Dominus and Cheyne Capital have acquired the Grade II-listed Ibex House in the City of London for conversion into a 382-room hotel. The Art Deco landmark, built in the 1930s, will undergo a sustainable transformation designed by Studio Moren. The project aims to preserve the majority of the original structure while targeting top-tier environmental certifications. Alongside luxury guest rooms, the scheme includes the reopening of a historic pub and the launch of a new hospitality training academy.
Hilton has secured three new hotel signings for its DoubleTree brand in Morocco, Togo and the Republic of Congo. The move includes a historic debut in Togo with an upscale airport property in Lomé. These developments are part of a broader plan to triple Hilton's presence in Africa, where the company already has over 100 hotels in the pipeline. Key features of the new sites include West Africa’s largest conference centre in Brazzaville and a luxury resort in Marrakech.
Meta Estate Trust has reached a new milestone with the opening of Retail Park Ciolpani on the DN1 highway. This €2 million development is the first in the company's portfolio to produce regular rental income. With a gross leasable area of 2,650 square metres, the park features international retailers and a long-term lease structure. The site is expected to generate up to €385,000 in annual revenue at full capacity. It also includes green technology such as electric vehicle charging stations to align with environmental goals.
A significant $1 billion agreement has been reached to develop the first major residential and commercial precinct in Bradfield City, Australia. The partnership between the NSW Government and Plenary will see the construction of 1,400 homes alongside a new university campus and a luxury hotel. This project represents a foundational move in creating the first new Australian city in 100 years. Stage 1 is set to focus on essential services and public spaces over the next five years.
Abu Dhabi National Oil Company (ADNOC) has signed a major structured financing agreement worth up to $11 billion for the Hail and Ghasha gas development. Partnering with Eni and PTTEP, the transaction focuses on monetising future midstream production from the offshore site. The project is notable for being a world-first offshore gas development aiming for net-zero operations.
PowerBank Corporation has announced the commercial operation of its first 1.45-megawatt rooftop solar project in Calgary, Alberta. Developed for Fiera Real Estate, the project serves as a pilot for future renewable energy initiatives within Fiera’s global portfolio. The installation will sell power to the local grid while generating carbon offsets through provincial environmental systems.
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