International
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.
Avison Young Secures Major Investment in Germany on Behalf of Canadian Pension Funds, Inaugurates Asset-Management Mandate Outside North America
Avison Young, a Toronto-based commercial real estate services firm has recently advised two Canadian pension funds in the acquisition and financing of a mixed-use, two-building complex in Cologne, Germany.
DAMAC Launches New Phase at Capital Bay and New Property Management Company
DAMAC Properties, one of the largest luxury real estate developers in the Middle East, has announced the release of a new phase at its Capital Bay luxury multifamily project in Dubai’s CBD.
Carlson Rezidor Holds Largest Hotel Pipeline in Africa with 6,300 Rooms Under Development
According to the recently released report from W Hospitality Group, “Hotel Chain Development Pipelines in Africa 2014,” Carlson Rezidor holds the largest hotel pipeline in Africa.
Skanska UK Inks Agreement to Build London Office Project
Skanska UK recently announced that it has completed an agreement with developer Helical Bar for the construction of a London project; the project will be included in the company’s order bookings for the second quarter of 2014.
Brookfield Multiplex Builds $111M Residential Tower in Surfers Paradise
Brookfield Multiplex has announced securing the building contract for a $111 million (AUD 120 million) residential high-rise in Surfers Paradise, Australia.
Apartments and the International Investor
While apartments were relatively unknown as an investment class in the 1980s, risk-return characteristics have proven solid overtime, and now everyone wants a piece of the North American multifamily market.
Prologis Japan Inks Big Prelease for In-development Osaka Facility, Nabs Two Awards for Its REIT
Prologis recently inked agreements for a large amount of space at one of its development projects. The company also received two awards for its Nippon Prologis Real Estate Investment Trust from Thomson Reuters DEALWATCH AWARDS 2013 and Capital Eye.
Bouwinvest Acquires 300 High-End Rental Apartments in Iconic Amsterdam Tower
Bouwinvest REIM, one of the largest Dutch investment managers specialized in real estate, has recently announced the acquisition of 300 high-end rental apartments in The Pontsteiger. The investment is for Bouwinvest’s €2.6 billion ($3.6 billion) Institutional Residential Fund.
Cadillac Fairview Plans Massive Residential and Commercial District in Downtown Montreal
Cadillac Fairview, the real estate arm of Ontario Teachers’ Pension Plan, has recently unveiled its updated plans to develop the impressive Quad Windsor, a new residential and commercial district in downtown Montreal.