05 Feb 2026

The management company of London's luxury residential development One Hyde Park has won a High Court case against construction firm Laing O Rourke Construction South Limited, securing a ruling in its favour over a repair claim valued at more than GBP 35 million, equivalent to about USD 48 million. The lawsuit concerned extensive pipework defects at the apartment complex, which were found to have arisen from improper installation during construction. The court held that the corrosion resulted from a failure to correctly install insulation, placing contractual liability on the contractor. One Hyde Park, one of the world's most expensive residential addresses, was completed in 2011 and includes apartments currently marketed for up to GBP 175 million. The ruling clears the way for large-scale remedial works that will require residents to temporarily vacate their homes in phases.Read more

05 Feb 2026

Swedish Logistic Property AB has signed a lease agreement with Meds Apotek for a 19,300 square metre logistics facility in Eskilstuna. The lease is valid for a period of five and a half years and will support the online pharmacy's warehousing and distribution needs. The transaction highlights sustained demand for logistics assets in well-connected regional hubs. Eskilstuna's strategic location continues to attract occupiers serving e-commerce and healthcare supply chains. For Swedish Logistic Property, the agreement strengthens rental visibility and aligns with its focus on long-term, stable leases.Read more

05 Feb 2026

Afcons Infrastructure Limited has secured a strategic road infrastructure project in Uganda, valued at over EUR 100 million, marking a key step in the company's expansion across African markets. The project is being funded by a multilateral development agency and aligns with Afcons export-led growth strategy, focused on delivering large-scale and sustainable infrastructure solutions outside India. The award reinforces the company's long-standing presence in international EPC markets and highlights its role in supporting regional economic development through complex infrastructure execution. Part of the Shapoorji Pallonji Group, Afcons continues to build on its six-decade legacy, backed by strong global rankings in bridges, marine and port infrastructure, and international contracting.Read more

05 Feb 2026

Torunlar REIT has acquired two major Turkish shopping centres, Forum Kayseri and Forum Mersin, from Union Investment Real Estate GmbH for EUR 130.4 million and EUR 219.0 million respectively. These acquisitions reinforce the company's retail portfolio and support its long-term growth strategy. Both centres are prominent retail destinations, attracting strong footfall and a mix of global and local brands. The move aligns with Torunlar's ongoing expansion in Turkey's shopping centre market, offering steady rental income and potential capital appreciation.Read more

05 Feb 2026

GuocoLand has announced plans to take its Malaysian subsidiary private through a buyout valuing the company at MYR 770.5 million, or about USD 196.1 million. The offer, made by unit GLL Malaysia, is priced at MYR 1.10 per share and carries a 17.65 percent premium to the previous closing price. Shareholders will receive a capital repayment of MYR 269.4 million. Following completion, GuocoLand (Malaysia) will be delisted and become a wholly owned subsidiary.Read more

05 Feb 2026

Simon Property Group has projected its 2026 funds from operations above market expectations, supported by rising rents across its mall and shopping centre portfolio. Tight supply of quality retail space has helped lift base rents year-on-year, although higher interest rates and weaker consumer sentiment are pressuring retailer expansion plans. The company reported slightly lower-than-expected quarterly FFO due to a one-time restructuring charge, even as revenue exceeded estimates. Its outlook reflects steady leasing fundamentals alongside ongoing tenant-related risks.Read more

04 Feb 2026

Hongkong Land has launched its first private real estate fund, seeded with SGD 8.2 billion worth of Singapore commercial assets. The perpetual fund holds prime office-led properties in the Marina Bay and Raffles Place areas and has attracted major institutional investors, including QIA and APG. With a current occupancy of about 96%, the company plans to grow the fund to at least SGD 15 billion in gross asset value within five years. The move supports its long-term asset management and capital recycling strategy.Read more

04 Feb 2026

United Aircraft, a Shenzhen-based Chinese drone manufacturer, is preparing for an initial public offering in Hong Kong or mainland China around 2027 or 2028 to fund research, development, and expansion. The company, which raised over 3 billion yuan (around USD 432 million) in 2023 and is valued at more than 10 billion yuan, aims to increase drone deliveries from over 3,000 in 2025 to about 10,000 this year. It is also ramping up international sales, with exports to Cambodia and France, and expects overseas revenue to reach roughly 30 per cent of total sales within a few years.Read more

04 Feb 2026

Dubai is emerging as a regional hub for wellness-oriented luxury real estate as high-net-worth buyers increasingly prioritise quality of life over conventional markers of prestige. The global wellness real estate market, which has expanded rapidly since 2019, is projected to reach USD 1.1 trillion by 2029, with the Middle East and North Africa playing a growing role. Data from the Global Wellness Institute indicate that the MENA region is currently the second-fastest-growing wellness real estate market globally, expanding at just over 22 per cent annually, ahead of Europe and behind only Latin America and the Caribbean. Developers in Dubai are responding by integrating health-driven design, sustainability and lifestyle features into large-scale residential projects, reflecting changing investor motivations and longer holding horizons.Read more

04 Feb 2026

Mortgage approvals in the UK fell to 61,013 in December, marking the lowest level since mid-2024, according to Bank of England data. This decline, below economists forecasts, reflects a slowdown in property transactions following the end of a temporary tax break and pre-budget caution over potential higher levies on expensive homes. Annual house price growth remained modest, with Halifax reporting 0.3% and Nationwide 0.6% increases. While early signs show improving buyer sentiment and retail sales were stronger than expected, the low mortgage approvals indicate the housing market may remain subdued in early 2026.Read more