LONDON: The Unite Group, one of the UK’s leading owners, developers and managers of student accommodation, announced the disposal of two assets for £100 million to the Unite UK Student Accommodation Fund (USAF), representing a net initial yield of 5.5%. The assets are located in Birmingham and Newcastle and comprise a total of 1,155 beds….
Mercia announces significant contract for OXGENE
LONDON: Mercia Asset Management, the proactive, regionally focused specialist asset manager, confirmed that its portfolio company OXGENE, formally known as Oxford Genetics, has augmented its relationship with one of the world’s leading global life science companies, Abcam plc. This expanded agreement, which follows an earlier deal announced in August 2018, will see OXGENE deliver at…
Equals Group signs agreement with Mastercard
LONDON: Equals Group PLC, the e-banking and international payments group, has entered into a new 5-year agreement with Mastercard. Under the deal, Mastercard will provide assistance to Equals to grow its various card-based businesses through improved economic terms based on transaction volumes and also assist in the process of Equals becoming an issuer of all…
Samruk Kazyna announces intention to sell GDRs
NUR-SULTAN, KAZAKHSTAN: Joint-Stock Company Samruk-Kazyna has, announced its intention to sell approximately 6.5 million global depositary receipts (GDRs) representing interests in ordinary shares of the Company. The Placing Securities represent approximately 2.5% of the Company’s issued share capital. The Placing Securities are being offered by way of an accelerated book-build through the London Stock Exchange…
Bank of Georgia launches a digital solution for MSME sales and operations
LONDON: Bank of Georgia Group announces the launch of Optimo – a digital solution for customers to run their business sales and operations. The Optimo platform is designed to address the needs of micro, small and medium sized enterprises in optimising their day-to-day operations and better managing their businesses in general. Optimo’s cutting-edge digital solution,…
Workspace appoints Graham Clemett as Chief Executive Officer
LONDON: Workspace Plc has announced the appointment of Graham Clemett as Chief Executive Officer (CEO) with immediate effect. Graham has been serving as Interim CEO since June 2019, when his predecessor Jamie Hopkins stepped down. Graham has been with Workspace for over 12 years, having joined the Board as Finance Director in July 2007. Daniel…
Begbies Traynor acquires Regeneratus Consulting
LONDON: Begbies Traynor Group, the business recovery, financial advisory and property services consultancy, announces the acquisition of the entire issued share capital of Regeneratus Consulting, which is an Exeter based advisory practice with particular expertise in restructuring, turnaround and legal issues. Founded by Rob Insall in 2016, it reported annual revenue of £0.6 million and…
Tritax EuroBox acquires two new big box logistics assets in Germany for €60.3 million
FRANKFURT: Tritax EuroBox plc, which invests in Continental European logistics real estate, has acquired two prime, modern logistics facilities in the GVZ Freight Village of Bremen in Germany for a total consideration of €60.3 million, reflecting a net initial yield of 4.8%. Purpose-built in 2013 and 2019 respectively, these two high specification facilities have a…
Ilika opens large format battery facility in Hampshire
LONDON: Ilika Plc, a pioneer in solid-state battery technology, has opened its new large format battery facility (Goliath Pre-Pilot Line, or ‘GPPL’), for the development and initial production of solid-state batteries in Hampshire, UK. The objective of Ilika’s Goliath programme is to develop large format solid-state batteries for electric vehicles. Ilika has established this new…
Botswana Diamonds signs Marsfontein mining contract
DUBLIN: Botswana Diamonds announced that, together with its associate Vutomi, it has signed a contract mining and processing agreement with Eurafrican Diamond Corporation (EDC) to mine and process the diamond-bearing gravels and residual stockpiles on a portion of the Marsfontein farm. The agreement gives EDC a contract for the mining and processing of the identified…
Mos Bros launches eco suit
LONDON: Moss Bros Group PLC, the first choice for men’s tailoring, announced the launch of the eco suit, a suit that helps Moss Bros’ customers do their bit for the environment. The eco suit is cut from recycled polyester-blend cloth with canvas and trims that have been consciously chosen for their low impact on the…
Graham Wheeler appointed CEO of Advantage Finance
LONDON: S&U plc, the specialist motor finance and bridging lender, announces the appointment of Graham Wheeler as CEO of S&U’s market leading motor finance business, Advantage Finance. Graham joins the Company on 1st October 2019. Graham will take the reins at Advantage Finance from Guy Thompson, who is planning to retire in 2020. Guy was…