Dutch architectural firm MVRDV won a competition to refurbish the Serp & Molot factory in Moscow, Russia.
The project is expected to be completed in 2021 and is estimated to cost about RUB180bn ($5bn).
MVRDV said the 58ha steel factory, which was constructed in 1884, fell into disrepair due to unused and overgrown plants.
The architectural firm designed an urban concept to create space for a 1.8 million m² mixed-use development.
Egypt-based real estate developer Talaat Moustafa Group (TMG) plans to invest around $2.7bn in the development of an international medical city in Madinaty.
Madinaty city was created as an extension to New Cairo and is designed to provide shelter for 600,000 inhabitants in 120,000 housing units.
TMG’s subsidiary, Arab Company for Projects and Urban Development, also signed a deal with a group of doctors, scientists and international management experts to manage the project, named Cairo’s International Medical City.
TMG, which is currently preparing engineering drawings for Madinaty, finalised an area of 40 acres for the construction.
UK-based engineering firm Arup created a master plan for the renovation of Barranquilla city in Colombia.
The master plan addresses issues like flooding, as the Barranquilla city centre lacks a cohesive stormwater management system and light precipitation leads to flooding across the city streets.
Arup also aims to address issues like improving green spaces, congestion and the lack of parking, pedestrian and cycling spaces.
The Western Australia Government named a consortium led by Brookfield Financial and John Laing as the preferred bidder for the contract to design, construct, finance and maintain the new Perth stadium at Burswood.
The WESTADIUM consortium was one of three shortlisted private sector parties to submit bids that met the technical, operational and commercial requirements of the state’s request for proposals.
The contract is anticipated to be awarded in the middle of this year after which the successful design will be revealed.
The Croydon Council Urban Regeneration Vehicle (CCURV), a partnership between Croydon Council and John Laing, secured approval for the redevelopment of Taberner House in London, UK.
Architectural firm Make designed the mixed-tenure residential scheme, which will replace the existing 1960s office block with about 420 new homes in Croydon town centre.
Taberner House, the former headquarters of Croydon Council, is being redeveloped as part of the council’s £450m regeneration plan for the borough.
Japan-based Hitachi and Hitachi Elevator (China) will supply ultra-high-speed elevators to the Guangzhou CTF Finance Centre in China.
Hitachi claims that the elevators will be the world’s fastest with speeds of up to 1,200m a minute.
The elevators will be equipped with drive and control technologies, which will allow them to attain high speeds and also ensure safe elevator operations and a comfortable ride for passengers.
Berkeley Homes secured approval from the Greater London Authority to construct two residential towers in Islington.
The City Forum development will feature a 42-storey and a 36-storey tower block on City Road in an area already designated by Islington Council as suitable for locating a cluster of tall buildings.
Mayor of London Boris Johnson assessed the scheme in December 2013, after it was rejected by Islington Council.
Abu Dhabi-based Aldar Properties unveiled plans for the development of three new residential projects worth about AED5bn ($1.36bn).
The three developments are Al Hadeel, Ansam and Nareel Island, which will be developed in Abu Dhabi’s prime areas, including investment zones where property can be purchased by non-UAE nationals.
The off-plan sales for the three new developments began in May and construction will commence in 2015.
Phase one of the Ansam project will include 540 golf fairway apartment units near the Yas Links golf course on Yas Island, which features Yas Marina Formula One circuit, Yas Water World, Ferrari World theme park, the upcoming Yas Mall, hotel Yas Viceroy, Yas Beach, and the Du Arena and Du Forum entertainment venues.