International
Xinyuan Buys Land Parcel in Hunan Province for $112M
Xinyuan Real Estate Co., a Beijing-based residential real estate developer, continues gobbling up land in high-growth Chinese cities to build more multi-family housing.
C&W: Global Property Investment Volumes to Hit $1.3T in 2014
The global property investment market delivered $1.2 trillion of transactions in 2013, a 23 percent increase from 2012 and the highest total since 2007, according to Cushman & Wakefield’s latest International Investment Atlas report.
SCA Signs Lease with Hines for 73 KSF of Office Space in Paris
International manufacturer SCA signed a nine-year lease with Hines European Core Fund (HECF) to occupy 73,000 square feet across three floors at the Eurosquare building in the Saint-Ouen business district in Paris.
Starwood’s Big Plans for Sheraton in 2014
Starwood Hotels & Resorts Worldwide expects the next 12 months to reach record growth for its Sheraton Hotels brand, with 35 new hotels expected to open in emerging markets.
Lend Lease Completes Phase I of $270M Mall Project in Australia
Lend Lease has completed Phase I in the redevelopment of Lakeside Joondalup, to become the largest shopping center in Western Australia.
IHG to Develop 2 Additional Hotels in Germany
InterContinental Hotels Group has signed two additional hotels in Germany under two existing multiple development agreements with long-standing partners.
Hyatt’s First Andaz-Branded Resort to Open in Bali
One of Hyatt Hotels Corp.’s affiliates has entered into a management agreement with P.T. Wynncor Bali for the opening of an Andaz resort in Bali.
W. P. Carey Acquires Siemens HQ in Oslo for $90M
W. P. Carey’s non-traded REIT CPA:18 acquired a new 166,000-square-foot office building from developer Oslo Business Park AS for $90 million.
Brookfield Multiplex Develops $160M Residential Project in Melbourne
Brookfield Multiplex has completed the construction of the $161 million The Quays residential project in the NewQuay precinct of the Melbourne Docklands.
Rewe Opens First Passive House-Certified Supermarket in Germany
German retail giant Rewe Group debuted its most ambitious project to date, opening its first Passive House-certified supermarket.