Developer Sun Property has officially launched S-Light Tower, a new twin-tower apartment complex in South Da Nang. Located within the Sun NeO City urban area, the 22-storey waterfront development will deliver nearly 800 residential units. The project features a distinctive crane-inspired design and aims to capitalised on major regional transport upgrades and expanding local tourism demand.
KAFD DMC has signed a memorandum of understanding with Osool Integrated Real Estate Company to evaluate new property investments in Riyadh. The non-binding deal aims to address the rising demand for prime commercial and residential space within the financial district. The collaboration follows a recent SAR 12 billion financing facility raised by the district operator.
European investor Urban Partners has launched a new regeneration fund with strategic partners Copenhagen Infrastructure Partners and Viessmann Generations Group. Backed by anchor investors PensionDanmark and SamPension, the vehicle has secured an initial unlevered investment capacity of up to €650 million. The fund targets brownfield sites across growth cities in the Nordics, Germany and the UK to build mixed-use communities and address critical housing shortages.
Marcus and Millichap Capital Corporation has arranged an 85 million USD construction loan for a 297,771-square-foot mixed-use scheme in Beverly Hills. The six-story development at 55 North La Cienega Boulevard will deliver 140 luxury apartments and 13,303 square feet of retail space. It is expected to become the largest residential complex in the history of Beverly Hills.
Real estate services firm Cushman and Wakefield has completed the 12.25 million USD sale of Monon and Main in Carmel, Indiana. Trading at 354 USD per square foot, the 34,650-square-foot mixed-use property has set a new record for office sales in the state. The four-story boutique building was entirely leased at the time of the transaction.
The Egyptian Kuwaiti Real Estate Development Company and Hassan Allam Holding subsidiary Grova West have partnered to build a mixed-use project in West Cairo. Spanning 295 acres in Sheikh Zayed City, the venture represents an investment expected to exceed EGP 250 billion. The development will feature a blend of residential apartments, villas, commercial spaces and medical facilities managed entirely by Grova West.
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