International
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.
Novotel’s 500th Hotel Opens in Seoul
Located in the heart of the city’s shopping district, the Ambassador Seoul Dongdaemun also marks the brand’s first mixed-use flagship development that offers both hotel and residential space.
W.P. Carey Buys Logistics Portfolio in Denmark for $188M
The firm’s first investment in the country expands its Nordic portfolio to nearly $1 billion in properties, including assets in Finland, Sweden and Norway.
Skanska Sells Helsinki Office Building for $62M
Senate Properties is the new owner of K6, a 129,166-square-foot project going up in Finland’s capital city. The property has an anticipated move-in date of late 2019.
Digital Realty Opens 3rd Toronto Data Center
The facility is designed to meet growing demand for IT solutions in the region. It will feature 23 computer rooms between 8,600 and 13,000 square feet, with 2N resiliency.
Skanska Invests $41M in Poland Office Campus Expansion
The High5ive complex will be the largest office development in the city of Krakow, totaling around 753,000 leasable square feet across five buildings.
Hilton Berlin Changes Hands
This year, Park Hotels & Resorts has sold more than $500 million worth of hotels as part of its plan to recycle capital out of non-core assets and reduce its presence in international markets.
Hilton Divestment Vindicates Blackstone’s Patience
Analysts outline how the company followed up on the unification of Hilton’s domestic and international sides, and why the investor’s moves have paid off so well.
Hilton Launches New Embassy Suites in Montreal
Easton’s Group of Hotels is the owner and manager of the new 162-key Embassy Suites by Hilton Montreal Airport. The hotel provides studio and two-room suites.