The Ascott Limited has strengthened its European presence with seven new property signings across Vienna and Seville, totalling nearly 1,100 units. The move deepens the group’s partnership with VIE Trust Real Estate Group and expands its footprint in Spain with its first resort project in Seville’s Lagoon City.
Ellington Properties has taken a major step forward in developing Mercer House in Uptown Dubai, signing a AED 1 billion+ construction contract with China Railway 18th Bureau Group. The partnership marks a significant moment for one of Dubai’s leading design-led projects, which is already recognised internationally for its architectural and lifestyle excellence.
RangeWater Real Estate has appointed Wendy Tucker as Managing Director of Property Management, expanding its leadership team as it continues to grow across the Sun Belt and Mountain West. Tucker, a seasoned professional with more than 25 years in the multifamily housing industry, will oversee operations across Coastal Georgia, the Carolinas, and the Mid-Atlantic regions.
IHG Hotels & Resorts has opened the first Garner hotel in Türkiye with the launch of Garner Hotel Istanbul – Airport Arnavutköy. Located just 14 kilometres from Istanbul Airport, the 56-room property is designed to provide comfort, convenience, and value for both business and leisure travellers, marking a key milestone for IHG’s expanding Garner portfolio.
The Securities and Futures Commission has launched a new REIT Channel and streamlined authorisation process to accelerate the approval of real estate investment trusts in Hong Kong. The initiative aims to enhance efficiency, improve transparency, and promote the city’s growth as a leading REIT and investment hub.
Arada has awarded a AED397 million contract to Modern Building Contracting Company for the construction of Rove Aljada, a mixed-use hospitality and residential complex within the Aljada megaproject. The four-building development, located near Arada CBD and Madar Mall, is set for completion by the end of 2027 and will feature 192 hotel rooms and 306 branded residences.
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