Abu Dhabi, UAE: Aldar Properties, the UAE’s leading real estate developer, investor, and manager, has announced a strategic partnership with Carlyle (NASDAQ: CG), a global investment firm, to invest in logistics and self-storage assets in Europe. The partnership is part of Aldar’s international expansion plan, which aims to diversify its portfolio and tap into high-growth…
PARIS, FRANCE: Generix Group, Industrial, Logistics and Retail Ecosystems provider with leading Collaborative SaaS Solutions, announced that it has acquired 100% of its subsidiary Generix Group Portugal. On March 31, 2022, Generix Group acquired the 50% stake in its subsidiary Generix Group Portugal that was previously held mainly by the founding manager, thus increasing the…
OSLO, NORWAY: The Posten-owned company Frigoscandia AB (formerly Bring Frigo AB) in Sweden is sold to the Germany based investment company Mutares. Posten Norge AS and Mutares signed an agreement yesterday regarding the sale of the shares in Frigoscandia AB to Mutares. The sale is subject to approval by the Swedish Competition Authority. Frigoscandia AB…
ABU DHABI, UAE: Aramex, the Emirati multinational logistics company, plans further diversification and strengthen its global network to be resilient to deal with the challenges, such as supply chain disruptions. Othman Aljeda, Group Chief Executive Officer, Aramex, said: “Over the last few months, we have witnessed an almost complete return to pre-Covid operating environment and…
KARACHI, PAKISTAN: TPL Group backed Rider, a tech-led last mile delivery partner for e-commerce retailers, has raised $2.3 million in a seed round led by venture capital (VC) firm Global Founders Capital, Fatima Gobi Ventures and Asian Development Bank. TPL E-Ventures and Transhold also participated. The Karachi-based B2B2C service was launched in 2019 by Salman…
OSLO: Hexagon Agility, a business of Hexagon Composites, signed a master services agreement in October 2019 with UPS, the world’s largest package delivery company, to supply compressed natural gas (CNG) and renewable natural gas (RNG) fuel systems for medium and heavy-duty trucks as well as terminal tractors, a news release said. Hexagon Agility has received…
Clipper Logistics plc is a retail logistics company based in Leeds which serves retailers selling fashion, tobacco, alcohol and other high-value goods in the UK and Europe. It has 47 sites across Europe. Clipper has been a sponsor of Leeds United football club since 2017. Type: Public Limited Company Traded as: LSE: CLG, FTSE…
LONDON: Wincanton plc, the largest British third-party logistics company, has successfully extended its relationship with Morrison Supermarkets PLC. Morrisons has awarded Wincanton the management of their transport and VMU operations at Willow Green, Bridgwater, which will commence later this year. This substantial contract extension will involve the TUPE transfer of over 250 colleagues from the…
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…
NOVOSIBIRSK: X5 Retail Group, a leading Russian food retailer, has expanded its logistics infrastructure in the Siberian Federal District with a Pyaterochka distribution centre (DC) in Novosibirsk. The 38,500 sq m Tolmachevo DC will be used by Pyaterochka stores in the Novosibirsk, Omsk, Tomsk and Kemerovo regions, Krasnoyarsk and Altai territories, and the republics of…