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Investment Firm Stonepeak Acquires New Zealand Retirement Village Operator

Investment Firm Stonepeak Acquires New Zealand Retirement Village Operator

by Phil Hall | Jul 22, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Stonepeak, a New York City-based alternative investment firm specializing in infrastructure and real assets, is acquiring Arvida Group Limited, one of New Zealand’s largest retirement and aged care providers, in an all-cash transaction valued at approximately $1.25...
13th Century English Abbey Listed at $4.5 Million

13th Century English Abbey Listed at $4.5 Million

by Phil Hall | Jul 22, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A 13th century abbey created by the brother of an English king has been listed for sale at $4.5 million. Burnham Abbey in Taplow, Buckinghamshire, was founded in 1266 as a convent for Augustinian canonesses by Richard, Earl of Cornwall, the brother of King Henry III....
RBC Retrofits Canadian Branch Network to Reduce Carbon Emissions

RBC Retrofits Canadian Branch Network to Reduce Carbon Emissions

by Phil Hall | Jul 19, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Royal Bank of Canada (RBC) (NYSE:RY) has launched a multi-million-dollar plan to retrofit its Canadian network of 1,200 branches, with the goal of eliminating 10,000 tons of onsite carbon emissions from its operational footprint. In the first phase of this endeavor,...
European Central Bank Holds Interest Rate

European Central Bank Holds Interest Rate

by Phil Hall | Jul 18, 2024 | International Real Estate News, Real Estate News, WRE News Exclusive

One month after enacting its first interest rate cut in nearly five years, the European Central Bank (ECB) opted to leave rates unchanged. “While some measures of underlying inflation ticked up in May owing to one-off factors, most measures were either stable or edged...
Canadian Housing Starts Down 9% in June

Canadian Housing Starts Down 9% in June

by Phil Hall | Jul 17, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The annual pace of Canadian housing starts dropped by 9% from May to June, according to new data from Canada Mortgage and Housing Corp. (CMHC), adding the seasonally adjusted annual rate of housing starts in June amounted to 241,672 units, down from 264,929 in May....
The Country Attracting the Most British Expatriates Is…

The Country Attracting the Most British Expatriates Is…

by Phil Hall | Jul 15, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

An estimated half-million Britons left the UK during 2023, but where did the go? A new study by the international moving company comparison website Compare My Move has traced where this new wave of British expatriates is heading. Spain is the most popular destination...
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