AUCKLAND: Kiwi Property has reached a conditional agreement with IKEA to sell the retailer 3.2 hectares of land at Sylvia Park. The parcel of land is located on Te Ahoterangi Rise, immediately adjacent to the east of the shopping centre. Kiwi Property Chief Executive Officer, Clive Mackenzie, says the agreement is an important step towards…
Supermarket Income REIT buys Sainsbury’s supermarket for £75.8 million
LONDON, UK: Supermarket Income REIT bought a Sainsbury’s supermarket in Cannock, Staffordshire, from a client of CBRE Investment Management for £75.8 million (excluding acquisition costs), representing a net initial yield of 4.0%. The Sainsbury’s store opened in 1997 and was extensively refurbished in 2011. This 9.1 acre site comprises a 73,000 sq ft net sales…
Amazon signs deals to buy total of 366MW wind energy from Ørsted
LONDON, UK: Amazon and Ørsted announced two new corporate power purchase agreements totalling 116 MW of capacity across onshore and offshore wind. Specifically, Amazon will offtake the output of 100 MW from Ørsted’s 900 MW Borkum Riffgrund 3 Offshore Wind Farm in Germany. This CPPA is in addition to the 250 MW CPPA signed in December…
Mobilink Microfinance Bank registers record growth in M-Wallets
KARACHI: Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has successfully retained its market standing as a leader in terms of microcredit and micro-savings during the third quarter of the financial year 2021, as per the latest report released by Pakistan Microfinance Network (PMN). MicroWatch- a quarterly update on microfinance outreach in Pakistan, in…
Weir completes purchase of Motion Metrics
LONDON, UK: The Weir Group announces today that it has completed the previously announced acquisition of Motion Metrics, the market leading developer of innovative Artificial Intelligence and Machine Vision technology used in mines worldwide, for an initial consideration of £89m. Commenting on the acquisition, Weir Group CEO Jon Stanton said: “I am delighted to welcome…
SynBiotic SE to takeover hemp industry pioneer Daniel Kruse’s group of companies
MUNICH: Synbiotic SE has concluded a contribution agreement for the acquisition of 50.1% of the shares of Hanf Farm GmbH, Hemp Factory GmbH, Hempro International GmbH and MH medical hemp GmbH. The shares will be contributed to the company as part of a capital increase in kind. Synbiotic SE will resolve a capital increase in…
Jadestone Energy signs Akatara gas sales agreement with PLN
SINGAPORE: Jadestone Energy announced that a gas sales agreement (GSA) for the Akatara field, located within the Lemang production sharing contract (PSC), was signed today at an industry conference in Indonesia, a news release noted. Paul Blakeley, President and CEO commented: “Reaching this key milestone less than 12 months after closing the acquisition of our…
Maritime predictive intelligence firm, Windward to list on AIM market
LONDON, UK: Windward Ltd, a leader in maritime predictive intelligence, has sought admission of its entire issued and to be issued ordinary share capital to trading on AIM, following an institutional placing raising approximately £34.5 million before expenses, a news release noted. Windward is placing 22.258 million new and existing ordinary shares at a price…
Sirius buys Neckartenzlingen Business Park for €34.5 million
LONDON, UK: Sirius Real Estate has completed the acquisition of a high-quality business park in Neckartenzlingen, south of Stuttgart, for a total cost of €34.5 million, a news release noted. The transaction, which was notarised in September 2021, will be financed using existing cash resources, and reflects an EPRA net initial yield of 5.6%. As…
Akropolis Group buys Alfa Shopping Centre in Riga, Latvia
LONDON, UK: Akropolis Group has completed the acquisition of a major shopping centre Alfa in Riga, Latvia. The transaction was closed on 30 November by acquiring 100% shares in SIA Delta Property, the holder of Alfa shopping centre. “The expansion of shopping and entertainment centres is a challenge during the pandemic, so we are pleased…
Adevinta complete sale of Gumtree UK and Motors.co.uk
OSLO, NORWAY: Adevinta ASA has completed the sale of Gumtree UK and Motors.co.uk to a consortium consisting of O3 Industries, a New York-based family investment fund, and Novum Capital, a private equity firm based out of Frankfurt. The sale is part of a previous agreement with the UK’s Competition and Market Authority (CMA) for approval…
BW Ideol acquires 5% ownership in EolMed floating wind pilot project
OSLO, NORWAY: BW Ideol has signed an agreement to acquire a 5% ownership in the 30MW EOLMED floating wind pilot project in the French Mediterranean. This investment confirms the company’s dual-track growth strategy as co-developer of floating wind projects and as floating foundation EPCI provider. BW Ideol and Qair have been cooperating on the project…