International
European Hotel Group Pushes Further into African Market
Hôtel Des Milles Collines in the capital city of Kigali, Rwanda, is under new management.
Dubai Holding and Local Authorities Unveil Plans For New City Featuring World’s Largest Indoor Mall
The largest mall in the world was recently announced in the largest city of the United Arab Emirates, as developers have lined up the first temperature-controlled city in the world.
Mace to Oversee Maintenance at the Admiralty Extension in London
As part of a renovation program by The Cabinet Office department of the Government of the United Kingdom to consolidate and update the Admiralty Extension in London, 193,750 square feet of office space at the government estate also known as the Old Admiralty Building will soon undergo maintenance.
Singapore’s Interlace Apartment Community Wins CTBUH Urban Habitat Award
By Adrian Maties, Associate Editor Singapore—The Council on Tall Buildings and Urban Habitat (CTBUH), a Chicago-based organization, has announced at the end of June the winner of its first ever Urban Habitat Award for The Interlace, a residential development completed in Singapore late last year. The Interlace was developed by CapitaLand Residential, a leading developer in Asia, and Hotel Properties Limited. The designer was by Ole Scheeren, a former partner of the Rotterdam-based Office for Metropolitan Architecture (OMA). The apartment community covers about 1.8 million square feet of land. It features 1,040 two-, three- and four-bedroom units, as well as…
Purchasing Castles
The financial crisis of the previous decade hit the real estate market hard. But a medieval castle is not like an apartment or a house.
Leyou Chain Store and SF Express Lease 441 KSF at Goodman Landport Logistics Estate
Goodman Group has signed leases with two tenants at Landport Logistics Estate. Leyou Chain Store will occupy 247,570 square feet and SF Express signed up for a total of more than 193,750 square feet.
IHG and Hilton Worldwide Expand Operations in the United Arab Emirates
InterContinental Hotels Group and Hilton Worldwide have both announced expansions of their portfolios, with IHG signing two new management contracts for facilities in Abu Dhabi, while Hilton recently held the official opening of a new Dubai hotel.
Mexican Company ICA Increases Presence in the United States with Acquisition of the Facchina Construction Group
Empresas ICA, S.A.B. de C.V., the largest infrastructure and construction company in Mexico, announced the completion of the acquisition of the Facchina Construction Group (“FCG”) in the United States.
London’s West End Office Market Ranks First in CBRE’s Occupancy Costs Study
The title of world’s highest-priced office market is staying in the capital of the United Kingdom, while three of the top five markets are located in Asia, confirming the area’s recent rise to power in terms of office space, the latest CBRE Global Research and Consulting survey shows.
Citi Acquires East Tower at One Bay East for $700 Million in Hong Kong’s Largest Ever Office Purchase
CBRE recently announced its participation in the largest office tower purchase in the Hong Kong office market.