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Prestige group raises Rs 2,001 cr from ADIA, Kotak AIF to build Rs 18k cr worth housing projects

The raised capital, a quasi-debt instrument, will be utilized to capitalize on growth opportunities in the residential sector by developing projects with a gross development value (GDV) of Rs 18,000 crore, spread across four major cities in India.
Abu Dhabi Abuz Aby United Arab Emirates Irfan Razack Venkatk Narayana Abu Dhabi Investment Authority

Cala Group reports 33% drop in profits in 2023

Housebuilder Cala Group (Holdings) Limited has released its full year results revealing a 33.6% drop in profits from £1.69 million in 2022, to £112m. The firm's turnover also dropped by 7.3% falling from £1.35 billion to £1.26bn, while the number of home completions also fell
United Kingdom Kevin Whitaker Gross Development Value Housebuilder Cala Group Holdings Scala Group Housebuilder Cala Group

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Six Senses Residences Dubai Marina Engineered with Integrated Wellness from the Ground Up in What Will Be the World's Tallest Residential Tower

Six Senses, part of the IHG Hotels & Resorts luxury and lifestyle portfolio, and Select Group, a renowned real estate developer headquartered in Dubai, have signed an agreement to launch Six Senses Residences Dubai Marina. This further solidifies the successful partnership that has already launched the award-winning Six Senses Residences The Palm, Dubai, which will also be home to Six Senses Place, the first wellness and social club in the United Arab Emirates.
United Arab Emirates Rahail Aslam Neil Jacobs Gross Development Value Intercontinental Hotels Group Six Senses

Jesselton Twin Towers a step away from Occupation Certificate

THE Jesselton Twin Towers – the tallest landmark on Borneo (pic) comprising two 56-storeys upscale residential blocks and a commercial annex – expects to receive its Occupation Certificate next month (March, 2024) It occupies 197,000 sq m and towers 192.50 metres in Damai, Luyang.
Kota Kinabalu Mount Kinabalu Brunei General East Malaysia Malaysia General Wisma Sanyan

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