Regions International
Turnberry Golf Course in Scotland Sold
May 21, 2008

Dubai World, the state-owned investment group managing more than $100 billion, Starwood Hotels & Resorts Worldwide Inc. has sold Turnberry golf resort in Scotland to Dubai World, according to a Bloomberg report. The price was reported to be $108 million. Starwood will continue to manage the resort.

 
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.
 
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