Trump Organization, headed by real estate investor Donald Trump, is adding its first hotel in South America, the 171-room luxury Trump Hotel Rio de Janeiro, as part of an expansion of its lodging business.
Serco Group Plc has lost a prison contract, a CEO and a fifth of its value in six weeks. It may take longer than that for Britain’s largest government outsourcing provider to win back work -- and investors.
Medi-Clinic Corp. is seeking contracts to manage hospitals outside South Africa because it has too much debt to make further acqusitions, Business Report said, citing Edwin Hertzog, the company’s chairman.
Guinea awarded a contract to manage its electricity system to Electricite de France, or EDF, President Alpha Conde told a meeting broadcast on state-owned Radio Television Guineenne yesterday, without giving details.
Invista Real Estate Management Holdings Plc, the U.K.’s largest publicly traded property asset manager, said Lloyds Banking Group Plc is to end Invista’s contract to oversee 2.4 billion pounds of assets for its HBOS unit. Invista managed 5.4 billion pounds of assets at June 30, it said in a statement today.
ProLogis plans to make an offer for ProLogis European Properties that values Europe’s biggest warehouse owner at 1.2 billion euros ($1.7 billion), beating a bid by APG Algemene Pensioen Groep NV and Goodman Group .