09 Sep 2025

PRS REIT confirmed that U.S. private equity giant KKR has joined its formal sale process, which already includes a takeover bid from Long Harbour. While no formal offer has yet been made, KKR's entry lifted PRS REIT's shares by 8.8% to 106.6 pence, topping the FTSE mid-cap index. Long Harbour's existing cash offer, submitted in June, values the REIT at £631.6 million, or 115 pence per share. Analysts say weak UK valuations are drawing U.S. investors, with KKR pursuing multiple British firms this year. PRS REIT, focused on family rental homes, launched its sale process after a strategic review in late 2024.Read more

09 Sep 2025

Emaar Misr for Development has entered into an agreement with Saudi and Emirati partners to develop a large-scale tourism project on Egypt's Red Sea coast. The project, named Marassi Red Sea, is expected to attract investments of around INR 900 billion (USD 18.58 billion). It is designed to cover an area of 170 square kilometres and aims to generate USD 100-200 million in annual revenues through tourism-related activities. The project was first revealed earlier this year and is being viewed as part of Egypt's wider strategy to attract foreign investment amid ongoing economic challenges.Read more

09 Sep 2025

Blackstone's GBP 489 million (USD 660.8 million) offer for Warehouse REIT has become unconditional, clearing a key step toward completing the acquisition of the UK-based logistics property trust. The U.S. private equity group raised its bid to 115 pence per share in July after initially proposing GBP 470 million earlier in the year, a move that convinced Warehouse REIT's board to change its recommendation from rival bidder Tritax Big Box REIT. The bidding contest ended in August when Tritax withdrew its GBP 485.2 million cash-plus-stock proposal. Blackstone's successful bid highlights the strong investor interest in logistics real estate driven by ecommerce demand.Read more

08 Sep 2025

The Philippines has introduced a new law allowing foreign investors to lease private land for up to 99 years, replacing the previous 50-year lease term with a 25-year extension. This move aims to enhance the country's competitiveness in attracting long-term offshore funding for commercial and industrial projects. The law addresses investor concerns about lease contract stability, especially for multi-decade investments, as the Philippine Constitution prohibits foreign ownership of private land.Read more

08 Sep 2025

The South Korean government introduced stricter mortgage regulations in Seoul this past week, alongside plans to increase affordable housing supply in the capital. The loan-to-value ratio in affluent areas such as Gangnam and Yongsan has been reduced to 40% from 50%. Authorities also outlined a strategy to utilise land owned by state-run developers and ease redevelopment rules to address the persistent housing shortage.Read more

08 Sep 2025

Emirati property developers have intensified efforts to attract British investors to Dubai, with the pound's strength against the dirham making property purchases significantly cheaper. The dollar-pegged dirham, hit by U.S. tariffs, has lost about 8% against sterling since January, effectively giving UK buyers a discount. Developers including Binghatti, Danube, Aldar and Damac have opened sales offices in London, introduced flexible payment options and even launched branded projects to target this demand. British buyers have since overtaken Indians as Dubai's top foreign investors.Read more

07 Sep 2025

In the past week, fresh data revealed a balanced but softening real estate market in Calgary. Home listings have surged, pushing inventories to the highest levels seen in years, while sales have slipped year-on-year. Benchmark and average house prices have largely eased, with apartments and row homes under the most pressure, though detached and semi-detached segments remain relatively stable. The shift toward a more balanced market is providing buyers with better negotiating leverage.Read more

06 Sep 2025

European prosecutors have initiated an inquiry into the 1.9 billion euro (USD 2.12 billion) Great Sea Interconnector project connecting Europe and the eastern Mediterranean. Developed by Greek operator IPTO, the project aims to link European and Cypriot transmission networks and later extend to Israel. It has faced repeated delays, raising questions about its cost and viability. Cypriot President Nikos Christodoulides confirmed the investigation into possible criminal offenses but noted no specific targets have been identified. Upon completion, the cable is expected to be both the world's longest and deepest high-voltage subsea link.Read more

06 Sep 2025

The cumulative value of real estate transactions in Oman reached RO1.593 billion by the end of July, reflecting a year-on-year decline of 7.9 per cent. Despite this dip, the sector has shown notable resilience, supported by investor confidence, ongoing development projects, and government initiatives aimed at sustainability. While activity has slowed in some segments, demand in residential and commercial assets has provided balance. Analysts indicated that the market remains fundamentally strong and continues to adapt in line with the country's broader economic diversification strategy.Read more

05 Sep 2025

The Toronto housing market showed signs of slowing as home sales in the Greater Toronto Area fell for the first time in five months, while prices edged slightly lower. Monthly price declines or stagnation have continued since last November, keeping affordability a key challenge for average-income households. Despite modest reductions in borrowing costs, many buyers remain cautious. New listings are growing, and experts suggest that further interest rate relief could attract more buyers to the market, which currently has a healthy supply of homes.Read more