13 Apr 2026

IOI Properties Group has announced plans to establish and list a Malaysian real estate investment trust backed by a diversified portfolio of retail, office and hospitality assets valued at approximately 7.58 billion ringgit (USD 1.9 billion). The proposed REIT, expected to launch by the fourth quarter of 2026, will comprise prominent assets including IOI City Mall and multiple hotel properties. The offering could raise nearly 1.97 billion ringgit through an initial public offering of units, with total proceeds estimated at 4.62 billion ringgit. The company intends to utilise funds primarily for debt repayment and ongoing investments, aligning with earlier plans to explore dual REIT listings in Malaysia and Singapore.Read more

13 Apr 2026

Construction of the 1,200 MW Punatsangchhu-I hydropower project in Bhutan has resumed after a nearly seven-year halt caused by geological issues affecting dam stability. The restart was marked by a concrete pouring ceremony attended by India's Power Minister Manohar Lal. The India-funded project, located in Wangdue Phodrang, is expected to be completed within five years and will significantly enhance Bhutan's hydropower capacity by around 30 per cent. With over 93 per cent financial and nearly 88 per cent physical progress achieved prior to suspension, the project underscores continued India-Bhutan cooperation in energy infrastructure and cross-border electricity trade.Read more

13 Apr 2026

Ares Management has agreed to acquire Whitestone REIT in an all-cash transaction valued at about USD 1.7 billion, taking the U.S.-based retail real estate investment trust private. Under the agreement, shareholders of Whitestone REIT will receive USD 19 per share in cash, reflecting a premium over its previous trading level. The deal has been unanimously approved by Whitestone's board and is expected to close in the third quarter of 2026, subject to regulatory approvals and shareholder consent. The transaction comes amid continued consolidation in the retail REIT segment.Read more

13 Apr 2026

Skanska AB has secured a contract valued at NOK 1.2 billion to build a new double-track railway line in Norway. The project reflects continued investment in rail infrastructure aimed at improving capacity and efficiency in the country's transport network. The contract, equivalent to about SEK 1.1 billion, adds to Skanska's order book in the Nordic region, where public infrastructure development remains a key growth driver. The development is aligned with broader efforts to enhance sustainable mobility and reduce congestion through upgraded rail systems.Read more

13 Apr 2026

Wihlborgs Fastigheter AB has entered into a development and lease agreement with MilDef Group AB for a 10,200 sqm integrated facility. The project involves a total investment of SEK 97 million, including land costs. The lease agreement will run until 2039, indicating a long-term commitment between both companies. The facility is expected to be ready for occupancy in summer 2027. The deal reflects continued demand for customised, built-to-suit industrial and technology spaces, particularly from defence and technology-linked companies seeking secure and specialised infrastructure.Read more

13 Apr 2026

ESR has secured USD 850 million in fresh equity from its existing shareholders to support growth across its logistics real estate and data centre businesses in the Asia-Pacific region. The fundraising follows its privatisation in 2025 and adds to over USD 2 billion raised through asset sales and recapitalisation efforts since early 2025. The company plans to deploy the capital in key markets such as Australia, Japan and South Korea, while exploring opportunities in India, Southeast Asia and Greater China. ESR also continues to expand its logistics and data centre development pipeline across the region.Read more

13 Apr 2026

Britain's housing market cooled last month as the Iran conflict and rising mortgage rates reduced buyer interest, according to RICS. House prices fell sharply, while new buyer demand and sales expectations dropped to multi-year lows. Temporary geopolitical developments provided brief relief in mortgage rates, but they remain elevated compared to pre-conflict levels. Meanwhile, rents continued to climb due to strong demand and fewer new landlord listings. Future housing trends will depend on how oil, energy costs, and geopolitical conditions evolve.Read more

13 Apr 2026

Arxis, an aerospace and defense components manufacturer backed by Arcline Investment Management, is preparing for its US initial public offering with a valuation target of up to USD 11.2 billion. The company plans to raise around USD 1.06 billion through the sale of 37.7 million shares, priced between USD 25 and USD 28 per share. The listing comes at a time when global defense spending is rising, driving stronger investor interest in aerospace and defense-linked industrial companies, especially those with diversified manufacturing platforms and steady acquisition-led growth strategies.Read more

12 Apr 2026

Stefano Gabbana, co-founder of Dolce & Gabbana, has stepped down as chairman, with the change taking effect at the start of the year, according to a recent filing. The move comes as the company explores financial restructuring, including raising up to EUR 150 million and refinancing debt worth around EUR 450 million (USD 525.7 million). Reports indicate that Gabbana may also evaluate options for his nearly 40% stake. The company is considering asset monetisation and licence renewals to improve liquidity while continuing to be led creatively by its founders.Read more

12 Apr 2026

Keturah has reported strong investor response at its Keturah Resort in Dubai, with four ultra-luxury waterfront mansions and 110 apartments already sold at the Ritz-Carlton Residences within the project. The development, positioned as the Middle East's first fully wellness-certified resort, includes 12 mansions and 193 apartments alongside hospitality and wellness infrastructure. Located along Dubai Creek near the Ras Al Khor Wildlife Sanctuary, the project reflects rising global demand for wellness-led luxury real estate, as investors increasingly prioritise lifestyle quality and health-oriented residential environments.Read more