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.
Barings has expanded its Australian industrial footprint with the off-market acquisition of the Smithfield Industrial Estate in Sydney. Purchased through the BRAVA V fund, the estate covers nearly 57,000 square metres and supports 52 tenancies. The site is strategically located near Parramatta and major freight corridors, offering significant value-add potential. This deal is one of three initial Sydney investments for the fund, which now totals A$686 million in assets.
Webstar Technology Group and Forge Atlanta Asset Management have secured a 10-acre site in Downtown Atlanta, marking the start of the 8.4 million square foot Forge Atlanta district. The project is expected to generate over $7.37 billion in economic impact and create thousands of jobs. Phase I will deliver a 300-room hotel, luxury condominiums, and extensive retail space. Construction is scheduled to begin in 2026.
Mercedes-Benz and Binghatti have revealed plans for a massive $8.17 billion branded residential district in Dubai’s Meydan area. The development, known as Mercedes-Benz Places | Binghatti City spans 10 million square feet and represents a significant expansion of the partnership between the car manufacturer and the developer. This masterplanned community will feature multiple residential towers alongside retail, leisure and mobility hubs.
Measurabl has announced a major leadership transition with the appointment of Maureen Waters as Chief Executive Officer. Waters, who previously served as President, takes over from Co-founder Matt Ellis as the company seeks to accelerate its growth within the real estate data sector. During her time as Chief Growth Officer, Waters oversaw significant operational improvements and the launch of a free sustainability solution used across 47 countries.
CAPREIT has confirmed the acquisition of six new rental properties across Canada, totalling nearly $293 million in investment. The deal includes major residential complexes in Quebec, Saskatchewan, and British Columbia, aimed at modernising the firm's portfolio. Alongside these purchases, the trust has committed $94 million to share buybacks as part of its ongoing capital strategy.
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