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Grosvenor has formed a joint venture with Heathley Asset Management to enter the healthcare sector in Australia. Both companies will acquire their first two private hospitals in Queensland for c. €60m (AUD94m), namely the Women’s and Children’s' Hospital, Townsville, and the Westside Private Hospital, Brisbane. The .joint ven...
IHG has launched Voco, its new upscale hotel brand. Alongside the launch, the company has also announced a first signing in Australia. Voco will focus primarily on conversion opportunities and will strengthen IHG’s offer in the USD40 billion (c. €34.1 billion) upscale segment, which is expected to grow by a further USD20 bill...
BNP Paribas Real Estate in CEE has appointed Marcin Klammer as CEO. He is a licensed architect, member of RICS and the Professional Chamber of Architects and has been the European Sector Leader developing multinational clients in Arcadis. Simultaneously he was the CEO of the Polish operations where he managed a team of over 2...
BNP Paribas Real Estate has reinforced its International Investment Group (IIG) with the appointment of Patrick Delcol as Head of Pan-European Retail which will be effective on 1 July 2018, under the responsibility of Larry Young, Head of IIG.
CBRE appointed Josh Beer as new Head of CBRE 360 for EMEA. He joins the firm from The Instant Group, where as Director of Outsourcing Solutions, he led the development and implementation of the company’s enterprise flex service proposition. In his new role, Josh Beer will lead CBRE 360 for investor and occupier clients across...
Savills has expanded its Worldwide Occupier Services (WOS) team with the appointment of Nick Lambert who joins the firm as a director. With a focus on the EMEA markets, he will work closely with Savills existing London-based and European tenant representation teams as well as the global WOS teams.
VT RM Alternative Income Fund (RMAI), an actively managed open-ended fund investing in defensive, income producing alternative assets has launched, managed by RM Funds. The UCITS V fund, which targets 5% annual income distribution, offers investors a route to a diversified portfolio of alternative income producing assets. The...
Radisson Hotel Group has announced the signing of the first Radisson Collection hotel in Eastern Europe. The Tsinandali Estate A Radisson Collection Hotel, will open its doors in October 2018 in the wine region of Kakheti. The hotel will offer 141 stylish guest rooms and suites and a range of exceptional hotel facilities. The...
After a brief stint as Co-Chief Investment Officer at Corestate Capital, Philip La Pierre now joins LaSalle Investment Management as Head of Continental Europe. Based in Munich, he will oversee all operations and strategies in Europe ex-UK. The real estate manager will be responsible for the acquisitions, asset management and...
Bouwinvest has invested $100 million (c. €85.57 million) in the Tishman Speyer development project „The Spiral“ as part of its strategy to grow North American assets under management by one third in the next few years. Bouwinvest joined Tishman Speyer and over a dozen real estate investors in the project to realise a 314-metr...
Commerz Real has purchased the 25-storey office building “222E 41st Street” in New York City for its HausInvest open-ended real estate fund from the REIT Columbia Property Trust. The agreed purchase price is approx. 332.5 million US dollars (c. € 284.5 million). After the law firm Jones Day moved out of the building in 2016, ...
The schemes of arrangement for the acquisition of Westfield by Unibail-Rodamco SE have become effective, according to Westfield Corporation. The announcement follows the receipt and lodgement with the Australian Securities and Investments Commission (ASIC) of orders of the Supreme Court of New South Wales approving the Scheme...
TH Real Estate has identified an opportunity to invest in Tokyo multifamily, focusing on high-quality, well located, assets in Tokyo. TH Real Estate has formed a partnership with Bouwinvest and Kenedix as cornerstone investors, for a new Tokyo Multifamily investment vehicle, which has secured six assets in Central Tokyo for a...
Pure Industrial Real Estate Trust announces today the closing of the previously-announced plan of arrangement, pursuant to which an affiliate of Blackstone Property Partners, the Core+ real estate investment unit of Blackstone, and Ivanhoé Cambridge, a subsidiary of CDPQ, acquired all of the issued and outstanding trust units...
Westfield Corp’s shareholders have approved the USD 16 billion (c. €13.6 billion) takeover by Unibail-Rodamco, according to Frank Lowy, the chairman of the shopping mall operator. The securityholders supported the transaction by over 97%. The approval was the final hurdle for the takeover, which has already been green-lighted...
Marc Pigeon was elected President of the European Union of Developers and House Builders (UEPC) on the occasion of the 60th anniversary. Pigeon is the founder-president of Roxim, headquartered in Montpellier, and twice former president of France’s Federation of Real Estate Developers (FPI).
Cushman & Wakefield has made two senior appointments to its EMEA Asset Services team in Maarten de Haas and Tina Parfitt. De Haas has joined from Deloitte as Chief Customer Officer (CCO), a new role responsible for the strategy and relationship with existing and prospective clients, while Parfitt has been appointed as Chief I...
VTS reported a record first quarter with a 116% global increase in square feet managed on the platform since Q1 2017, taking the total to over 7 billion square feet. Over the same period in Europe, square footage grew by 348% with a total of 480 million square feet now being managed on VTS.
