ESR has partnered with two Chinese insurance giants to establish a RMB 1.6 billion income fund focused on prime logistics assets. The deal involves the recapitalisation of two multi-storey industrial properties in Shanghai and Suzhou, totalling 320,000 square metres. By retaining management of the portfolio, ESR continues its capital recycling strategy while meeting the high demand from domestic institutional investors for modern supply chain infrastructure.
The Halan AZ Real Estate Investment Fund has fully closed its first hospitality tranche, marking a successful entry into Egypt’s income-generating asset market. Partnering with Brassbell Hospitality Group, the fund is converting heritage buildings in Cairo into institutional-grade assets. With plans to develop 700 keys in 2026, the project aligns with national goals to expand tourism capacity following record-breaking sector revenues in 2025.
Vietnam’s Sun Group has entered a US$2.3 billion strategic partnership with Chinese design firm Gold Mantis. The deal focuses on high-end interior architecture and technology for major national works. A primary objective is the development of infrastructure for the APEC 2027 Conference in Phu Quoc. This collaboration aims to bring international design standards and advanced building information modelling to Vietnam’s burgeoning construction sector.
Lucra and Great Linqx have partnered to launch a gamified sports entertainment concept across the United States. Using Lucra’s mobile technology, Great Linqx will offer real-money tournaments and skill-based challenges at its new mixed-use venues. The first location is set to open in 2027. The project targets mid-sized cities and aims to combine competitive gaming with community living and dining.
Asbar Capital and Ladun Investment Company have signed an agreement to develop a mixed-use project in Riyadh. Located in the Al-Munsiyah district, the development will feature a hotel, retail spaces and residential units. Construction costs are estimated to exceed 250 million riyals. Ladun will manage the design, execution and marketing for the project, which aims to maximise the value of the one billion riyal fund.
Minor Hotels has confirmed the signing of two new Anantara properties in India, marking a major step in its regional growth. The expansion includes the brand’s first Indian resort in the Western Ghats and its debut urban hotel in Kolkata. These developments are part of a wider plan by the global group to reach a target of 50 properties across the country within the next decade.
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