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Marriott International plans to add nearly 100 hotels and more than 12,000 rooms to its European portfolio through conversions and adaptive reuse projects by the end of 2026. The planned conversions represent more than 40 per cent of the company's European development pipeline and are expected to consolidate Marriott's positi...
Europe's average office occupancy rate has risen from 55% to 59% over the last year, says Savills, with Madrid now standing at 68%, almost back to the European pre-pandemic average rate of circa. 70%. London West End and Paris CBD have the second and third highest rates, at 61% and 59%, respectively. Warsaw has seen the highe...
IWG anticipates record network growth in 2024, as businesses of all sizes embrace the benefits of hybrid working. The company now has approximately 4,000 locations in more than 120 countries.
CBRE Investment Management has secured a new finance facility for its indirect secondaries strategy, to be delivered by RBS International (“RBSI”), part of the NatWest Group.
EQT Exeter Real Estate Income Trust, Inc. purchased 110 Southeast Inner Loop Road in Georgetown, Texas for $60.9 million. EQRT acquired the property with proceeds from the sale of 6.22 million Class E units of its operating partnership to EQT Exeter Holdings US, Inc., an affiliate of EQRT’s sponsor.
CDPQ today announced the appointment of Rana Ghorayeb as Executive Vice-President and Head of Real Estate. In her new role, she will be responsible for leading the overall Ivanhoé Cambridge portfolio and investment team, which has assets of over $77 billion.
W. P. Carey Inc. (W. P. Carey, NYSE: WPC), a net lease real estate investment trust, today announced the appointment of Rhonda Gass to its Board of Directors, effective immediately. Ms. Gass will serve as a member of the Audit Committee and brings more than 30 years of experience in technological transformation, cybersecurity...
CBRE Investment Management, on behalf of a fund sponsored by the firm, has increased the revolving credit facility (RCF), from €450 million to €750 million, and added two new strategic banking partners, Crédit Agricole - Corporate Investment Bank (CACIB) and Deutsche Bank AG, Amsterdam Branch.
Deka Immobilien has entered into contract to acquire a Class-A office complex in Vancouver from a joint venture between Oxford Properties and the Canada Pension Plan Investment Board. The properties will be added to the portfolio of the Deka-ImmobilienGlobal open-ended real estate fund. The parties have agreed not to disclose...
Joseph (Joe) Vullo has been promoted to the new role of Head of Real Estate, Europe at Columbia Threadneedle Investments. In this role Joe will provide leadership for Columbia Threadneedle’s Pan European real estate platform, including the UK and Continental Europe.
Union Investment has profitably sold the Shibuya Prime Plaza office building and the J6 Front office and retail building in Japan's capital Tokyo. Both properties are part of the portfolio of open-ended real estate fund UniImmo: Europa: J6 Front, built in 2008, was acquired in 2014, while Shibuya Prime Plaza, completed in 200...
Ares Management Corporation promotes Julie Solomon, Global Chief Operating Officer of Ares Real Estate, to Co-Head of Real Estate alongside Bill Benjamin, current Head of Real Estate. Effective immediately, Solomon and Benjamin together will co-lead the Ares Real Estate business globally.
Target missed: Patrizia has announced the final close of its debut impact investing strategy at € 500 million. The company has raised equity commitments of around €500 million from ten institutional clients, including the Danish pension fund AP Pension and PKA as the main investors. The fund was originally expected to raise ...
Madison International Realty has hired Jenna Barry as Portfolio and Asset Manager. Based in London with a focus on Madison’s European and UK Property Portfolio, she will report into the firm’s Head of Portfolio and Asset Management, Kim Adamek, who is based in New York.
Union Investment has sold the VisionCrest Commercial office building in Singapore to a real estate fund managed by TE Capital Partners and LaSalle Investment Management. According to the buyers, the purchase price is around USD 331 million, making it the largest office deal in Singapore in 2023.