Hines and Burstone Group have launched a pan-European light industrial joint venture, seeded with a R760 million investment. The partnership has acquired six assets across Germany and the Netherlands, totalling 49,000 square metres. Burstone will manage the portfolio, taking a 20% equity stake alongside the Hines European Real Estate Partners III fund. The strategy targets value-add opportunities driven by nearshoring and supply chain growth.
M&G Real Estate has entered into a joint venture with BlueRock Group to expand a residential portfolio in Berlin. The partnership involves a total investment of €47 million to modernise existing buildings and construct 75 new apartments. This move aims to address the severe housing shortage in some of the most popular districts in the German capital.
DarGlobal has unveiled Nickelodeon Hotels & Resorts Oman at its 3.5 million square metre AIDA development in Muscat. The 120-key resort, perched 130 metres above sea level, will feature themed suites, an Aqua Nick waterpark and character-led entertainment. Supporting Oman Vision 2040, the project offers full title ownership to investors. The first phase of the wider luxury community is scheduled for completion in 2027.
ROSHN Group and Agility Logistics Parks have signed an agreement to develop a Grade A logistics park in Saudi Arabia. The project will span up to 1.5 million square metres in a strategic trade corridor. By combining the expertise of a PIF-backed developer and a global industrial leader, the venture aims to improve supply chain resilience and support the Kingdom's goal of becoming a premier global trade gateway.
A new joint venture in Saudi Arabia has secured its first landmark deal to provide 2.25 GW of smart solar trackers for the Bisha Solar project. Nextpower Arabia, formed by Nextpower and Abunayyan Holding, will supply the equipment to Larsen & Toubro for the massive utility-scale plant in Asir Province. The move supports the Kingdom’s National Renewable Energy Program by shifting manufacturing and supply chain operations to local soil.
GARBE Industrial and Fortress Real Estate Investments have launched a joint venture to build a 61,000 square metre logistics centre in Bucharest. The project, GARBE Park Bucharest, marks the German developer's first entry into the Romanian market. Located on an 11-hectare plot near the new A0 ring road, the facility is designed for high-tech, automated operations with a 12-metre clear height. Construction is scheduled for late summer 2026, targeting a 2027 opening.
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