Penta Real Estate has acquired a 50% stake in HoldCo Bubny s.r.o. to lead the transformation of Prague’s Bubny-Zátory site. Partnering with AKIPIA and J&T, the firm will oversee a CZK 90 billion urban development project across 250,000 square metres. Running until 2050, the master plan includes 10,000 homes, office space, schools and public amenities, marking the largest project in Penta’s history.
eMaxx has introduced a Commercial Property Program powered by the eMaxx Reciprocal Insurance Exchange. Designed for building owners facing premium volatility and disputed valuations, the policyholder-owned structure rewards commercial property owners who invest in proactive risk management. Coverage is available to businesses meeting Highly Protected Risk Catastrophe standards, with primary insurance provided through an A.M. Best A-rated carrier and reinsurance supported by the eMaxx Reciprocal.
The Sports Boulevard Real Estate Development and Investment Company has signed an agreement with Rikaz Properties to set up a new investment fund worth over $186 million. Managed by Al Jazira Capital, the third fund will back the creation of a luxury five-star hotel in the Urban Wadi district of Riyadh. This contract pushes the total signed fund value for the mega project beyond $1.6 billion.
Greystone Capital Advisors has arranged a $103 million bridge loan for Vantage Communities Inc. to refinance three residential developments in Central Texas. The floating-rate debt covers 864 Class A units across the Austin and San Antonio areas. Provided by Benefit Street Partners, the interest-only facility features an initial three-year term with extension options to support the portfolio through full property stabilisation.
Phu Quoc Special Economic Zone and Sun Group have signed six strategic agreements with key sector partners to upgrade island infrastructure before hosting APEC 2027. The project commitments cover a new Light Rail Transit line, localised security frameworks, a multi-level school campus, and community English education initiatives. The coordinated efforts aim to strengthen long-term municipal development across the island.
AREIT, Inc. recorded a 36 per cent increase in first-half net income to P5.8 billion, driven by strong revenues and portfolio expansion. Total revenues rose 30 per cent to P7.7 billion, while assets under management reached P159.4 billion. The firm has proposed a P20 billion asset infusion from Ayala Land, Inc., which will increase its total portfolio value to P179 billion following pending regulatory approvals.
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