International
Kennedy Wilson, Kennedy Wilson Europe Merge
The unification creates a real estate investment and asset management platform with an enterprise value of $8 billion. Now, KW boasts a global portfolio exceeding 400 assets spanning a variety of sectors.
Marriott Debuts in Sri Lanka
Weligama Bay Marriott Resort & Spa features 188 keys and 10 suites. Additionally, the hotel offers four meeting rooms and more than 5,000 square feet of meeting space.
IHG Opens 6th Australian Hotel
The 240-key InterContinental Perth City Centre features 16 stories and was designed by Woods Bagot with interiors by Chada. The hotel is located within The King Street Precinct.
Grupo IGS Snags 3 MSF Mexico Industrial Portfolio
The company purchased the 27-property portfolio from Hines, which assumed management of it two years prior. Along with its listing brokers, Hines brought the portfolio from 73 to 90 percent leased.
True North Expands Canada Office Footprint
The REIT paid $106.1 million to acquire five Class A buildings in Victoria, Greater Toronto, Ottawa, Halifax and Cambridge, offering a combined 492,900 square feet of rentable space.
Pop-Up Shops Going Global
The effects of e-commerce on brick-and-mortar are on the rise and players from both sides of the line are increasingly turning to popup space. CPE talked to Patrick Burkert, co-founder & CMO of Go—PopUp, about the niche’s relationship with classic real estate and about the future of the field.
EU Green Building Spendings to Reach $112B by 2026
According to Navigant Research’s new report, Europe will invest a great deal in intelligent digital building technologies to remain successful in reaching efficiency goals. Examining eight commercial building types, the study covers seven product categories.
Microsoft, GE Announce New Wind Farm in Ireland
A 37-megawatt wind farm will be developed in County Kerry, Ireland. The facility will consist of turbines with integrated batteries, marking the first deployment of battery integration into wind turbines to store energy in Europe.
Equinix Acquires Istanbul Facility for $93M
The company acquired three buildings from Zenium, one of which currently serves as a colocation facility that generates annual revenues of $2.5 million.
sbe Debuts 2 Mondrian Hotels
The 270-key Mondrian Doha in Qatar and the 189-key Mondrian Park Avenue in New York City are the fourth and fifth Mondrian hotels globally, after properties in London, Los Angeles and Miami South Beach.