City Developments Ltd (CDL) has completed the sale of its U.S. multifamily asset, 1250 Lakeside in Sunnyvale, for USD 143.5 million. The company confirmed the divestment earlier this week as part of its ongoing effort to manage its international portfolio more efficiently. The Sunnyvale property has been one of CDL's rental housing holdings in the U.S., a market where the group has selectively adjusted its exposure in recent years. The sale also reflects continued investor interest in residential assets across Silicon Valley, where rental demand has remained strong.Read more

Madinet Masr and Waheej Real Estate have launched Citydom, a 50/50 jointly owned real estate venture. The new entity intends to acquire land in Al-Janadriyah for developing an integrated residential project. The collaboration brings together Madinet Masr's extensive experience in urban housing development and Waheej's background in residential and mixed-use projects. Citydom is positioned to combine the expertise and resources of both companies to deliver modern living spaces while capitalizing on growth opportunities in the region's real estate market.Read more

BrandEye is preparing to bring its remaining Swedish operations under one roof by moving activities from Malmo and Halmstad into a 1,200 sqm facility owned by Wihlborgs in Hamncity, Helsingborg. The company already operates a production unit in the city and plans to relocate all other functions to support its expansion. The ten-year lease strengthens its long-term operational planning. Wihlborgs highlighted the area's strong logistics environment and future development potential, including access to major highways, the existing port and planned port upgrades.Read more

Alramz Real Estate has received firm cornerstone commitments from Bin Jarallah Construction, AWJ Holding and Abdullah Abunayyan Holding for its upcoming IPO on the Saudi Exchange. The three institutions will collectively subscribe to around 2.7%, 2.5% and 1.1% of the company's post-offering capital. The IPO will comprise 12.86 million new shares, equal to 30% of the enlarged capital. Alramz has already secured regulatory approval for the offering, and the subscription window is scheduled for early December. The company's prospectus also outlines its expansion plans, financial details and governance framework.Read more

Gotham City Research and General Industrial Partners recently revealed that they have taken a short position in Iron Mountain, questioning the REIT's growing investments in data centres. They stated that the company's level of leverage does not align with its long-term spending capacity. Iron Mountain did not issue a comment when approached. Following the announcement, the REIT's share price fell by around 5% by mid-afternoon GMT. Gotham City Research and GIP have previously carried out high-profile investigations into firms such as SES Imagotag, now known as Vusion Group, and the Spanish healthcare company Grifols.Read more

Joy City Property confirmed mid-week that Chengdu Chenyue has acquired land use rights valued at RMB2.65 billion. The company disclosed the transaction as part of its regulatory updates, aligning with its recent pattern of reporting land-related movements in key mainland cities. Joy City Property, known for its mixed-use developments under the COFCO group, has been gradually expanding its portfolio across major urban markets. The latest purchase indicates continued interest in strategic land assets in Chengdu, a city that has seen steady activity in commercial and residential land deals over the past year.Read more

Kuwait has invited pre-qualified consortia to submit bids for a new 0.5-GW solar project under its ongoing renewable energy expansion plan. The project, forming part of Al Dibdibah Power and Al Shagaya Renewable Energy Phase III, will operate as a Zone 2 Solar PV Independent Power Project and supply electricity to the Ministry of Electricity under a 30-year agreement. The tender follows Kuwait's recent push to accelerate large-scale power developments after rising demand and recurring power shortages. Several major global energy developers have been cleared to participate, reflecting strong interest in Kuwait's PPP-led infrastructure programme.Read more

Abu Dhabi's IHC is preparing to exit minority investments worth USD 20-25 billion over the next 18 months, focusing on non-strategic holdings. The company has been actively restructuring its portfolio, including merging companies into 2PointZero Group, selling Multiply Group's district cooling business, and divesting stakes in Modon Holding. At the same time, it retains confidence in majority investments like Aldar Properties. Strong financial performance, with a 35% revenue increase in Q3, supports the company's plan to deploy USD 30-35 billion in new investments, including an advanced-stage energy project in Chad.Read more

Crest Nicholson has reduced its adjusted pre-tax profit guidance for the year that ended recently, placing expectations near the lower end of its earlier range due to weaker sales and slower home completions in a cooling UK housing market. The company completed 1,691 homes, just meeting the lower limit of its 1,700-1,900 target, and saw a drop in weekly open-market sales toward the end of the financial year. As part of its turnaround efforts, the company is reshaping its land bank, selling land parcels, and cutting about 50 jobs under its ongoing restructuring plan.Read more

Winfair Investment expects a half-year loss of HKD 22-28 million, primarily due to a 31% increase in fair value losses on its investment properties. The company highlighted that these losses are largely accounting adjustments reflecting market fluctuations, not cash outflows. While rental income and operations remain steady, the fair value reductions have significantly influenced the projected results. This trend follows past periods where property revaluations affected financial statements, highlighting ongoing challenges in maintaining property valuations amid changing market conditions.Read more