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.
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.
PGIM Real Estate and Northstar Capital have acquired 51 Tuas View Link in Singapore for a major logistics redevelopment. The partnership will replace existing warehouses with a 1.1 million square foot, five-storey facility designed for sustainability. Located near the Tuas Mega Port, the project targets the city's supply-constrained industrial market. This investment follows PGIM’s US$3 billion transaction year in 2025 and focuses on creating long-term value through modern, ramp-up infrastructure.
Egis has been named the project management consultant for the final stage of Phase 1 at Kuwait's Mubarak Al-Kabeer Port. The firm will supervise marine and onshore works to ensure the site on Boubyan Island becomes fully operational. This is a key part of Kuwait Vision 2035, aimed at transforming the nation into a major regional trade hub in partnership with China Communications Construction Company
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