International
Scandic Announces New Stavanger Hotel, Will Operate Seven Facilities in Oil Industry-Driven City
Scandic is expanding its operations in the Nowegian city of Stavanger.
Amazon to Open New 431,000-Sq. Ft. Office in London in 2017
Amazon Inc. recently announced plans to quit its UK base of 16 years in Slough, Berkshire, and move to a brand new office in east London in 2017.
Kempinski Hotel Nay Pyi Taw in Myanmar to Open in November
Europe’s oldest luxury hotel group, Kempinski Hotels, recently announced the opening of its first property in Myanmar (Burma).
Situs Hires Fernando Salazar Lacalle as Head of Spanish Office
Situs, a global provider of commercial real estate (CRE) advisory services and integrated process and technology solutions, announced the appointment of Fernando Salazar Lacalle as managing director and country head of the firm’s new office in Madrid, Spain.
Prologis Adds 2.5 Million Square Feet in Eastern Europe; Joint Venture with Norges Bank Also Adds Assets
Global industrial real estate company Prologis recently considerably expanded its portfolio with a number of acquisitions carried out through its Prologis European Properties Fund II, adding roughly 2.5 million square feet of space in the Czech Republic, Poland and Slovakia.
W.P. Carey Affiliate Completes Sale-Leaseback Deal with Nokia in Poland
In a sale-leaseback deal with Nokia Solutions and Networks, W.P. Carey Inc. has acquired an office/R&D facility in Poland on behalf of one of its managed non-traded REIT affiliates, CPA®:17 – Global (Corporate Property Associates 17 – Global).
Starwood Brings Third W Hotels Facility to Thailand by 2018
W Hotels Worldwide has recently announced to debut W Retreat Phuket – Phang Nga Bay in southern Thailand. The new project will be the brand’s third facility in the country and is scheduled to open in January 2018.
Amstar Pays €63M for Zlota 44 Luxury Residential Tower in Warsaw, Poland
Denver-based Amstar Global Advisers recently announced the purchase of Warsaw’s iconic Zlota 44 residential tower in an off-market transaction.
Aconex Platform Selected for Public Infrastructure Stage at Bayside Waterfront Project in Toronto
Hines, Waterfront Toronto’s development partner on Bayside Waterfront, chose Aconex’s solution for the first phase of public infrastructure for the project.
Starwood Capital Adds Three Office Assets in Poland to Latest Distressed Opportunity Fund
Starwood Capital Group recently completed the acquisition of a prime office portfolio in Poland that will be added to the company’s Starwood Distressed Opportunity Fund IX.