Samsung C&T Corporation has secured official technical certification from the Korea Concrete Institute for its precast concrete beam-column dry connection method. The assembly system eliminates internal load-bearing columns to support the company’s Next Home spatial layout while achieving high-level seismic resistance. By using engineered steel brackets and bolts, the dry joint method speeds up on-site construction and strengthens structural safety for high-rise residential developments.
Skanska has divested the second phase of its H2Offices scheme in Budapest, Hungary, to ERSTE Open-Ended Real Estate Investment Fund for EUR 98 million (SEK 1.1 billion). The 22,000-square-metre building is fully pre-leased to an international firm on a 10-year term. Skanska Commercial Development Europe will record the transaction in the third quarter of 2026, with property handover scheduled for late 2027.
Banyan Group has acquired a majority stake in Cape Town-headquartered Newmark Hotels & Reserves through a phased structure leading to full ownership. The transaction adds 26 managed properties across seven African countries to Banyan Group’s portfolio, expanding its reach to nearly 130 hotels, resorts and reserves globally. Newmark will continue operating under its existing brand, leadership and local management structure.
Samsung Electronics and five group affiliates have committed USD 1 billion to Helix Digital Infrastructure, an AI platform created by KKR. Samsung Electronics contributes USD 500 million, alongside funds from Samsung C&T, Samsung SDS, Samsung SDI, Samsung Life Insurance and Samsung Fire & Marine Insurance. Helix builds hyperscale data centres, power generation and fibre networks alongside founding backers KKR, KIA, NVIDIA and Vistra.
RUA Al-Haram Al-Makki Company has signed a collaboration deal with Malaysia’s MRCB International to explore a SAR 21 billion transit-oriented development within Makkah's King Salman Gate scheme. The proposal features a public bus terminal integrated with residential, commercial and retail elements. Designed to improve transport links for global pilgrims, the initiative supports Saudi Vision 2030 goals while maintaining local heritage.
Arada has submitted initial planning applications for its AED12 billion Thameside West regeneration project to the London Borough of Newham. The first stage will deliver nearly 1,500 homes, including two buildings providing 100% social rent. Spanning 47 acres in the Royal Docks, the landscape-led masterplan incorporates a seven-acre public park, a one-kilometre waterfront walk and plans for a new DLR station.
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