Vietnam’s Sun Group has entered a US$2.3 billion strategic partnership with Chinese design firm Gold Mantis. The deal focuses on high-end interior architecture and technology for major national works. A primary objective is the development of infrastructure for the APEC 2027 Conference in Phu Quoc. This collaboration aims to bring international design standards and advanced building information modelling to Vietnam’s burgeoning construction sector.
Asbar Capital and Ladun Investment Company have signed an agreement to develop a mixed-use project in Riyadh. Located in the Al-Munsiyah district, the development will feature a hotel, retail spaces and residential units. Construction costs are estimated to exceed 250 million riyals. Ladun will manage the design, execution and marketing for the project, which aims to maximise the value of the one billion riyal fund.
City Developments Limited has launched a S$2 billion multicurrency perpetual securities issuance programme. The Singapore-based property giant appointed United Overseas Bank Limited to manage the scheme as arranger and dealer. Funds raised through the programme will be used to support the group's general working capital needs and to refinance its current debts. The securities will be offered primarily to institutional and accredited investors in Singapore.
ESR has successfully raised US$850 million in fresh equity capital from its existing shareholders. This major financial boost is intended to speed up the firm’s expansion within the logistics and data centre sectors across the Asia-Pacific region. The move follows a period of significant portfolio simplification, where the company raised over US$2 billion by selling non-core assets to focus on high-growth digital and supply chain infrastructure.
Global investment group La Caisse and Prologis, Inc. have formed a new joint venture, Prologis Logistics Investment Venture Europe (PLIVE). The partnership begins with a EUR 1 billion portfolio of logistics assets across five European nations. La Caisse will hold a 70 per cent stake in the venture, while Prologis acts as the operating partner. The deal focuses on long-term growth through the acquisition and development of high-quality industrial properties.
The Impact&Places Partnership has made its first acquisition by securing the Ferrous site in Manchester. This £860 million joint venture between Homes England, Capital&Centric and Swiss Life Asset Managers aims to build 2,250 homes nationwide. The Manchester project will deliver 107 rental apartments on former industrial land. Supported by the National Housing Bank, the scheme focuses on accelerating residential-led regeneration in areas with high housing demand.
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