IRHM, Your Global Window into Real Estate and Hospitality

July 4, 2026

Lucra and Great Linqx have partnered to launch a gamified sports entertainment concept across the United States. Using Lucra’s mobile technology, Great Linqx will offer real-money tournaments and skill-based challenges at its new mixed-use venues. The first location is set to open in 2027. The project targets mid-sized cities and aims to combine competitive gaming with community living and dining.
Asbar Capital and Ladun Investment Company have signed an agreement to develop a mixed-use project in Riyadh. Located in the Al-Munsiyah district, the development will feature a hotel, retail spaces and residential units. Construction costs are estimated to exceed 250 million riyals. Ladun will manage the design, execution and marketing for the project, which aims to maximise the value of the one billion riyal fund.
Construction has begun on the $1.2 billion redevelopment of the former Lakeforest Mall in Gaithersburg, Maryland. Led by WRS Inc., the project will transform the 102-acre site into a walkable mixed-use community. The development includes 1,450 new homes, significant retail space and 35 acres of parkland. This major urban renewal project aims to generate $1.7 billion in annual economic output upon its completion.

The State Properties General Authority and the National Center for Privatization have invited investors to express interest in the "Quality Valley" project in Riyadh. This public-private partnership aims to transform the SASO headquarters into a 191,000 square metre mixed-use development. The project includes office spaces, retail and landscaped areas. Interested parties must submit their applications by 26 April 2026 to participate in this 32 year contract.
A new energy positive hub named Écosystème D has launched in Dunkirk to drive the regional energy transition. Located on Mole 2, the bioclimatic building houses an incubator, training centre and technology hall. Designed by Snøhetta, the project produces more energy than it uses through 1,200 m² of solar panels. It serves as a strategic link between the industrial port and the city centre.
SF REIT Asset Management has named Alan Lam Chung Chi as its next Executive Director and Chief Executive Officer. Currently serving as Deputy CEO, Mr Lam will take over the leadership role following the annual general meeting on 12 May 2026. He succeeds Hubert Chak, who is retiring after five years of service. Mr Lam brings extensive experience from the logistics property and financial sectors to the position.

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