KKR and its European industrial platform, Mirastar, have acquired an eight-property UK logistics portfolio from Ares Real Estate funds. Spanning 2.7 million square feet across key distribution hubs like Milton Keynes and Doncaster, the fully occupied assets feature a nine-year weighted average lease term to break. Supported by strong sustainability ratings and investment-grade tenants, the acquisition expands Mirastar’s European presence.
Sun Group, Vietnam National Petroleum Group (Petrolimex) and National Commercial Bank (NCB) have signed strategic cooperation agreements in Phu Quoc. The deal expands linkages across energy, finance, aviation and tourism ahead of the APEC 2027 summit. The alliance includes sustainable aviation fuel research, electric vehicle charging rollout and dedicated banking solutions, strengthening operational capacity and green transformation initiatives across the region.
The Government of Maldives and Abu Dhabi-based developer Eagle Hills have signed a commercial terms agreement for the USD 12 billion "Maldives Waterfront and Marina" project in Ras Malé. The mega-project features hotels, branded residences, a marina, and civic facilities under long-term 99-year leaseholds. Built entirely on reclaimed land, the multi-phase scheme aims to establish a structured real estate sector and support the country's economic targets.
Global investment firm Sixth Street has formed a co-operative agreement with Lloyds to fund the UK commercial real estate sector. The partnership will deploy Sixth Street's Asset Based Finance platform to provide property borrowers with scaled, flexible financing. The deal combines Sixth Street's London-based finance and global real estate teams to expand lending opportunities across the country while maintaining strict underwriting standards.
Clarion Partners Europe has bought a 116,800 sqm Grade A logistics facility in Amiens, northern France, from ESR Europe. Finished in 2023, the property is 74% let to 3PL operator ID Logistics for e-commerce fulfilment. Featuring strong sustainability specs, 112 dock doors, and direct motorway access, the asset gives Clarion scope to add value by leasing out the remaining available space.
The UK government's housing agency, Homes England, has launched a £21.8 million revenue injection via the Council Housebuilding Support Fund to assist local authorities in developing affordable housing plans. Running through March 2029, the funding provides technical, staffing, and pre-development support to help approximately 75 local councils prepare successful capital grant bids under the government's flagship £39 billion Social and Affordable Homes Programme.
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