M&G Real Estate has expanded its Japanese portfolio with a JPY 19.4 billion investment in six residential buildings across Tokyo. The deal, worth approximately USD 126 million, targets the city's high demand for rental housing. These assets will join the M&G Asia Property and Asia Living Property strategies, capitalising on Tokyo’s limited housing supply and steady population growth to provide reliable long term returns for global investors.
Related Digital and Blackstone have secured financing for a $16 billion data centre project in Saline Township, Michigan. The campus is designed for Oracle and OpenAI to boost AI computing capacity. The development promises thousands of jobs and millions in tax revenue. It features sustainable technology such as a closed loop cooling system and incorporates a large battery storage investment to assist the local energy grid.
IOI Properties Group has acquired Asia Square Tower 2 in Marina Bay for S$2.476 billion from CapitaLand Integrated Commercial Trust. The deal increases the group’s Singapore assets under management to S$10 billion. With a high occupancy rate of 95.8%, the Grade A office tower joins a portfolio including South Beach Tower and IOI Central Boulevard Towers, making the group a major landlord in the Central Business District.
IHG Hotels & Resorts has signed long-term franchise agreements to add 11 hotels across Germany, Belgium and France. The deal will bring more than 1,800 rooms to the group’s Holiday Inn, voco and Garner brands. These properties, currently operating under the PentaHotels name, are expected to join the IHG system by the first half of 2027 following their conversion.
Aldar and Mubadala Investment Company have completed an AED 654 million acquisition of The Link at Masdar City through their 2024 joint venture. The mixed-use development is fully leased to major institutions, including Masdar and MBZUAI. Covering 32,000 square metres, the site features LEED Platinum office space and residential units. This deal highlights the growing demand for high-quality, sustainable assets within Abu Dhabi’s innovation ecosystem.
Talaat Moustafa Group has unveiled "The Spine," a landmark cognitive city project in Egypt. Launched alongside Prime Minister Dr Mostafa Madbouly, the EGP 1.4 trillion development integrates artificial intelligence with urban living. The project aims to contribute 1 per cent to Egypt’s GDP and create 155,000 jobs. It features a Special Investment Zone designed to attract global corporations through digital infrastructure and simplified regulations.
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