The Blau & Berg Company has announced a series of significant leadership changes as the firm prepares for its upcoming centennial. Kenneth Crimmins will move into the role of sole Chairman to focus on high-level governance and the firm's family-run legacy. Jason Crimmins has been named the new Chief Executive Officer while Alessandro Conte takes over as President. These appointments became effective on 1 January 2026 and are designed to drive growth across the industrial and commercial sectors.
An institutional buyer has secured a major logistics hub in North Las Vegas as JLL Capital Markets oversaw the sale of a DHL distribution centre. The facility spans 339,257 square feet and represents a high-quality Class A industrial asset. Located at 3950 Alto Avenue, the site is fully occupied by DHL Supply Chain (USA) and serves as a vital link for deliveries across the Western United States.
Axis Real Estate Investment Trust has signed a RM34.6 million deal to acquire a new industrial facility in Senai, Johor. The property is a build-and-lease project that will be occupied by existing tenant FCI Connectors Malaysia Sdn Bhd upon its completion in 2027. Market analysts from BIMB Research expect the acquisition to contribute an estimated RM2.49 million in annual gross rental income.
Investment firms Gaw Capital Partners and GFH Partners have teamed up to create a dedicated industrial and logistics platform in the UAE. The majority-owned venture by Gaw Capital will target development projects in key industrial zones across Dubai, Abu Dhabi and Ras Al Khaimah. Manrre Developments is set to lead the project execution, drawing on over 40 years of local experience.
Europi Property Group and Incus Capital have formed a strategic joint venture to expand the Portuguese logistics firm Ecologis across the Iberian Peninsula. The partnership aims to build a leading platform by acquiring at least €100 million of additional high-quality assets in Portugal and Spain. Since its launch in 2021, Ecologis has amassed a 160k sqm portfolio of 11 assets which are currently fully occupied.
Global investment firm KKR has completed the acquisition of the Cheongna Logistics Center in Incheon, South Korea. The deal represents the largest single asset logistics transaction in the country to date. Working alongside local asset manager Kreate, KKR acquired the 4.6 million square foot facility to capitalise on the growing demand for modern warehousing. The site is currently fully occupied and serves as a vital link in the Greater Seoul metropolitan area supply chain.
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