LONDON: Prologis Inc. and SEGRO plc announced they have reached agreement on a recommended share offer with a partial cash alternative valued at approximately £14 billion, creating what would be the world’s largest logistics real estate investment trust. The combination, to be effected…
LONDON – Valereum Plc, a U.K.-based fintech company, announced Monday a $200 million investment partnership with Valereum QGP-SP, a move the company said will significantly strengthen its balance sheet and accelerate its growth strategy, including a target listing on a major…
LONDON: Hammerson plc today announces the acquisition of the remaining 50% interest in The Oracle, Reading, alongside a strong year-to-date trading performance and upgraded EPRA earnings guidance for FY25. Acquisition of The Oracle · Completion of the acquisition of the remaining…
MONTEVIDEO: Atlantica Sustainable Infrastructure Ltd. has officially acquired a 132-mile transmission line in Uruguay, further strengthening its footprint in the region. This transmission line, operational since 2019, is under a lease agreement with Uruguay’s state-run electricity company, UTE, until 2049. As part…
LONDON: LendInvest plc (LSE: LINV), the UK’s leading platform for property finance and the parent company of LendInvest BTL Ltd and LendInvest Loans Limited, today announced the successful completion of its sixth securitisation in prime UK property loans originated by…
LONDON: Supermarket Income REIT plc (LSE: SUPR), the real estate investment trust providing secure, inflation-linked, long income from grocery property, announced the acquisition of a portfolio of Carrefour supermarkets in France through a sale and leaseback transaction (“SLB”), for a…
LONDON: Helios Towers plc, the independent telecommunications infrastructure company, announced Moody’s Investors Service has upgraded the Company’s long-term corporate family rating from B2 to B1 with a stable outlook. The rating on Helios Towers’ 7.000% Senior Notes due 2025 was…
DUBAI: In the third quarter of 2023, the Gulf International Bank’s dedication and commitment to achieving strategic objectives resulted in a remarkable 255% increase in net profit attributable to the Bank’s shareholders, totalling $41.2 million for the quarter, surpassing the…
UNITED ARAB EMIRATES: National Bank of Umm Al Quwain (NBQ) has reported a net profit of AED 385 million for the 9-months period ended on 30 Sep 2023, reflecting a 48% increase compared to the AED 260 million for the…
Moody’s downgrades Israel’s outlook from “positive” to “stable” following recent protests against proposed changes in the judicial system. The overall A1 rating remains in place, but the downgrade could result in Israel having to pay higher rates to potential borrowers,…
MECHELEN, BELGIUM: Biocartis Group NV, a molecular diagnostics company listed on Euronext Brussels, has announced changes to its executive management team. Roger Moody has been appointed as the new Chief Executive Officer, effective from April 24, 2023. Herman Verrelst, the…
DUBAI, UAE: Dubai Islamic Bank PJSC (DIB), rated A3 by Moody’s and A by Fitch successfully priced its inaugural Sustainable Sukuk – a landmark USD 750 million 5-year senior issue with a profit rate of 5.493% per annum representing a…