Hyundai E&C has selected 12 promising startups through its fifth annual open innovation contest, co-hosted with the Seoul Economic Promotion Agency. Chosen from 156 applicants, these firms will undergo a four-month proof-of-concept phase to test emerging technologies across artificial intelligence, robotics, digital healthcare and smart construction. The initiative aims to integrate cutting-edge solutions directly into active construction sites and residential developments.
The global investment firm H.I.G. Capital has launched Highground Living, a €1 billion German residential property platform based in Berlin. The business consolidates the firm's current regional assets alongside a new €450 million acquisition in Leipzig and Dresden. The platform targets long term sector growth driven by widespread structural housing shortages and resilient tenant demand.
Galvanize Real Estate has entered the Massachusetts market by acquiring the 360,000-square-foot Liberty Logistics Portfolio in Greater Boston. The three-building purchase expands the firm's US footprint to 3.2 million square feet. The company plans to modernise and decarbonise the assets through solar power, electrification and battery storage, aiming to reduce onsite emissions by 104%.
Skanska has secured a SEK 370 million contract with Lundbergs Fastigheter to build four rental apartment buildings in Jönköping. The project in Södra Munksjön will feature commercial spaces, underground parking and a total gross area of over 21,700 square meters. Construction starts in mid-2026, with completion scheduled before the end of 2028 under the Miljöbyggnad Silver environmental standard.
Bridgepoint has agreed to buy US investment platform Kayne Anderson Real Estate for an upfront enterprise value of $1.393 billion. The deal adds real estate as a fifth investment vertical for the mid-market investor, expanding its total assets under management to approximately $117 billion. The transaction is expected to close at the end of 2026, subject to regulatory approvals.
AvalonBay Communities and Equity Residential have revealed the future executive leadership team for their combined firm. The appointments will take effect after the completion of their multi-billion dollar corporate merger, which is scheduled for the second half of 2026. The new entity will control a substantial residential portfolio containing more than 180,000 rental apartments across the United States.
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