Investcorp Capital PLC, the ADX-listed firm founded by Investcorp, announced the acquisition of a diversified US industrial real estate portfolio for approximately $400 million. The 35-building, 2.6 million square-foot portfolio is 97% occupied and spans seven resilient coastal markets including Sacramento, Philadelphia, Long Island and multiple locations in Florida.
EQT, through its BPEA Mid-Market Growth Partnership, has agreed to become the majority investor in PropertyMe, a leading Australian and New Zealand cloud-based PropTech platform. Founded in 2013, PropertyMe is the largest property management software provider in the region, used by over 6,000 agencies to manage approximately 1.9 million rental properties and transact nearly $40 billion annually. The investment will support PropertyMe’s continued growth, focusing on product innovation, AI features like AiMe, and potential geographic expansion.
Aldar and Mubadala Capital have officially announced the formation of Aldar Capital, a new investment management platform. The joint venture will focus on connecting global institutional investors, including sovereign wealth funds and pension funds, with high-quality real estate and infrastructure opportunities across the UAE and the wider GCC region.
Kronos Homes has launched its first mixed-use tourism project in Lisbon, the €150 million MIMA development in the Parque das Nações district. A core component is MIMA Living, offering 180 residential apartments with a new concept of urban housing. The fully furnished apartments, designed by Broadway Malyan, combine contemporary architecture and flexibility. Notably, the model offers professional tourism management, allowing buyers to generate income when not occupying the homes.
The iconic Stahl House in the Hollywood Hills is listed for sale for the first time since its 1960 completion, with an asking price of $25 million. The 2,200-square-foot mid-century modern home, designed by Pierre Koenig, is celebrated for its cantilevered steel and glass design. The sale is being undertaken by the Stahl family, the only owners in the home's 65-year history. The home gained global fame as Case Study House No 22 and through the photography of Julius Shulman. The listing seeks a new custodian who will ensure the preservation of this significant cultural landmark.
H&R REIT has entered agreements to sell retail and office properties across Canada and the United States in transactions totalling $1.5 billion. The sales, which align with the trust’s ongoing simplification strategy, will see proceeds directed toward reducing debt and shifting the portfolio further toward residential and industrial assets.
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