Modon has awarded an AED 5 billion construction contract for the Nawayef East and Nawayef West developments on Hudayriyat Island, marking Abu Dhabi's biggest residential deal of 2025. The project will see 735 luxury villas built on record-breaking man-made hills, some rising up to 55 metres high. This landmark agreement follows earlier infrastructure works as the island continues its transformation into a premier residential hub.
Crewstone International has announced a significant RM10 million investment into Zen Vision Group to support housing and property financing in Malaysia. Zen Vision, which has seen profits jump eightfold recently, will use the funds to deliver 71 upcoming projects. The deal follows a structured, milestone-based approach to ensure responsible growth. Both firms aim to provide more sustainable pathways for local homeownership through integrated property management and interior services.
BGO has marked its entry into the North American student housing sector by acquiring a two-tower complex in Edmonton, Canada. The Eleanor and Laurent towers provide a mix of 493 student beds and 272 residential apartments, including 68 affordable units. Located in the Garneau district near the University of Alberta, the fully leased assets represent a significant expansion for BGO’s residential platform.
Marriott International is set to launch its EDITION brand in Africa following a deal with V&A Waterfront Holdings in Cape Town. The development, which includes a 142-room hotel and six exclusive private residences, is slated for completion in 2026. Designed by Neri & Hu and StudioMAS, the project will be located at the edge of the Granger Bay development.
A significant $1 billion agreement has been reached to develop the first major residential and commercial precinct in Bradfield City, Australia. The partnership between the NSW Government and Plenary will see the construction of 1,400 homes alongside a new university campus and a luxury hotel. This project represents a foundational move in creating the first new Australian city in 100 years. Stage 1 is set to focus on essential services and public spaces over the next five years.
Mandatum and funds advised by Morgan Stanley Real Estate Investing have established a new joint venture to target residential property in Finland. The partnership begins with a seed portfolio of 360 units across seven assets in the Helsinki Metropolitan Area. Four of these properties were previously owned by Mandatum. This move is part of a broader plan to expand through future acquisitions in the capital region.
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