Verdion and Legal & General’s Industrial Property Investment Fund (IPIF) have secured a key urban logistics development site in the London Borough of Greenwich. The 2.6-acre brownfield site on Nathan Way has a GDV of £30 million. This deal marks the first collaboration between the two firms. Verdion will act as the developer, creating 78,987 sq ft of new floorspace across six small to mid-box units.
H.E. Saleh bin Nasser Al-Jasser, the Minister of Transport and Logistic Services, has inaugurated the Agility Logistics Park – Jeddah. This massive project represents a SAR 611 million private-sector investment by Agility Logistics Parks (ALP). The complex spans over 576,760 sqm and includes six Grade-A warehouses built to high international standards. Strategically located near Jeddah Islamic Port, the park is designed to serve high-growth sectors including e-commerce, retail, and technology.
Dar Al Majed Real Estate has entered a major partnership with the Jadwa 47 Fund, managed by Jadwa Investment Company, to build a high-quality mixed-use project in Riyadh. The development, located on King Salman Road next to the SABB station, covers over 8000 square meters. Its estimated total development cost is approximately one billion riyals. Dar Al Majed will act as the exclusive developer and holds an option to invest 50 million riyals in the fund
A major new Saudi-Swiss partnership has been launched in Riyadh to revolutionise hospitality and tourism education in the Kingdom. It is led by Tanmeya Capital, which manages the SAR600 million Tanmeya Hospitality & Tourism Fund. Tanmeya Capital is partnering with Sommet Education, the parent company of Les Roches, École Ducasse, and Glion Institute of Higher Education. The goal is to train Saudi and international talent to the highest global standards, meeting the growing demands of the national tourism sector.
La Premiere Realty and Gables Construction Group have officially announced a major new exclusive collaboration based in Coral Gables, Florida. The partnership is designed to offer clients a fully streamlined service for property acquisition and subsequent construction work. The integrated service begins with La Premiere Realty handling the land acquisition phase. It then moves directly into construction, culminating in a fully constructed, move-in-ready home delivered by Gables Construction Group.
KORA Properties, the real estate arm of APPCORP Holding, has launched IL VENTO, a 40-floor luxury apartment tower in Dubai Maritime City. Named after the Italian word for ‘The Wind,’ the tower features 330 apartments, including four penthouses with private pools. The development blends serene coastal beauty with urban convenience, being only 15 minutes from Dubai Mall and the airport. It offers residents over 40 facilities and amenities, including a sky pool and yoga area.
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