ESR has partnered with two Chinese insurance giants to establish a RMB 1.6 billion income fund focused on prime logistics assets. The deal involves the recapitalisation of two multi-storey industrial properties in Shanghai and Suzhou, totalling 320,000 square metres. By retaining management of the portfolio, ESR continues its capital recycling strategy while meeting the high demand from domestic institutional investors for modern supply chain infrastructure.
OpenAI has secured a significant long-term lease for the entire 350-380 Ellis office campus in Mountain View. The deal involves a 450,000 square foot Class A property owned by KKR Real Estate Finance Trust Inc. and TMG Partners. Following a major renovation to modernise the five-building site, the AI giant will move into the heart of Silicon Valley to support its rapid growth and operational scaling.
Hilton has signed an exclusive franchise deal with YOTEL to expand its lifestyle hotel portfolio. YOTEL becomes the first brand under the "Select by Hilton" banner. While YOTEL remains independently managed, it will now gain access to Hilton’s global distribution and the Hilton Honors loyalty programme. This partnership allows both brands to grow efficiently while offering guests smart, tech-led urban accommodation in key cities worldwide.
Logistea AB has agreed to acquire a six-asset logistics portfolio from DSV for SEK 587 million. The sale-leaseback deal includes 41,500 square metres of cross-docking space across Sweden, including sites in Karlstad and Gävle. All properties are fully leased to DSV Road AB on ten-year triple net terms. The transaction is expected to close on March 30th 2026, pending regulatory approval for the Växjö asset.
Marriott International has signed a landmark agreement with KS Hotels to introduce The Luxury Collection to Cambodia and Laos. The deal involves rebranding two storied properties, La Résidence Angkor and La Résidence Phou Vao, marking Marriott’s first hotel in Laos. Both heritage sites will undergo thoughtful upgrades before reopening in 2026 and 2027 to offer elevated luxury in these major UNESCO World Heritage destinations.
Savills has signed a $1.1 billion agreement to acquire global investment bank Eastdil Secured. This move creates a worldwide capital markets powerhouse, ranking the group second globally for commercial transactions over $100 million. Eastdil will operate as the dedicated investment banking arm of Savills, maintaining its headquarters in New York, London and Santa Monica while providing a platform for significant growth across the United States and Asia.
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