SLP has officially broken ground on SLP Park Tien Du, a major ready-built factory development in Bac Ninh province. This project marks the eighth venture for the industrial developer in Vietnam. Situated within the Dai Dong Hoan Son Industrial Park, the facility will provide over 74,000 square metres of Grade-A space. The development is designed to meet growing demand for operational-ready infrastructure amongst global manufacturers.
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.
Logistea AB has agreed to acquire a six-asset logistics portfolio from DSV for SEK 587 million. The sale-leaseback deal includes 41,500 square metres of cross-docking space across Sweden, including sites in Karlstad and Gävle. All properties are fully leased to DSV Road AB on ten-year triple net terms. The transaction is expected to close on March 30th 2026, pending regulatory approval for the Växjö asset.
Frasers Property has named Tony Lombardo as its incoming Group Chief Operating Officer. Starting in October 2026, the former Lendlease chief will oversee investment strategy and capital deployment from Singapore. The appointment aims to streamline operations across international markets including the UK and Australia. Mr Lombardo brings three decades of experience to the role and will work closely with the Group CEO to drive long term value.
Marq Logistics has secured a 220,000 square meter lease at its new Guarulhos development in Brazil. This agreement stands as the largest logistics lease ever recorded in the country according to data from JLL. The facility is part of the GLP Guarulhos III project and will be customised to meet the specific operational needs of a global customer. Completion of the site is expected in late 2026.
Cinnamon Hotels & Resorts and Walkers Tours have signed a Memorandum of Understanding with the National Olympic Committee of Sri Lanka. This agreement establishes a formal framework for hospitality and transport to support international athletes and Olympic officials. By aligning private sector expertise with the national sporting body, the partners aim to improve Sri Lanka's ability to host major tournaments and training camps.
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