International
Brookfield Multiplex to Build $154M Hospital in New South Wales
Global contractor Brookfield Multiplex has received a contract to build the new South East Regional Hospital on a 43-acre site in Bega, New South Wales, for $154 million.
IMMOFINANZ-Owned BUWOG to Buy 18K-Unit Portfolio in Germany for $1B
BUWOG, the subsidiary of IMMOFINANZ Group, one of the largest entities of its kind in Europe, is giving the German multi-family market a boost by acquiring an 18,000-unit portfolio for $1.2 billion.
Prologis Inks 2 Development Lease Deals in Mexico City
Global owner, operator and developer of industrial real estate Prologis Inc. has signed two development lease agreements totaling 406,000 square feet at Prologis Park Tres Rios in Mexico City.
LaSalle Picks Up London Student Housing for $70M
Leading global real estate investment manager LaSalle Investment Management has bought a Victoria Hall student housing property located in Wembley, paying $70 million – a net initial yield of 6.57 percent.
BlackBerry to Sell 19-Building CRE Portfolio in Search of Funds
BlackBerry is set to sell a large chunk of its real estate assets in 2014, as the company has sought the guidance of real estate brokerage CBRE in the hopes of moving out its office space.
Company Giants Bid for Central Park M-U Project in Dublin Worth $420M
A massive mixed-use project, Central Park, is set for expansion as a major real estate deal nears completion in Ireland’s capital.
Colliers Expands in U.K. Retail Sector with Acquisition of London’s Briant Champion Long
Colliers International, the third-largest commercial real estate services company in the world, has expanded its presence in the U.K.’s retail real estate arena with the acquisition of Briant Champion Long.
RioCan, Allied JV to Develop M-U Neighborhood in Downtown Toronto
RioCan REIT, Allied Properties and Diamond Corp. are on board to develop a new walkable neighborhood project called “The Well” composed of residential, retail and office space within seven mixed-use buildings in downtown Toronto.
SEB Sells Singapore Office Asset for $228M; Pays $54M for Tokyo Office Building
SEB Asset Management, the real estate arm of SEB Group, has kicked off 2014 strongly with several notable transactions, especially in the Asia-Pacific commercial real estate market.
CBRE Adds Environmental Firm to European Consulting Group
The acquisition of VALTEQ is the latest in a series of major moves by CBRE in Europe.