Asbar Capital and Ladun Investment Company have signed an agreement to develop a mixed-use project in Riyadh. Located in the Al-Munsiyah district, the development will feature a hotel, retail spaces and residential units. Construction costs are estimated to exceed 250 million riyals. Ladun will manage the design, execution and marketing for the project, which aims to maximise the value of the one billion riyal fund.
Construction has begun on the $1.2 billion redevelopment of the former Lakeforest Mall in Gaithersburg, Maryland. Led by WRS Inc., the project will transform the 102-acre site into a walkable mixed-use community. The development includes 1,450 new homes, significant retail space and 35 acres of parkland. This major urban renewal project aims to generate $1.7 billion in annual economic output upon its completion.
The State Properties General Authority and the National Center for Privatization have invited investors to express interest in the "Quality Valley" project in Riyadh. This public-private partnership aims to transform the SASO headquarters into a 191,000 square metre mixed-use development. The project includes office spaces, retail and landscaped areas. Interested parties must submit their applications by 26 April 2026 to participate in this 32 year contract.
A joint venture between American Real Estate Partners and Harrison Street has completed the transformation of a 1980s office block into luxury apartments. CityHouse Old Town features 199 boutique residences and ground-floor retail space. This project represents the first successful conversion of its kind in Alexandria, Virginia, addressing the shifting demand for housing by repurposing underutilised commercial space in a historic district.
Industrial developer SEGRO has reached an agreement with dermatology firm ISDIN to create a new 22,000 m² logistics hub in Martorelles, Barcelona. Scheduled for completion in late 2027, the facility is part of a brownfield regeneration project on a former industrial site. The hub will prioritise sustainability and employee wellbeing, aiming for top-tier environmental certifications and featuring advanced energy management systems to support ISDIN’s global expansion.
Da Nang has marked a major milestone in its maritime development with the completion of shared infrastructure at Lien Chieu Port. A ceremony on March 28 signaled the start of a US$2 billion comprehensive investment project for a new container terminal. This mega-project aims to establish an international transshipment hub in Central Vietnam. It will feature eight berths capable of handling the world’s largest container vessels.
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