Frasers Property has named Tony Lombardo as its incoming Group Chief Operating Officer. Starting in October 2026, the former Lendlease chief will oversee investment strategy and capital deployment from Singapore. The appointment aims to streamline operations across international markets including the UK and Australia. Mr Lombardo brings three decades of experience to the role and will work closely with the Group CEO to drive long term value.
Marq Logistics has secured a 220,000 square meter lease at its new Guarulhos development in Brazil. This agreement stands as the largest logistics lease ever recorded in the country according to data from JLL. The facility is part of the GLP Guarulhos III project and will be customised to meet the specific operational needs of a global customer. Completion of the site is expected in late 2026.
Marriott International has signed an agreement with PHC Queenstown Limited to debut the St. Regis brand in New Zealand. The luxury hotel is expected to open in late 2027 with 145 rooms and suites. Located in central Queenstown, the property will offer views of Lake Wakatipu and The Remarkables. This project marks the first St. Regis in the country and continues Marriott's expansion in the Pacific.
Minor Hotels has confirmed the signing of NH Collection Pemba Island Resort in Tanzania. This 145-key property is scheduled to open in February 2030 and marks the brand's first entry into the country. Developed alongside Infinity Developments, the resort aims to offer a refined escape while maintaining the island's low-impact tourism character. The project follows the partnership's previous ultra-luxury development, Anantara Zanzibar Resort & Residences.
Home REIT has exchanged contracts for the sale of 706 properties to Patron Capital in a deal worth £123 million. This transaction represents the vast majority of the company's asset portfolio. Completion is expected by 1 April 2026 with a secured payment structure in place. While the board intends to return capital to shareholders, the timing remains uncertain due to ongoing potential litigation and legal claims against the company.
European Residential REIT (ERES) has agreed to a $441 million all-cash takeover by CAPREIT. Unitholders will receive $1.19 per unit, representing a 32 per cent premium when combined with previous distributions. The deal concludes a multi-year strategic review focused on maximizing investor value. ERES is expected to be delisted from the Toronto Stock Exchange following the transaction's closure, which is anticipated in the second quarter of 2026.
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