International
IHG to Open Kimpton Frankfurt
Kimpton Hotels & Restaurants is expanding its presence in Europe with Kimpton Frankfurt in Germany. The 155-key hotel is scheduled to open in 2023.
Hyatt Regency to Debut in Budapest
The opening of the 231-key hotel in 2020 will mark the brand’s entry into the Hungarian capital. The property will offer a spa, a restaurant and a 4,000-square-foot ballroom.
Lendlease Tops Off World’s Tallest Timber Office Building
25 King, located at the Brisbane Showgrounds in Australia, is scheduled for completion by the end of 2018, with 43.5 percent of the building preleased to global engineering firm Aurecon.
Cushman & Wakefield Buys Australian Firm
Based in Sydney, Inc RE is a capital markets firm that has closed transactions valued at nearly $2.3 billion in the 18 months since its formation.
W.P. Carey Buys $178M Netherlands Retail Portfolio
The 36 assets total 1.5 million square feet and are triple-net leased to the Dutch DIY company Intergamma B.V. for an average of 15 years.
Largest Residence Inn by Marriott Opens in London
The 319-key hotel will include seven one- and two-bedroom suites with fully-equipped kitchens, separate living, working and sleeping areas. The property is the third largest Residence Inn hotel in the world.
Cushman & Wakefield to Buy Irish Affiliate
The firm already has a 20 percent stake in the commercial property business. The acquisition involves three offices and more than 100 professionals.
Multiplex Completes $154M Australian Hospital
The global contractor is delivering what reportedly is the largest-ever health infrastructure investment in the region, twice the size of the facility it is replacing.
Hines JV Buys Hamburg Office Campus
The sellers of the 500,000-square-foot property will maintain responsibility for finishing development. The 11-story building is set to house Olympus’ main EMEA base.
Strategic Storage Trust II, SmartCentres to Develop Storage Facility
The joint venture purchased a 2.2-acre site to build a 990-unit self-storage facility in East York, a borough in Toronto, Canada.