19 Dec 2025

Tecom Group has launched Phase 4 of its Innovation Hub at Dubai Internet City with an investment of AED 615 million. The development forms part of the group's ongoing expansion of one of the UAE's most prominent technology-focused business districts. The new phase builds on earlier stages of the Innovation Hub, which were created to support technology firms, startups, and innovation-led businesses. Dubai Internet City continues to attract global and regional companies, and the latest investment reflects sustained demand for modern, flexible workspaces within the technology and digital services sector.Read more

18 Dec 2025

Data centre-focused real estate investor Fermi has denied media reports linking Amazon to its stalled Texas data centre project. The company clarified that Amazon was never involved as a prospective tenant or funding partner for the development. The statement followed a report suggesting Amazon had held talks to lease space and later pulled out of a construction funding agreement. Fermi said these claims were incorrect and misleading. Earlier, the company disclosed that an unnamed prospective tenant had terminated an agreement that could have contributed up to USD 150 million towards construction, triggering a sharp fall in its share price. Fermi continues to position its Texas project as part of its long-term data infrastructure expansion strategy.Read more

18 Dec 2025

Paramount Corporation Bhd has announced that a subsidiary plans to acquire three parcels of leasehold land in Negeri Selangor Darul Ehsan for MYR 113.5 million. The proposal was disclosed through a regulatory filing, with no details shared on land size, exact location, or intended use. Selangor remains a key development market due to strong infrastructure and steady demand. The acquisition aligns with Paramount's cautious land banking approach aimed at supporting future development while maintaining flexibility in project execution.Read more

18 Dec 2025

Shares of Hut 8 rose sharply after the company announced a long-term agreement valued at around USD 7 billion to lease and develop a large-scale data centre in Louisiana, signalling a strategic shift towards artificial intelligence infrastructure. The move highlights the growing trend of former cryptocurrency miners repositioning their power-intensive assets to cater to rising demand from AI developers. The planned facility will be developed under a 15-year lease and is expected to come online in phases. The agreement also deepens Hut 8’s collaboration with AI-focused partners, underlining the increasing competition among global technology firms to secure energy-rich data centre capacity.Read more

18 Dec 2025

Sri Lanka's Road Development Authority has reported infrastructure losses of nearly INR 75 billion due to damage caused by Cyclone Ditwah, with total rehabilitation needs estimated at around INR 190 billion. The cyclone damaged 316 roads and 40 bridges, severely disrupting regional connectivity. To fund restoration, the RDA is seeking financial support, including a proposed INR 2 billion loan from the World Bank, along with assistance from other lenders. Other public utilities were also hit, with significant losses reported by electricity and water supply agencies. While essential services have largely been restored, large-scale reconstruction remains a priority, highlighting the significant fiscal and infrastructure challenges facing Sri Lanka's recovery efforts.Read more

18 Dec 2025

Dubai's Binghatti Developers and German luxury brand Mercedes Benz have announced a joint real estate project valued at AED 30 billion to build the world's first Mercedes Benz branded city in the Meydan area. The development, known as Mercedes Benz Places Binghatti City, will span over 10 million square feet and include branded residential towers, retail areas, cultural and leisure districts, parks, mobility hubs, wellness zones, and community spaces. This marks the second collaboration between the two companies following a previously successful residential project and represents Binghatti's first fully master planned community. The official launch is planned for early next year.Read more

18 Dec 2025

Real estate developer Doxa AB has won approval of the detailed plan for its project near Brunnsh gstorget in Lund from the Land and Environment Court of Appeal, lifting a prior suspension and allowing the project to proceed. The plan covers about 50,000 square meters in the Torgkvarteren area and is mainly for residential development. Archus will now assist Doxa with investment strategy and preparations for building permits. This decision supports ongoing urban growth in Brunnshg, a district designed with strong sustainability goals and mixed uses.Read more

18 Dec 2025

Abu Dhabi-based investment firm Mubadala has joined forces with Barings, a subsidiary of MassMutual, to establish a USD 500 million global real estate debt partnership. The joint venture aims to invest in senior and subordinated loans across a variety of real estate asset classes worldwide. This collaboration marks a strategic step for Mubadala to expand its footprint in global real estate finance, leveraging Barings expertise in debt investment. The partnership is expected to offer diversified exposure while targeting risk-adjusted returns in the real estate lending market.Read more

18 Dec 2025

Vietnam's latest government bond auction raised USD 514 million, the highest in six months, with 85% of bonds sold compared with 61% in the previous week. Total government bond sales in 2025 now reach 322 trillion dong, close to two-thirds of the annual target. The auction saw full uptake of 5-year bonds and nearly all 10-year bonds, while long-term bonds remained unsold. Meanwhile, corporate bond issuances total 539 trillion dong this year, with upcoming maturities concentrated in real estate and banking, reflecting ongoing activity in key sectors.Read more

17 Dec 2025

New Zealand's housing market saw a moderate increase in home prices in November, reflecting steady underlying demand despite a slowdown in sales. Seasonally adjusted median house prices rose 1.2% compared with October and were 2.3% higher than the previous year, according to the Real Estate Institute of New Zealand (REINZ). While national home sales declined 4.6% from October and 5.7% compared with last November, market resilience suggests that demand remains stable. Analysts note that price stability reflects the continued appeal of New Zealand's housing market amid a slower sales environment.Read more