Dominus and Cheyne Capital have acquired the Grade II-listed Ibex House in the City of London for conversion into a 382-room hotel. The Art Deco landmark, built in the 1930s, will undergo a sustainable transformation designed by Studio Moren. The project aims to preserve the majority of the original structure while targeting top-tier environmental certifications. Alongside luxury guest rooms, the scheme includes the reopening of a historic pub and the launch of a new hospitality training academy.
Saudi Arabia has launched Alsirah Gardens, a new flagship cultural destination in Madinah designed to host 10 million visitors annually. Developed by the PIF-owned company QSAS, the project uses immersive storytelling to explore the Prophetic Biography through a blend of nature and modern architecture. This initiative is a key part of the Kingdom's Vision 2030 goal to enhance the experience for pilgrims and international tourists.
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.
Talaat Moustafa Group (TMG) has officially opened “The Village”, a new commercial and entertainment district at its Celia project in the New Administrative Capital. The facility features a Carrefour hypermarket and a “Kids Station”, alongside a variety of mixed-use services. Located in the heart of the Green River area, the hub includes medical centres, cinemas, and an open-air theatre.
Webstar Technology Group and Forge Atlanta Asset Management have secured a 10-acre site in Downtown Atlanta, marking the start of the 8.4 million square foot Forge Atlanta district. The project is expected to generate over $7.37 billion in economic impact and create thousands of jobs. Phase I will deliver a 300-room hotel, luxury condominiums, and extensive retail space. Construction is scheduled to begin in 2026.
Mercedes-Benz and Binghatti have revealed plans for a massive $8.17 billion branded residential district in Dubai’s Meydan area. The development, known as Mercedes-Benz Places | Binghatti City spans 10 million square feet and represents a significant expansion of the partnership between the car manufacturer and the developer. This masterplanned community will feature multiple residential towers alongside retail, leisure and mobility hubs.
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