International

One of the most ambitious and audacious hospitality projects in recent years sparked up back in 2007 when German tourist brand TUI AG purchased a struggling settlement in the Italian region of Tuscany with the clear intention of turning it into a new type of attraction.

Brookfield Canada Office Properties has announced the acquisition of the Bay Adelaide Centre East office tower in downtown Toronto from its parent company, Brookfield Office Properties Inc.

Tilal Development Company, the Sultanate’s leading real estate company, recently announced plans for a massive expansion of Muscat Grand Mall.

European real estate investment trust British Land has announced investing approximately $708 million (£470 million) to buy into Paddington Central, an office-anchored 1.2 million square-foot mixed-use development in London’s West End.

Starwood Hotels & Resorts Worldwide Inc. has recently announced the expansion of their presence in Turkey with the opening of two new properties: Sheraton Bursa Hotel and Aloft Bursa Hotel.

A real estate fund managed by Morgan Stanley Real Estate Investing (MSREI) has announced the sale of a stake in the Metropolis Shopping and Entertainment Mall in Moscow to the Hines CalPERS Russia Long Term Hold Fund (HCRLTH).

International real estate investment and services firm Kennedy Wilson has purchased a 50 percent interest in a premier 420-unit multifamily asset located on the south bank of the River Liffey in Dublin.

Leading construction and property development company NCC has announced receiving the circa $61.62 million (SEK413 million) contract to build the new Royal College of Music in Stockholm, a project worth $119.38 million (SEK800).

Mady’s latest mixed-use development project, sitting on 1.68 acres of prime waterfront land on the shores of Burlington, has landed a financing agreement.