Regional REIT Limited and its subsidiaries (Group) is a United Kingdom (UK) based real estate investment trust that launched in November 2015. It is managed by London & Scottish Property Investment Management Limited, the Asset Manager, and Toscafund Asset Management LLP, the Investment Manager. Regional REIT’s commercial property portfolio is comprised wholly of income producing…
Land Securities announces executive leadership team, CoSec appointments
LONDON: Land Securities Group announced changes to its Executive Leadership Team in support of the company’s strategic growth plans. The new team structure will lead the delivery of Landsec’s new strategy, announced in October 2020, which seeks to create value for all stakeholders and positions the company for long-term growth. The strategy is based on…
Aberdeen Standard plans acquisition of 60% interest in Tritax Management
LONDON: The Board of Aberdeen Standard European Logistics Income PLC notes the announcement made by the Company’s investment manager, Aberdeen Standard Investments, in relation to the planned acquisition of a 60 percent ownership interest in Tritax Management LLP. Tritax Management is a specialist logistics real estate fund manager with £5.1 billion assets under management throughout…
SulNOx Group enters a collaboration agreement with Rigworld Group
LONDON: SulNOx Group Plc has entered into a collaboration agreement with Rigworld Group, a Ghanaian based, pan-African diversified oil and gas services business. This collaboration will involve the marketing of SulNOx’s Fuel Conditioner and Heavy Fuel Emulsifier products throughout Africa, as well as further developing the products to suit local conditions. Rigworld has identified significant…
Conditions satisfied for sale of Asia business, Tesco announces
LONDON: Following the announcement on 9 March 2020 that Tesco had agreed to sell its businesses in Thailand and Malaysia to C.P. Retail Development Company Limited (CPRD) and further to the announcement on 6 November, Tesco is pleased to confirm that CP Group has now reviewed and is satisfied with the formal notice of approval…
Moelis Australia to acquire Kinselas and Courthouse Hotels for $67 million
SYDNEY: Moelis Australia Limited (MOE:ASX) has exchanged contracts to acquire the Kinselas Hotel and the Courthouse Hotel for $67 million, excluding transaction costs. The two adjoining properties combine to create a prominent development opportunity in Taylor Square, Darlinghurst, Sydney. The Kinselas Hotel and the Courthouse Hotel will be acquired by the MA Taylor Square Fund…
Australiansuper offers to buy Infratil
SYDNEY: Tilt Renewables Limited (TLT) notes that AustralianSuper has approached Infratil (IFT) proposing a scheme to acquire 100% of IFT. In its response rejecting the proposal, IFT noted that the proposal materially undervalues the significant renewable energy and digital infrastructure platforms held by IFT and contained material conditions. Given IFT’s rejection of the proposal, there…
Cloudberry contemplates private placement to finance growth
OSLO: Cloudberry Clean Energy AS is contemplating to raise gross proceeds of between NOK 300 and NOK 500 million by issuing new shares in the Company through an accelerated bookbuilding process. Cloudberry Clean Energy AS has retained Carnegie AS and Pareto Securities AS as Joint Lead Managers and Joint Bookrunners to advise on and effect…
Cloudberry Clean Energy AS
Cloudberry Clean Energy AS is a Nordic renewable energy company, owning, developing, and operating hydro power plants and wind farms in Norway and Sweden. The Company`s purpose is to provide clean renewable energy for future generations, developing a sustainable society for the long term and creating value for our stakeholders. The Company believes in a…
Jeffrey A. Bluestone joins Gilead Sciences’ Board of Directors
FOSTER CITY: Gilead Sciences Inc. announced today that Jeffrey A. Bluestone, PhD, has been appointed to the company’s Board of Directors. Dr. Bluestone is the President and Chief Executive Officer of Sonoma Biotherapeutics and the A.W. and Mary Margaret Clausen Distinguished Professor of Metabolism and Endocrinology at the University of California San Francisco. He is…
Qvest Group acquires OnPrem Solution Partners LLC
LOS ANGELES: The Qvest Group, a world-leading systems architect and ICT integrator, announced the acquisition of the majority of OnPrem Solution Partners LLC, a highly reputed consultancy across the media and entertainment supply chain in the USA. OnPrem’s expertise in business and technology consulting, especially its focus on the digital media supply chain, will complement…
AeroVironment acquires German leader in ground robotic solutions, Telerob
SIMI VALLEY: AeroVironment Inc. has entered into an agreement to acquire Telerob Gesellschaft für Fernhantierungstechnik mbH for approximately $45.4 million (€37.5 million) in cash, and will pay-off approximately $9.4 million (€7.8 million) in Telerob’s debt at closing. Telerob’s shareholder has the potential to receive an additional earn-out over three years of up to approximately $7.3…