AGP Executive Report
Last update: 5 hours agoData-Centre Investment: Goodman Group and Digital Realty are seeking up to a 9.9% stake in Australia’s NextDC, underscoring investor interest in data centres as power and infrastructure constraints tighten. Dubai Development: Ssangyong E&C and Wasl Group signed a deal to pursue projects worth US$2.5 billion over three years, spanning homes, hotels and mixed-use sites. Affordable Housing: California voters approved an US$11.25 billion bond for housing programs, adding major public funding as affordability pressures mount. Market Outlook: Toronto’s distressed property market may not bottom until 2028, while Dubai developer Emaar has offered to buy out its construction arm at a US$16.3 billion valuation. Mortgage Pressure: Australia’s central bank delivered its fifth rate hike of the year, raising pressure on borrowers and adding to concerns over rents and housing supply.
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