LONDON: Great Portland Estates plc (GPE) announced the acquisition of the special purpose company holding the long leasehold interest of Whittington House, WC1 for a total consideration of £58.5 million (£785 per sq ft on current NIA), subject to further balance sheet adjustment post completion. The building is currently let on a short-term basis, at…
DP World Australia announces acquisition of Silk Logistics
DUBAI, UAE: DP World Australia, a subsidiary of DP World, announces it has entered into a binding Scheme Implementation Deed for the acquisition of 100% of the issued share capital of Silk Logistics Holdings Limited via a Scheme of Arrangement with a cash offer of A$2.14 per share. The transaction values the equity of Silk…
Silverbullet Data Services Group acquires intellectual property rights from Codec AI
LONDON: Silverbullet Data Services Group (AIM: SBDS), a provider of AI driven digital transformation services and products, has acquired certain intellectual property rights (IPR) from Spore London Limited (Codec AI) for a cash consideration of £50,000 payable in two tranches, plus an earnout of 10% of net revenues generated from the technology up to 31…
Fonterra announces plans to sell consumer businesses
SYDNEY: Fonterra Co-operative Group Ltd has announced its decision to proceed with the sale of its global Consumer business, along with its integrated businesses in Fonterra Oceania and Fonterra Sri Lanka. The decision follows a detailed scoping phase. CEO Miles Hurrell stated that since their announcement in May 2024, Fonterra has been working with advisors…
HMC Capital to acquire iseek, an Australian co-location data centre platform, for $400 million
SYDNEY: HMC Capital Limited (ASX: HMC) has announced an agreement to acquire iseek, an Australian co-location data centre platform, for $400 million. This acquisition aligns with HMC’s plan to create a Global Digital Infrastructure Platform, known as DigiCo. HMC has secured $2.5 billion in strategic assets in Australia and is conducting due diligence on an…
M3 Helium acquires further producing wells in the Hugoton gas field
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…