Hellmann Worldwide Logistics has started construction on a new automotive logistics hub in Dubai's Jebel Ali Free Zone. The dedicated 28,000 square metre facility is designed to meet the growing regional demands of the automotive sector, offering scalable distribution across the GCC, Africa and international markets.
Developers Archi and NEXT have officially launched the Swissôtel Kobuleti Beach Resort, a 300 million dollar premium hotel and residential project in Georgia. Situated on the Black Sea coast near Batumi, the three-building complex will feature a luxury hotel, private apartments, a casino and a 3,000 square metre wellness zone. The development aims to elevate regional tourism standards and boost local employment.
Construction has commenced on Aspen at Greenleigh, a $148 million premium apartment scheme in Middle River, Maryland. The joint venture between St. John Properties and Somerset Companies will introduce 335 high-specification homes by late 2027. Notably, the development is on track to become North America's largest green Insulated Concrete Form structure, setting a new benchmark for regional urban development.
Construction has commenced on King + Park, an ambitious mixed-use masterplan development at the gateway to Burnaby, British Columbia. Joint venture partners Crestpoint Real Estate Investments, Vestcor and Anthem Properties celebrated the milestone alongside local officials. The transit-oriented scheme will deliver vital rental housing across multiple phases and includes the extensive refurbishment of a landmark 50-year-old local office tower.
Online property portal group CoStar has signed a definitive agreement to buy residential data specialist Zonda for 800 million dollars in cash. The acquisition brings Zonda's major B2B property information framework and its prominent consumer platforms under the CoStar umbrella. The deal targeting North American new-build housing data is expected to close during the final half of 2026.
Construction has commenced on the 147 million dollar Wallace Campus regeneration scheme in Poughkeepsie. The initiative will transform a vacant, historical department store and construct two additional structures to deliver 187 affordable flats alongside 22,000 square feet of commercial space. Backed by state, federal and local funding, the all-electric development forms part of New York State's wider multi-billion dollar housing investment strategy.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
