Skanska has signed an agreement in a joint venture with Stacy Witbeck to construct the East San Fernando Valley Light Rail Transit Project for LA Metro in Van Nuys, California. Skanska’s share of the overall USD 1.9 billion contract stands at USD 957 million (approximately SEK 8.9 billion), booked under third-quarter 2026 US orders. The 10.8-kilometre ground-level system with 11 stations will complete in December 2031.
Arup and Obermeyer GmbH & Co. Kg have secured a masterplanning contract from Autobahn GmbH to redesign the A3/A1 motorway junction in Leverkusen. As one of Germany's oldest and busiest interchanges, the site will undergo extensive modernisation to ease congestion. The joint venture project features key civil engineering works, including a new one-kilometre bridge near the BayArena, while maintaining continuous traffic flow during construction.
Northern LGPS and LPPI are launching Four Corners, an in-house property management platform overseeing 5,478 rental homes across England, Scotland and Wales. Following their December 2025 acquisition of PRS Holdco's housing portfolio, the joint venture plans to deploy £1 billion over the next decade to build more than 15,000 new homes, leveraging pension funds to address the UK’s chronic rental supply shortage.
Kuwait Petroleum Corporation subsidiary Kuwait Oil Company has signed a 16 billion US dollar deal with Blackstone, Brookfield and KKR. The 20.5-year lease and leaseback agreement covers the firm’s domestic and export crude oil pipeline network. Marking the largest foreign direct investment in Kuwait history, the deal will provide 7.85 billion US dollars in upfront proceeds to support national production goals.
SURJ Sports Investment, a company owned by Saudi Arabia’s Public Investment Fund, has launched a new joint venture called radia alongside Live Nation and Oak View Group. The initiative will manage, operate and commercialise multi-use sports and entertainment venues across the country. It aims to support Saudi Arabia’s growing sports sector, which is projected to exceed $22 billion in value by 2030.
Sime Darby Property and ESR have expanded the E-Metro Logistics Park in Selangor, Malaysia, by adding over 2,200,000 square feet of warehouse space. The expansion includes the finished Metrohub 4 facility and the groundbreaking of Metrohub 3. Global beverage brand MIXUE has pre-committed to Metrohub 4, while Metrohub 3 will offer specialised storage for electric vehicle components and lithium batteries.
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