Real estate investment trust SL Green Realty has formed form a joint venture partnership with National Pension Service of Korea (NPS) and Hines Interest for the $2.3bn redevelopment of One Madison Avenue in Manhattan, New York City in the US.
UK-based hotel owner-operator Arora Group has been awarded a contract by the Spelthorne Borough Council to develop a £182m hotel-led mixed-use development in Staines-upon-Thames, UK.
Kier Property, the development arm of Kier Group, has secured planning approval for its next residential development at Watford Riverwell in the UK.
Multiplex has announced the completion of Swanston Central, an A$350m ($228m) high-rise residential development in Melbourne’s inner-city skyline in Australia, for developer Hengyi.
Construction is underway on the OCT Group’s Zhongshan OCT Harbour, a cultural and tourism complex in Zhongshan City, Guangdong Province, China.
Conor Commercial Real Estate announced that it has been selected by one of the world’s largest e-commerce retailers to develop a build-to-suit distribution facility in Palatine, Illinois.
Australian property developer Beulah International has received approval from the Victorian Government to build what it claims to become Australia’s tallest building, the A$2bn ($1.27bn) Southbank by Beulah.
The International Finance Corporation (IFC) has announced its support for the construction of one million square metres of semi-industrial and logistics properties in Romania, by providing €205m to Warehouses De Pauw NV (WDP).
Gloucestershire County Council in the UK has selected construction and infrastructure services firm Kier to deliver phase one of its Quayside regeneration scheme.
UK-based property developer Cole Waterhouse has submitted a full planning application to Birmingham City Council for the 5.11-acre site at Upper Trinity Street in Digbeth, Birmingham.
Hines, Urban Atlantic, and Triden Development Group along with joint venture partner Bridge Investment Group have acquired a 1.5-acre site at The Parks at Walter Reed to develop a multifamily property in Washington, DC.
Swedish construction and development company Skanska has been awarded a contract, worth approximately $195m, by the Delaware River Port Authority to rehabilitate the Benjamin Franklin Bridge that connects Philadelphia, Pennsylvania and Camden, New Jersey, US.
Property developer Godwin Developments has signed a collaboration agreement with Lord Stafford to develop an £80m mixed-use scheme in the Castlefields area, England.
The Nordic Investment Bank (NIB) has agreed to provide a loan of €68m to the Klaipėda State Seaport Authority for the expansion of the port of Klaipėda in Lithuania.
The Swedish Transport Administration has awarded a contract, worth about SEK1.7bn ($169m), to construction and development company Skanska to build double-track on the West Coast Line.
Swedish construction and development company Skanska has secured a SEK550m ($54.8m) contract from Stena Fastigheter to construct multi-family buildings in Gothenburg, Sweden.
The Michaels Organization, a residential real estate firm, has secured financing to build the third phase of Jordan Downs redevelopment in California, US.
Real estate firm Hines and its joint venture partner Pederson Group announced that they have closed on the land for the development of 325-unit luxury residential property in north Phoenix, Arizona.Located at the northwest corner of Happy Valley Road and 35th Avenue, the multifamily property include six, threeo-storey buildings. An additional one-storey building will include a cloubhouse and a fitness amenity surrounding a pool. In total, Hines plans to develop 318,000ft² of space.The apartment property is expected to include 161 one-bedroom, 140 two-bedroom and 24 three-bedroom apartments. While rent prices have not been confirmed yet, the joint venture partners plan to begin construction of the property in the fourth quarter of this year. The announcement from Hines comes at a time when it has broken ground on Adeline, its first luxury for-rent property in Phoenix. Adeline will be a 25-story, 379-unit high-rise community at the Collier Center in downtown Phoenix.Hines managing director Robert Trujillo said: “Hines jumped at the opportunity to work with our partners on this project on Happy Valley Road. Our luxury multifamily project is positioned well to meet the expanding need for suburban luxury multifamily options in the submarket.” This property of Hines is part of a larger commercial development by Pederson Group which owns the adjacent 167,000ft² Stetson Village shopping center and has plans to develop seven acres of a mix of retail services directly in front of Hines’ multifamily development on Happy Valley Road.Pederson Group CEO Jim Pederson said: “The Pederson Group acquired the 23-acre site from the Arizona State Land Trust. “We sought a quality multifamily developer to partner with us to create a fine mixed-use project. We’re thrilled to work with Hines.”
ScotRail, Transport Scotland, North Lanarkshire Council and Strathclyde Partnership for Transport (SPT) have come together to develop a new gateway to the Glasgow City Region at Motherwell station.
Construction company BAM has been selected by Camden and Islington NHS Foundation Trust to build a new mental health facility in Highgate, North London.