Mirvac Group has named Kit Georgeos as Chief Executive Officer, Funds Management, starting 6 October 2026. Ms Georgeos will oversee the group’s wholesale investment vehicles, capital partnerships and investor relations, while joining the Executive Leadership Team under Campbell Hanan. Having joined Mirvac in 2023 as Fund Manager for the Mirvac Wholesale Office Fund, her promotion triggers a search process to fill her previous role.
Knowledge Economic City has signed an agreement with Almajdiah and Capital Hill to launch a SAR 2.8 billion residential development in Madinah. Built on 97,000 square metres of land, the project features 2,700 apartments, commercial units and extensive parking. The target market includes non-Saudi international Muslim buyers under updated Kingdom ownership rules, with funding handled via a closed-ended real estate investment fund.
Realty Income has partnered with global investment firm KKR to create a euro-denominated joint venture holding a portfolio of European net lease assets. Under the agreement, KKR will invest €528 million for a 49 per cent equity stake, while Realty Income holds 51 per cent and continues property management. The deal covers 54 properties across Spain, Ireland, Poland and the Netherlands, backed by steady rental growth.
Dubai Holding has awarded an AED 5 billion construction contract to China State Construction Engineering Corporation Middle East (CSCEC ME). Witnessed by Sheikh Ahmed bin Saeed Al Maktoum, the Group's largest contract to date finances the construction of its new group headquarters and Jumeirah Residences Emirates Towers. Designed by Skidmore, Owings & Merrill and SCDA Architects respectively, the developments will be completed in 2029 and 2030.
Indigo Networks has expanded its headquarters at Green Park in Reading to support business growth and rising demand for utility infrastructure. The independent network operator signed a new lease for a larger space at 100 Brook Drive, owned by Mapletree Investments. Currently serving more than 210,000 UK premises across electricity, water and gas networks, the company aims to accommodate workforce expansion and support the UK transition to net zero.
Marriott International and LG Electronics have teamed up to create a cloud-based in-room entertainment and technology platform. The new system merges LG's hardware capabilities with Marriott's enterprise tech infrastructure. Rolling out initially as a pilot project across 40 properties in the United States and Canada, the hotel chain aims to eventually launch the technology across its participating global portfolio.
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