International
New Joint Venture Between PREI and AP3 Acquires $360 Million Worth of German Retail Assets
A new joint venture was recently set up between Prudential Real Estate Investors and the Third Swedish National Pension Fund, AP3, with the object of the partnership being the investment in retail properties throughout Germany.
Tokyo Office Building Sold for $172M
Union Investment Real Estate GmbH has announced the $172 million (€127 million) acquisition of a fully leased commercial building in Tokyo.
International Campus AG and Stichting DUWO Develop Student Housing and Studios in the Netherlands
In its first international venture, International Campus AG has partnered with Stichting DUWO for the financing and development of student housing and studios targeting young professionals in the Netherlands.
Prologis Signs Build-to-Suite Agreements in China and Mexico
Prologis Inc. recently announced the signing of two build-to-suite agreements, one in China and one in Mexico.
K-Twin Towers in Seoul’s CBD Acquired by New Joint Venture
Global investment firm KKR and LIM Advisors have recently announced the joint acquisition of K Twin Towers, a highly rated commercial asset located in the core of Seoul, the capital of South Korea.
365-Key Manila Gaming Resort Hotel to Be Managed By Hyatt
Integrated casino resort developer Melco Crown (Philippines) Resorts Corporation, a subsidiary of Melco Crown Entertainment Limited and Hyatt Hotels Corporation, through an affiliate, have entered into a management agreement for Hyatt City of Dreams Manila, a two-tower, 365-key hotel set to open in 2014.
Muse Developments Breaks Ground on $385 Million Mixed-Use Project in London
Lewisham Gateway Developments Ltd, a wholly owned subsidiary of Muse Developments, recently broke ground on one of the largest regeneration projects in south east London, Lewisham Gateway.
Accor’s HotelInvest Acquires Two Hotel Portfolios For $1.22 Billion
Accor’s HotelInvest business is adding two real estate portfolios, having agreements to purchase a total of 97 hotels for a combined fee of around $1.22 billion.
$158M Luxury Condos in Brisbane Selling at Fast Pace
Newstead Towers, the 314-unit condo project set to break ground in 2014’s fourth quarter in Brisbane’s inner-city has reached the AUD 100 million (USD 93 million) sales mark within four weeks of its launch, according to appointed builder Brookfield Multiplex.
Oberoi Realty Announces Partnership with The Ritz-Carlton for Iconic M-U Worli Development
The Ritz-Carlton Hotel Company recently signed a long-term management agreement with Oasis Realty, a joint venture between Oberoi Realty and Sahana Group, to open the first Ritz-Carlton in Mumbai, the entertainment, commercial and financial capital of India.