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.
Diriyah Company has finalised a major joint development deal with Midad Development and Real Estate Investment Company to create the Four Seasons Hotel and Private Residences Diriyah. The project is valued at $827 million and will be located within the vast "City of Earth" masterplan in Saudi Arabia. This development includes a 159-room luxury hotel and high-end private residences covering over 235,000 square metres.
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.
Prince Saud bin Naif bin Abdulaziz, Governor of the Eastern Region, has launched municipal and development projects in Al-Ahsa worth SAR992 million. The initiative includes a new hackathon for housing solutions and a campaign to improve the urban landscape. Key agreements were signed, including investment contracts worth SAR50 million and nine community partnerships. The plans also feature three new parks, aligning with the Quality of Life Program under Saudi Vision 2030.
TRYBE has announced a major partnership with the restaurant management platform TablePath to unify hotel and spa booking systems. This new integration allows guests to view live availability for dining, spa treatments and leisure activities through a single digital portal. By combining these services, hospitality businesses can offer a smoother booking journey for their customers.
Hilton has expanded its presence in the Middle East with the opening of three new hotels at the Barr Al Jissah waterfront in Oman. The development includes Al Husn Hotel Muscat, Hilton Muscat Al Bandar and DoubleTree by Hilton Muscat Al Waha. These properties are located between the Al Jissah cliffs and the Gulf of Oman, just 40 minutes away from Muscat International Airport.
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