Logistics real estate specialist ESR has expanded its partnership with Mitsubishi Estate Asia through a new joint venture in Western Sydney. The deal will fund a premium 700 million Australian dollar industrial estate spanning 18.3 hectares in Huntingwood. Construction is slated to begin later this year, delivering up to 114,005 square metres of modern warehousing space to address exceptionally low vacancy rates in the region.
Vinhomes has launched a five-year scheme alongside gold and silver companies to help clients convert idle gold into cash to purchase properties. Buyers can later opt to keep the real estate or receive 110% of their converted gold value. The initiative aims to mobilize capital while supporting Vinhomes as it targets a record revenue growth of over 15% this year.
Aldar and the Department of Municipalities and Transport have formed a massive public-private partnership to transform Abu Dhabi's urban landscape. The deal activates 20 million square metres of land across five locations to create integrated communities. These developments include affordable rental housing, lifestyle districts and the first-ever residential project on Al Mihsinah Island. The project focuses on walkable neighbourhoods, green spaces and enhanced connectivity.
Hyatt Hotels Corporation has signed a major master franchise agreement with Dossen Group to launch the Hyatt Select brand in the Chinese mainland. This strategic partnership focuses on the upper-midscale sector, combining Hyatt’s international reputation with Dossen’s extensive local network. The move aims to meet rising demand for affordable quality among modern travellers while providing flexible, high-value development opportunities for hotel owners across the region.
Construction has officially begun on the civil aviation component of Phan Thiet Airport, a project valued at over 3,900 billion VND. Led by Sun Group, the 4E-standard airport is expected to be completed within two years. Located in Mui Ne, the facility features a Champa-inspired terminal designed to handle two million passengers annually, marking a significant milestone for regional connectivity and tourism.
The Halan AZ Real Estate Investment Fund has fully closed its first hospitality tranche, marking a successful entry into Egypt’s income-generating asset market. Partnering with Brassbell Hospitality Group, the fund is converting heritage buildings in Cairo into institutional-grade assets. With plans to develop 700 keys in 2026, the project aligns with national goals to expand tourism capacity following record-breaking sector revenues in 2025.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
