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.
Minor Hotels has confirmed it will assume management of NH Hua Hin on 16 January 2026. The 152-room property is located in Thailand’s royal seaside town and offers a range of modern accommodation including family rooms and one-bedroom suites. Facilities include three dining outlets, a rooftop infinity pool and a dedicated Kids’ Club.
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.
The National Debt Management Center has secured a USD 13 billion syndicated loan to fund essential utility projects across Saudi Arabia. This seven-year arrangement is designed to support the development of power and water infrastructure. It aligns with the Kingdom’s Medium-Term Debt Strategy which focuses on diversifying funding sources. The capital will be directed toward development and infrastructure initiatives tied to the Saudi Vision 2030 economic plan.
Hyatt Hotels Corporation has finalised the $2 billion sale of its Playa real estate portfolio to Tortuga Resorts. The deal includes 14 all-inclusive properties across Mexico and the Caribbean. This move allows Hyatt to transition to a fully asset-light model for these locations while retaining long-term management rights. The transaction includes potential earnouts and a preferred equity stake for Hyatt. Proceeds will be used to reduce debt following the original acquisition of the assets.
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.
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