MIDAR for Investment and Urban Development has signed a multi-billion pound agreement to establish the first social sports club in the third phase of Mostakbal City. Occupying 42 feddans, the EGP 3 billion project is being developed in collaboration with Alexandria Sporting Club’s investment arm. The facility will offer world-class sports courts, fitness centres and social areas, with the first phase set to open in early 2027.
Minto Apartment REIT has entered a definitive agreement to be acquired and taken private by Crestpoint Real Estate Investments and the Minto Group. The all-cash transaction is valued at $2.3 billion and offers unitholders $18.00 per unit. Minto will retain a significant stake and continue to manage the high-quality Canadian residential portfolio. The deal is expected to close in the latter half of 2026 following a unitholder vote in March.
JLL has successfully negotiated a refinancing deal for the historic Candler Hotel in Atlanta. The 265-room property, situated in the city’s central business district, is a former office tower built by Coca-Cola mogul Asa Griggs Candler. Now a luxury boutique hotel under Hilton's Curio Collection, the site is famous for its Beaux-Arts architecture and award-winning dining. The financing, provided by Peachtree Group, highlights a positive outlook for Atlanta’s hospitality market.
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.
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