International
INTERNATIONAL: Safra Shells Out $1B for The Gherkin in London
The Safra Group, an international network of companies led by Brazilian billionaire Joseph Safra has bought 30 St. Mary Axe in London, also known as The Gherkin due to its unusual shape.
INTERNATIONAL: Omniyat Breaks Ground on $680M Luxury Residential Tower in Dubai
Omniyat Group has broken ground on a 25-story residential megaproject in Dubai.
INTERNATIONAL: W. P. Carey Buys 31 Australian Industrial Properties for $138M
W.P. Carey has completed yet another international acquisition, closing a 20-year sale-leaseback deal with Inghams Enterprises Pty. Ltd., for a portfolio of 31 properties in the Australian market.
Killam Buys 152-Unit Rental Property in Ottawa
Killam Properties has acquired the 152-unit Kanata Lakes Apartments II, a newly-constructed luxury rental building in Kanata, Ontario, in the outskirts of Ottawa.
INTERNATIONAL: Hard Rock Hotel Dubai Marina to Open in 2015
Hard Rock International, Abu Dhabi Financial Group and Sheffield are building a Hard Rock Hotel on the first 33 floors of Dubai’s Marina 101 tower.
INTERNATIONAL: Trump to Build Trump International Hotel & Tower in Baku, Azerbaijan
Trump Hotel Collection is set to develop Trump International Hotel & Tower in Azerbaijan. The 33-story luxury resort will be located on Hasan Aliyev St. in the Nasimi District of Baku.
INTERNATIONAL: Brookfield Begins Construction on $88M Senior-Living Community in Sydney
Leading global contractor Brookfield Multiplex has broken ground on an $88 million senior living community in Sydney’s Vaucluse suburb.
INTERNATIONAL: LaSalle Buys King Square Studios Student Housing in Bristol
LaSalle Investment Management has bought King Square Studios, a student accommodation asset in the established university town of Bristol for $54 million.
ULI Special Report: Cities Worldwide Grapple with Affordable Housing Issues
Urban centers globally, such as Hong Kong and London, are also grappling with affordable housing shortages.
INTERNATIONAL: Savills, DTZ to Sell M-F Portfolio in Dublin
A private investor and Ireland’s National Asset Management Agency have appointed international real estate advisor Savills and DTZ Sherry FitzGerald to sell 588 apartments across seven residential developments in Dublin.