Emirates Global Aluminium and Sunstone have announced a $300 million joint venture to build a major anode manufacturing plant in the UAE. Scheduled for construction in 2026, the facility will produce 300,000 tonnes of anodes annually, significantly reducing the country’s reliance on imports. The project marks Sunstone's first manufacturing expansion outside of China and is a key part of the UAE's Operation 300bn industrial growth strategy.
Holcim has announced a major expansion in Latin America through the acquisition of a majority stake in Cementos Pacasmayo for USD 1.5 billion. The deal brings a leading Peruvian building materials producer into the Holcim portfolio, adding 5 million tons of annual cement capacity and 28 concrete plants. Projected to close in the first half of 2026, the acquisition is expected to be immediately accretive to earnings per share.
Measurabl has announced a major leadership transition with the appointment of Maureen Waters as Chief Executive Officer. Waters, who previously served as President, takes over from Co-founder Matt Ellis as the company seeks to accelerate its growth within the real estate data sector. During her time as Chief Growth Officer, Waters oversaw significant operational improvements and the launch of a free sustainability solution used across 47 countries.
Hilton is set to expand its luxury footprint in the Caribbean with the 2028 opening of AMARIS Grace Bay in Turks and Caicos. The project will operate under the LXR Hotels & Resorts brand and feature 170 guest rooms alongside high-end branded residences. This development is part of a broader push by Hilton to double its luxury presence in the region through its top-tier brands.
IHG Hotels & Resorts is set to debut its Kimpton brand in Morocco following a strategic agreement with Sirayane Hospitality. The 67-room Kimpton Marrakech will open in late 2026, offering a luxury lifestyle experience south of the city's historic centre. Featuring a rooftop restaurant and views of the Atlas Mountains, the project highlights the growing international demand for boutique hotels in North Africa.
CAPREIT has confirmed the acquisition of six new rental properties across Canada, totalling nearly $293 million in investment. The deal includes major residential complexes in Quebec, Saskatchewan, and British Columbia, aimed at modernising the firm's portfolio. Alongside these purchases, the trust has committed $94 million to share buybacks as part of its ongoing capital strategy.
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