International
Enel Green Power’s 1st Zambia PV Project Begins Operation
The 34-megawatt solar facility, located in southern Zambia, will sell its energy to the country’s state-owned utility ZESCO through a 25-year PPA.
IKEA Greenwich Scores Outstanding BREEAM Rating
The retail asset is the 22nd full-sized IKEA store to open in the U.K. and was designed and built to reach this rating.
IHG Brings Holiday Inn Brand to New Zealand
The flagship Holiday Inn Queenstown Remarkables Park is scheduled to open in 2021 and will feature an all-day dining and bar venue, meeting facilities and a fitness center.
Why Inflation Is the Main Risk for CRE
RICS Chief Economist Simon Rubinsohn discusses the diverse landscape of global commercial real estate markets and highlights the risks that will impact the business going forward in a podcast hosted by Senior Editor Alexandra Pacurar.
Chrysaor Buying ConocoPhillips North Sea Assets for $2.7B
The mega transaction will make the private equity-backed U.K. oil company one of the basin’s largest producers.
Investors Still Cautious After Brexit Delay
Commercial real estate executives say capital is still flowing into London and the U.K., particularly for those making long-term plays, but the recent decision to postpone Brexit is keeping some on the sidelines for now.
Apple Exceeds Green Goals by Enrolling Suppliers
In 2018, the partnerships with its suppliers generated clean energy that roughly equaled the electricity needed to power more than 600,000 homes in the U. S.
StorageVault Buys 38-Asset Portfolio for $206M
After purchasing the properties from Wilmington Capital Management, the active investor now owns or operates 199 storage locations across Canada.
Industrial CRE Yield Compression Continues Globally
In a new study of 63 markets around the world, CBRE finds that 47 of them experienced a year-over-year decline in logistics real estate yields in 2018.
Amazon to Purchase Clean Energy From 3 New Wind Farms
The facilities, underway in Europe and the U.S., have a combined capacity of 229 megawatts and are set to power AWS’ global infrastructure.