Principal Asset Management and Longevity Partners have launched REsponsible Asset Solutions, a platform aimed at decarbonising institutional real estate. The joint venture combines $108 billion asset manager Principal’s investment experience with Longevity Partners’ engineering and implementation capabilities. Tested across 14 pilot properties, the model targets an overall 37 per cent drop in energy use while creating over $10 million in additional value at asset exit.
Design and consulting firm WSB has acquired Poly, Inc., an established architecture and engineering outfit headquartered in Dothan, Alabama. The deal expands WSB’s presence in the Southeast and along the Gulf Coast while enhancing its municipal, environmental and federal design capabilities. Poly brings extensive technical expertise, including a background of designing more than 130 military training ranges across the US and overseas.
Minor Hotels has signed two agreements with Paraguayan real estate company Grupo Petra in Madrid to expand its footprint in South America. The partnership includes a management contract for a four-star, 116-room NH Hotel in Asunción, scheduled to open in late 2029, alongside a strategic framework to explore further developments across Paraguay under the NH, NH Collection and Tivoli hotel brands.
PRODEA Investments has agreed to form a joint real estate venture alongside Invel Real Estate and LGT Capital Partners. The partners plan to build a premier institutional logistics platform in Greece, with an expected portfolio gross development value exceeding €500 million. Subject to regulatory clearance, the investment partners will acquire a 49 per cent minority stake for roughly €31 million.
KKR has committed $350 million from its Asset-Based Finance strategy to launch Akrapoint Commercial Capital. The mid-ticket equipment finance company will provide solutions for small and middle-market businesses in sectors such as manufacturing, construction and transportation. Led by Chief Executive Officer Nate Smith and Board Chair Gary Shivers, the platform targets growing demand for vocational assets, speciality trailers and industrial equipment across the US.
ASFAR, the PIF-backed Saudi Tourism Investment Company, has opened Gamra Mountain Resort in Saudi Arabia’s Al Baha region. Spanning 21,000 square metres, the 30-room luxury property supports Saudi Vision 2030 by expanding hospitality infrastructure outside major hubs. Operated by Accor’s Mantis brand in partnership with IHCC, the resort incorporates local products and community engagement to drive sustainable regional economic growth.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
