IRHM, Your Global Window into Real Estate and Hospitality

August 19, 2026

Construction

Arup and Obermeyer GmbH & Co. Kg have secured a masterplanning contract from Autobahn GmbH to redesign the A3/A1 motorway junction in Leverkusen. As one of Germany's oldest and busiest interchanges, the site will undergo extensive modernisation to ease congestion. The joint venture project features key civil engineering works, including a new one-kilometre bridge near the BayArena, while maintaining continuous traffic flow during construction.
ExxonMobil Mozambique Limitada has awarded a Letter of Intent to the SMDC joint venture for the midstream execution of the Rovuma LNG Phase 1 project. Comprising McDermott, Saipem, Daewoo Engineering & Construction and CPECC, the consortium will perform initial design, procurement and constructability tasks. The $18.6\text{ million tonne}$ per year facility targets a Final Investment Decision in 2026, ahead of scheduled 2031 commercial operations.
L&T Energy Hydrocarbon Offshore (LTEH Offshore) has won an ultra-mega contract from ADNOC Offshore for a major Middle East project. Acting as lead partner in a consortium, LTEH Offshore will manage the engineering, procurement, construction, installation and commissioning (EPCIC) of new offshore facilities alongside existing site upgrades. Fabrication work will take place across L&T yards, reinforcing its long-standing presence in the region's energy sector.
Sun Group has officially launched a 40 trillion VND development in Phu Quoc, creating nearly 50,000 social and rental housing units built to Singapore standards. Located in the An Thoi urban area, the 55-hectare complex supports Vietnam's national housing goals and infrastructure expansion ahead of the APEC 2027 summit.
TransLink has broken ground on its first real estate scheme, a 31-storey mixed-use tower at West Broadway and Arbutus in Vancouver. Developed alongside PCI Developments, the project features 256 rental homes, retail space, and community facilities directly opposite the upcoming Arbutus Station. The scheme marks a new funding model for TransLink, generating long-term non-taxation revenue to reinvest directly into the regional transit network.
Sun Group has officially broken ground on the Sun Galaxy Complex, a VND 10,750 billion entertainment hub in Da Nang. Situated along the Han River in Ngu Hanh Son ward, the development features an outdoor venue with nearly 20,000 seats, alongside a 47-story tower offering hospitality and retail facilities. The project aims to establish a year-round destination for global events and enhance the local night-time economy.

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