Daewoo E&C has finalised an investment in a $291 million housing project in Palisades Park, New Jersey, marking its return to the United States property development sector after two decades. Partnering with New York developer Tamares, the firm will build a 540-unit apartment complex. The company also plans to back a luxury mixed-use project in Prosper, Texas, later this year.
The Ho Chi Minh City People's Committee and Sun Group have launched a 29,317 billion VND infrastructure and cultural project along the Saigon River. The 73.3-hectare Public-Private Partnership scheme will expand Nguyen Tat Thanh Street to ten lanes, construct new bridges and create the Ben Nha Rong - Khanh Hoi Cultural Park, transforming old port warehouses into community spaces.
Skanska has secured a SEK 370 million contract with Lundbergs Fastigheter to build four rental apartment buildings in Jönköping. The project in Södra Munksjön will feature commercial spaces, underground parking and a total gross area of over 21,700 square meters. Construction starts in mid-2026, with completion scheduled before the end of 2028 under the Miljöbyggnad Silver environmental standard.
The European Bank for Reconstruction and Development has approved a €25 million local currency loan for Tavan Bogd Holdings. The capital will fund the first phase of the Gerlug Green Complex in Ulaanbaatar, a mixed-use development creating sustainable housing for 1,000 people and commercial space for 30 businesses while targeting international EDGE green certification.
Arctos Sports has joined forces with RVX Ventures and Magellan Development Group to form a national sports-anchored real estate platform. The venture will focus on building large-scale entertainment districts near major stadiums. Their maiden project is the Neyland Entertainment District in Tennessee. The mixed-use site will feature a 24-story hotel, retail space and luxury residential properties on the waterfront.
Dubai based developer Majid Al Futtaim has signed a deal with master developer MIDAR to build a $3.1 billion mixed-use community in New Cairo. Spanning 553 feddans within Mada City, the phased project marks the firm's first foray into Egypt's residential property sector. The plan includes 6,000 homes alongside commercial districts, leisure spaces and a shopping hub.
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