International
Blackstone Founder Raises $260M, Breaks Ground on Schwarzman College in Beijing
Blackstone founder Stephen Schwarzman has helped raise $260 million for Schwarzman Scholars, which will be utilized for Schwarzman College at Tsinghua University in Beijing, one of the first academic buildings constructed in China that will target LEED Gold and China Green Building Label certification.
TPG, Ivanhoé Cambridge JV Acquires Point Park Properties
U.S. private equity firm TPG and Ivanhoé Cambridge have teamed up for the purchase of European logistics firm PointPark Properties (P3) from Bahraini investment company Arcapita.
Brookfield Multiplex Completes $137M Green Office Development in Melbourne
Global contractor Brookfield Multiplex just finished building 171 Collins St., the city’s first premium-grade commercial development in 20 years, for $137 million.
Intu, CPPIB JV Acquires 807 KSF Shopping Center in Northern Spain
Intu Properties and the Canada Pension Plan Investment Board have jointly acquired the Parque Principado Shopping Center in Asturias, Northern Spain, for $220 million.
Southwark Council Approves Carlyle Group’s $1B M-U Project in London
Southwark Council’s Strategic Planning Committee approved The Carlyle Group’s plans to replace two facilities located on the south bank of the River Thames – the Sampson House data center and the Ludgate House office building – with 1.4 million square feet of residential and office space.
Lend Lease Breaks Ground on M-F Project in Australia’s Greenest District
The second phase in the Convesso Concavo waterfront luxury residential project in Melbourne has broken ground and is expected to complete in December 2015 or early 2016.
Wyndham Introduces Hawthorn Suites Brand in Dubai
Hawthorn Suites by Wyndham Dubai is now the first hotel to fly the banner of the company’s extended stay brand in the area.
EXPO Real Special Report: City Rejuvenation through Major Sports Events
At the closing of EXPO Real in Munich, during the Planning and Partnerships forum, panelists shed light on the success of cities in the process of redeveloping vast sites while using the driving force of organizing high-profile sports events.
Blackstone Buys European Mall Developer Multi Corp.
Blackstone has completed the takeover of Netherlands-based Multi Corporation, a leading owner, manager and (re)developer of high quality shopping centers across Europe.
Simon, SmartCentres, Calloway Break Ground on 2nd Premium Outlets Center in Canada
Simon Property Group Inc., SmartCentres and Calloway REIT broke ground on 366 KSF Premium Outlets Montreal, the second Premium Outlet Center in Canada.