Modon Holding has announced a significant entry into the US residential market by forming a joint venture to build Harborside 4 in Jersey City. The Abu Dhabi-based firm will take a majority stake in the 54-story luxury tower alongside US giants Related Companies and Panepinto Properties. This waterfront development is set to provide 800 new homes, split between rental units and luxury condominiums, by early 2029.
EQT Real Estate has confirmed the purchase of the I-78 Commerce Center, a massive 809,000 square foot distribution hub in Berks County, Pennsylvania. The move marks a significant expansion of the EQT Real Estate Industrial Core-Plus Fund IV, targeting high-specification logistics infrastructure in markets with restricted supply. With state-of-the-art features including 40-foot clear heights and extensive trailer parking, the facility is designed to meet the growing needs of national distribution networks.
Modon has awarded an AED 5 billion construction contract for the Nawayef East and Nawayef West developments on Hudayriyat Island, marking Abu Dhabi's biggest residential deal of 2025. The project will see 735 luxury villas built on record-breaking man-made hills, some rising up to 55 metres high. This landmark agreement follows earlier infrastructure works as the island continues its transformation into a premier residential hub.
Crewstone International has announced a significant RM10 million investment into Zen Vision Group to support housing and property financing in Malaysia. Zen Vision, which has seen profits jump eightfold recently, will use the funds to deliver 71 upcoming projects. The deal follows a structured, milestone-based approach to ensure responsible growth. Both firms aim to provide more sustainable pathways for local homeownership through integrated property management and interior services.
New Murabba has formalised a strategic partnership with Saudi Arabia's Ministry of Municipalities and Housing to streamline urban development in Riyadh. The agreement covers land use integration, green space expansion and the adoption of global best practices for infrastructure. By aligning architectural identities and smart city strategies, the two bodies aim to deliver a sustainable modern downtown. The deal also focuses on traffic safety and community participation as part of the broader Saudi Vision 2030.
BGO has marked its entry into the North American student housing sector by acquiring a two-tower complex in Edmonton, Canada. The Eleanor and Laurent towers provide a mix of 493 student beds and 272 residential apartments, including 68 affordable units. Located in the Garneau district near the University of Alberta, the fully leased assets represent a significant expansion for BGO’s residential platform.
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