Global investment firm KKR has completed the acquisition of the Cheongna Logistics Center in Incheon, South Korea. The deal represents the largest single asset logistics transaction in the country to date. Working alongside local asset manager Kreate, KKR acquired the 4.6 million square foot facility to capitalise on the growing demand for modern warehousing. The site is currently fully occupied and serves as a vital link in the Greater Seoul metropolitan area supply chain.
La Rosa Holdings Corp. has confirmed the appointment of Nicholas Adler as its new Chairman of the Board. Mr Adler joins the Nasdaq listed firm effective from 29 December 2025 and will also lead the Compensation Committee. The company is currently focusing on expanding its footprint in real estate backed technology infrastructure. This leadership change is intended to support the firm's long term growth and data centre development goals.
Indian state owned developer NBCC has entered the Dubai real estate market through a new subsidiary, marking its first major international project. The company has purchased land in Dubai Mainland for AED 16 million to build a ten storey mixed-use tower. This project is expected to bring in up to AED 60 million in revenue. The move builds on NBCC’s previous work in the region and its successful track record of delivering thousands of homes in India.
Blox Ventures has completed the acquisition of a prominent city block in Downtown Redwood City for $46 million. The 200,000 square foot mixed-use property was purchased from DWS Asset Management and includes a variety of retail, office and entertainment spaces. Key tenants at the site include Century Theatre, UCSF Health and several popular eateries. This deal adds to the substantial portfolio of Blox Ventures which has managed over $3 billion in real estate since its founding in 2015.
Modon Holding has announced a significant entry into the US residential market by forming a joint venture to build Harborside 4 in Jersey City. The Abu Dhabi-based firm will take a majority stake in the 54-story luxury tower alongside US giants Related Companies and Panepinto Properties. This waterfront development is set to provide 800 new homes, split between rental units and luxury condominiums, by early 2029.
New Murabba has formalised a strategic partnership with Saudi Arabia's Ministry of Municipalities and Housing to streamline urban development in Riyadh. The agreement covers land use integration, green space expansion and the adoption of global best practices for infrastructure. By aligning architectural identities and smart city strategies, the two bodies aim to deliver a sustainable modern downtown. The deal also focuses on traffic safety and community participation as part of the broader Saudi Vision 2030.
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