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.
ICG Real Estate has issued a £152 million loan to Arada London for a new residential scheme in Swiss Cottage. The project at 100 Avenue Road features a 25-storey tower with 172 private units and a second block providing 79 social rented homes. Construction is underway on the 0.93-acre site. The development includes luxury amenities and retail units with a scheduled completion date of autumn 2028.
Property developer Arada has introduced Jenna, an upscale residential development within the Aljada megaproject in Sharjah. The six-building complex features 631 premium apartments ranging from one to three bedrooms. Residents will have access to smart home technology and high-end amenities. This launch follows a significant 40.7% rise in Sharjah’s real estate trading value during the first quarter of 2026, reflecting strong market demand.
Chicago based firms Riverside Investment & Development and Singerman Real Estate have acquired the former Two Wells Fargo Center for $36.5 million. The developers plan to turn the 800,000 square foot office complex into a high-end mixed-use site featuring flats, a hotel and shops. Work on the Charlotte project is scheduled to begin in 2027 following the successful delivery of the firm’s first local luxury tower.
Related Digital and Blackstone have secured financing for a $16 billion data centre project in Saline Township, Michigan. The campus is designed for Oracle and OpenAI to boost AI computing capacity. The development promises thousands of jobs and millions in tax revenue. It features sustainable technology such as a closed loop cooling system and incorporates a large battery storage investment to assist the local energy grid.
Vietnam and the US are looking to increase cooperation in infrastructure and logistics following a high level meeting in Hanoi. Deputy Minister of Construction Nguyen Tuong Van met with a 52 company delegation from the US-ASEAN Business Council to discuss transport and urban projects. The talks focused on aviation, seaports and smart city development as Vietnam seeks to solidify its position in the global supply chain.
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