Plymouth Industrial REIT has agreed to a $2.1 billion acquisition by Makarora Management LP and Ares Alternative Credit funds in an all-cash transaction valued at $22 per share. The deal, approved unanimously by Plymouth’s Board, offers shareholders a 50% premium and is expected to close in early 2026, subject to regulatory and shareholder approval.
MERED has announced a collaboration with Pritzker Prize-winning architects Herzog & de Meuron for the Riviera Residences, a landmark development on Abu Dhabi’s Al Reem Island. Featuring over 400 apartments and 12 bespoke villas, the project draws on the city’s pearl-diving heritage and will debut in November 2025.
Property Finder has secured $250 million in debt financing from Ares Credit Funds to accelerate its growth across the MENA region. The funding will support AI-driven solutions, product innovation, and strategic partnerships while reinforcing the company’s position as the region’s largest property platform.
IHG Hotels & Resorts has launched InterContinental Residences Bangkok Asoke, its first standalone branded residences project in Bangkok. Scheduled for completion in 2029, the development will feature 88 luxury units and is a joint venture with CG Capital, marking a significant step in IHG’s expansion into the standalone branded residential market.
Marjan and RAK Hospitality Holding have announced a landmark merger to create one of the UAE’s largest integrated real estate and hospitality developers. The combined entity will operate under the Marjan brand, leading key projects including Al Marjan Island, RAK Central, Marjan Beach, and a new Jebel Jais masterplan, driving Ras Al Khaimah’s Vision 2030 for sustainable tourism and investment.
LuLu International Holdings and Mulk International have joined forces to develop Mirkaaz Mall by LuLu, a mixed-use Freezone retail hub in Ajman. The 2.5 million-square-foot project, part of the T10 Mirkaaz City development, aims to establish a new benchmark for shopping and community living in the Northern Emirates.
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