The Anambra State Government is moving ahead with its ambitious low-cost housing initiative after resolving last-minute bureaucratic and contractual issues. The scheme aims to construct 10,000 affordable homes for civil servants and low-income households in the Isiagu area of Awka South Local Government. The project, which has been approved by Governor Chukwuma Charles Soludo, will be executed via a Public–Private Partnership (PPP) arrangement with real estate developers.
Researchers at the Technical University of Munich (TUM) have launched the GlobalBuildingAtlas, the first high-resolution 3D map of all buildings worldwide. The open dataset includes 2.75 billion building models captured in 2019 satellite imagery, making it the world's most comprehensive collection of its kind. The data is crucial for climate research and supporting the UN Sustainable Development Goals.
Amazon Web Services (AWS) announced that Thai developer Sansiri Public Company Limited has completed a successful large-scale deployment of generative artificial intelligence (Gen AI). The project is Thailand's first extensive use of Gen AI in the real estate sector. AWS reports that the cloud-based solutions have delivered measurable results for Sansiri, accelerating customer response times by 30 per cent and improving satisfaction scores by 25 per cent.
DarGlobal and Art District Real Estate Development have announced a major coastal project in Muscat, Oman, named MAD, the Marine, Art & Digital District. This extensive project, valued at OMR 1.6 billion (USD 4.2 billion), will transform over 1.5 million square metres of coastline over a 12-year development period. The MAD district is conceived as a multi-destination city that combines luxury residential communities, high-end hospitality, cultural venues, and advanced financial and digital industry parks.
Marriott International has made its debut in The Democratic Republic of the Congo with the simultaneous opening of Protea Hotel by Marriott Kinshasa and Four Points by Sheraton Kinshasa. The hotels, managed by SARV Management LLC, offer tailored experiences for business and leisure travellers, with the Protea Hotel featuring 88 rooms and the city’s first indoor pool, and the Four Points by Sheraton offering 134 rooms, a rooftop pool, and 230 square metres of meeting space.
Investcorp Capital PLC, the ADX-listed firm founded by Investcorp, announced the acquisition of a diversified US industrial real estate portfolio for approximately $400 million. The 35-building, 2.6 million square-foot portfolio is 97% occupied and spans seven resilient coastal markets including Sacramento, Philadelphia, Long Island and multiple locations in Florida.
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