eight non-core Singapore industrial properties for S$338.1 million. The sale represents a 2.0% premium to the independent valuation. The transaction is a key part of the REIT’s Portfolio Rejuvenation and Capital Recycling strategies.
Hang Lung Properties, in partnership with Shanghai Join Buy Group Co., Ltd., has secured the No. 1038 West Nanjing Road Commercial Project. The landmark redevelopment, formerly Westgate Mall, will operate under a 20-year lease. The site will be transformed into a dynamic mixed-use complex and will feature integrated retail, hospitality, and office spaces, supporting Shanghai’s urban renewal efforts and international consumption status.
American Hotel Income Properties REIT LP (AHIP) has announced a significant change in its top leadership. The company confirmed the appointment of co-founder John O’Neill as its new Chief Executive Officer, effective immediately, on December 11, 2025. The decision follows the resignation of Jonathan Korol, who stepped down to pursue other opportunities.
Hilton has marked the lifestyle brand’s debut in Medellín, Colombia, with the opening of the 111-suite York Medellin, Curio Collection by Hilton. This is the 27th Hilton property in Colombia and the third Curio Collection hotel in the country. Situated in the exclusive El Poblado neighbourhood, the hotel features stylish suites, fully equipped kitchens, and smart technology.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
