Watts Water Technologies Inc., a world leader in water solutions, has successfully purchased Saudi Cast. This strategic purchase was completed on December 1, 2025. It was financed using Watts’ existing cash reserves. Saudi Cast brings annualised sales of about $20 million to Watts. The acquired business will now operate within the APMEA regional segment. The move expands Watts’ operational reach in the Middle East.
Domicil Real Estate AG and its principal shareholder, Baywobau, have secured a major residential complex in Berlin's Treptow-Köpenick district through an asset deal. The property, located in Altglienicke, features 18 buildings with 143 residential units and is set for immediate individual sale. The complex, built in 1996, had recently undergone significant refurbishment including roof, facade, and window replacement work. The transaction's advisors included JLL as broker, Osborne Clarke providing legal counsel to Domicil, and BCLP advising the seller.
Alpine Income Property Trust, Inc. has acquired a three-property portfolio spanning Illinois, Virginia and Louisiana for $2.8 million, achieving a weighted average cash yield of 8.5%.
MRI Software has acquired Melbourne-based Proptech Labs in a deal that will expand its property management technology across Australia and New Zealand. The integration will enhance MRI Property Tree and Palace with advanced automation, inspections, and key management capabilities.
Dar Global has acquired a 28,800 sqm plot in Jeddah to develop a landmark USD 1 billion mixed-use project, marking a key addition to the city’s transformation under Vision 2030.
PENLER has surpassed USD 1 billion in portfolio value, expanding its footprint across the Sunbelt with new acquisitions, developments, and leadership appointments.
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