U.S. hotel industry reported unprecedented lows during April 2020, says STR
Due to expanded restrictions around the COVID-19 pandemic, the U.S. hotel industry reported unprecedented lows during April 2020, according to data from STR.
In a year-over-year...
Life Science REIT leases 7,500 sq ft to quantum tech firm at Oxford Technology...
Life Science REIT has completed a new lease with Infleqtion, a quantum technology business, for 7,500 sq ft of fully fitted space at the...
French logistics assets sold to Blackstone for €260M
PATRIZIA AG, on behalf of TransEuropean Property Limited Partnership VI, has sold a French logistics assets to real estate funds managed by Blackstone for...
Godiva to close 128 stores in North America
Godiva has decided to close or sell all 128 of its brick-and-mortar stores in North America by the end of the first quarter in...
Segro confirms rejection of Prologis proposal, cites valuation gap
Segro plc has confirmed that it has rejected an unsolicited takeover proposal from Prologis, Inc., stating that the indicative terms “fall a long way...
Aedifica commits €20m to new care home developments in Finland
Aedifica is investing approximately €20 million in the development of two new care homes in Finland, expanding its healthcare real estate portfolio with projects...
Blackstone Real Estate divests Hawaii resort for $725m
Blackstone Real Estate has agreed to sell Turtle Bay Resort in Oahu, Hawaii for $725 million.
Blackstone purchased the hotel in 2018 for $332...
Starwood Capital acquires UK urban industrial portfolio for £200m
Starwood Capital Group has acquired 10 UK urban industrial estates totalling 1.6 million square feet from an institutional client of Barings for £200 million.
The...
Immobel and BPI Real Estate divest office building in Brussels
Immobel and BPI Real Estate have agreed to sell the main office building within the Brouck’R mixed-use redevelopment project to the Nationale Loterij/Loterie Nationale....
Equinix, GIC and CPP Investments form $15bn data center joint venture
Equinix has announced the signing of a joint venture (JV) agreement with GIC and Canada Pension Plan Investment Board (CPP Investments).
The partnership, structured...
Google plans to invest $7bn in US offices, data centers this year
Google plans to invest over $7 billion in offices and data centers across the U.S. and create at least 10,000 new full-time Google jobs...
Sirius buys mixed-use business park near Stuttgart for €9.2m
London listed property company Sirius Real Estate has acquired a 8,800 sqm mixed-use business park in Fellbach, near Stuttgart, for €9.2 million, reflecting an EPRA...
