Sumou Real Estate Company has signed a SAR135 million ($36.01 million) contract with Diyar Real Estate Development Company, managed by Sedco Capital, to deliver infrastructure works for a 960,000-sq-m project in Jeddah’s North Obhur district. The two-year project is expected to positively impact Sumou’s financial performance.
Plymouth Industrial REIT has agreed to a $2.1 billion acquisition by Makarora Management LP and Ares Alternative Credit funds in an all-cash transaction valued at $22 per share. The deal, approved unanimously by Plymouth’s Board, offers shareholders a 50% premium and is expected to close in early 2026, subject to regulatory and shareholder approval.
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