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.
Archer Aviation (NYSE: ACHR) has completed the first phase of its acquisition of control over Hawthorne Airport, a key Los Angeles aviation asset. This initial step involves the acquisition of the master lease and associated subleases, giving the company control of the airport's real estate. Archer plans to use the 80-acre site as the operational hub for its planned L.A. air taxi network, including operations for the LA28 Olympic & Paralympic Games.
Penta Real Estate has formally entered the UK property market by acquiring two residential development sites in London's Canary Wharf and Nine Elms. The projects, which represent an investment of over GBP 700 million, will collectively deliver more than 680 new apartments. The developments, which began construction this year and are set for completion in 2029, are being undertaken through an equal-share joint venture with the established London developer Ballymore.
Modon has successfully sold out Bashayer, its first waterfront residential community on Hudayriyat Island, generating AED 3 billion in sales within one day of its launch. The development consists of 157 villas and 330 premium apartments located in low-rise terraced buildings. The exceptional demand reinforces Hudayriyat Island's position as a highly desirable residential destination for both local and international investors.
Chedi Hospitality, a global curator of design-led hotels, resorts, and branded residences, has appointed Stephan Schupbach as its new President & Group Chief Executive Officer. With over three decades of international experience in the luxury hospitality sector, Mr Schupbach will now lead the company’s long-term strategy, brand vision, and portfolio performance.
Brookfield and Qai, the AI subsidiary of Qatar Investment Authority, have announced a $20 billion strategic joint venture focused on artificial intelligence infrastructure. The partnership will develop fully integrated AI facilities in Qatar to support its burgeoning digital ecosystem. The Integrated Compute centre is set to expand high-performance compute access regionally, aligning with Qatar’s ambition to become a major AI hub in the Middle East, advancing its National Vision 2030.
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