International
Unibail-Rodamco to Acquire Westfield in $16B Deal
Expected to close in the second quarter of 2018, the transaction would create a global company with a gross market value of $72.2 billion and 104 assets in many of the world’s most attractive retail markets.
Marriott International Opening 40 Luxury Hotels in 2018
The company is set to expand its luxury footprint with another 200 hotels in the development pipeline, set to open across 25 new countries.
Kennedy Wilson Refinances $334M of Irish Properties
Euro-subsidiary completes refinances of seven assets, including office, retail and multifamily properties in the capital city of Dublin. The deal follows this fall’s merger between Kennedy Wilson Holdings and Kennedy Wilson Europe Real Estate.
African Development Bank Grants $324M for Green Power Projects
The funds will be used for two renewable projects, one in Morocco and the other on the Côte d’Ivoire, as part of a more than $2 billion project that will have a cumulative capacity of 800 megawatts.
Curio Collection Opens First Hotel in Australia
The West Hotel Curio Collection by Hilton comprises 182 guestrooms and was designed by Fitzpatrick + Partners, with interiors by Wood Bagot.
EPP Invests $818M in Polish Shopping Center Portfolio
The M1 portfolio encompasses 12 retail assets totaling 4.8 million square feet across 620 stores. The properties are all single level, fully-leased and grocery-anchored.
Germany’s First Rosewood Hotel to Open by 2023
The Rosewood Munich will open in two historic buildings and will offer guests a full-service spa and easy access to public transportation and tourist attractions.
Hong Kong Tops List of Most Expensive Office Locations
Cushman & Wakefield research shows the city has replaced London’s West End as the most expensive to accommodate staff.
Statoil Completes Work on 402MW Offshore Wind Farm in the UK
The facility generates sufficient clean energy to power more than 410,000 U.K. homes and was built in three years.
Chernobyl Goes Solar
A partnership between Rodina Energy Group Ltd. and Enerparc AG is working on a 1-megawatt solar facility, slated for completion by the end of the year.