Finance

News

Ian Williams Strengthens Leadership Team

Privately owned UK property services company Ian Williams has announced several senior internal appointments from April 2023 as part of its succession planning. The new team led by Zane Poyner, as managing director, represents a wide range of talent and experience. Key members include Jayne Cox, Finance Director, Amy Boothman, Sales & Marketing Director, Jason…

Finance

EIB and Community of Madrid Agree Financing for Line 11 Metro Extension

The European Investment Bank (EIB) and the Community of Madrid (CAM) have agreed EIB financing of €554 million of financing and R&D loans for the line 11 Metro extension between Plaza Elíptica and Conde de Casal in Madrid. Separate agreements for project finance and the financing of research and development activities have been signed in Madrid…

Finance

Wells Fargo Strengthens Airport Industrial Property Unit Trust’s Property Programme with Flexible Debt Finance

abrdn plc’s Airport Industrial Property Unit Trust (AIPUT) has secured £350m of new debt financing from Wells Fargo to deliver a transformational investment programme for its prime industrial real estate portfolio in the United Kingdom. The new Facility which consists of a split-term loan and revolving credit facility structure with an initial committed term of…

Appointments

CREFC Announces Chair Elect and Changes to Leadership Board

CREFC Europe, a trade association for real estate lenders and the European real estate finance market,  has announced its new Chair Elect at its Annual General Meeting. Nassar Hussain of Brookland, already a member of the CREFC Europe Board, has stepped into the Chair Elect role.  Chris Bennett of DekaBank takes over as Chair from…

Finance

Prioritising Mental Health in Advance of World Suicide Prevention Day 2022

UK commercial and industrial fit-outs and refurbishment specialist Pexhurst has been holding Mental Health Tool Box Talks across all of its live sites using professional occupational health and safety consultants, Safety Services UK. The consultants discussed mental health issues with site workers, outlined the support available to them and suggested ways in which they could…

Finance

Boutique Lender Agrees Loan for Iconic Central London PBSA Acquisition in 11 Days

Alternative property lender Cohort Capital has funded a £70 million facility for the acquisition of Lillian Penson Hall, a 100,000 sq ft purpose-built student accommodation (PBSA) development in the heart of London. The buyer is LPH Paddington Ltd, a company majority owned by Union Property Developments Ltd. The 313-unit, eight storey building on the historic…

ESG

Real Assets Publication of the Year: Aviva Investors Sustainability Media Awards

Aviva Investors is extending the deadline to enter the Aviva Investors Sustainability Media Awards 2022. The new deadline will be Friday, 12th August 2022. The Awards, which recognises excellence in reporting across sustainability-linked topics in the UK media, aim to celebrate the consistently high standards achieved by publications in the national press, institutional and wholesale…

Finance

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…

Finance

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,…

Finance

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,…

Appointments

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…

Finance

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…

Construction

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

Contracts

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…

Congo

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…

Appointments

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…

Appointments

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 &…

Finance

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…

Education

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…

Finance

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…

Finance

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…

Construction

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…

Contracts

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…

Cleaning

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…

Environment

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…

Environment

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…

Contracts

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…

Environment

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…

Appointments

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…

Finance

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.…

Environment

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…

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