A new community destination named BAY360 is coming to Jumeirah Lakes Towers, featuring a flagship Spinneys supermarket and a variety of waterfront dining options. Developed by DMCC and Sweid & Sweid, the project aims to improve the liveability of the district through better pedestrian access and modern lifestyle amenities. Scheduled for completion in 2027, the hub will occupy part of Lake D and include essential medical services and rooftop sports facilities.
The Blau & Berg Company has announced a series of significant leadership changes as the firm prepares for its upcoming centennial. Kenneth Crimmins will move into the role of sole Chairman to focus on high-level governance and the firm's family-run legacy. Jason Crimmins has been named the new Chief Executive Officer while Alessandro Conte takes over as President. These appointments became effective on 1 January 2026 and are designed to drive growth across the industrial and commercial sectors.
Hang Lung Properties, in partnership with Shanghai Join Buy Group Co., Ltd., has secured the No. 1038 West Nanjing Road Commercial Project. The landmark redevelopment, formerly Westgate Mall, will operate under a 20-year lease. The site will be transformed into a dynamic mixed-use complex and will feature integrated retail, hospitality, and office spaces, supporting Shanghai’s urban renewal efforts and international consumption status.
Pan Pacific Hotels Group has signed a management agreement for PARKROYAL Serviced Suites Manila Bay, marking another step in its long-stay expansion across Southeast Asia. The 169-suite project, located within a mixed-use development in Metro Manila, is expected to open in the first half of 2027 as demand for extended-stay accommodation continues to rise in the region.
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.
Aldar has increased its ownership in Aldar Estates to 82.55% after acquiring Modon Holding’s 17.45% indirect stake. The platform, now managing AED 3 billion in active contracts, has expanded rapidly in recent years with significant growth in residential units, commercial space and revenue, reinforcing Aldar’s long-term investment strategy.
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