Golden Land Development has announced its first residential venture, Naseem compound, located in the Green Revolution area of Sheikh Zayed. The EGP 5 billion project features a low-density design with only 27% building coverage across 8.5 feddans. Offering units from one to four bedrooms, the development is positioned near the Grand Egyptian Museum and Sphinx International Airport. With payment plans extending up to ten years, the project marks a significant expansion for the developer into Egypt’s luxury residential market.
AirTrunk has secured a new site in Melbourne's north-west for a massive 354MW hyperscale data centre campus. The A$5 billion MEL2 project will take the company's total Victorian investment to A$7 billion and support Australia's recently launched National AI Plan. It is estimated that the development will create 4,000 construction jobs and over 200 permanent roles.
Hyatt Hotels Corporation has expanded its presence in Vietnam with the opening of Hyatt Regency Nha Trang. The new beachfront hotel features 434 guestrooms and suites designed to reflect the local maritime culture and fishing traditions. Situated on the prominent Tran Phu Street, the property offers easy access to the city’s historic district and transport links.
AC Hotels by Marriott has officially launched its first Philippine property in the heart of Manila's Ortigas Center. Located in the sustainable GLAS Tower, the 160-room hotel merges European design with Filipino culture. It features a range of amenities including a rooftop bar on the 61st floor, extensive meeting facilities and panoramic city views. The opening marks a significant expansion for Marriott Bonvoy in Southeast Asia.
Blackstone has finalised a deal to acquire Tokyo C-NX, a premier Grade A logistics facility, for more than JPY 100 billion. The transaction is the largest logistics deal in Japan for 2025 and involves a 1.6 million square foot warehouse in the strategic Tokyo Bay area. As Japan’s e-commerce market grows to become the world’s fourth largest, Blackstone is positioning itself as a key partner for local corporates.
The IPO of Action Energy Company concluded with exceptional results, seeing subscription coverage reach KWD 276 million earlier this month. Managed by National Investments Company, the offering was more than five times oversubscribed, showing strong appetite for Kuwaiti energy assets. Shares were priced at 212 fils each, with trading having already begun on the Premier Market of Boursa Kuwait on 17 December 2025.
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