The Indian REITs Association has joined the Global REIT Alliance, linking up with members from 24 countries to strengthen international cooperation, improve market standards, and expand India’s role in the global real estate investment trust sector.
Morocco has regained investment-grade status from Standard & Poor’s, with the agency raising its sovereign rating to BBB-/A-3. The move restores a label lost in 2021 and makes Morocco the only African borrower currently rated investment-grade by S&P.
Megaworld Corp. has launched a P2-billion share buyback programme while allocating P2.21 billion raised from its listed REIT unit to township developments in Cebu, Palawan and Bacolod. The company said the buyback would enhance shareholder value, while proceeds from MREIT will support ongoing projects due for completion in 2028.
Saudi Arabia has introduced a five-year rent freeze in Riyadh, halting increases for residential and commercial properties as part of new rules approved by the Cabinet. The measures, effective from 25 September, aim to curb rising rental costs and strengthen protections for both landlords and tenants.
OFA Group has partnered with Blockchain App Factory to develop a blockchain-based RWA platform that will tokenise real estate equity and mortgage assets. The company is also planning a $100 million cryptocurrency treasury while continuing to expand into AI and blockchain-led architectural solutions.
PredictAP has secured an additional $5 million in funding, rounding off a year of significant growth and expansion. The company now serves over 100 clients, processes more than 4 million invoices annually, and continues to enhance its AI-driven accounts payable automation technology for the real estate sector.
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