Saudi Downtown Company has signed a major agreement with national firm Ansab Company. The deal covers the comprehensive design and construction of critical infrastructure works for the Downtown Al Khobar project. The contract will focus on developing roads, implementation networks and street lighting to build an integrated urban environment that supports long term economic growth in the region.
Philippine property giant Megaworld has raised P5.6 billion from block sales of MREIT shares to fund its township development pipeline. The capital will back the next generation of recurring income assets ahead of a major fifth asset infusion. This incoming "Wave 5" expansion will add 303,500 square meters of gross leasable area, diversifying the real estate investment trust beyond offices into retail and hotels.
Ayala Land Offices’ One Ayala East and West Towers in Makati City have achieved LEED Gold certification for their 74,531-square-meter commercial space. Alongside the South Tower, all three buildings have also secured EDGE Zero Carbon status via 100% renewable energy use and efficiency measures, offering global tenants premium office space aligned with strict corporate ESG targets.
A new report by property consultancy Cavendish Maxwell reveals that Ras Al Khaimah will deliver 25600 new residential units by 2030. The massive property boom is fueled by a population projected to reach 650000 alongside major infrastructure upgrades. Apartments will comprise 97% of the upcoming pipeline to meet shifting buyer demands, with peak delivery expected to hit 9100 homes in 2029.
Commercial property specialist Transwestern has finalised the acquisition of Forte Real Estate Partners to grow its corporate footprint in the US Midwest. The corporate takeover brings 12 specialist tenant advisors into Transwestern's regional office in Minneapolis, alongside a commercial property portfolio spanning nearly 1 million square feet. Forte has overseen more than $885 million in transactions since its formation five years ago.
The Sharjah Investment and Development Authority (Shurooq) has chosen Minor Hotels to manage the Sharjah Collection, a regional portfolio of seven eco-focused boutique properties. The international operator will integrate the coastal, desert and mountain retreats into its luxury network after a series of upgrades, boosting global reach while protecting local heritage.
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