International developer UNICO has entered a strategic alliance with DECA to oversee the sales and marketing of its upcoming design-led residential projects in Dubai. The agreement, signed in the presence of tennis legend Leander Paes, combines UNICO’s global urban vision with DECA’s extensive regional market reach. This partnership is expected to influence the city's growing residential landscape by introducing new community-focused developments.
Hilton and Higuerón Developments have announced the signing of the Waldorf Astoria Marbella, set to open in Spain’s Malaga Province in 2029. The resort will feature 120 guest rooms and 120 Waldorf Astoria branded residences, offering luxury accommodations with views of the Mediterranean. Amenities will include a 750 square metre spa, indoor and outdoor pools, a gym and multiple dining venues, including the brand’s iconic Peacock Alley.
Repsol has agreed to sell a 43.8 per cent stake in its 629 MW Outpost solar project in Texas to infrastructure investment firm Stonepeak for $252.5 million (€220 million). The transaction implies a total asset valuation of approximately $775 million (€675 million), which includes tax equity proceeds from Production Tax Credits. This deal represents Repsol's second use of an asset rotation strategy in the US renewables market to optimise its financial structure and attract strategic partners.
Global real estate firm JLL has agreed to acquire a significant stake in the Saudi Facility Management Company (FMTECH), a firm established by the Public Investment Fund (PIF) in 2023. The PIF will remain the majority shareholder. This strategic transaction aims to enhance the facilities management sector in Saudi Arabia by combining the PIF's market scale with JLL's advanced operational and technological expertise, specifically JLL’s digital facility management platforms.
North Bucharest Investments has announced the beginning of construction for "The Edition 1011 Featured by Versace Ceramics," Romania's inaugural residential project under the official Versace Ceramics license. The development is situated on Fabrica de Glucoză Road in Bucharest, an emerging area for luxury properties. This launch signals a major step in the evolution of the city's premium real estate market, with the developer stating the concept is designed to transform everyday living into a direct expression of personal identity.
Karma Urban Development has officially launched its first project in New Cairo, KAVI, a mixed-use development comprising commercial, administrative, and medical spaces. The company marked its entry into the Egyptian market by signing three cooperation protocols with leading engineering consultancy firms for the project’s execution and management.
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