Azizi Developments, a UAE-based real estate developer, has announced that construction work is progressing well at its AED12bn ($3.26bn) waterfront project Azizi Riviera in Dubai's Meydan One district.
Foster + Partners, a London-based architecture and integrated design specialist, has announced the start of construction on ‘The One’, a mixed-use skyscraper in Toronto, Canada.
Real estate developer Penn-Florida Companies has secured $398m in project financing for its five-star urban resort, Via Mizner, located in Downtown Boca Raton in Florida, US.
Grosvenor Britain & Ireland, a diversified property group, has unveiled its £500m masterplan for a build-to-rent development in London.
Construction contractor Multiplex has been awarded a contract by OSK Property to deliver Stage One of its AUD2.8bn ($2.19bn) Melbourne Square mixed-use development.
Infrastructure group Balfour Beatty has been awarded a $260m contract to build the River Landing Shops and Residences project in Miami, US.
Transport for London (TfL) has selected BLLQ, a consortium formed by Barratt Developments and London & Quadrant, to develop a 1.8-acre former car park opposite Blackhorse Road station in northeast London.
Keepmoat Homes has secured permission from Ebbsfleet Development Corporation (EDC) to build 598 new homes in Northfleet on the banks of the River Thames in Kent, UK.
A team of Mott MacDonald and Grimshaw Architects has been selected by the Port Authority of New York & New Jersey to lead the preliminary engineering and development work for a $10bn extension of New York’s John F Kennedy Airport.
Commercial real estate firm Bedrock has unveiled plans for four transformational developments, adding 3.2 million sq ft and more than 2,000 parking spaces for vehicles to Downtown Detroit, US.
Ithra Dubai, the real estate firm owned by Investment Corporation of Dubai (ICD), has broken ground its mixed-use development project One Za’abeel in Dubai.
UK-based housing development firm Lovell has been appointed as the developer by Welwyn Hatfield Borough Council to regenerate the centre of High View in Hertfordshire, UK.
Holliday Fenoglio Fowler (HFF) has arranged $121.6m financing for the redevelopment of The Star, a mixed-use residential, retail and storage property located in downtown Houston, Texas.
HQ Developments, a joint venture (JV) between BAM Ireland and the Clarendon Group, has unveiled plans build a new urban quarter on a six-acre site at Horgan’s Quay in Cork in Ireland.
Real estate developer Seven Tides has started construction on SE7EN Residences The Palm, a new residential development on the trunk of Palm Jumeirah.
Consulting engineer Ramboll has been awarded a contract by the UAE-based real estate developer Imkan, to serve as the lead consultant for “Makers District” development in Abu Dhabi, UAE.
Property developer British Land has obtained planning consent for a £300m extension for its Meadowhall project in Sheffield, UK that will transform the centre’s leisure offering for its 24 million annual visitors.
The Goodyear Tire & Rubber Company has unveiled plans to build a new tyre factory in Luxembourg to meet the demand for premium tyres.
Bournemouth Development Company, a partnership between Bournemouth Council and Morgan Sindall Investments, has submitted a planning application for a £150m mixed-use project in Dorset, UK.
The general economic outlook for the Eastern Europe region is improving, with growth momentum building. In terms of construction output, many countries in the region posted strong growth figures over the first five months of 2017, following sharp declines over 2016. These markets rely heavily on funds from the European Union (EU) to finance ongoing major infrastructure and other public projects. In 2016, such funds stalled, and many projects in the region were put on hold. Indeed, there was a halt in investment spending across much of Europe, as the 2014-2020 funding period was delayed significantly, and, generally, the release of funds was delayed until early 2017. The stoppage in public funds had a much wider impact; private construction projects were also delayed, and it weighed on the broader economy over the year.