The Impact&Places Partnership has made its first acquisition by securing the Ferrous site in Manchester. This £860 million joint venture between Homes England, Capital&Centric and Swiss Life Asset Managers aims to build 2,250 homes nationwide. The Manchester project will deliver 107 rental apartments on former industrial land. Supported by the National Housing Bank, the scheme focuses on accelerating residential-led regeneration in areas with high housing demand.
Blackstone has closed its Blackstone Capital Opportunities Fund V at its $10 billion hard cap. The fund was oversubscribed and represents the firm's largest opportunistic credit vehicle to date. Managed by the Blackstone Credit & Insurance division, the fund will target private corporate credit and structured solutions globally. The move follows a successful track record for the strategy, which has delivered a 13 per cent net IRR since 2007.
Facilio Inc. has been appointed by Charter Hall to digitise and centralise operations across its Australian office portfolio. Following a successful tender, the proptech firm will implement its Connected CMMS platform across more than 100 assets. The partnership aims to automate workflows, improve compliance and enhance vendor management. This shift replaces manual reporting with real-time data to drive efficiency across the national commercial real estate network.
A joint venture between American Real Estate Partners and Harrison Street has completed the transformation of a 1980s office block into luxury apartments. CityHouse Old Town features 199 boutique residences and ground-floor retail space. This project represents the first successful conversion of its kind in Alexandria, Virginia, addressing the shifting demand for housing by repurposing underutilised commercial space in a historic district.
South Korea's KIND has signed a strategic partnership with Indonesia's new $900 billion sovereign wealth fund, Danantara. The agreement covers comprehensive cooperation in transportation, renewable energy and urban development. Beyond domestic projects like Jakarta data centres, the two nations plan to pursue joint infrastructure opportunities in ASEAN markets and Saudi Arabia, leveraging Korean technological expertise and Indonesian capital.
Incheon International Airport Corporation and UPS have officially opened the expanded Express Logistics Center following a 30 billion won investment. The project increases import cargo capacity from 27,000 tons to 190,000 tons per year. This development secures a more stable national supply chain and reinforces Incheon Airport as a leading logistics hub in Northeast Asia despite ongoing global supply chain volatility and regional instability in the Middle East.
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