International
International: DAMAC Launches New Phase at Capital Bay, New Property Management Company
One of the largest luxury real estate developers in the Middle East, DAMAC Properties, is releasing a new phase at its Capital Bay luxury multi-family project in Dubai’s CBD.
JLL, Golf Giant Norman Seek Investors for Australia’s $2B Reef Island Development
Global golfing giant Greg Norman, with the help of JLL, is spearheading a worldwide search for investors to capitalize on a $2 billion tourism project on Great Keppel Island, off central Queensland’s coast.
Avison Young Secures Sizable Investment in Germany
The fast-growing, Toronto-based commercial real estate services firm Avison Young has advised two Canadian pension funds in the acquisition and financing of a mixed-use, two-building complex in Cologne, Germany.
NCC to Build 400-Unit Apartment Complex in Denmark
NCC Construction Denmark has received a $115.3 million construction contract to build an apartment complex in Aarhus, Denmark.
Spear Street Capital ID’ed as Buyer of BlackBerry Portfolio
Spear Street Capital L.L.C., announced yesterday as the buyer of the majority of BlackBerry’s Canadian real estate holdings, brings its substantial experience in taking over corporate offices that have become excess to requirements.
MIPIM Special Series — Part One: Shared Buildings and Spaces
The first in a three-part series of reports on worldwide real estate focused on shared buildings and spaces.
For Studley, $260M Merger with Savills Promises Blooming Global Platform
“We will be uniquely positioned to develop new business from around the globe, while continuing to deliver exceptional service to clients,” Mitchell Steir, Studley’s chairman & CEO, told CPE.
International: Carlson Rezidor Holds Largest Hotel Pipeline in Africa
According to a recent W Hospitality Group report, Carlson Rezidor holds the largest hotel pipeline in Africa.
Hyatt, LATAM JV to Develop 10 Hotels in Central America, Mexico
An affiliate of Hyatt Hotels Corp. has entered into a master development agreement with LATAM Hotel Corp. to develop 10 Hyatt Place hotels in Central America and Mexico, and Hyatt affiliates have entered into franchise agreements with LATAM for the first five hotels.
DDR Sells Brazilian Retail Investment for $344M
DDR Corp. has sold its 50 percent ownership interest in Sonae Sierra Brazil BV Sarl, a Brazilian retail center, to German investor Alexander Otto for $344 million.