One United Properties (BVB: ONE) has signed a preliminary sale agreement for a 34,800 sqm plot of land in Constanţa, accelerating its strategic expansion outside Bucharest into Romania’s key regional cities. The land, located on the Black Sea coast in the Faleză Nord-Pescărie area, will be the site of a new mixed-use development with an estimated gross development value of approximately EUR 500 million.
Penta Real Estate has formally entered the UK property market by acquiring two residential development sites in London's Canary Wharf and Nine Elms. The projects, which represent an investment of over GBP 700 million, will collectively deliver more than 680 new apartments. The developments, which began construction this year and are set for completion in 2029, are being undertaken through an equal-share joint venture with the established London developer Ballymore.
The Supervisory Board of Vonovia SE has unanimously decided on two key Executive Board changes, appointing Katja Wünschel as the new Chief Development Officer (CDO) from June 1, 2026. Ms. Wünschel, a seasoned leader from the renewable energy sector, is expected to bring extensive experience in project management and large investment projects to Vonovia’s new housing and modular construction business.
IHG Hotels & Resorts has signed a key management agreement with a SEDCO Capital-managed investment fund for the Hotel Indigo Grand Square Jeddah, marking a significant entry into the Kingdom's growing lifestyle travel segment. This 150-key hotel will serve as the core hospitality component of the Grand Square mixed-use project, a major urban development integrating retail and office spaces.
Modon has unveiled Bashayer, the first ultra-exclusive waterfront community on Hudayriyat Island in Abu Dhabi, offering views of Al Bateen Beach and the city skyline. The community is linked by a 3.5-kilometre waterfront promenade and a linear park, marking the next stage in Hudayriyat Island’s growth as a major integrated lifestyle destination.
The Inter-American Development Bank Group and the Economic Commission for Latin America and the Caribbean have launched a joint data platform to address housing shortages and urban development issues in Latin America and the Caribbean. Named Housing and Urban Intelligence, the platform is the region’s first integrated data hub of its kind, launched with support from the OECD. The platform provides over 3,000 indicators, 18 country profiles, and information from more than 500 official sources.
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