Luxury real estate developer Sobha Realty has launched "The Mirage," adding 677 new apartments to its flagship Sobha Central master development on Sheikh Zayed Road. This expansion follows exceptional early sales at the site, which totalled AED 3.5 billion from over 1,500 units sold. The development attracts a highly international investor base, led by buyers from India (26%) and Europe (15%), highlighting the project’s global appeal and the strong demand for luxury residences in central Dubai
Savills has appointed Neil Brookes as Executive Managing Director for Asia Pacific Capital Markets, based in Singapore. Mr. Brookes brings over 20 years of experience and has personally brokered more than $15 billion in cross-border deals. The firm is focusing its efforts on connecting international capital with high-growth specialist sectors, including Living and Data Centres.
Dubai Investments Park Angola, the country’s first integrated economic zone, has signed a significant land deal with UAE developer Reportage Group for two massive residential communities. The ambitious project will deliver two gated communities, one luxury ocean-facing and one mid-market hilltop development, featuring over 4,500 villas and townhouses, a boutique hotel, and substantial retail space.
Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) has announced a deal to internalise the management rights of Vital Healthcare Property Trust (‘Vital’). The conditional agreement is valued at NZ$214 million (approximately $170 million), which Northwest will receive in cash. The transaction aligns with Northwest's strategy to simplify its business and reallocate capital back to North America. Vital will fund the purchase through a capital raise launched concurrently with the announcement.
Maersk has officially opened its largest contract logistics facility in Asia Pacific, the Maersk Mega Distribution Centre (DC), which substantially increases its warehouse capacity in Malaysia. The facility spans nearly 180,000 square metres and offers 100,000 pallet positions for multi-client use, handling commodities like consumer goods and apparel. The site features state-of-the-art automation systems, including Autonomous Mobile Robots and an Automated Storage and Retrieval System, to ensure fast, accurate order fulfilment. The development aligns with Malaysia’s Logistics and Trade Facilitation Masterplan, aiming to establish the nation as the ‘Logistics Gateway to Asia’.
Altus Group Limited has announced significant changes to its senior leadership structure following the conclusion of a comprehensive strategic review. Jim Hannon, the company's Chief Executive Officer and Director, has departed his roles with immediate effect. The commercial real estate intelligence provider, trading on the TSX as AIF, simultaneously appointed former CEO Mike Gordon as Executive Chair. Mr. Gordon is confirmed to take over the CEO position fully in Q1 2026. Current Chair Raymond Mikulich is stepping down but will retain his seat on the Board of Directors.
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