LONDON, UK: Energean plc has entered into an exclusivity arrangement with an affiliate of Kerogen Capital regarding a potential acquisition of Kerogen’s 30% shareholding in Energean Israel Limited. On 7 December 2020, Energean and Kerogen entered into an agreement granting a 30-day period of exclusivity for the purposes of negotiating the Potential Transaction. The terms…
Asimilar Group makes further investment in Magic Media Works
LONDON: Asimilar Group plc announced a further investment of £298,204 in to Magic Media Works Ltd (MMW) via a subscription to 298,204 loan notes of £1.00 each. Interest will be paid on the loan notes at 5%, payable annually in arrears on the anniversary of the loan note subscription. The loan notes expire on 31…
Warehouse REIT acquires Granby Industrial Estate in Milton Keynes for £17.5 million
LONDON: Warehouse REIT has acquired Granby Industrial Estate in Milton Keynes, comprising 24 urban logistics and trade counter units. The purchase price of £17.5 million reflects a net initial yield of 5.7%. Granby Industrial Estate benefits from a highly prominent position opposite two of Milton Keynes’ most popular leisure destinations, MK Dons Football Stadium and…
Marlowe plc acquires Network of Staff Supporters Limited
LONDON: Marlowe plc, the specialist services group focused on developing companies which assure safety and regulatory compliance, has acquired Network of Staff Supporters Limited (NOSS) for an initial consideration of £0.7 million, a news release said. NOSS, established in 1996, is headquartered in Wrexham and provides Employee Assistance Program (EAP) services including counselling, critical incident…
CLS Holdings announces £55.9 million acquisitions in Berlin and Watford
LONDON: CLS Holdings Plc has unconditionally exchanged contracts to acquire two office properties in Berlin, Germany, and Watford, United Kingdom, for a combined total of £55.9 million excluding costs. Both acquisitions will complete in early 2021. The first property, Kaiserin-Augusta-Allee 112 & 113 (‘Goldstuck’), is a six-storey office composed of two adjoined buildings located in…
Dr Anne Brindley appointment Chief Executive Officer of Nuformix plc
CAMBRIDGE: Nuformix plc announced the appointment of Dr Anne Brindley as Chief Executive Officer “CEO” and Executive Director of the Company with immediate effect. Anne has over 30 years’ experience in Big Pharma, Biotech and smaller R&D companies, with a proven international track record of leading organisations through strategic change and driving projects and portfolios…
Brickability Group acquires McCann Limited
LONDON: Brickability Group plc, a leading construction materials distributor, has completed the acquisition of McCann Limited, the UK and European haulage and logistics provider. The total consideration payable for McCann is £1,750,000 of which £1,225,000 was paid on completion with a further £525,000 payable over the following three years at £175,000 per annum. McCann specialises…
CapitaLand forms $300m joint venture to scale multifamily asset portfolio in USA
SINGAPORE: CapitaLand has formed a programmatic joint venture to scale its multifamily asset portfolio in the United States of America (USA), a news release said. Through the joint venture, CapitaLand will have a strategic arrangement with its joint venture partner to acquire and develop multifamily assets totalling US$300 million (S$416.1 million) in gross asset value….
Shearwater awarded Bay of Bengal 3D survey for Reliance in India
OSLO: GC Rieber Shipping ASA‘s 19% owned geoservices company Shearwater GeoServices Holding AS announced the award of a 3D seismic acquisition contract in the Bay of Bengal, India by Reliance Industries Ltd. The survey is scheduled to commence in Q1 2021 and covers 1,500 sq. km of block KG-UDWHP-2018/1 in the Krishna-Godavari basin and will…
The Place Holdings enters into a strategic framework agreement with MCC Land
SINGAPORE: The Place Holdings Limited announced strategic framework agreement with MCC Land (Singapore) Pte. Ltd. that was established for a long term and mutually beneficial relationship in relation to potential and upcoming construction and development of residential and commercial property projects, projects management, as well as development and management of cultural tourism projects. Since 2016,…
The Place Holdings Limited
Listed on the Mainboard of the Singapore Exchange, The Place Holdings Limited, is an investment holding company with 3 core business pillars: 1. Property development and property management activities 2. Integrated tourism and related “new retail” businesses 3. Media, advertising and branding platform businesses The Group is backed by the key management team of The…
Sinovac secures $500 million Funding for COVID-19 vaccine development
BEIJING: Sinovac Life Sciences Co., Ltd. has secured approximately US$500 million in funding for further development, capacity expansion and manufacturing of the CoronaVac, its COVID-19 vaccine candidate, as well as conduct other development and operational activities, a news release said. The investor, Sino Biopharmaceutical Limited, a leading innovative research and development driven pharmaceutical conglomerate in…