Indigo Networks has expanded its headquarters at Green Park in Reading to support business growth and rising demand for utility infrastructure. The independent network operator signed a new lease for a larger space at 100 Brook Drive, owned by Mapletree Investments. Currently serving more than 210,000 UK premises across electricity, water and gas networks, the company aims to accommodate workforce expansion and support the UK transition to net zero.
Scandic Hotels has expanded its presence in Germany after partnering with real estate manager IREMIS to open a new site in Freiburg. IREMIS purchased the property from its previous owner, while Scandic signed a long-term lease. Set to open in autumn 2027 following extensive refurbishment work, the 219-room hotel will feature flexible meeting spaces, dining areas and wellness facilities situated directly opposite Freiburg's main railway station.
Ennismore has partnered with Central Group Capital to introduce the luxury all-inclusive Rixos brand to Thailand. Following an extensive refurbishment, Rixos Water World Phuket will open in early 2028 along Mai Khao beach. The 600-room development features a landmark integrated waterpark, five dining venues, conference facilities and sports hubs, expanding Rixos’ presence across Asia alongside its upcoming resort in Phu Quoc, Vietnam.
Mapletree Investments has raised over US$500 million in equity commitments for the first close of its Emerging Asia logistics development strategy. The total includes US$250 million secured by its private fund, Mapletree Emerging Growth Asia Logistics Private Trust, along with co-investment backing. Targeting developments in Malaysia, Vietnam and India, the broader strategy is projected to reach a total investment value of US$2.1 billion when fully deployed.
UAE developer Arada has entered Syria through a joint venture with the Syrian Sovereign Fund to construct a $7 billion (AED 25.7 billion) megaproject in New Damascus. Covering four million square metres, the master-planned development will deliver 11,000 homes alongside commercial, healthcare and educational facilities. The agreement represents one of the largest foreign real estate commitments in the country to date.
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