Penta Real Estate has formally entered the UK property market by acquiring two residential development sites in London's Canary Wharf and Nine Elms. The projects, which represent an investment of over GBP 700 million, will collectively deliver more than 680 new apartments. The developments, which began construction this year and are set for completion in 2029, are being undertaken through an equal-share joint venture with the established London developer Ballymore.
The Park Hyatt Tokyo, Asia’s first establishment under the brand, has completed a landmark 19-month, property-wide restoration. Announced on 9th of December by Hyatt Hotels Corporation, the project was led by Paris-based design studio Jouin Manku and marks the most extensive renewal in the iconic hotel’s 30-year history. The work spans 171 redesigned guestrooms and suites, restored public spaces, and elevated dining offerings including the new Girandole by Alain Ducasse.
The Ritz-Carlton Key Biscayne, Miami has reopened following a striking $100 million transformation led by Gencom and acclaimed design studios. The renewal introduces a modern coastal glamorous aesthetic across its seventeen-acre beachfront setting, revitalising all accommodations, public spaces, and amenities.
Modon has unveiled Bashayer, the first ultra-exclusive waterfront community on Hudayriyat Island in Abu Dhabi, offering views of Al Bateen Beach and the city skyline. The community is linked by a 3.5-kilometre waterfront promenade and a linear park, marking the next stage in Hudayriyat Island’s growth as a major integrated lifestyle destination.
RAK Properties has concluded its 20th anniversary year with the unveiling of Nura, a luxury resort-style residential project on Raha Island's Downtown Mina. The development features 312 units across two modern towers, offering a range of studios to four-bed penthouses with strong investment and rental appeal. Nura is centrally positioned, blending contemporary architecture inspired by the constant interaction of land and sea with a wide array of premium amenities.
Kronos Homes has launched its first mixed-use tourism project in Lisbon, the €150 million MIMA development in the Parque das Nações district. A core component is MIMA Living, offering 180 residential apartments with a new concept of urban housing. The fully furnished apartments, designed by Broadway Malyan, combine contemporary architecture and flexibility. Notably, the model offers professional tourism management, allowing buyers to generate income when not occupying the homes.
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