Sunday 17 January 2021

Capital Trust, Bascom acquire US property for $100.2m

US-based Bascom Group and UK’s Capital Trust have acquired a two-building headquarters property in the suburban Milwaukee community of Menomonee Falls in the US state of Wisconsin at a cost of $100.2 million. JLL Capital Markets, a full-service global provider of capital so


Emaar sells Address Sky View hotel for $204m

Dubai developer Emaar has sold the Address Sky View hotel for AED750 million ($204 million), said a report.   The sale transaction, which involves the disposal of 100 per cent of the shares of the subsidiary ASV Group Limited, is in line with the developer&rsquo


Tabreed, Miral in district cooling deal for Abu Dhabi theme park

The National Central Cooling Company (Tabreed) has announced the signing of an agreement with Abu Dhabi developer Miral to provide district cooling services to SeaWorld Abu Dhabi, a first-of-its-kind marine life theme park being developed on Yas Island.   With t


Acwa Power secures $125m Apicorp funding for future projects

Apicorp, a leading multilateral development financial institution, said it has signed a $125 million shariah-compliant corporate facility with Acwa Power, a major Saudi developer, investor and operator of power generation and desalinated water plants worldwide, to support its future growth pipe


Kingspan rolls out innovative pre-clad ductwork system

Kingspan Insulation, a global leader in insulation and building envelope solutions, has announced the launch of its innovative pre-clad ductwork system, KDuct, mainly aimed at catering to the external ductwork applications. Ideal for external and outdoor applications, plantrooms,


Aecom announces launch of Saudi schools PPP infrastructure work

Aecom, one of the world’s premier infrastructure consulting firms, has announced the start of Wave 1 of the Schools Infrastructure Development Public Private Partnerships (PPP) in Saudi Arabia.   The project, which will see a roll-out of up to 4,000 school


TRSDC awards airport management contract to Irish group

The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, has named leading Irish group daa International as the operator of The Red Sea Project’s unique and iconic airport.    Under t

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