When it comes to investing, there are many different options available. However, one type of investment that seems to be easier to understand than many others is investing in property. Whether it’s a house or a unit, investing in property can be a great way to make money. Of course, as with any type of…
Ian Smyth appointed CEO of Electricity North West Limited
LONDON, UK: The Board of Directors of ENW Finance plc announced the appointment of Ian Smyth as Chief Executive Officer of Electricity North West Limited, and director of ENW Finance plc. Ian will succeed Peter Emery, who announced earlier this month that he wished to step down once a suitable successor had been identified. Ian…
Aquirian Limited to acquire Cybem Mechanical Services for of $3mn
SYDNEY, AUSTRALIA: Aquirian Limited (ASX: AQN) has entered into a binding agreement to acquire the business and assets of Cybem Mechanical Services Pty Ltd for an enterprise value of $3 million. The acquisition represents an operating EBITDA multiple of 2.89×1 (pre synergies and integrations costs), and allows for further significant efficiencies to be leveraged, with…
Dexus to acquire Collimate’s real estate & equity business for $450mn
SYDNEY, AUSTRALIA: Dexus, Australia’s leading fully integrated real estate groups, has entered into a Share Sale and Purchase Agreement (SPA) with Collimate Capital Limited to acquire Collimate’s real estate and domestic infrastructure equity business. Collimate Capital Limited is a subsidiary of AMP Limited. The consideration comprises a $250 million upfront cash payment and earn out…
PSC Insurance acquires Alan Wilson Insurance Brokers for $17.5mn
SYDNEY, AUSTRALIA: PSC Insurance Group (ASX: PSI) has entered into a binding agreement to acquire 100% of the share capital of AWIB Pty Ltd t/as Alan Wilson Insurance Brokers (AWIB). The purchase price is $17.5 million, payable in cash upon completion. The completion is subject to a number of customary conditions, and the acquisition is…
Octopus acquires stake in Lincs Offshore Wind Farm
LONDON, UK: Octopus Renewables Infrastructure Trust plc has entered into an agreement to acquire a 7.75% ownership interest in the Lincs Offshore Wind Farm. Lincs, located off the east coast of England, has been operational since 2013 and benefits from the UK’s ROC regime, receiving 2 ROCs per megawatt hour of electricity generation during the…
Tees Valley Lithium to establish Lithium Hydroxide production at Wilton International Chemical Park, UK
LONDON, UK: Alkemy Capital Investments announced the completion of a Feasibility Study for a world class lithium hydroxide processing facility at the Wilton International Chemical Park located in the Teesside Freeport, UK. Alkemy, through its wholly owned subsidiary Tees Valley Lithium, is seeking to develop an independent and sustainable supply of lithium hydroxide to meet the…
LondonMetric Property buys two urban logistics properties for £29 million
LONDON, UK: LondonMetric Property Plc announced the acquisition of two urban logistics properties for £28.8 million, in separate transactions, reflecting an anticipated blended yield of 4.5% and a reversionary yield of 5.0%. The properties are expected to generate a rent of £1.4 million p.a. and comprise: · a 125,000 sq ft urban logistics forward fund development…
Greenstat and Everfuel to develop Hydrogen Hub in Kristiansand, Norway
HERNING, DENMARK: Everfuel and Greenstat will, in a joint venture, establish a hydrogen hub in Kristiansand, Norway. Following up on the cooperation agreement entered in July 2021, Greenstat and Everfuel now announce that they are actively pursuing to establish a hydrogen hub in Kristiansand, Norway. Greenstat is a Norwegian company with shared registered in the…
Immotion signs first major Zoo Agreement for Gorilla Trek
LONDON, UK: Immotion Group, the UK-based immersive entertainment group, has signed a three-year agreement for the installation of a 24 seat Gorilla Trek VR Theatre at Pittsburgh Zoo & PPG Aquarium. Working in association with the Dian Fossey Gorilla Fund, the world’s oldest gorilla conservation organization, Immotion filmed this ground-breaking content on location in Volcanoes…
Graham Prothero resigns from Vistry Group to become CEO at MJ Gleeson Plc
LONDON, UK: Vistry Group announced that Graham Prothero has resigned as Chief Operating Officer and as a Director of the Company with effect from 31 December 2022, to take up the position of CEO at MJ Gleeson PLC. Graham will remain focused on the delivery of the Company’s performance for 2022 and during Q4 shall…
TotalEnergies is acquiring Austin-based Core Solar LLC
PARIS, FRANCE: TotalEnergies is acquiring Austin-based Core Solar LLC whose portfolio includes more than 4 GW of utility-scale solar and energy storage projects at various stages of development across several U.S. states and power markets. Core Core Solar’s CEO Greg Nelson and his employees will join TotalEnergies’ teams. Vincent Stoquart, Senior Vice President Renewables at…