Regions International
South Pacific Development Group Secures Land Lease for $450 Million Samoan Resort
Aug 20, 2008

Hawaii-based South Pacific Development Group has obtained a 120-year lease for 600 acres of prime oceanfront land on Savaii Island in Samoa to develop the Sasina Village Resort. The luxury resort's first phase will feature a hotel, timeshare units, championship golf course, and cultural center to be followed in later phases by additional hotels, private residences and a recreational marina. The overall development cost is estimated at $450-500 million. SPDG CEO Jesse James and Faumuina Liuga Tiatia, Minister of Natural Resources and Environment, recently signed the land lease agreement in Apia, Samoa. SPDG is now meeting with potential hotel partners, co-developers and investors interested in having a financial stake in its development projects.

 
Recent International Headlines
mcwilliams CNL, Macquarie Plan $1.5B Global REIT
Jan. 07, 2009
Orlando-based CNL Financial Group and Sydney's Macquarie Group have joined forces for the first time to establish a new global REIT, CNL Macquarie Global Growth Trust Inc., which will pursue opportunities in just about every sector of commercial real estate in various areas around the world. The partners can afford to think big, as the proposed total offering for the REIT is $1.5 billion.
Office Market Positioned to Survive a Bruising Recession
Dec. 29, 2008
As a deep recession looms around the world, there is a country where a conservative investment community has resisted speculative office construction, enabling vacancy rates to fall to historically low levels and rents to continue rising through the third quarter of 2008.
ProLogis to Sell China Operations, Interest in Japan Funds to GIC for $1.3B
Dec. 23, 2008
Looking for ways to quickly cut debt and strengthen its balance sheet, industrial REIT giant ProLogis said it was selling its China operations and a 20 percent interest in its Japan property funds to GIC Real Estate for $1.3 billion.
CaledonCasino Century Casinos to Sell South African Properties for $48M
Dec. 23, 2008
Century Casinos Inc. is selling Century Casinos Africa Ltd. to Tsogo Sun Gaming Ltd., a casino and hotel resort owner and operator in Southern Africa.
ProLogis Buy Eases Debt Squeeze on European Unit
Dec. 22, 2008
Facing a looming CMBS debt maturity next summer, ProLogis European Properties is getting some much-needed breathing room from its corporate parent. In a deal valued at about 43 million euros, or $61 million, Luxemborg-based PEPR is selling ProLogis a 20 percent share of a private investment fund.
 
Select Coverage By City: