Devonport City Council has unveiled the Formby Road Urban Renewal Study, identifying two major CBD sites for private development. Part of the LIVING CITY project, the plan proposes high-end apartments and commercial offices to replace existing car parks. By creating a new urban plaza and improving pedestrian links to the Mersey River, the council aims to boost footfall for local retailers and meet growing demand for inner-city living.
Egis has been named the project management consultant for the final stage of Phase 1 at Kuwait's Mubarak Al-Kabeer Port. The firm will supervise marine and onshore works to ensure the site on Boubyan Island becomes fully operational. This is a key part of Kuwait Vision 2035, aimed at transforming the nation into a major regional trade hub in partnership with China Communications Construction Company
A new community destination named BAY360 is coming to Jumeirah Lakes Towers, featuring a flagship Spinneys supermarket and a variety of waterfront dining options. Developed by DMCC and Sweid & Sweid, the project aims to improve the liveability of the district through better pedestrian access and modern lifestyle amenities. Scheduled for completion in 2027, the hub will occupy part of Lake D and include essential medical services and rooftop sports facilities.
MERED and EMSTEEL have launched a sustainable construction partnership to pilot high-strength steel solutions in the UAE real estate market. Signed at Abu Dhabi Sustainability Week, the deal focuses on improving building efficiency and reducing material waste. The move follows EMSTEEL receiving the prestigious Diamond Sustainability Label for its environmental leadership.
Sun Group has officially broken ground on a massive 5-star "hotel city" in Phu Quoc to prepare for the APEC 2027 Summit. The developer intends to finish the project in just 18 months, adding 12,000 rooms and serviced apartments to the island. This development includes 15 beachfront hotels and a major shopping centre managed by Lotte. International brands such as Marriott, Hilton and Accor are all signed on to manage the new luxury sites.
GARBE Industrial and Fortress Real Estate Investments have launched a joint venture to build a 61,000 square metre logistics centre in Bucharest. The project, GARBE Park Bucharest, marks the German developer's first entry into the Romanian market. Located on an 11-hectare plot near the new A0 ring road, the facility is designed for high-tech, automated operations with a 12-metre clear height. Construction is scheduled for late summer 2026, targeting a 2027 opening.
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