LBA Logistics has acquired Core45 Building 1, a newly constructed 616,068-square-foot Class AA industrial facility in the South Dallas market. The sale was managed by JLL Capital Markets, which represented the seller, an affiliate of Grandview Partners. Completed in 2023, the property is 48 per cent leased to investment-grade tenant Owens Corning.
The launch of Peregrine Cold Logistics by Stonepeak signals a major new investment push into the temperature-controlled supply chain sector across Asia Pacific and the GCC. Peregrine, based in Singapore, is setting out to tackle the growing regional demand for modern, high-quality cold storage and logistics solutions, driven by factors like increasing urbanisation and shifting consumption patterns.
Investcorp Capital PLC, the ADX-listed firm founded by Investcorp, announced the acquisition of a diversified US industrial real estate portfolio for approximately $400 million. The 35-building, 2.6 million square-foot portfolio is 97% occupied and spans seven resilient coastal markets including Sacramento, Philadelphia, Long Island and multiple locations in Florida.
The Saudi Authority for Industrial Cities and Technology Zones, MODON, and JINGDONG Property, JD.com’s infrastructure arm, have signed an MoU to develop and operate two million square metres of logistics and industrial assets in Saudi Arabia. The agreement, sealed at the UNIDO GC21 in Riyadh, focuses on projects in Riyadh, Jeddah, and Dammam. The first project will be a 40,000+ sqm Grade-A speculative warehousing facility in Jeddah Industrial City, built to BREEAM Excellence standards.
Watts Water Technologies Inc., a world leader in water solutions, has successfully purchased Saudi Cast. This strategic purchase was completed on December 1, 2025. It was financed using Watts’ existing cash reserves. Saudi Cast brings annualised sales of about $20 million to Watts. The acquired business will now operate within the APMEA regional segment. The move expands Watts’ operational reach in the Middle East.
Elsewedy Industrial Development has signed a major agreement with Kunming Chuanjinnuo Chemical Co. (CJN) to build a phosphate chemical industries complex in Egypt. The project will be located in Sokhna 360 and involves a total investment of nearly USD 1 billion. It aims to produce fertilisers, specialty chemicals and electric vehicle battery materials. The initiative is expected to create 10,000 jobs and position Egypt as a regional hub for new energy materials.
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