International
Two Chinese Residential Projects Get $60M Investment from Century Bridge Capital
Century Bridge Capital is investing approximately $60 million in two separate joint ventures dealing with residential projects taking shape in the Chinese cities of Zhongshan and Wuxi.
Ballymore Seeks JV Partner for £2B ($3.4B) Residential Development Portfolio in London
By Adriana Pop, Associate Editor London—International property development company Ballymore has launched the search for a joint venture partner to finance and develop three large-scale residential projects in East London. Lazard and CBRE are advising the company in the selection process, Ballymore announced. Located at Canary Wharf, Leamouth and Nine Elms, the new developments will bring a total of 3,000 new residential units and 250,000 square feet of commercial, leisure and office space. Ballymore will act as development manager for the projects, which have a gross development value of about £2 billion (nearly $3.4 billion). At a waterside location in…
Salvo Property Group Develops $259M MF Tower in Melbourne
Salvo Property Group, a leading Australian development company focused on developing affordable luxury properties, has appointed Brookfield Multiplex to design and construct Platinum Tower, a $259 million (AUD 280 million) multifamily tower in Melbourne.
Greystar Acquires London Student Housing Portfolio
Greystar has purchased a portfolio of student housing properties in the United Kingdom. The portfolio consists of three properties in central London that encompass a total of 1,129 beds. The properties are Woodland Court, Wedgwood Court and Great Suffolk Street.
HOCHTIEF, Kondor Wessels JV to Begin Construction on Major Residential Development in Berlin
HOCHTIEF Projektentwicklung, a subsidiary of the HOCHTIEF Group, has partnered with Kondor Wessels for the construction of CEDELIA, an approximately 280-unit residential development in Berlin-Zehlendorf.
Nobu Hospitality Announces Its First European Hotel: Nobu Hotel Shoreditch, London
Nobu Hospitality, inspired by world-renowned Japanese Chef Nobu Matsuhisa and championed by Academy award-winning actor Robert De Niro and Hollywood producer Meir Teper, over the course of the past months announced an aggressive expansion plan.
Prologis Furthers Presence in Japanese Industrial Market with Three New Development Projects
Prologis, a leading owner, operator and developer of industrial real estate recently announced new development projects in Japan, one of the company’s core markets.
Entities Involved in West Africa’s First Green Commercial Building Develop 323KSF Mall In Nigerian Capital
Construction on Jabi Lake Mall, a 323,000-square-foot retail development in Nigeria’s capital Abuja, is well on its way, announced project and development manager Laurus Development Partners.
FRHI Announces Seven-Hotel Expansion in the MEAI Region
The MEAI region is set to see the development of seven new hotels operated by FRHI Hotels & Resorts, the company recently announced at the Arabian Travel Market.
NCC Awarded Construction Contract for 400-Unit Apartment Community in Aarhus, Denmark
NCC Construction Denmark has recently received a SEK 725 million ($115.3 million) construction contract to build an apartment community in Aarhus, Denmark.