International
INTERNATIONAL: IHG, Hilton Worldwide Expand Operations in UAE
InterContinental Hotels Group and Hilton Worldwide will both be expanding their portfolios, with IHG signing two new management contracts for facilities in Abu Dhabi, while Hilton has officially opened a new Dubai hotel.
Avison Young Buys Montreal-Based Firm Roy et Tremblay
The fast growing Toronto-based commercial real estate services firm Avison Young continues its expansion, this time closer to home, with the acquisition of Montreal-based project management firm Roy et Tremblay Inc.
Romania’s Second Largest City Welcomes First Green Luxury Residential Development
Cluj-Napoca, the second most populous city in Romania, is about to get its first green residential project: the 91-unit Riviera Luxury Residence condominium tower.
INTERNATIONAL: Hilton Worldwide to Open Middle East’s Largest Beach Resort in Qatar
Hilton Worldwide has partnered with Al-Rayyan Hospitality for the development of a 362-key resort at Salwa Beach in southwest Qatar.
INTERNATIONAL: DAMAC Tops Out $300M Luxury Residential Tower in Beirut
Leading Middle Eastern luxury developer DAMAC Properties has topped off a $300 million iconic residential tower in Beirut’s Solidere area.
NAREE Special Report: Hines’ Johnson Outlines New Development Preferences
Expect some changes as the commercial real estate development market heats up, Hines vice chairman C. Hastings Johnson told the audience at the NAREE conference in Houston.
MIPIM Special Series – Part Three: The Emergence of Short-Term Retail Leases
The last in a three-part series of reports on worldwide real estate based on presentations at the MIPIM world property market in March.
INTERNATIONAL: Union Investment Acquires Landmark Weser Tower in Germany
Union Investment has bought the landmark Weser Tower in Bremen, Germany, in a deal that is deemed one of the most significant real estate transactions seen in the city.
PREI, AP3 JV Acquires $360M Worth of German Retail Assets
A new joint venture between Prudential Real Estate Investors and the Third Swedish National Pension Fund, AP3, will invest in retail properties throughout Germany.
INTERNATIONAL: CPPIB, Hermes Forward-Purchase London’s South Bank Tower
Canada Pension Plan Investment Board and Hermes Real Estate have agreed to acquire part of London’s mixed-use South Bank Tower from a JV comprising Jadwa Investment and developer CIT Group.