MIDAR for Investment and Urban Development has signed a major partnership agreement with Sixth of October Development and Investment Company (SODIC) to jointly develop Egypt’s first fully integrated wellness and sustainable community within “MADA”, New Cairo. The project, valued at EGP 110 billion, marks a significant step in Egypt’s ongoing urban expansion and sustainable city development efforts.
Blackstone is reportedly close to a £1bn deal to sell logistics assets to Tritax Big Box REIT, just weeks after the two competed in a bidding war for Warehouse REIT. The agreement could see Blackstone take an equity stake in Tritax Big Box.
The Housing Minister has launched the second phase of the Madinat Salman housing project, adding 432 new apartments and advancing Bahrain’s 2023–2026 housing programme, with a focus on sustainability, modern design, and timely delivery.
Alef Group and BEEAH have announced a partnership to drive sustainable development in Sharjah by combining real estate expertise with environmental innovation.
Alpine Income Property Trust, Inc. has acquired a three-property portfolio spanning Illinois, Virginia and Louisiana for $2.8 million, achieving a weighted average cash yield of 8.5%.
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