International
Brexit Reveals Europe’s Future Financial Hubs
As negotiations for Brexit unfold between the U.K. and the European Union, and many arrangements are still in limbo, several European capitals have emerged as contenders in the race for the next financial centers of the E.U.
EdgeConneX Expands to Argentina
EdgeConneX partnered with multiple Argentinean network providers in order for its upcoming data center to function as a connectivity and peering platform for wholesale customers.
Holiday Inn Opens 6th Hotel in Poland
The 256-key Holiday Inn Warsaw City Centre is located in one of the fastest-growing European tourist destinations. The hotel was designed to cater to both business and leisure travelers.
Skanska To Build New MOB in Karlskrona, Sweden
The $41 million contract comprises the construction of a seven-story high-rise building of more than 129,000 square feet, slated for completion in February 2020.
Hilton Opens First Property in Lake Como Region
The hotel is the largest in the Italian resort area. Featuring 170 keys, the building offers upscale accommodations, including several suites with lake views.
Multiplex Lands $1B Australia Hospital Contract
The Sydney-based contractor will spearhead the construction of the 1 million-square-foot anchor building at Westmead Redevelopment in New South Wales. Upon completion, the 12-story facility will be the tallest hospital building in Australia.
Blackstone to Buy Canada’s Pure Industrial REIT for $3B
Blackstone intends to make this investment through Blackstone Property Partners for its Core+ real estate investment unit. The all-cash transaction is expected to close in the second quarter.
NYC No Longer First Global City in RE Investments
Los Angeles ranked fourth globally, according to results of the 26th annual survey of members of the Association of Foreign Investors in Real Estate conducted in the fourth quarter of 2017.
Skanska Invests $58M in Poland Office Project
Offering 196,979 square feet across 16 stories, construction of Generation Park’s phase two began in December 2017 and is slated for completion in the the third quarter of 2019.
CapitaLand Sells $1.3B Mall Portfolio in China
The Singapore-based real estate company will sell the collection, which totals roughly 8.6 million square feet, to China Vanke Co. The transaction is expected to close later this year.