International
Hilton Names New Global Luxury & Lifestyle Head
Martin Rinck, formerly executive vice president and area president, Asia Pacific, with Hilton, comes to the position with 30 years of experience in the hotel industry.
AccorHotels to Buy Mövenpick Hotels for $560M
The acquisition will enhance the Paris-based global hospitality company’s presence in Europe, as well as its footprint in emerging markets of the Middle East, Africa and Asia-Pacific.
Valuations, Geopolitics Disrupt Generally Positive Investment Mood
Simon Rubinsohn, chief economist with RICS, reflects on the current global real estate landscape in the first quarter of 2018 in his most recent quarterly podcast discussion with Alexandra Pacurar.
Madison International Secures Stake in Central Europe’s Tallest Office Tower
The company acquired a 50 percent interest in the iconic Warsaw Spire Tower from Ghelamco for $423 million.
Australia Approves Solar Park for Bitcoin Mining
Located some 130 miles south of Perth, in Western Australia’s Shire of Collies, the 20-megawatt facility should come online within the next six months.
Skanska to Build Industrial Facility in Poland
The Sweden-based construction company is set to break ground on a new property for Johnson Matthey this summer and expects to deliver it in the second half of 2018.
Grand Hyatt Opens in China’s Shaanxi Province
The 396-key property is part of the Maike Business Center and is situated in Xi’an New Central Business District, within the High-Tech Industries Development Zone.
Investcorp Enters German Market
The firm purchased Bürocampus Wangen, a 500,000-square-foot mixed-use office campus in Stuttgart, Germany, in a joint venture with Continuum Capital Investment Management GmbH.
Hines, Oaktree Acquire Canada Office Tower
The partners are set to invest significant capital into the 708,000-square-foot First Tower in Calgary to bring it up to a Class A standard.
Hines Appoints New Managing Director, Head of India Platform
Amit Diwan will be responsible for managing the expansion of the business by raising and deploying international and domestic capital into both commercial and residential developments.