The developer of Riyadh’s landmark business district, KAFD DMC, has secured a SAR 12 billion senior-secured Murabaha funding facility. Spanning a 15-year term, this marks the company’s first independently raised debt package. Arranged by Al Rajhi Capital alongside a syndicate of ten local and regional banks, the oversubscribed facility will fund further commercial asset delivery and infrastructure expansion across the premier financial hub.
European investor Urban Partners has launched a new regeneration fund with strategic partners Copenhagen Infrastructure Partners and Viessmann Generations Group. Backed by anchor investors PensionDanmark and SamPension, the vehicle has secured an initial unlevered investment capacity of up to €650 million. The fund targets brownfield sites across growth cities in the Nordics, Germany and the UK to build mixed-use communities and address critical housing shortages.
Saudi Arabia's Minister of Municipalities and Housing, Majid bin Abdullah Al-Hogail, has secured housing projects worth over 1.9 billion riyals during an official visit to China. The trip featured the signing of six major agreements alongside the launch of the Saudi-Chinese Contractors Forum. These deals form part of a broader bilateral strategy to construct 100,000 homes in the Kingdom by 2030.
Marcus and Millichap Capital Corporation has arranged an 85 million USD construction loan for a 297,771-square-foot mixed-use scheme in Beverly Hills. The six-story development at 55 North La Cienega Boulevard will deliver 140 luxury apartments and 13,303 square feet of retail space. It is expected to become the largest residential complex in the history of Beverly Hills.
The Egyptian Kuwaiti Real Estate Development Company and Hassan Allam Holding subsidiary Grova West have partnered to build a mixed-use project in West Cairo. Spanning 295 acres in Sheikh Zayed City, the venture represents an investment expected to exceed EGP 250 billion. The development will feature a blend of residential apartments, villas, commercial spaces and medical facilities managed entirely by Grova West.
Dubai developer Emaar Properties has announced plans for an AED 200 billion master-planned district designed to accommodate nearly 150,000 residents. Spanning a built-up area of more than 4.5 million square metres, the self-sustaining urban project will integrate high-rise towers, luxury enclaves and commercial spaces. The development centers on a 20-minute city layout linked to the Dubai Metro network.
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