IHG Hotels & Resorts has officially launched its Garner by IHG brand in Southeast Asia with the opening of the 153-room Garner Hotel Pattaya Central in Thailand. The brand focuses on delivering quality, affordable and "easy going stays" in central locations. Situated in the heart of Pattaya, the hotel is a two-hour drive from Bangkok and is steps away from Pattaya Beach and major shopping malls like Terminal21.
Swire Properties and Lujiazui Group have launched Qiantan Place in Shanghai’s Pudong district, featuring two premium Grade-A office towers: One Qiantan Place (30 storeys) and Two Qiantan Place (24 storeys). The launch begins the pre-leasing phase for the new workspaces, which are part of the expanded Taikoo Li Qiantan mixed-use development. This development reinforces Swire Properties’ significant operational footprint in Shanghai.
Hongkong Land Holdings Limited is advancing its corporate strategy with the upcoming launch of the Singapore Central Private Real Estate Fund (SCPREF). Expected to become Singapore’s largest with an AUM exceeding S$8 billion at launch, SCPREF will focus exclusively on managing prime commercial assets in the city-state.
Saudi Arabia is moving ahead with its plans for Advanced Air Mobility with the General Authority of Civil Aviation (GACA) signing an agreement with US-based Archer Aviation. The collaboration aims to develop a regulatory path for electric vertical take-off and landing (eVTOL) air taxis in the Kingdom. The first routes are expected to connect Riyadh and Jeddah, and service the nation’s giga-projects like Red Sea Global.
Real Finance, a Layer-1 blockchain network focused on the tokenisation of real-world assets (RWAs), has raised a total of $29 million in private funding. The capital includes a $25 million commitment from Nimbus Capital and a $4 million private round led by Magnus Capital. The financing is a major step in the company's strategy to expand its compliance-ready infrastructure and accelerate the onboarding of institutional financial partners.
Romania has announced the Dracula Land project concept, a private investment exceeding €1 billion aimed at creating the largest entertainment, retail, and technology destination in Europe. The 160-hectare site, located near Bucharest and Otopeni Airport, is a collaboration between Romanian investors Dragoş Dobrescu and George Toader and international partners.
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