International

By Ioana Neamt, Associate Editor Munich, Germany—New York City-based W. P. Carey recently announced that CPA:18 – Global will fund the development of a new lifestyle hotel in the heart of Munich. CPA:18 – Global, the 17th in a series of programs sponsored by W. P. Carey, will provide approximately $85 million to complete the construction of the hotel. The new upscale hotel will be located close to Munich’s city center and the Arnulfpark commercial district and will feature 290 rooms. Liran Wizman, co-founder and major shareholder of Grand City Hotels in Germany, is in charge of the development of…

Real estate investment trust FibraShop recently completed the acquisition of a major retail property located in the Mexico City area.

Starwood Hotels & Resorts Worldwide is expanding its presence in Vietnam with the signing of the Sheraton Danang Resort, a new beachfront property located in Danang, the country’s third largest city.

A $22 million investment in the restoration and transformation of the 500-year-old Palácio dos Condes de Lumiares is set to transform the property into a luxury apartment community.

A high-quality office headquarters building in central London changed hands, as announced by Minerva Ltd.

DAMAC Properties, the developer of Dubai’s AKOYA Oxygen, revealed the master-planned luxury living community’s upscale retail strip at the Arabian Travel Market exhibition, a major travel and tourism event held in Dubai. Called Vista Lux, the upscale entertainment and retail district will encompass some 1 million square feet, extending through the center of the neighborhood.

Pan-European real estate investment manager Tristan Capital Partners has entered the Italian market with the acquisition of four shopping centers through its EPISO 3 opportunity fund.

Located on the Southern end of Sweden, the city of Malmö is seeing a large amount of recent activity with a newly announced residential development in its Vårsången neighborhood.

Dalian Wanda Group, one of China’s largest property developers and the world’s largest cinema chain operator has announced plans to invest 162 billion yuan (more than $26 billion) in developments across the Sichuan province.

A new hospitality complex is soon to emerge in Manila, the capital city of the Philippines.