International
JW Marriott Hanoi Expands in Southeast Asia as Luxury-Brand Hotel
Marriott International is continuing its rapid growth with the recent opening of the JW Marriott Hotel Hanoi, a brand new location for the luxury brand that has in the past year made a point of expanding into Southeast Asia.
Xinyuan Grabs 4 Land Parcels in China
Xinyuan Real Estate Co. has acquired four land parcels in China via auction and intends to primarily develop apartments.
Canada Sells Diplomatic Building in London to Indian Developer for $500M
The Canadian government has sold the iconic Macdonald House in central London to Lodha Group, one of India’s largest real estate developers, for $500M.
DIC Group Sells Office Tower in Frankfurt Financial District for $211M
Leading German commercial real estate investor DIC has sold the MainTor Porta office tower to Union Investment Real Estate GMBH for approximately $211 million.
W. P. Carey to Develop Build-to-Suit Office Facility in Germany for $65M
By Barbra Murray, Contributing Editor W.P. Carey has expanded its presence in Europe for the second time in a month. The REIT just announced a build-to-suit contract for a new office property to be occupied by Banco Santander S.A. in Monchengladbach, Germany. The Class A building will cost $65 million to develop and, upon completion, will be occupied by the international bank under a long-term leaseback agreement. “As a 20-year net lease to one of the world’s leading banks for one of their core German assets, the investment is consistent with our strategy of growing our global portfolio with quality…
WTGoodman JV Buys Warehouse Portfolio in Brazil for $1.4B
WTorre SA and the Goodman Group created a joint venture that would focus on the industrial real estate market, buying a massive warehouse portfolio for $1.4 billion.
RKF Expands into Canada
RKF, which specializes in retail leasing, investment sales and consulting services, is crossing the border to open its first office in Canada and has named Canadian retail services veteran Steven Alikakos to run the operation in Toronto.
Invel to Buy Stake in NBG Pangaea in Greece for $888M
Invel Real Estate Partners is set to acquire a 66 percent stake in NBG Pangaea Real Estate Investment Co. from the National Bank of Greece, making it the largest real estate transaction in the country.
Al Futtaim Group to Open 2 MSF Cairo City Mall
Al Futtaim’s real estate development and operations division is set to develop Cairo Festival City Mall, Egypt’s first-ever indoor-outdoor shopping center.
Stadium Project Unveiled for 2022 FIFA World Cup in Qatar
The Qatar 2022 Supreme Committee unveiled the design of the new stadium provided by Zaha Hadid that will be constructed in Al Wakrah, one of the Host Cities of the 2022 FIFA World Cup.
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