Talaat Moustafa Group has unveiled "The Spine," a landmark cognitive city project in Egypt. Launched alongside Prime Minister Dr Mostafa Madbouly, the EGP 1.4 trillion development integrates artificial intelligence with urban living. The project aims to contribute 1 per cent to Egypt’s GDP and create 155,000 jobs. It features a Special Investment Zone designed to attract global corporations through digital infrastructure and simplified regulations.
Houston-based technology firm QSource Group Inc. has acquired AOE, a specialist platform in commercial property lease billing. Alongside the deal, the firm has introduced QTREN, a new digital system designed to centralise property management tasks. A pilot for the software will begin this July, focusing on commercial offices, with a wider roll-out across various property sectors planned for later in the year.
Facilio Inc. has been appointed by Charter Hall to digitise and centralise operations across its Australian office portfolio. Following a successful tender, the proptech firm will implement its Connected CMMS platform across more than 100 assets. The partnership aims to automate workflows, improve compliance and enhance vendor management. This shift replaces manual reporting with real-time data to drive efficiency across the national commercial real estate network.
Mahindra Lifespace Developers has launched the first two residential phases of Mahindra Rainforest in Kanjur, Mumbai. The premium mixed-use project covers nearly 25.47 acres on LBS Marg. With an estimated development value of ₹3,000 crore ($315.6 million), the site will feature 2 and 3 BHK homes alongside retail and commercial spaces. The development focuses on sustainable urban living with over seven acres of dense green space.
OpenAI has secured a significant long-term lease for the entire 350-380 Ellis office campus in Mountain View. The deal involves a 450,000 square foot Class A property owned by KKR Real Estate Finance Trust Inc. and TMG Partners. Following a major renovation to modernise the five-building site, the AI giant will move into the heart of Silicon Valley to support its rapid growth and operational scaling.
CapMan Real Estate has agreed to forward fund two significant residential developments in Stockholm through a partnership with Reliwe. The projects in Barkarby and Flemingsberg will deliver 478 new apartments and 10 commercial units to the region. Both sites are positioned for high connectivity, situated within 25 minutes of Stockholm city centre. The transaction is expected to close in March 2026, with construction beginning shortly.
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