International
Marriott Recapitalizes Aruba Property
The proceeds of the $195 million mortgage on the 414-key resort and casino financed the buy-out of some of the property’s partners.
North Sea Wind Farm Offers New Model
The North Sea Wind Power Hub, a man-made island in the North Sea, could be a breakthrough for renewable power. The planned distribution hub will send electricity via long-distance cables to six European countries.
Sterling and Wilson Begins Work on 54MW Solar Project in Zambia
The solar plant, slated to spread across more than 128 acres, will be the country’s largest once finalized. French company Neoen is the project’s developer.
Skanska Sells Hotel Development for $53M
The transfer of the 229-key, 18-story asset to Balder will take place upon completion of the project, scheduled for the first quarter of 2021.
765-Foot-Tall Skyscraper to Be Erected in Hamburg
SIGNA will erect Elbtower based on the design of David Chipperfield Architects. The building is expected to become part of a new urban hub.
IHG Opens Saudi Arabia Crowne Plaza
The 326-key hotel and convention center is IHG’s seventh property in Riyadh, and it features nearly 130,000 square feet of conference and meeting space.
Why Investors Impacted by Brexit Should Consider Cyprus
Natasa Pilides, director general of the Cyprus Investment Promotion Agency, spoke to Commercial Property Executive about the organization’s continued efforts to attract investors looking to remain in the E.U. single market.
Gafcon to Master Plan $12B Shanghai Community
Developers chose the company’s schematics for the 10.8 million-square-foot, mixed-use residential community, which will sprout up along the Huangpu River.
Hines Taps New Management for Munich Asset
Mira Shopping Centre encompasses more than 250,000 square feet of retail and nearly 11,000 square feet of medical and office space.
ENGIE, GE Team Up for Brazil Wind Project
The deal marks the firms’ second collaboration in the Umburanas/Sento Sé region, where ENGIE is the largest private producer of power.