MAIR Group has agreed a multi-million-dirham deal to acquire the KEZAD Logistics Park - KLP Free Zone 3 in Abu Dhabi. The AED 295 million transaction, completed through subsidiary Makani Real Estate, includes 50 years of land lease rights under a Musataha arrangement. Spanning nearly 130,000 square metres of land, the facility provides high-spec warehouse space with direct access to Khalifa Port.
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.
Lithuanian developer Darnu Group has announced plans to invest EUR 80 million into real estate projects throughout 2026, marking an 84 per cent rise in funding compared to the previous year. The vast majority of this capital is earmarked for residential housing, with a primary focus on the expansion of the popular Sakai district in Vilnius and the launch of the ambitious Launagiai project. Outside of housing, the company is continuing work on major industrial infrastructure, including a state-of-the-art logistics hub.
Ahold Delhaize USA has secured a $475 million investment from Blackstone Credit & Insurance to develop a new, highly automated distribution centre in Burlington, North Carolina. This strategic partnership utilizes a triple net lease structure, where Blackstone funds the total construction costs and retains ownership of the site while the retail giant manages operations. The project is designed to enhance the supply chain for the Food Lion brand, creating over 500 jobs and integrating advanced technology to streamline grocery delivery across the region.
EQT Exeter Real Estate Income Trust (EQRT) has completed the acquisition of a prime industrial site in Torrance, California, for $51.5 million. The 76,007 square-foot facility is situated on a 9.6-acre plot within the highly sought-after South Bay submarket of Los Angeles. Currently fully leased to a Fortune 50 food and beverage giant, the property serves as a vital link for regional and last-mile distribution.
Valor Real Estate Partners and QuadReal Property Group have extended their partnership in the German market with the acquisition of a 6,000 sqm logistics asset in Berlin. Located in the Charlottenburg-North submarket, the modern cross-dock facility serves as a critical last-mile hub for the city. This transaction follows a significant investment in Lichtenberg last month, highlighting the joint venture's focus on high-demand urban areas.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
