International
Skanska Tapped to Build London Mixed-Use Project
The development is set to include retail, commercial offices, residential, leisure and entertainment spaces.
Hines Acquires 650 KSF Berlin Office Campus
The buyer acted on behalf of a Korean real estate fund managed by Vestas. The three-building Allianz Campus is slated for completion by the end of 2018.
Gramercy Closes $1.1B Sale of Euro-Portfolio
The transaction includes 35 assets totaling 11.6 million square feet, fully occupied. The properties are primarily in Germany and the Netherlands, with smaller footprints in France, Poland and the U.K.
Equinix Invests $42M in SY4 Data Center Expansion
Phase two of the International Business Exchange data center will feature 1,500 additional cabinets, bringing the facility’s total capacity to 3,000. Delivery is scheduled for year-end 2017.
Lifescapes Completes Design for $1.1B Resort in South Korea
Paradise Group and Sega Sammy Holdings are developing the 83-acre project, which will include a luxury hotel, a casino, a convention center, an art gallery, retail and restaurants.
Curio Collection Opens First Hotel in Rome
The 88-key Aleph Rome Hotel is the first property in Rome and the second in Italy to join the brand.
Axel Springer Sells Berlin Assets for $865M
A Norwegian sovereign wealth fund is the new owner of the German publisher’s future headquarters, while a Blackstone joint venture acquired the company’s current home.
Choice Hotels Picks New CEO
The lodging company’s selection of Patrick Pacious, president & COO, for the position marks the conclusion of a long-term succession planning undertaking.
CBRE Acquires Retail Asset Consultancy
Based in Paris, Convergences-CVL provides a range of retail property services including strategic planning, transaction execution and property management.
Ivanhoé Cambridge Buys Evergreen for $1B
The transaction, which concludes a two-year search for the right industrial real estate company, expands the Canadian firm’s portfolio by 16 million square feet in U.S. assets.