International
Chinese Conglomerate Acquires Part of One Nine Elms Redevelopment Project
A major component of London’s One Nine Elms redevelopment project recently traded hands, with original developer Green Property selling its site to a Chinese conglomerate for a reported $140 million.
Brookfield Multiplex to Develop 366 KSF Office Tower in Perth
Leading global contractor Brookfield Multiplex has been awarded the design and construction contract for Brookfield Place Tower 2 in Perth, Australia, to be developed by its client and sister company Brookfield Office Properties.
Ascott to Manage 150-Unit Somerset Alabang Manila Serviced Residence
The Ascott Ltd., CapitaLand’s wholly-owned serviced residence business unit, has increased its presence in the Philippines by securing a contract to manage a serviced residence in Alabang, a major business district in metro Manila.
$2B Deal to Transform Old London Docks into Innovation Hub
London is getting ready to redevelop London’s Royal Docks, a $2 billion project dubbed Silvertown Quays, which will be the second phase in the redevelopment of the Silvertown area.
$40B Transoceanic Canal Project Resurfaces in Nicaragua
An initiative for the construction of a new canal between the Pacific and the Caribbean is underway after a century of hibernation.
Oxford Properties to Develop Office High-Rise in Downtown Toronto
Oxford Properties Group has unveiled plans to develop the new 40-story Ernst & Young Tower in the heart of downtown Toronto.
World’s Tallest Twisted Tower Unveiled in Dubai
Cayan Investment and Development has inaugurated the world’s tallest twisted building: Cayan Tower. Previously called the Infinity Tower, the 1,017-foot-tall residential tower joins other record-breaking structures in Dubai Marina, such as the world’s tallest hotel – JW Marriott Marquis – and the world’s tallest residential tower – Princess Tower – adding a little “twist” to Dubai’s skyline.
Oil-Fueled Norwegian Fund Buys 2.4 MSF Industrial Portfolio in UK
LondonMetric Property Plc, a real estate investment trust, has recently completed the sale of its stake in a large distribution portfolio to a joint venture between U.S.-based Prologis’ European branch and Norges Bank Investment Management.
Barwa RE Unveils Plans for $5.5B M-U Resort in Qatar
Barwa Real Estate, one of Qatar’s leading real estate management and investment companies, has launched a $5.5 billion residential and resort project slated to rise on an artificial island off the coast of Doha.
Tishman Speyer Acquires 570 KSF Paris Office Building
Global real estate owner, operator and developer Tishman Speyer has acquired Tour Pacific, a 570,000-square-foot office building in Paris from Ivanhoe Cambridge.