International
$2B Urban Rejuvenation Project in London Under Development
The construction of One The Elephant, a 284-unit multibillion-dollar residential development designed by Squire and Partners, has finally kicked off in London.
Godrej to Develop 2 Residential Projects in India
The real estate arm of the Godrej Group, Godrej Properties Ltd., of Mumbai, has entered into two new development agreements: to develop a 13.8-acre property in Gurgaon, and to increase the size of its project in Panvel.
Manulife Launches SOM-Designed Office Project in Downtown Calgary
Manulife Real Estate is developing 707 Fifth St., an elliptical 27-story office tower slated to rise in the heart of downtown Calgary.
Hines to Develop 54-Story M-U Project in Shanghai
Hines has won the bid for a site in Shanghai’s Jing An business district, to develop a 54-story mixed-use project on a 193,034-square-foot parcel.
Brookfield Multiplex Nabs Green M-F Contract in Melbourne
Leading global contractor Brookfield Multiplex has taken yet another tasty bite out of the Australian real estate development market, snagging the construction contract for Phase III of Far East Consortium’s Upper West Side mixed-use project.
Chinese Developer Breaks Ground on World’s Tallest Building, Despite Skepticism Surrounding Project
One of the more puzzling high-profile development projects in recent years is reportedly still on track after China Broad Group held a groundbreaking event for its world’s tallest building plan.
Hyatt to Partner with Playa Hotels & Resorts, Add All-Inclusive Resorts to Portfolio
A wholly owned Hyatt subsidiary intends to form a partnership agreement with Playa Hotels & Resorts B.V. and enter the all-inclusive resort segment.
Cerberus Grabs 2 Retail Property Portfolios in Germany
Affiliates of Cerberus Capital Management L.P. have entered into definitive agreements to purchase two German retail property portfolios out of receivership.
TUI in Next Phase to Build Resort in Tuscan Village
TUI is moving ahead in its plans to revitalize Castelfafli, a sizable 800-year-old village in the heart of Tuscany, lying between Florence, Pisa and Siena, and the largest project of its kind currently being built in Europe.
Brookfield’s Canadian REIT Grabs Bay Adelaide Centre East in Downtown Toronto
Brookfield Canada Office Properties announced plans to buy Bay Adelaide Centre East office tower in downtown Toronto from its parent company, Brookfield Office Properties.