Hyundai E&C has selected 12 promising startups through its fifth annual open innovation contest, co-hosted with the Seoul Economic Promotion Agency. Chosen from 156 applicants, these firms will undergo a four-month proof-of-concept phase to test emerging technologies across artificial intelligence, robotics, digital healthcare and smart construction. The initiative aims to integrate cutting-edge solutions directly into active construction sites and residential developments.
SURJ Sports Investment, a company owned by Saudi Arabia’s Public Investment Fund, has launched a new joint venture called radia alongside Live Nation and Oak View Group. The initiative will manage, operate and commercialise multi-use sports and entertainment venues across the country. It aims to support Saudi Arabia’s growing sports sector, which is projected to exceed $22 billion in value by 2030.
The global investment firm H.I.G. Capital has launched Highground Living, a €1 billion German residential property platform based in Berlin. The business consolidates the firm's current regional assets alongside a new €450 million acquisition in Leipzig and Dresden. The platform targets long term sector growth driven by widespread structural housing shortages and resilient tenant demand.
The American property firm GID has announced a major expansion of its residential development platform into the Texas market. Directed by industry veteran Matt Miller, the initiative targets regional housing demand, rising populations and job growth. The group plans to build on its existing multi-state pipeline, utilising its integrated property management, construction and design capabilities to deliver new multifamily housing communities across high-priority regions.
The architecture practice Snøhetta has revealed designs for Sweetbird North, an 8-story mixed-use development in the Miami Design District. The 120,000 square foot project for Raycliff Capital features workspace, retail units and a hurricane-resistant stainless steel mesh façade. The scheme marks a structural shift toward greater density in the area, incorporating integrated vertical gardens and outdoor office terraces.
A consortium led by Frasers Property has submitted the highest bid of S$2.1 billion for the Bayshore Drive mixed-use site in Singapore. Spanning over 57,000 square metres, this key parcel will form the only integrated transport, retail and residential hub in the new Bayshore precinct, linking directly to Bedok South MRT station and a new bus interchange.
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