Finance

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RO Capital Partners Backs AI Liquid Sensor Business

RO Capital Partners (ROCP), the RO Group’s venture capital arm, has led an investment round in AI and machine learning liquid sensor business InferSens alongside the Oxford Innovation Fund and Bruce Melizan, the former managaing director of  Interserve’s support services division.  ROCP’s contribution comprises £309,000 of the total £870,000 raised, which will be used as…

News

Aramark Recognizes Community Volunteers

With National Volunteer Month underway in the United States, Aramark is recognizing several outstanding employee volunteers from around the world for their service to local communities during the Covid-19 pandemic. The group’s Be Well. Do Well sustainability plan outlines Aramark’s goal of making a positive impact by working to reduce inequity, supporting and growing communities,…

News

DRC Savills Investment Management Finances Blackbrook Spanish Supermarket Portfolio

Funds advised by European investment fund advisor, DRC Savills Investment Management LLP (DRC SIM), financed a portfolio of 21 supermarket assets owned by Blackbrook Capital (Blackbrook). Blackbrook were advised by the EMEA Cushman & Wakefield Debt and Structured Finance (C&W) team on the financing. The portfolio is subject to long-term triple net leases to Eroski,…

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Senior NatWest Hire Enhances Leumi UK Property Finance Capabilities

Leumi UK, the London-based subsidiary of Duns 100 Israeli commercial bank, Bank Leumi, has hired NatWest director Chris Stallard as a relationship manager to support the lending ambitions of its property finance desk.  Stallard brings 20 years’ banking experience – over a decade of which has been spent advising on real estate lending. At NatWest…

News

ASM Global to Manage Olympia London

ASM Global has been selected to manage Olympia London as it undergoes a dramatic transformation as one of Europe’s most historic exhibition venues.     The announcement is a critical step in the redevelopment of Olympia London and will see ASM Global take management responsibility for the exhibitions and events business. The move expands ASM’s…

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Rating Action: Moody’s Upgrades Hammerson Outlook from Negative to Stable

Moody’s Investors Service (Moody’s) has today affirmed the Baa3 issuer rating and the Baa3 senior unsecured ratings of Hammerson Plc (Hammerson). At the same time, the rating agency has affirmed the Baa3 backed senior unsecured rating of Hammerson Ireland Finance DAC. The outlook of both entities has been changed to stable from negative. Rating-Action-Moodys-changes-Hammersons-outlook-to-stable-from-negative-affirms-Baa3-ratings-04Feb22-1

News

Celebrating Hispanic and Latinx Culinary Talent

16.09.2021, 07:47 Celebrating Hispanic and Latinx Culinary Talent Aramark is recognising the contribution of Hispanic and Latino American employees through two initiatives dedicated to Hispanic Heritage Month in the United States. Launched by Congressman George E. Brown in 1968 in appreciation of the cultural and economic contribution of U.S. citizens whose families originated from Mexico, Spain, the…

News

DRC Embraces a Sustainable Energy Future

31.08.2021, 00:17 DRC Embraces a Sustainable Energy Future The government of the Democratic Republic of Congo has entered into a Memorandum of Understanding with Eurasian Resources Group to mobilise US $300 million of investment in new battery storage and photovoltaic capabilities. The agreement, which was confirmed at a signing ceremony attended by Nicolas Kazadi, DRC’s…

News

Compass Group Announces New CFO

02.08.2021, 09:49 Compass Group Announces New CFO Gareth Sharpe will succeed Sarah Sergeant as Compass Group UK & Ireland Chief Finance Officer. Sharpe joins the company from Tesco, where he served most recently as CFO for Asia during a 9-year career with the multinational groceries and general merchandise retailer that included time in the UK…

News

CBRE Announces Senior Internal Appointments

29.07.2021, 13:02 CBRE Announces Senior Internal Appointments CBRE has promoted Emma Giamartinoto to the position of Global Group President, Chief Financial Officer & Chief Investment Officer, and appointed Vikram Kohli as Global Group President for Business Intelligence.   Giamartino previously served as the group’s Chief Investment Officer, with Kohli serving as SVP Business Insights &…

News

Championing Young Talent

11.05.2021, 15:37 Championing Young Talent The inaugural Aramark Young Professionals 40 Under 40 Awards have recognised the talent and commitment of individuals nominated by leadership teams across the enterprise. Awards were presented during a special virtual symposium of the Aramark Young Professionals (AYP) employee resource group which engages and develops young professionals – one of the…

News

Renters Face Significantly Higher Housing Costs

11.05.2021, 11:53 Renters Face Significantly Higher Housing Costs Housing costs are felt more by households that rent, according to new research by Vienna University of Economics and Business. The study which was led by Professor Emanuel List and Associate Professor Wilfried Altzinger from the university’s Institute for Money and Finance investigated the financial burden housing costs…

News

Breaking Ground with the U.S. Consulate General in Casablanca

16.03.2021, 20:52 Breaking Ground with the U.S. Consulate General in Casablanca The Miller Hull Partnership, LLP, an internationally recognized architecture and planning firm, recently marked the groundbreaking of the new United States Consulate General in Casablanca, Morocco.   The new U.S. Consulate General will be in Casa Anfa, a redevelopment of the 865-acre former Anfa…

News

Acquisition Finance Raised for Residential Complex

29.01.2021, 07:16 Acquisition Finance Raised for Residential Complex Cushman & Wakefield has raised acquisition debt and joint venture equity financing for a 48-unit apartment complex in Boulder, Colorado. The purchase transaction for Glenwood Village Apartments at 2747 Glenwood Ct closed with an equity investment of US $11,000,000 and debt financing of US $7,000,000 with a…

News

Scrap UK Reverse Charge VAT Proposals

19.01.2021, 14:10 Scrap UK Reverse Charge VAT Proposals SELECT, Scotland’s largest construction industry body, is joining other leading trade associations in again calling on UK Chancellor Rishi Sunak to withdraw ‘damaging’ Reverse Charge VAT legislation proposals.   It is the second time the influential trade bodies have felt the need to press the case for…

News

FSU Dining Services Contract

10.12.2020, 19:17 FSU Dining Services Contract Aramark will assume responsibility for dining services at Florida State University after Sodexo’s early termination of a contract worth an estimated US $31 million annually. Under the agreement, Aramark will serve students, faculty, staff and visitors from more than 30 campus eateries, catering and athletic dining halls. FSU previously…

News

Loo of the Year Awards 2020

08.12.2020, 17:56 Loo of the Year Awards 2020 Axis Cleaning and Support Services has added to its tally of Loo of the Year Awards, after being chosen as a recipient in six categories, including “UK Washroom Cleaner of the Year”. The awards celebrate the best washrooms in the UK as adjudged by their quality and…

News

Baldwin Boxall Finance Director Retires

30.10.2020, 10:12 Baldwin Boxall Finance Director Retires Life safety systems manufacturer Baldwin Boxall has announced the retirement of Finance Director, Neil Williams, following thirteen years of service. Life safety systems manufacturer Baldwin Boxall has announced the retirement of Finance Director, Neil Williams, following thirteen years of service. Williams, who will be succeeded by Richard Frost…

News

Refinancing of Eighteen Capital Group Residential Portfolios

20.10.2020, 18:17 Refinancing of Eighteen Capital Group Residential Portfolios Cushman & Wakefield has refinanced a loan on a nine-property apartment portfolio totaling 1,969 units in Arkansas, Texas, South Carolina, Indiana and Missouri. The US $108,000,000 cash-out refinancing deal involved a 10-year loan with interest only payments for the first two years, a fixed coupon of…

News

Stark Group Selects IFRS 16 Lease Accounting Solution

17.09.2020, 13:50 Stark Group Selects IFRS 16 Lease Accounting Solution Stark Group, the largest retailer and distributor of building materials in the Nordic region, is implementing Planon Universe for Financial Professioanls to help it comply with IFRS 16 lease accounting standards. Established in 1896 with headquarters in Denmark, Stark Group has been continuously developing and…

News

Metro Atlanta Residential Development Refinanced

20.08.2020, 17:38 Metro Atlanta Residential Development Refinanced Cushman & Wakefield Denver’s Equity, Debt & Structured Finance Group has arranged a US $16.26 refinancing loan for Concord Chase Apartments, a 224-unit community development in Smyrna, Georgia owned by Eighteen Capital Group. Located at 300 Hurt Rd SE, the complex is situated approximately 10 miles northwest of…

News

ServiceMaster Names New CEO

06.08.2020, 13:48 ServiceMaster Names New CEO ServiceMaster has completed its search for a new Chief Executive Officer with the appointment of Brett T. Ponton who is expected to assume his new position on or before 1 October 2020. Ponton takes over from Chairman, Naren Gursahaney, who has held the post of Interim CEO after the…

News

PSNI Global Alliance Quality Cup

18.06.2020, 12:00 PSNI Global Alliance Quality Cup Samsung, Shure, SYNNEX, Biamp and Chief have been recognised with “Quality Cup” awards by the PSNI Global Network of AV system integrators and manufacturers. The awards are based on a survey of PSNI members worldwide which measures overall levels of satisfaction with key areas of PSNI’s Preferred Vendor Partners (PVPs) programme.…

Events

SME Forum to Colocate with AIM 2020 (Dubai, 24-26 March)

05.03.2020, 15:07 SME Forum to Colocate with AIM 2020 (Dubai, 24-26 March) The UAE Ministry of Economy will highlight the contribution of smaller businesses to the global digital economy at the SME Forum and Exhibition held with FM Industry partner event, the Annual Investment Meeting (AIM), from 24 to 26 March.   Organised by the…

Blog

Keeping Green Construction Safe

27.02.2020, 10:41 Keeping Green Construction Safe Klaus Allion, ANT Telecom managing director, says lone worker devices are assuming critical importance as a greener construction industry transitions to novel but frequently less understood building techniques and technologies. Sustainability is a topical issue for every industry and as such, the rate of businesses that are taking part…

News

Compass Announces Key Appointments

25.02.2020, 12:03 Compass Announces Key Appointments Compass Group has strengthened its UK & Ireland Executive team following a series of senior appointments. Joining as Chief Marketing Officer (CMO) is Ian Cranna who spent 25 years at Starbucks. As Compass sharpens its focus on how it can utilise its scale and breadth to enhance the health…

Events

Improving Community Life at Christmas

16.12.2019, 11:11 Improving Community Life at Christmas More than half of 2,839 small businesses surveyed by Hitachi Capital Business Finance in the UK are participating in initiatives to support their local community.   On average, small enterprises indicated they dedicate 12.96 hours a month towards helping to improve the communities they are located within –…

Blog

Destructive Workplace Paper Waste

10.12.2019, 13:42 Destructive Workplace Paper Waste Mark Harper of HSM UK provides insight into how and why businesses need to introduce and maintain the correct processes when disposing of paper waste, to ensure they don’t get into hot water.   In a busy, working environment it’s easy for sensitive data to land in the wrong…

News

Supporting Successful Mums

21.10.2019, 15:18 Supporting Successful Mums A partnership between Axis Group and IT supplier, LP Networks, has recycled and donated laptops for use by Successful Mums which provides training and advice for women returning to work.   In just four years Successful Mums has helped 5,000 women build their careers and businesses by providing training, networking and…

Blog

Avoiding GDPR Fatigue

14.10.2019, 17:38 Avoiding GDPR Fatigue David Coleman, operations director at HSM UK, asks whether ‘GDPR fatigue’ is behind recent research finding that a third of businesses in the European Union are still non-compliant with the directive.   Over the last 18 months, it’s clear GDPR has contributed to a complete overhaul of the way organisations…

News

Claire Waysand to Succeed Pierre Mongin at Engie

27.09.2019, 14:38 Claire Waysand to Succeed Pierre Mongin at Engie ENGIE has announced Claire Waysand will replace Pierre Mongin as Group Executive Vice-President and General Secretary from the beginning of October. Waysand began her career at INSEE, before going on to hold various positions within the French Treasury Department. She served as a member of…

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