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…
LondonMetric Property sells its retail park in Leeds for £25.2 million
LONDON, UK: LondonMetric Property Plc has sold its retail park in Kirkstall, Leeds, for £25.2 million, to a UK institutional investor. The 120,000 sq ft Kirkstall Bridge Shopping Park was developed by LondonMetric in 2015 after acquiring the site in 2011. Following the recent re-letting of a 21,000 sq ft unit to The Range, the…
New site for The London Cocktail Club
LONDON, UK: Nightcap has entered into a lease for a new London Cocktail Club site in Corn Street, central Bristol. The site covers an area of approximately 3,500 square feet with a 2:30 am license over Thursday to Saturday. The site is expected to be open before the end of the calendar year and will…
Philip Morris International raises offer for Vectura to £1.02bn
LONDON, UK: Philip Morris International (PMI) has increased offer values the entire issued and to be issued ordinary share capital of Vectura at approximately £1.02 billion, a news release said. PMI’s business model and strategy is driven by a long term commitment to the transformation of its business and not a search for short term…
Telstra Health to acquire MedicalDirector for A$350mn
LONDON, UK: Telstra announced that Telstra Health has entered into a binding agreement to acquire leading GP clinical and practice management software company MedicalDirector for an enterprise value of A$350 million. Telstra Health Board Chair Brendon Riley said the acquisition of MedicalDirector was a key step in Telstra Health’s vision to create a connected and improved…