Lovell, a UK-based construction company, has signed a development agreement with Welwyn Hatfield Borough Council (WHBC) to deliver a £45m regeneration programme in the heart of South Hatfield in Hertfordshire.
Philippines-based integrated urban townships developer Megaworld Corporation will begin construction of a new and modern central business district, The Upper East, in the city of Bacolod in 2018.
Property development firm Linkcity has secured planning approval for its third phase of development at the Hallsville Quarter in Canning Town, London.
Walmart Canada is set to construct a new fulfillment centre in Surrey, British Columbia that will entail an investment of $175m.
Dubai Holding and Emaar Properties have unveiled Dubai Square, a tech-driven retail destination in Dubai Creek Harbour.
Construction of the £160m outlet of European designer retail outlet owner McArthurGlen in Cannock, UK, will begin in July 2018 with site preparation and earth works.
Balfour Beatty has been selected by NP International (NPI) to build the 1.3 million ft², mixed-use Gables Station development in Coral Gables, Florida, US.
Emaar Properties will construct the Middle East’s largest Chinatown in the retail district of Dubai Creek Harbour to honour Chinese expatriates and strengthen UAE-China relations, coinciding with the visit of Chinese President Xi Jinping to the UAE.Dubai Creek Harbour, a 6km² mega-development, is located only 10 minutes from the Dubai International Airport and the Burj Khalifa.The retail precinct will be established in a central location in Dubai Creek Harbour, which will be home to the Dubai Creek Tower.Set by the Dubai Creek waterway, homes in Dubai Creek Harbour will offer spectacular views of the city’s skyline, the waterfront and the Ras Al Khor Wildlife Sanctuary.Emaar will also open three pavilions in Beijing, Shanghai and Guangzhou in China to promote tourism, education, trading and investment between the UAE and China. All three cities are served by direct daily flights to Dubai on Emirates Airline.In another announcement, Emaar said that it will expand its premium luxury hotel and serviced residences brand, Address Hotels + Resorts, to China.The company said it is holding discussions to develop and operate Address branded hotels in key cities in China.Emaar Properties chairman Mohamed Alabbar said: “The visit of Chinese President Xi Jinping to the UAE is historic and will further strengthen UAE-China relations, underpinned by initiatives such as the UAE-China Week announced by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai.“The development of the new Chinese retail and lifestyle district at Dubai Creek Harbour – as well as Emaar’s expansion into China, both in property and hospitality – highlight our commitment to the country, and our focus on contributing to the strength and success of UAE-China relations.”Emaar marked the Chinese New Year with a dragon-themed light and sound show on Burj Khalifa in Downtown Dubai, and hosted festivities at The Dubai Mall.___________________________________________________________________________________________Image: Chinatown at Dubai Creek Harbour. Photo: courtesy of Emaar Properties PJSC.
Private credit and special opportunities alternative investment manager Atalaya Capital Management has closed a $250m senior construction loan and a $65m preferred equity investment for Flag Luxury Group’s construction and development of The Ritz-Carlton’s new flagship hotel in New York City.
Viking Partners Fund III, a private equity real estate investment firm, has announced a $100m redevelopment of Hurstbourne Business Park in the City of Hurstbourne (Louisville), Kentucky, US.
Holliday Fenoglio Fowler (HFF) has secured $324m in construction financing and joint venture equity on behalf of Boylston Properties, The Wilder Companies and Jonathan Bush for the development of Arsenal Yards, a six-building, mixed-use redevelopment of the former Arsenal Mall in Watertown, Massachusetts, US.
US-based gaming and entertainment company Caesars Entertainment has broken ground on Caesars Forum, a $375m, 550,000ft² conference centre in Las Vegas, Nevada.
Massachusetts Mutual Life Insurance (MassMutual) has unveiled architectural renderings of 10 Fan Pier Boulevard, a 17-storey commercial tower located at Fan Pier on Boston’s Waterfront, which will serve as the company’s new Boston campus.
Vinci Construction UK has been appointed by intu, which owns shopping centres in the UK and three shopping centres in Spain, to deliver a £75m transformation of intu Trafford Centre’s Barton Square.
Metro 1, a US-based real estate brokerage, management and development firm, is seeking joint venture hospitality partners to co-develop a mixed-use hospitality, office, retail and/or residential project in Florida, US.
The City of London Corporation has decided to grant planning permission to Lai Sun Development for the construction of a skyscraper at 100 Leadenhall in the City of London.
JPI, a US-based developer, builder and investment manager of Class A multifamily assets, has broken ground on Jefferson at The Gate, a 425-home luxury multifamily community within Frisco’s The Gate development on the northwest corner of the Dallas North Tollway and John Hickman Parkway.
Swedish company Skanska has signed a $189m contract with Duke University Health System for the construction of a patient bed tower addition at Duke University Healthcare’s main campus in Durham, North Carolina, US.
British property development company Delancey’s revised application for the Elephant and Castle shopping centre has received approval from the planning committee of Southwark Council, subject to the completion of a Section 106 agreement.
Swedish construction company Skanska has signed a $74m additional contract with OM-SE for Fifth + Broadway, a mixed-use development in Nashville, US.