Devonport City Council has unveiled the Formby Road Urban Renewal Study, identifying two major CBD sites for private development. Part of the LIVING CITY project, the plan proposes high-end apartments and commercial offices to replace existing car parks. By creating a new urban plaza and improving pedestrian links to the Mersey River, the council aims to boost footfall for local retailers and meet growing demand for inner-city living.
Saudi Arabia and Syria have signed a series of strategic investment agreements covering aviation, telecommunications, and infrastructure. Minister of Investment Khalid Al-Falih led a high-level delegation to Damascus to meet with President Ahmad Al-Sharaa. The deals include a major redevelopment of Aleppo International Airport and the creation of a new joint airline with Flynas. STC will lead efforts to modernise Syria's digital infrastructure while ACWA Power explores a large-scale desalination project.
Marriott Bonvoy has expanded its footprint in Greater China with the launch of Artik Suzhou, Apartments by Marriott Bonvoy. This opening represents the brand's first entry into the Asian market. The suites are designed for longer stays, featuring full kitchens and laundry facilities. It sits within the China Central Place complex, providing guests with proximity to major cultural landmarks and high-speed rail links to Shanghai.
UN Tourism has launched a new Road Map to prepare for the International Year of Sustainable and Resilient Tourism in 2027. This strategy follows a mandate from the United Nations General Assembly. The plan was recently welcomed by the Committee on Tourism and Sustainability during a summit in Madrid. The organisation aims to use the next three years to position the travel sector as a key driver for global development beyond the 2030 goals.
CapMan Buyout is set to sell its stake in PDSVISION to private equity firms Bridgepoint and Polaris after a five-year partnership. Since 2020, the software solution provider has grown its revenue fivefold to SEK 1.7 billion and expanded its operations to 15 countries. The deal, expected to complete in early 2026, marks PDSVISION's transition from a regional Nordic player to a global leader in digital engineering.
CapMan Real Estate and Scandic have completed the full refurbishment of the historic Hotel Laajavuori in Finland. The project involved two phases of work to modernise guest rooms and public areas while preserving the building's 1970s architectural identity. Significant environmental upgrades, including 71 geothermal wells, have slashed energy use and shifted the property to entirely carbon-free energy sources.
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