LONDON, UK: Etalon Group Plc, one of Russia’s largest and longest-established development and construction companies, announces the acquisition of a land plot in the Petrogradskiy district of St Petersburg for the construction of a premium-class residential complex. The project’s planned NSA will be 63 ths sqm. The site is located near the Pesochnaya embankment and…
Restore plc acquires PRM Green Technologies
KARACHI: Restore plc has acquired 100% of the share capital of PRM Green Technologies Ltd, a leading IT recycling and asset disposition (ITAD) business, on 9th August 2021, a news release said. Restore plc is the UK’s leading provider of integrated information and data management services, secure technology recycling and commercial relocation solutions. This is…
Golden Ocean ends relationship with Capesize Chartering
OSLO, NORWAY: Golden Ocean Group Limited has terminated its relationship with Capesize Chartering Ltd. (CCL), a joint venture to coordinate the Capesize spot chartering services of Golden Ocean, Starbulk, CTM and Bocimar. Mr Ulrik Andersen, Chief Executive Officer of Golden Ocean Management AS, commented: “We have enjoyed our close cooperation with our CCL partners over the last…
Heimstaden Bostad buys SEK3.5bn Danish portfolio
OSLO, NORWAY: Heimstaden Bostad AB strengthened its presence in Denmark through a SEK 3.5 billion acquisition of 1,473 homes in several attractive locations. The portfolio consists of 34 properties, of which 18 are standing assets with 680 homes, including one commercial property. 16 properties are under construction and are acquired in a forward purchase structure…
Tritax Eurobox plans forward funding acquisition in Italy
LONDON, UK: Tritax EuroBox plc announced that conditional contracts have been entered into to acquire land and provide forward funding for the development of a new highly specified and sustainable logistics warehouse facility in Settimo Torinese near Turin, Northern Italy for a total consideration of €24.39 million. The property will be developed by LCP IT…
Derwent London forms joint venture with Lazari Investments
LONDON, UK: Derwent London is pleased to announce three off-market West End transactions with Lazari Investments. “We have exchanged contracts to acquire two properties in London’s Knowledge Quarter1, totalling 182,100 sq ft for £214.6m inclusive of costs. The combined rent is £5.3m p.a., or c.£30 per sq ft, reflecting a net initial yield of 2.5%….
UOG Holdings sells all shares of UOG Italia for €2.165mn
LONDON, UK: United Oil & Gas Plc, through its subsidiary, UOG Holdings plc, has signed a conditional sale and purchase agreement with PXOG Marshall Limited, a subsidiary of Prospex Energy PLC, for the sale of 100% of the share capital of UOG Italia Srl for a consideration of €2.165 million in cash. The effective date…
Megaport Limited acquires InnovoEdge for $15mn
BRISBANE, AUSTRALIA: Megaport Limited has signed an agreement to acquire InnovoEdge Inc. an AI-powered multicloud and edge application orchestration company, via its wholly owned US-registered subsidiary. Megaport CEO Vincent English said: “Empowering our customers and partners with greater agility is a priority for Megaport. The acquisition of InnovoEdge aligns well with that priority and will…
CEO Challenger Limited Richard Howes to step down
SYDNEY, AUSTRALIA: Challenger Limited announced that after 18 years with the company, Richard Howes has notified the Board of his intention to step down as Managing Director and CEO in March 2022. Mr Howes joined Challenger in 2003 and has served the business with distinction in a number of roles, including Group CEO, Chief Executive…
Nick de Blocq appointed CEO of Kinetiko Energy
SYDNEY, AUSTRALIA: Nick de Blocq has been appointed as chief executive officer (CEO) of Kinetiko Energy Limited. Nick has more than 33 years’ experience in the global oil & gas exploration and production industry with major companies such as Schlumberger, Frank’s International, SEPCO Industries and Moz Environmental. He has an extensive managerial and operational skill…
CMA requires Groupon to improve customer service
LONDON, UK: Competition and Markets Authority (CMA) is calling on Groupon to make swift changes to how it treats customers to ensure that it is complying with consumer protection law. The Competition and Markets Authority (CMA) launched an enforcement investigation into Groupon UK, an e-commerce marketplace that offers discounts and deals for a range of products and…
NAB agrees to acquire Citigroup’s Australian consumer business
LONDON, UK: National Australia Bank Limited (NAB) has entered into a Sale and Purchase Agreement with Citigroup Pty Limited to purchase Citigroup’s Australian consumer business (Citigroup Consumer Business). The proposed acquisition, which remains subject to regulatory approvals, is structured primarily as an asset and liability transfer, with NAB to pay Citigroup cash for the net…