LONDON: Mendell Helium has announced that M3 Helium Corp. has acquired interests in three additional wells on the western side of the Hugoton gas field in Kansas. Two of these wells are currently in production, while the third is considered suitable for conversion into a water disposal well. Following this acquisition, M3 Helium now holds…
Workspace announces disposal of Raynes Park mixed-use redevelopment
LONDON: Workspace Group PLC, London’s leading provider of sustainable, flexible workspace, is pleased to announce it has exchanged on the sale of Rainbow Industrial Estate, a redevelopment site in Raynes Park. Workspace secured planning consent for a mixed-use redevelopment of the site comprising 224 residential units and 37,000 sq. ft. of new light industrial space.…
Empresaria sells 51% stake in Japanese subsidiary Fines Tokyo K.K.
LONDON: Empresaria, the global specialist staffing group, has sold its 51% stake in its Japanese subsidiary, Fines Tokyo K.K., to Fines Holdings K.K. The sale was completed on October 18, 2024. Fines Holdings, which owned 100% of Fines Tokyo, repaid JPY 50 million (about £253,000) of a JPY 90 million (about £455,000) intercompany balance to…
Over the past decade, net FDI in Pakistan averaged $2 billion annually
While Foreign Direct Investment (FDI) has been seen as a key driver of economic growth, infrastructure development, and job creation, the Pakistan Business Council (PBC) has criticized Pakistan’s approach as unfocused and overly reliant on FDI aimed at exploiting local markets rather than enhancing exports. Historically, Pakistan has attracted market-seeking FDI, primarily serving its domestic…
WOTSO FlexSpace to open first Melbourne site in historic Bank House
SYDNEY: WOTSO FlexSpace will launch its first Melbourne site early next year, having acquired an entire floor in the historic Bank House, part of the Bank Place heritage precinct in Melbourne’s CBD. Jessie Glew, CEO of WOTSO Property, stated that Melbourne has been the missing link in WOTSO’s network of 28 locations across Australia and…
Intelligent Monitoring Group’s subsidiary ADT has acquired DVL for $7 million
SYDNEY: Intelligent Monitoring Group (IMG) subsidiary ADT has entered into a binding sale and purchase agreement today to acquire all of the shares in DVL. DVL is a Perth based provider of high-quality and leading-edge electronic security solutions, including: CCTV equipment, security and access control equipment, specialist detection and surveillance equipment, as well as monitoring…
Steadfast Group expands in London market with H.W. Wood acquisition
SYDNEY: Steadfast Group has announced its acquisition of H.W. Wood Limited and HWI France, expanding its capabilities in the London market. H.W. Wood, established in 1982 and a Lloyd’s broker since 2003, is a well-known independent insurance broker based in London. The company provides wholesale, retail, and reinsurance solutions in areas such as international marine…
Charger Metals acquires remaining 30% of the Bynoe Lithium Project
SYDNEY: Charger Metals NL (ASX:CHR) has exercised its pre-emptive right to acquire the remaining 30% of the Bynoe Lithium Project in the Northern Territory from Livium Ltd (formerly Lithium Australia Limited) for $500,000 cash consideration. The exercise of the pre-emptive right follows a sale agreement between Core and Livium for Core to acquire the 30%…
Saint-Gobain and Boralex sign a long-term renewable electricity purchase agreement in France
PARIS: Boralex Inc. (TSX: BLX) and Saint-Gobain (EPA: SGO) have announced the signing of a 20-year renewable electricity purchase agreement (“Power Purchase Agreement” or PPA) in France, involving three power plants developed, built, and operated by Boralex. The combination of wind and solar technologies will provide Saint-Gobain’s industrial operations in France with a renewable electricity…
Vodafone Spain and Telefónica de España to create a new fibre network company in Spain
LONDON: Zegona Communications plc (LSE: ZEG) announced Vodafone ONO, S.A.U. (Vodafone Spain) and Telefónica de España, S.A.U. have today signed a binding contract to create a new fibre network company in Spain. Earlier this year, Zegona announced it had signed non-binding agreements to create FibreCos with both Telefonica and MasOrange and a non-binding agreement for…
Hammerson acquires remaining 50% stake in Westquay for £135 million
LONDON: Hammerson plc today announced the completion of the acquisition of the remaining 50% stake in Westquay for £135m. This gives the Company a 100% interest in a leading retail and leisure destination situated in the heart of the South Coast, which is A rated by Green Street. The consideration will be funded by the…
LendInvest completes sixth securitisation of £285 million UK prime buy-to-let and owner-occupied mortgage loans
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 its Mortgages division. The £285m oversubscribed transaction, “Mortimer 2024-Mix Plc” received Aaa(sf) and AAA(sf) ratings…