International
Digital Realty Acquires Three-Property Data Center Portfolio In Paris For $79.7M
Digital Realty Trust Inc. has acquired a three-property data center portfolio in the Paris area for EUR 60 million, or about $79.7 million. The seller was Bouygues Telecom, France’s third largest telecommunications operator.
DDR’s Puerto Rico Retail Properties Get $90M Upgrade
Leading shopping center owner and manager DDR Corp. has announced it will continue the successful redevelopment and expansion activity at four selected properties across Puerto Rico due to strong tenant demand and lucrative previous projects.
Continuing-Care Housing Under Way on Vancouver Island
Work is under way on the Heights at Mount View, a continuing-care housing and memory support property in Saanich, British Columbia, which is part of greater Victoria.
Ireland’s First DoubleTree by Hilton Property to Open in February
Hilton Worldwide will introduce the upscale DoubleTree by Hilton brand to Ireland with the launching of a new hotel in Dublin, one of Europe’s most effervescent tourist destinations.
Sony Corp. is Auctioning off Tokyo HQ, Part of Global Initiative to Raise Capital
Marking a growing trend among large companies, Sony Corp. is now putting up for sale one of its largest real estate properties.
Fairmont Hotel Opens on Palm Jumeirah
The world’s largest manmade island, The Palm Jumeirah in Dubai, is the location of the newest Fairmont hotel, the 381-unit Fairmont The Palm.
Kista Galleria Shopping Center in Stockholm Sells for $700 Million
Citycon Oyj and the Canada Pension Plan Investment Board have entered into definitive agreements to acquire the Kista Galleria shopping center in Stockholm from DNB Livsforsikring ASA.
South African Developer Secures Financing for Retail and Residential Projects in Pretoria
Nedbank Corporate Property Finance, a Durban-based financial organization, has reportedly provided a Pretoria, South Africa, developer with crucial financing that will be used in the development of two properties.
Baker & McKenzie Advise on Starhill’s A$415M Australian Hotel Portfolio Purchase
Starhill REIT, a listed Malaysian REIT, has recently closed on an A$415 million acquisition of three premier Australian hotel properties: Sydney Harbour Marriott Hotel, Brisbane Marriott Hotel and Melbourne Marriott Hotel.
Sofitel Luxury Hotels to Open New Property in Bali Next Year
Sofitel Luxury Hotels continues to expand across Southeast Asia with the addition of a new property in Bali, one of the world’s most popular holiday destinations.