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Global News

Nido appoints Carlo Matta as CEO

Student Homes Group Nido has announced the appointment of Carlo Matta as CEO to drive the business as it accelerates its growth strategy. The appointment follows the recent acquisition of Nido by CPP Investments and signals a new phase in the company's expansion plans.
Wednesday, 15. May 2024

Azora acquires Boston office building

Azora, via its Azora Exan business, has completed the $39 million purchase of a Boston office building at 801 Boylston Street. The 2,400 square meter asset offers mixed-use retail and office space and represents an exceptional alternative, primarily for family offices or private equity firms seeking representation in the Back...
Tuesday, 14. May 2024

Thomas Lamson joins Ascott as VP Development & PTS

The Ascott Limited announces the appointment of Thomas Lamson as Vice President Development & PTS (Product & Technical Services) for the EMEA region. A member of the Executive Committee for Europe, he reports to Ngor Houai LEE, Chief Operating Officer, EMEA, South Asia and China, at Ascott.
Monday, 13. May 2024

Marriott speeds up expansion in Europe

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...
Tuesday, 23. April 2024

Office occupancy in Madrid almost back to pre-pandemic levels

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...
Tuesday, 23. April 2024

IWG grows significantly in Hungary with new openings

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.
Tuesday, 23. April 2024

EQRT acquires industrial property in Texas for over $60M

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.
Tuesday, 26. March 2024

Rana Ghorayeb joins CDPQ as Head of Real Estate

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.
Friday, 22. March 2024

W. P. Carey appoints Rhonda Gass to board of directors

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...
Tuesday, 19. March 2024

CBRE IM increases fund revolving credit facility to €750 million

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.
Wednesday, 13. March 2024

Deka Immobilien buys top properties in Canada

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...
Friday, 8. March 2024

Columbia Threadneedle promotes Vullo to Head of Real Estate, Europe

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.
Thursday, 7. March 2024

Union Investment sells two properties in the centre of Tokyo

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...
Friday, 1. March 2024

SVP completes Apcoa acquisition

Strategic Value Partners has completed the purchase of Apcoa from Centerbridge . All necessary approvals have been granted.
Thursday, 8. February 2024