International
IMMOFINANZ-Owned BUWOG to Buy 18K-Unit Portfolio in Germany for $1B
BUWOG is giving the German multifamily market a boost by acquiring an 18,000-unit portfolio in Germany and Austria for $1.2 billion.
Hines Selects Gehry Partners Design for Germany’s Tallest Residential Tower
International real estate firm Hines announced that Gehry Partners has won the architectural competition for the company’s 300-unit apartment project in Berlin. The asset is the first residential high-rise development in Berlin since the 1970s, and will likely be the city’s tallest.
China’s Greenland Group Buys 7.8-Acre Brewery Development in London
A Chinese developer has entered the U.K. market with the $987 million acquisition of the Ram Brewery development site in London. The land is permitted for 661 new homes, including a 36-story multifamily tower.
TriGranit Completes 344KSF Krakow Office Complex, Announces Additional 323KSF
TriGranit has announced the successful completion of Building D in the Bonarka 4 Business (B4B) complex, closing the project’s first stage of development.
Xinyuan Real Estate Co. Ltd. Announces Land Acquisitions and new Residential Developments in China
Xinyuan Real Estate Co. Ltd. recently announced that it has acquired four land parcels in China via auction and intends to primarily develop residential apartments.
JW Marriott Hotel Hanoi Opens as Luxury Hotel Brand Expands in Southeast Asia
Marriott International is continuing its rapid growth with the recent unveiling of the JW Marriott Hotel Hanoi, a brand new location for the luxury brand that has in the past year made a point of expanding into Southeast Asia.
Canada Sells Landmark Diplomatic Building in London to India-Based Developer for $500M
The Canadian federal government has sold the iconic Macdonald House in central London to Lodha Group, one of India’s largest real estate developers.
Joint Venture WTGoodman Acts on Promises One Year After Its Creation With $1.3 Billion Portfolio Purchase as BR Properties Exits Industrial Market
With the FIFA World Cup coming to Brazil next summer, and the Olympic Games set for Rio de Janeiro in 2016, the country has seen a few years of economic upswing, spurred on by the development necessary to make the next few years a success.
Invel Puts Pen to Paper on $888 Million Deal, Largest Ever Greek Real Estate Transaction
Invel Real Estate Partners has signed to a share purchase agreement to acquire a 66 percent stake in NBG Pangaea Real Estate Investment Company from the National Bank of Greece.
Sigma Capital Forms $1.14B JV with Gatehouse Bank to Develop 6,600 Rental Homes in Britain
Property developer Sigma Capital Group has formed a 700 million pound ($1.14 billion) joint venture with Shariah-compliant Gatehouse Bank for the development of up to 6,600 new rental homes in Britain.