AREIT, Inc. recorded a 36 per cent increase in first-half net income to P5.8 billion, driven by strong revenues and portfolio expansion. Total revenues rose 30 per cent to P7.7 billion, while assets under management reached P159.4 billion. The firm has proposed a P20 billion asset infusion from Ayala Land, Inc., which will increase its total portfolio value to P179 billion following pending regulatory approvals.
London-listed luxury developer Dar Global has awarded the podium construction contract for Trump International Hotel & Tower, Dubai, to Gulf Asia Contracting. Following the completion of enabling works in September 2026, the 80-storey Sheikh Zayed Road development enters its next building phase. The 350-metre tower will combine a hotel, residences and a private members' club.
Arup and Obermeyer GmbH & Co. Kg have secured a masterplanning contract from Autobahn GmbH to redesign the A3/A1 motorway junction in Leverkusen. As one of Germany's oldest and busiest interchanges, the site will undergo extensive modernisation to ease congestion. The joint venture project features key civil engineering works, including a new one-kilometre bridge near the BayArena, while maintaining continuous traffic flow during construction.
ExxonMobil Mozambique Limitada has awarded a Letter of Intent to the SMDC joint venture for the midstream execution of the Rovuma LNG Phase 1 project. Comprising McDermott, Saipem, Daewoo Engineering & Construction and CPECC, the consortium will perform initial design, procurement and constructability tasks. The $18.6\text{ million tonne}$ per year facility targets a Final Investment Decision in 2026, ahead of scheduled 2031 commercial operations.
DP World is expanding its UK logistics footprint by taking over six contract logistics facilities from GXO Logistics. The deal includes over two million square feet of warehousing capacity and transfers 2,000 employees. Triggered by a Competition and Markets Authority requirement following GXO’s purchase of Wincanton, the acquisition strengthens DP World's national supply network across ambient, chilled and frozen storage for major British grocers.
Tether has announced a partnership with First Data and BKN301 to deploy its Hadron asset-tokenisation platform in Saudi Arabia. The collaboration will focus on converting institutional-grade real estate into digital tokens. First Data will act as the commercial lead and primary market operator, while BKN301 provides operational and banking integration support. The project supports Saudi Arabia's Vision 2030 objectives by increasing liquidity and broadening property investment access.
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