31 Oct 2025

Singapore has allocated about 300 hectares of land on Jurong Island's western side for renewable energy projects and low-carbon fuel production, and an additional 20 hectares for the country's largest data centre park with a capacity of up to 700 megawatts. The initiative, led by the Economic Development Board (EDB) and JTC Corporation, aims to strengthen Singapore's clean-energy ecosystem and support digital infrastructure growth. The move aligns with national goals under the Singapore Green Plan 2030 to promote sustainable industrial growth and lower carbon emissions.Read more

31 Oct 2025

Foxtons has warned that fourth-quarter sales could fall short of expectations due to uncertainty created by the delayed UK autumn budget. The company said buyers are taking a cautious approach, adopting a "wait and see" attitude amid existing challenges in the housing market, including inflation, slower interest rate cuts, and global economic pressures. These factors have contributed to subdued demand and caused Foxtons' shares to drop sharply. The update underscores the continuing impact of fiscal and economic developments on buyer sentiment and market activity in the UK.Read more

30 Oct 2025

Australian shares declined for a second consecutive session, pressured by weakness in real estate and discretionary sectors after inflation data surpassed forecasts. The benchmark S&P/ASX 200 fell 0.3% to 8,898.30, following a 1% drop earlier in the week. Consumer price index data showed a 1.3% rise in the third quarter, exceeding expectations of 1.1%, largely due to higher housing and travel costs. With inflation running higher than anticipated, investors scaled back expectations of an interest rate cut by the Reserve Bank of Australia, with fewer than 7% now expecting policy easing.Read more

30 Oct 2025

Airbus, Leonardo, and Thales have signed an MoU to merge their space operations into a single European company, excluding space launchers. The entity will consolidate satellite manufacturing, space systems, and services, supporting telecommunications, navigation, earth observation, science, exploration, and national security. Headquartered in Toulouse, France, it will employ around 25,000 people and target an annual turnover of EUR 6.5 billion, with a backlog covering three years of projected sales. Airbus will hold 35%, while Leonardo and Thales will each own 32.5%, aiming for operational synergies and global competitiveness by 2027.Read more

30 Oct 2025

Plymouth Industrial REIT has announced its decision to go private through an acquisition by Makarora Management and Ares Management, valued at approximately USD 2.1 billion including debt. The Boston-based REIT's shareholders will receive USD 22 per share. The move follows an earlier unsolicited offer from Sixth Street Partners, which had proposed USD 24.10 per share. The deal includes a go-shop period allowing Plymouth to seek alternative proposals.Read more

30 Oct 2025

TotalEnergies has informed the Mozambican government that costs for its liquefied natural gas (LNG) project have increased by around USD 4.5 billion during the four-year suspension period caused by militant unrest. The French energy company, along with its partners, recently decided to lift the force majeure imposed in 2021 and requested the government to extend its production agreement by ten years. Before construction resumes, Mozambique's council of ministers must approve the revised budget and timeline, reflecting the additional costs resulting from the extended disruption.Read more

30 Oct 2025

NVR's third-quarter profit declined as shrinking margins and higher costs affected earnings, with net income falling 20% to USD 342.7 million and earnings per share dropping to USD 112.33, slightly above analysts' expectations. The gross profit margin decreased to 21.0% due to higher lot costs, pricing pressures, and contract land deposit impairments. New home orders fell 16%, while cancellations increased to 19%. Homebuilding revenues fell 4.4% to USD 2.56 billion. Rising interest rates and tariffs on construction materials continue to challenge the US homebuilding sector.Read more

29 Oct 2025

Regency Centers has increased its full-year forecast for funds from operations (FFO) following steady leasing demand for its grocery-anchored shopping centers. The real estate investment trust (REIT) expects its 2025 NAREIT FFO to range between USD 4.62 and USD 4.64 per share, slightly higher than its earlier projection of USD 4.59 to USD 4.63. The company also raised its annual core operating earnings guidance to USD 4.39-4.41 per share. For the third quarter ended September 30, Regency posted an FFO of USD 1.15 per share, matching market estimates.Read more

29 Oct 2025

Equity Residential, a Chicago-based real estate investment trust, reported higher third-quarter funds from operations (FFO) of USD 1.05 per share, up from USD 0.99 a year earlier, driven by strong rental demand and limited housing supply in key U.S. markets. Quarterly revenue reached USD 782.4 million, slightly above analyst estimates. CEO Mark Parrell highlighted that low new housing supply, stable employment, and rising incomes are supporting long-term rental market strength, particularly in coastal regions. The company's results reflect steady growth and operational resilience in the multifamily sector, with Equity Residential well positioned to benefit from ongoing urban rentership and demographic trends.Read more

29 Oct 2025

Real estate investment trust BXP, formerly known as Boston Properties, outperformed Wall Street forecasts for its third-quarter revenue, supported by robust leasing momentum as more companies expanded their physical office space. The REIT, which operates across six major U.S. markets including New York and San Francisco, recorded revenue of USD 871.5 million, surpassing analysts' estimates of USD 855.3 million. Following the results, its shares rose 3% in after-hours trading. The stronger demand for office space reflects the gradual shift away from work-from-home policies introduced during the pandemic.Read more