Construction activity in Saudi Arabia remains sluggish, with only a marginal pick-up expected in 2018 following two years of contraction. The recovery will gain momentum in the following years, assuming that oil prices edge up and that political risks in the region do not greatly disrupt investment flows.
The Stage 2 of the Gold Coast light rail line in the Australian state of Queensland has been officially opened to passengers ahead of schedule.
Dubai-based Omniyat has signed an AED500m ($136m) agreement with Ajman Bank for the construction of a mixed-use project at Dubai Water Canal in Business Bay.
Coplan Estates, a UK-based firm specialising in local authority mixed-use schemes, has been appointed as development partner by Woking Borough Council for the Woking Gateway project.
British Land, the joint owner of shopping destination Meadowhall, has completed the £60m refurbishment of the centre.
Construction firm Mace has appointed main contractors for two student housing schemes in Exeter and Cardiff.
McLaren Health Care Corporation has unveiled its plans to build a $450m replacement hospital in south Lansing, Michigan and expand its partnership with Michigan State University (MSU).
Software giant Microsoft has unveiled plans to overhaul its 500-acre campus in Redmond, Washington.
Nexus, which runs the Tyne and Wear Metro Service, has begun work to build a new Metro station, transport interchange and a training centre in South Shields, England.
Legal & General has committed £35m to Wrenbridge Sport and the City of York Council for the development of Vangarde leisure scheme at Vangarde Way in Monks Cross, York.
Italian construction firm Itinera has secured a $620m contract from Al Farwaniya Property Developments for the construction of Reem Mall, a new retail, leisure, dining and entertainment destination, in Abu Dhabi.
Everton Stadium Development, a subsidiary of Everton Football Club, and Peel Land and Property (Ports) signed an agreement under which the club will lease land at Bramley Moore Dock, Liverpool Waters, for the construction of a new stadium.
Sunshine Plaza, a shopping centre on the Sunshine Coast in Queensland, Australia, has submitted an application to the Sunshine Coast Council for setting up a high ropes adventure course as part of the $400m redevelopment currently underway.
Azizi Developments, a real estate developer based in Dubai, has begun construction of Azizi Victoria in the Mohammed Bin Rashid Al Maktoum City – District Seven.
Mayor of London, Sadiq Khan, has approved the construction of One Lansdowne featuring twin towers of 68 and 41 storeys, linked by an 11-storey podium structure in Croydon, South London.
Swindon Borough Council has given the green light to a plan to build a 500,000 sq ft of regional leisure scheme in Swindon, just four months after SevenCapital took the reins of the scheme. Outline planning for the first phase of the £270m development has been recommended for approval by the council’s planning committee.
Property developer British Land will begin construction of 310,000 sq ft office at its Regents Place campus near Euston Station in London in March next year. The company will invest approximately £196m to convert and extend the existing 1990s-built 1 Triton Square in a bid to provide modern offices and improved public facilities. The company will construct three extra floors and extend floor plates into the unusually large atrium of the existing building.
Croydon Council has approved a revised redevelopment proposal for the Whitgift Shopping Centre submitted by the Croydon Partnership, a joint venture of (JV) Westfield and Hammerson. Westfield is investing £700m in the Croydon project.
Castlebrooke Investments, advised by Chapman Taylor, has submitted a new planning proposal to Belfast City Council for a £400m redevelopment project in Belfast.
Bassuk, a real estate capital intermediary, has arranged $103m construction financing from the Bank of China, New York Branch on behalf of an affiliate of The Moinian Group (TMG) for 572 11th Avenue in New York City.