Riyad Capital has launched a new SAR 1.5 billion real estate fund to develop a massive mixed-use site in Riyadh. The project covers 32,000 square metres on Al-Takhassusi Road and focuses on transit-oriented development. Partnering with Princess Munira bint Abdullah bin Faisal Al Saud and Naif AlRajhi Investment, the scheme will deliver new offices, homes, shops and hospitality spaces near the Al-Takhassusi Metro Station.
K Developments has launched Palencia Plaza in Al Shorouk City with an EGP 1.5 billion investment. The mixed-use project offers commercial, medical, and administrative units in a prime location opposite Carrefour. Designed by YBA, the development features modern facilities and flexible payment plans to meet growing demand in Egypt’s new cities.
Continuum Company and Aksoy Holdings have obtained approximately $350 million in financing for the Continuum Waterfront District in North Bay Village, Miami. The capital package from S3 Capital Partners funds the construction of a 36-story residential tower and pre-development for a second phase. This four-acre project includes over 500 units, a hotel and a marina, with the first phase scheduled for completion in 2028.
Chicago based firms Riverside Investment & Development and Singerman Real Estate have acquired the former Two Wells Fargo Center for $36.5 million. The developers plan to turn the 800,000 square foot office complex into a high-end mixed-use site featuring flats, a hotel and shops. Work on the Charlotte project is scheduled to begin in 2027 following the successful delivery of the firm’s first local luxury tower.
Aldar and Mubadala Investment Company have completed an AED 654 million acquisition of The Link at Masdar City through their 2024 joint venture. The mixed-use development is fully leased to major institutions, including Masdar and MBZUAI. Covering 32,000 square metres, the site features LEED Platinum office space and residential units. This deal highlights the growing demand for high-quality, sustainable assets within Abu Dhabi’s innovation ecosystem.
Talaat Moustafa Group has unveiled "The Spine," a landmark cognitive city project in Egypt. Launched alongside Prime Minister Dr Mostafa Madbouly, the EGP 1.4 trillion development integrates artificial intelligence with urban living. The project aims to contribute 1 per cent to Egypt’s GDP and create 155,000 jobs. It features a Special Investment Zone designed to attract global corporations through digital infrastructure and simplified regulations.
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