The European Investment Bank has signed a cooperation agreement with the Ukrainian government to provide expert guidance on major infrastructure projects. This partnership is part of the Ukraine FIRST initiative, which aims to prepare roads, railways and energy networks for reconstruction. With over €40 million in funding, the programme will help Ukraine meet European standards and secure necessary financing for long-term national recovery and development.
ICG Real Estate has issued a £152 million loan to Arada London for a new residential scheme in Swiss Cottage. The project at 100 Avenue Road features a 25-storey tower with 172 private units and a second block providing 79 social rented homes. Construction is underway on the 0.93-acre site. The development includes luxury amenities and retail units with a scheduled completion date of autumn 2028.
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.
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