EQT, through its BPEA Mid-Market Growth Partnership, has agreed to become the majority investor in PropertyMe, a leading Australian and New Zealand cloud-based PropTech platform. Founded in 2013, PropertyMe is the largest property management software provider in the region, used by over 6,000 agencies to manage approximately 1.9 million rental properties and transact nearly $40 billion annually. The investment will support PropertyMe’s continued growth, focusing on product innovation, AI features like AiMe, and potential geographic expansion.
IHG Hotels & Resorts has announced the signing of InterContinental Prague, bringing the iconic luxury brand back to the Czech capital. The 137-key property, set to open in the first half of 2029, is a partnership with Generali Real Estate and involves the extensive transformation of a historic building in Prague’s Old Town dating back to 1839. This key signing strengthens IHG’s luxury portfolio in Central and Eastern Europe.
Aldar and Mubadala Capital have officially announced the formation of Aldar Capital, a new investment management platform. The joint venture will focus on connecting global institutional investors, including sovereign wealth funds and pension funds, with high-quality real estate and infrastructure opportunities across the UAE and the wider GCC region.
Kronos Homes has launched its first mixed-use tourism project in Lisbon, the €150 million MIMA development in the Parque das Nações district. A core component is MIMA Living, offering 180 residential apartments with a new concept of urban housing. The fully furnished apartments, designed by Broadway Malyan, combine contemporary architecture and flexibility. Notably, the model offers professional tourism management, allowing buyers to generate income when not occupying the homes.
JLL has named Amanda Brimmer as CFO, Leasing Advisory and Head of Corporate Development. Reporting to CFO Kelly Howe, she will lead global financial growth strategies and oversee corporate development initiatives.
Elsewedy Industrial Development has signed a major agreement with Kunming Chuanjinnuo Chemical Co. (CJN) to build a phosphate chemical industries complex in Egypt. The project will be located in Sokhna 360 and involves a total investment of nearly USD 1 billion. It aims to produce fertilisers, specialty chemicals and electric vehicle battery materials. The initiative is expected to create 10,000 jobs and position Egypt as a regional hub for new energy materials.
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