The Anambra State Government is moving ahead with its ambitious low-cost housing initiative after resolving last-minute bureaucratic and contractual issues. The scheme aims to construct 10,000 affordable homes for civil servants and low-income households in the Isiagu area of Awka South Local Government. The project, which has been approved by Governor Chukwuma Charles Soludo, will be executed via a Public–Private Partnership (PPP) arrangement with real estate developers.
Amazon Web Services (AWS) announced that Thai developer Sansiri Public Company Limited has completed a successful large-scale deployment of generative artificial intelligence (Gen AI). The project is Thailand's first extensive use of Gen AI in the real estate sector. AWS reports that the cloud-based solutions have delivered measurable results for Sansiri, accelerating customer response times by 30 per cent and improving satisfaction scores by 25 per cent.
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.
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