Daewoo E&C has finalised an investment in a $291 million housing project in Palisades Park, New Jersey, marking its return to the United States property development sector after two decades. Partnering with New York developer Tamares, the firm will build a 540-unit apartment complex. The company also plans to back a luxury mixed-use project in Prosper, Texas, later this year.
Sun Group has signed a US$360 million agreement with an international consortium to build a massive aircraft maintenance, repair and overhaul complex at Vietnam's Van Don International Airport. The project, involving HAECO, Japan Airlines and Toyota Tsusho, aims to address a severe regional capacity shortage and lower the local industry's dependence on overseas engineering hubs when operations begin in 2028.
Kennedy Wilson has partnered with Dutch pension investor APG to form a 2 billion euro residential joint venture in Ireland. The platform will manage and develop over 3,400 private rented homes across Dublin. This includes taking a minority stake in the Cherrywood portfolio and building 2,300 new units on brownfield sites, increasing Kennedy Wilson's managed Irish portfolio to 6,900 homes.
Figure Technology Solutions has secured a definitive $717 million deal to acquire AI lending platform Kiavi. The transaction, backed by a joint venture with Sixth Street, aims to transition billions in residential investment loans onto blockchain rails. This integration will leverage Figure's new AI tool, Adaptor, to automate data onboarding, targeting a 60 per cent medium-term EBITDA margin.
A new joint venture backed by major European pension investors has secured $300 million in initial equity to target South Korea's rapidly growing rental housing market. The Korea Living Venture, managed by Tishman Speyer alongside cornerstone investors APG and Bouwinvest, aims to acquire, reposition and develop multifamily assets across the Seoul capital region to address a structural shortage of modern, professionally managed housing.
Pan-European real estate manager M7 Real Estate has completed the acquisition of 13 logistics properties across Madrid and Barcelona for 181 million euros. The two separate transactions, completed on behalf of the European Supply Chain Investment Partnership, more than double the venture's footprint in Spain and expand its total European asset value to approximately 1.7 billion euros.
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