PGIM Real Estate and Northstar Capital have acquired 51 Tuas View Link in Singapore for a major logistics redevelopment. The partnership will replace existing warehouses with a 1.1 million square foot, five-storey facility designed for sustainability. Located near the Tuas Mega Port, the project targets the city's supply-constrained industrial market. This investment follows PGIM’s US$3 billion transaction year in 2025 and focuses on creating long-term value through modern, ramp-up infrastructure.
UN Tourism has launched a new Road Map to prepare for the International Year of Sustainable and Resilient Tourism in 2027. This strategy follows a mandate from the United Nations General Assembly. The plan was recently welcomed by the Committee on Tourism and Sustainability during a summit in Madrid. The organisation aims to use the next three years to position the travel sector as a key driver for global development beyond the 2030 goals.
MERED and EMSTEEL have launched a sustainable construction partnership to pilot high-strength steel solutions in the UAE real estate market. Signed at Abu Dhabi Sustainability Week, the deal focuses on improving building efficiency and reducing material waste. The move follows EMSTEEL receiving the prestigious Diamond Sustainability Label for its environmental leadership.
Instone Real Estate has acquired a 12,500 m² plot in Unterschleißheim to develop a new residential quarter. The project will provide 180 apartments designed to meet high energy efficiency standards including a connection to local geothermal energy. Located in the northern Munich metropolitan area, the development forms part of a multi-generational campus initiative. The move aims to tackle the urgent need for housing in one of Germany's most economically vibrant regions.
Hyatt Hotels Corporation has launched its Unscripted by Hyatt brand on a global scale through a landmark agreement with Indochina Kajima. Six existing Wink hotels across Vietnam have joined the new portfolio, more than doubling Hyatt's footprint in the country from four to ten properties. These locations include major cities and emerging hubs such as Saigon, Danang, and Can Tho.
A major redevelopment of 75 London Wall is set to begin in the City of London following the appointment of Multiplex as the main contractor. The £250 million contract was awarded by joint venture partners Gamuda Berhad and Castleforge this month. The project will transform the existing site into a £1.2 billion office scheme covering over 450,000sq ft.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
