International
International: Places for People, Barratt Homes JV to Create 2,000 New Homes in England
Places for People has entered into a new joint venture with Barratt Homes that will create 2,000 new homes at its Brooklands development in Milton Keynes, England.
International: W.P. Carey Affiliates Pay $158M for Polish Bank HQ
W.P. Carey’s two publicly held non-traded REIT affiliates have jointly purchased the headquarters of Poland’s second largest bank, paying $158 million for the asset.
4 Companies to Develop M-U Building in Tokyo’s Famed Ginza District
J. Front Retailing, Mori Building, L Real Estate and Sumitomo have entered a mutual agreement to jointly operate a retail facility that will be part of the largest mixed-use building in Ginza, Tokyo’s most famous upmarket shopping, dining and entertainment district.
International: Georgia’s Tallest Residential Tower Rises on Black Sea Coast
Developed by locally based Tam Geo, the $80 million mixed-use Babillon Tower is rising in Batumi, a seaside resort city on the Black Sea coast and capital of Adjara, an autonomous republic in the country’s southwest region.
Starwood Hotels & Resorts to Open 17 New Properties in Latin America
Starwood Hotels & Resorts has unveiled plans to open 17 new hotels in Latin America over the next two years.
Gallery: MIPIM 2014
CPE associate editor Adriana Pop shares photos from MIPIM 2014. Be sure to catch up on her written coverage of the event!
MIPIM 2014
CPE offers coverage of the MIPIM 2014 World Conference in Cannes, France: MIPIM Special Report: 2014 Award Winners Announced MIPIM Special Report: 10 Must-Have Innovative Solutions MIPIM Special Report: Office & Historical Buildings to Hotel Conversions Slideshow: MIPIM 2014
CBRE to Sell Upscale Hotel in Midland Ireland
The Heritage Hotel, just an hour outside of Dublin, is being put up for sale by its current owner, and CBRE Hotels will be carrying out the transaction.
Fairmont Hotels & Resorts Opens First Residences in China
Fairmont Hotels & Resorts has opened its first residential project in China. Fairmont Chengdu Residences are part of a mixed-use development scheduled to open in 2015.
First Green Commercial Building in West Africa Tops Out
International consultancy and construction firm Mace and Laurus Development Partners have jointly celebrated the topping out of One Airport Square in Accra, Ghana.