Repsol has agreed to sell a 43.8 per cent stake in its 629 MW Outpost solar project in Texas to infrastructure investment firm Stonepeak for $252.5 million (€220 million). The transaction implies a total asset valuation of approximately $775 million (€675 million), which includes tax equity proceeds from Production Tax Credits. This deal represents Repsol's second use of an asset rotation strategy in the US renewables market to optimise its financial structure and attract strategic partners.
Saudi Arabia Railways (SAR) and Dedicated Housing Company (DHC) have announced a new partnership to develop a hospitality-inspired residential community in Riyadh's Al Malaz district. The development will consist of over 450 serviced residential units and 1,600 beds across two plots totalling 13,000 square metres. The project is an example of Transit-Oriented Development (TOD), aimed at linking high-quality living with key transportation infrastructure to create more connected and sustainable urban areas.
Karma Urban Development has officially launched its first project in New Cairo, KAVI, a mixed-use development comprising commercial, administrative, and medical spaces. The company marked its entry into the Egyptian market by signing three cooperation protocols with leading engineering consultancy firms for the project’s execution and management.
Toll Group has launched Singapore’s first decarbonisation hub dedicated to electric supply vessels, a 12-month proof-of-concept developed with Yinson GreenTech. The hub integrates electric marine transport, smart warehousing, and efficient trucking into one digitally connected operation.
ESR-REIT Management (S) Limited has agreed to divest a portfolio of eight non-core Singapore industrial properties for S$338.1 million. The sale represents a 2.0% premium to the independent valuation. The transaction is a key part of the REIT’s Portfolio Rejuvenation and Capital Recycling strategies.
Swire Properties and Lujiazui Group have launched Qiantan Place in Shanghai’s Pudong district, featuring two premium Grade-A office towers: One Qiantan Place (30 storeys) and Two Qiantan Place (24 storeys). The launch begins the pre-leasing phase for the new workspaces, which are part of the expanded Taikoo Li Qiantan mixed-use development. This development reinforces Swire Properties’ significant operational footprint in Shanghai.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
