An investor group led by Affinius Capital and Vista Hill Partners has finalised a 3.5 billion dollar all-cash takeover of Veris Residential. The transaction transitions the former real estate investment trust into private ownership. The deal secures a portfolio of 6,581 premium apartment units located primarily along the strategic Hudson River waterfront across from Manhattan and throughout the northeastern United States.
Phat Dat Real Estate Development and Lotte Properties HCMC have signed a Memorandum of Understanding to collaborate on the Thu Thiem Eco Smart City project in Ho Chi Minh City. The large-scale urban complex will feature offices, retail malls, hotels and luxury apartments. The venture aims to establish a new international financial center by blending local development strengths with global real estate expertise.
Episurf Medical has signed a SEK 660 million deal to acquire 45 vehicle inspection and logistics properties from Lilium. The acquisition adds SEK 49 million in annual rental income to Episurf's growing Nordic real estate platform, expanding its industrial footprint across Sweden with a highly occupied portfolio backed by stable public and private tenants.
Hospitality leader Accor has launched a five year global eco-initiative to test and scale resource-saving technologies across its international network. The project targets the validation of over 100 environmental systems by 2030, beginning with an intense operational focus on commercial water efficiency. Partnering with non-profit Water Unite, the company will pilot advanced recycling and reuse systems across its portfolio.
Houston real estate investment firm Griffin Partners has expanded its senior leadership team to manage its growing national portfolio. Kelly Agent has been promoted to Chief Operating Officer, and long-serving principal Lee Moreland has been appointed as Chief Portfolio Officer. The executive changes aim to scale operations across the company's 6.7 million square feet of commercial property.
Megaworld is expanding its regional office portfolio by constructing three new developments in Bulacan, Bacolod and Davao. These projects will introduce over 51,000 square meters of gross leasable space into the market. The expansion targets rising demand outside Metro Manila, with a strong focus on sustainable, LEED-certified buildings situated inside the developer's integrated township communities.
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