King Street Capital Management has successfully rounded off fundraising for its newest European real estate venture, pulling in a hefty $950m (€807.4m) for its European Real Estate Special Situations Fund II, better known as ESS II. The fund, which wrapped up at its hard cap within just a year, has drawn backing from a wide mix of global investors spanning North America, Europe, Asia, and the Middle East.
Embassy Office Parks REIT has raised ₹1,550 crore through bonds and loans, securing its lowest borrowing cost in four years. The refinancing deal is expected to save 113 basis points annually, supporting the REIT’s strategy to strengthen its balance sheet and boost future growth.
Riyadh has cemented its place at the heart of Saudi Arabia’s thriving commercial property market, with prime office rents soaring by 23% over the past year, according to fresh research from a leading property consultancy. By the end of March, rents for high-end office spaces in the capital had climbed to SAR 2,700 per square metre — the highest rate recorded to date — fuelled by government initiatives such as the regional headquarters programme.
Demand across the Philippines’ office, residential, industrial and tourism property sectors continues to grow, with the country emerging as one of Asia’s more resilient markets for long-term investment.
Despite a steep fall in property prices since 2020, Hong Kong has retained its status as the most expensive city in the world to buy a home, according to Deutsche Bank’s latest global survey. The report highlights how housing affordability remains a key challenge in leading financial hubs, as high prices continue to weigh on quality of life across cities such as Hong Kong, Zurich and Singapore.
IHG Hotels & Resorts is preparing to introduce two new lifestyle-focused hotels in Jeddah’s King Abdullah Sports City, combining boutique luxury with wellness-driven hospitality.
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