Riyad Capital has launched a new SAR 1.5 billion real estate fund to develop a massive mixed-use site in Riyadh. The project covers 32,000 square metres on Al-Takhassusi Road and focuses on transit-oriented development. Partnering with Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment, the scheme will deliver new offices, homes, shops and hospitality spaces near the Al-Takhassusi Metro Station.
ASMO, a joint venture between Aramco and DHL, has broken ground on a massive 1.4 million square metre logistics hub at King Salman Energy Park. Developed in partnership with Arcapita, the facility aims to strengthen Saudi Arabia’s industrial supply chain. The site will feature smart technology and sustainable design, supporting the Kingdom's goal of becoming a premier regional trade gateway by 2030.
Chicago based firms Riverside Investment & Development and Singerman Real Estate have acquired the former Two Wells Fargo Center for $36.5 million. The developers plan to turn the 800,000 square foot office complex into a high-end mixed-use site featuring flats, a hotel and shops. Work on the Charlotte project is scheduled to begin in 2027 following the successful delivery of the firm’s first local luxury tower.
IHG Hotels & Resorts has signed long-term franchise agreements to add 11 hotels across Germany, Belgium and France. The deal will bring more than 1,800 rooms to the group’s Holiday Inn, voco and Garner brands. These properties, currently operating under the PentaHotels name, are expected to join the IHG system by the first half of 2027 following their conversion.
Aldar and Mubadala Investment Company have completed an AED 654 million acquisition of The Link at Masdar City through their 2024 joint venture. The mixed-use development is fully leased to major institutions, including Masdar and MBZUAI. Covering 32,000 square metres, the site features LEED Platinum office space and residential units. This deal highlights the growing demand for high-quality, sustainable assets within Abu Dhabi’s innovation ecosystem.
The Halan AZ Real Estate Investment Fund has fully closed its first hospitality tranche, marking a successful entry into Egypt’s income-generating asset market. Partnering with Brassbell Hospitality Group, the fund is converting heritage buildings in Cairo into institutional-grade assets. With plans to develop 700 keys in 2026, the project aligns with national goals to expand tourism capacity following record-breaking sector revenues in 2025.
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