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Unlimited Remit starts Canada to Nepal/India remittance service

Renske Technologies

Unlimited Remit, a pioneering cross-border remittance company founded and operated entirely by individuals of Nepalese origin, proudly announces the initiation of remittance services from Canada to Nepal and India. The company, known for its extensive global reach, offers remittance solutions from 150 countries in 29 currencies, excelling in providing the best rates and facilitating instant bank deposits within business hours in Nepal and India through a streamlined, fast, and secure online platform. Unlimited Remit has achieved significant success in transforming the remittance landscape, particularly from the United States, by embracing a fully digital approach and eliminating cash transactions at both the sending and receiving ends. The primary mission of Unlimited Remit is to empower immigrants to send money back home to their friends and family in a safe, secure, fast, and digital manner at minimal costs. With 272 million migrants worldwide sending USD 930 billion annually, the company aims to reduce the considerable fees associated with traditional remittance methods. According to the World Bank, remittance companies charge 6.3%, while banks charge 10.66%, resulting in a staggering USD 60 billion in fees per year. Unlimited Remit ensures a user-friendly experience, allowing immigrants to send money from their phone apps or web apps digitally, saving time and ensuring the best exchange rates with no additional fees or charges. The company's goal is to ensure funds reach the bank accounts or wallets of recipients within minutes, in near real-time, bypassing unnecessary intermediaries and making the process safer, faster, and more cost-effective. "We are excited to offer our remittance services to the Nepali and Indian community in Canada," said Allen Bailochan Tuladhar, CEO of Unlimited Remit. "Our goal is to provide our customers with the best possible experience when sending money back home, and we are committed to offering the best rates and fastest bank deposits in Nepal and India." Unlimited Remit operates under the regulatory framework of the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and holds membership with the Better Business Bureau (BBB). With entities in Singapore, the United States, Canada, the United Kingdom, Qatar, and Nepal, the company maintains a global presence to cater to the diverse needs of its users. During the initial months of its Canada launch, Unlimited Remit is introducing several promotional campaigns. New users will receive instant discounts ranging from CAD 5 to CAD 100, based on different sending slabs. Additionally, for transactions exceeding CAD 10,000, senders can avail themselves of a CAD 15 instant cash discount multiple times. The company has also integrated EarnSikka ( ) as its loyalty program, issuing Sikka for every remittance sent, which can be redeemed in subsequent transactions. Users utilizing referral codes will receive 650 Sikka, benefiting both the sender and the beneficiary. As part of this year's festival season, Unlimited Remit is conducting a lucky draw, offering NPR 18 lakhs worth of Sikka, ranging from Sikka 50 to Sikka 100,000 to both beneficiaries and senders. For more information, please visit About Unlimited Remit: Unlimited Remit is a licensed and regulated cross-border remittance company, offering services from 150 countries in 29 currencies. With a commitment to a fully digital and secure remittance experience, the company provides users with the best rates and instant bank deposits in Nepal and India. Operating under the supervision of FINTRAC and being a member of the BBB, Unlimited Remit has a global presence, including entities in Singapore, the US, Canada, the UK, Qatar, and Nepal. For more information, visit Contact Details Unlimited Remit Allen Bailochan Tuladhar - CEO +44 7746 698754 Company Website

November 24, 2023 10:49 PM Eastern Standard Time

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The Seventy Ninth Group

Seventy Ninth Group, an asset management company headquartered in North West England, has agreed terms to purchase two holiday parks for acquisition and subsequent redevelopment. Set in exclusive locations in Scotland, the Seventy Ninth Group plans to build up to 700 holiday lodges which will feature on site dining, as well as modern health and spa facilities. The two projects have a gross development value (GDV) in excess of £300 million combined. Once built, the lodges will be offered for sale at a starting price of £200,000.00. Seventy Ninth Group specialises in the acquisition and redevelopment of undervalued assets across its core sectors of real estate and natural resources. The redevelopment of holiday and leisure parks is just one of key market sectors in real estate for the company. The other sectors include residential and commercial office parks. The Group is owned by the Webster family, who hold a unique position in both the real estate and natural resource sectors, specialising in the acquisition, management and development of high growth assets with a focus on deploying sustainable investment strategies. Managing Director of the Group, Jake Webster, says; “We are delighted to be able to add this latest acquisition to our portfolio. The leisure sector has been a significant area for growth for us as we look to redevelop these two sites into luxury leisure accommodation. “The nature of the UK staycation market is evolving. Expectations are growing around the quality of accommodation and facilities expected on site with many holiday makers seeking a luxury experience. “Investment is key to operators who want to compete in this luxury space as they look to upgrade, refurbish and expand their offering. For investors this means there is a real opportunity for long term, stable returns. “ The Seventy Ninth Group is an award-winning asset management company headquartered in the United Kingdom. Founded by serial entrepreneur David Webster and his two sons, Jake and Curtis Webster. The Seventy Ninth Group holds a unique and advantageous position in both the real estate and natural resource sectors, specialising in the acquisition, management and development of lucrative assets during times of economic turmoil and uncertainty. A family-owned business, the Seventy Ninth Group is chaired by David and his sons, Jake and Curtis, along with an experienced board of directors most of whom derive from a banking & compliance background. The Seventy Ninth Group is renowned for its strong family values of loyalty, honesty, and reliability, and is respected by their clients globally. Forward Looking Information This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein may include, but are not limited to, information concerning the Company identifying an appropriate business combination target and its future plans for pursuing a stock exchange listing in Canada. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward- looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward- looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward- looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. Contact Details Liam Britnell +44 7453 364820 Company Website

November 24, 2023 05:23 AM Eastern Standard Time

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XLRE: A Gateway to Real Estate Investment Opportunities

Select Sector SPDR

As we navigate the new era of remote and hybrid work environments, the Select Sector SPDR Trust, a pioneer in the ETF marketplace, continues to provide a compelling gateway into real estate investments through its Real Estate ETF (XLRE). This tool empowers investors to tap into the evolving real estate market by investing in a portfolio of Real Estate Investment Trusts (REITs). REITs play a crucial role in the real estate sector, offering investors a means to own income-producing properties. By investing in XLRE, one can gain exposure to a diversified portfolio of some of the leading REITs in the U.S. and components of the S&P 500. A Deep Dive into XLRE's Portfolio* XLRE's portfolio consists of 31 holdings. Its top holding is Prologis, accounting for 12.15% of the total. As the world's largest industrial real estate company, Prologis operates across 19 countries in North America. American Tower, holding 8.99% of the portfolio, stands as the second-largest holding. It is a REIT that owns and operates wireless and broadcast communications infrastructure in several countries worldwide. The top holdings are rounded out by Equinix (7.97%), a multinational company specializing in Internet connection and data centers; Welltower Inc. (4.98%), a REIT that invests in healthcare infrastructure; Public Storage (4.89%), the largest brand of self-storage services in the U.S., and Crown Castle (4.68%), a provider of shared communications infrastructure in the U.S. Accessible, Affordable, and Varied Investment Opportunities Collectively, XLRE's top 10 holdings make up 60% of the fund, incorporating a blend of diverse real estate classes. These REITs aim to provide attractive total returns by combining dividend yield with the potential for capital gains. The fund maintains a low expense ratio of 0.10%**. In short, XLRE presents advisors and investors with the ability to conveniently access various segments of the real estate market at a reasonable cost. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings & Weightings as of 9/30/23 subject to change **Ordinary brokerage fees apply DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: Website: *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL006998 EXP 1/31/24 Contact Details Dan Dolan +1 203-935-8103 Company Website

November 12, 2023 08:00 AM Eastern Standard Time

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K3 Elevates Commitment to Homeless Veterans' Lives through PATH Partnership

K3 Holdings

K3 Holdings, a prominent privately held real estate investment firm boasting an expansive nationwide portfolio, is commemorating Veterans Day by spotlighting its collaboration with People Assisting The Homeless (PATH). This partnership reflects the company's dedication to transforming challenges into opportunities, particularly addressing the critical issue of homelessness among the veteran community. Through this partnership with PATH, K3 Holdings/Alpine is not only providing shelter but also fostering an environment where veterans can regain their footing and reclaim their independence. As the nation prepares to honor the sacrifices of servicemen and women, K3 Holdings/Alpine is extending profound appreciation to the courageous individuals who have safeguarded the nation. Many veterans reside in properties managed by K3 Holdings/Alpine, enriching the fabric of communities as friends and neighbors. "On this Veterans Day, we are renewing our commitment to stand with our veterans and echoing the sentiment that no hero who defended our freedom should ever be without a home,” stated Nathan Kadisha, Principal of K3 Holdings. “Through our collaboration with PATH, we are not just addressing homelessness, we are building bridges to hope, and a future filled with possibilities. “Veterans residing in K3 Holdings/Alpine-managed properties are not just tenants, they are an integral part of the community fabric,” Nathan Kadisha continued. "As we unite in gratitude for our veterans, let us also unite in action. K3 Holdings/Alpine invites our community to join in support of PATH, ensuring that every veteran, who stood tall for our nation, now stands tall in dignity and security,” stated Michael Kadisha, Principal of K3 Holdings. “Together, we can rewrite the narrative for homeless veterans, providing them with the support they deserve." About K3 Holdings: K3 Holdings is a privately held real estate investment firm committed to transforming communities and improving housing quality and safety. Their extensive investments have led to remarkable enhancements in their property portfolio, reflecting their unwavering commitment to delivering reliable, safe, and comfortable housing options - About People Assisting The Homeless (PATH): People Assisting The Homeless (PATH) is a non-profit organization committed to ending homelessness for individuals and families. PATH provides comprehensive services and support, guiding individuals from homelessness to stable housing and brighter futures - ### Contact Details Dan Rene +1 202-329-8357

November 10, 2023 04:00 PM Eastern Standard Time

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Holiday Countdown

News Media Group, Inc.

Contact Details News Media Group Karl Wayne +1 334-440-6397 Company Website

November 07, 2023 09:38 AM Eastern Standard Time

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Lesser-Known Tips to Protect Your Home During National Fire Prevention Month


October is National Fire Prevention Month, and there’s no better time to heighten awareness of home fires and how to help prevent them. Did you know that home fires are the most common disaster in this country? In fact, they are so dangerous that they claim more lives in a typical year than all natural disasters combined. Although you may be familiar with common tips, like testing smoke alarms and cooking safety, to honor the spirit of the month, here are some lesser-known fire prevention tips that are just as important. Hidden Home Fire Hazards Five common causes may account for most home fires, but that still leaves a large portion of home fires to be accounted for, including those from what we consider more hidden fire hazards like these: Recalled products – Periodically checking the U.S. Consumer Product Safety Commission website can help you stay up-to-date on commonly recalled products like appliances, lamps, and computer batteries. Loose outlets – Pay attention when you plug in items because the interior parts of electrical outlets can loosen over time. If the plug doesn’t fit snugly, consider replacing the outlet. Excess Sawdust – When remodeling your home, sawdust, which is highly combustible when left on surfaces, can quickly build up. So ensure you regularly vacuum work surfaces and dispose of the sawdust properly. Household products – Take care when using products like non-dairy coffee creamer, nail polish remover, 9-volt batteries, and cleaning solutions, as they can be highly flammable. Dishwashers – It’s unsurprising that appliances like stoves and dryers can be fire hazards, but your dishwasher? Nearly 500 fires yearly are caused by faulty dishwashers when leaking water enters the heating element or electrical components. Bird nests – You’ll likely find these around the exterior of your house, but make sure they aren’t perched on your outdoor lighting or gutters where they could be potential fire hazards. Gutters – Debris, like pine needles and leaves, can accumulate in your gutters and become highly flammable once they dry out. You must regularly clean your gutters or install gutter guards to prevent this. Gutterglove Protects Homes One Gutter At A Time Gutter guards block debris by creating a barrier between the roof and the gutter system that stops it from entering while allowing water to flow. This prevents you from taking on the burden of regularly cleaning gutters while offering peace of mind that they remain free of flammable debris. All gutter guards require occasional maintenance to clear surface debris which can accumulate over time. This maintenance can be safely and easily carried out using Gutterglove’s specialized 360 Gutter Guard Brush. We’ve been manufacturing gutter guards since 2003. Gutterglove products and accessories are designed to protect any home, regardless of roof type or gutter size, with both do-it-yourself and professionally installed product options of the highest quality available. Specifically, our stainless-steel micro mesh gutter guards work in two ways for fire prevention: The mesh tightness blocks flammable debris from accumulating inside the gutter, which can create kindling for fire embers. The gutter guard material is fire-tested and is Wildland-Urban Interface (WUI) compliant. Gutterglove® is an innovation company focused on products, programs, and technology for the home improvement space. They manufacture gutter guards and accessories designed to protect any home, regardless of roof type or gutter size, with both do-it-yourself and professionally installed product options. Their innovation extends beyond products into new programs and technology that deliver seamless support to customers and contractors nationwide. Starting in 1996 as a gutter cleaning business, the team at Gutterglove noticed gutter guards needed to perform as promised. Gutterglove explored new designs, the best materials, and customers' needs to create an extensive patented portfolio of the highest quality gutter guards available. Gutterglove is proud to offer the Nation's Most Trusted Gutter Guards®. For more information, please visit our website Contact Details Madison Baber +1 210-213-2426 Company Website

November 02, 2023 05:17 PM Eastern Daylight Time

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LevLane Advertising Announces New Philadelphia Headquarters


LevLane Advertising, one of Philadelphia’s oldest independent full-service advertising agencies, is pleased to announce the relocation of its Philadelphia headquarters to a new state-of-the-art space at One Logan Square. The move, which comes on the heels of the agency's announcement appointing Josh Lev as president, marks a new chapter in the company's growth and its commitment to providing innovative solutions and thinking for clients. LevLane had called the historic Wanamaker Building home since 2004 and had been operating out of a 13,914-square-foot area within the building until its last official day of lease on June 30, 2023. The relocation of the headquarters and the initiative to bring employees back into the office on a flexible schedule represents a significant milestone for the agency and ties to a broader approach of fostering collaboration, adaptability and mentorship. "My hope is that our return-to-office strategy, in combination with this move to a collaborative workspace, will position both the agency and our employees for sustained growth and future success," said Josh Lev, president of LevLane. "My goal is to encourage mentorship between our seasoned employees and our incredible young talent while embracing an innovative approach to our work environment." The new office space, located in One Logan Squareat 130 N. 18th Street, Ste. 310, Philadelphia, PA, is situated at an iconic location in the heart of Philadelphia, just off the Benjamin Franklin Parkway. It offers 7,373 square feet of contemporary design and will provide employees with an inspiring environment for creativity and collaboration. The building, managed by Brandywine Realty Trust, is in a prime location just a short distance from the beautiful new Comcast Center and many other city landmarks. “As part of our strategy for the future, we’re committed to fostering a hybrid work environment, and this new space will allow our employees to balance remote work and in-person collaborative efforts,” said Liz Weir, chief marketing officer. “The new headquarters was designed to accommodate a flexible work model, with spaces that will enable communication and collaboration, whether employees are in the office or working remotely.” "There is nothing like being in the heart of Philadelphia,” said Bruce Lev, chief creative officer and co-founder. “We’ve had a presence in the city for decades, and I believe that has been a contributing factor to our success and longevity. We believe in the incredible talent pool here, the rich cultural scene and the thriving business community, which have all contributed to our growth over the years. We are proud to continue our journey here, serving our clients and contributing to the strength of Philadelphia's business community." About LevLane LevLane Advertising is a full-service independent advertising agency headquartered in Philadelphia and has been building brands people love for nearly 40 years. The award-winning agency integrates traditional creative expertise with cutting-edge digital capabilities in its menu of services, including search engine optimization (SEO), search engine marketing (SEM), programmatic media, strategy, creative and branding, media and analytics, social media, content marketing, and public relations. For more information about LevLane and its capabilities, connect with us on LinkedIn, Instagram and Facebook. Contact Details LevLane Lauren Stralo +1 484-747-0172 Company Website

October 31, 2023 11:15 AM Eastern Daylight Time

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Cedar raises $3m to take on US housing crisis


The US housing market is short 6.5 million homes after more than a decade of under-building relative to population and demand growth. Cedar is today announcing a $3M seed funding round to take this problem head on, with software that helps real-estate developers and professionals maximize the housing potential of urban infill properties. Cedar believes that the complexities of urban development are driving builders to construct homes ever-farther from city centers, thus contributing to the supply-demand mismatch creating a crisis of affordability today. Kyle Vansice, co-founder of Cedar added: “Not only is the US not building enough housing to support our population growth, we’re not building homes in the right places - urban centers where current and future generations want to live and work, and be closer to their friends, family, and cultural amenities.” The funding round was led by Caffeinated Capital with participation from Tishman Speyer Ventures, Maria Davidson (CEO of celebrated construction startup Kojo), David Rubenstein via Shorewind Capital, Alumni Ventures, among others. Cedar’s cap table also includes global venture capital firm Antler as an early investor (pre-seed round). Founded in 2022 by Kyle Vansice, Nate Peters and Rahul Attraya, Cedar is radically collapsing the time and cost for developers to source and evaluate real-estate projects, a major inefficiency in today’s real-estate market. It often takes longer to acquire, design, and permit a housing project than it does to build it - largely due to the slow, consultant driven, and regulatory burdened process of solving the 3D puzzle that is a real-estate development project. And while 80% of cities are composed of housing, almost no software exists to help developers know where and what can be built in the city - a critical market gap Cedar is filling. The Cedar platform uses generative algorithms and a mix of public and proprietary data to quickly generate a broad array of building designs, accurately predicting the development yield on any parcel in a city, and converting complex land-development regulations into real development scenarios that maximize a property's financial potential. Cedar is on a mission to standardize a fragmented process of value creation that typically takes months of consultant work and adds hundreds of thousands of dollars to each development project. By challenging the fundamentals on housing design and location, Cedar is creating a pathway to help deliver the residential needs of communities across the US. “By connecting local zoning and land development regulations with a national standard for infill housing and urban density, Cedar is the first technology startup that is offering a fresh vision for housing development and design for the future,” Nate Peters, co-founder of Cedar added. Cedar believes the immediate opportunity for builders and developers lies in places that were previously built for largely single-family development, but offer the potential to dramatically densify to create more livable and walkable neighborhoods. The future of urban development needs to move beyond the binary of either single-family homes or luxury high-rise to include the “missing middle” scale - a term coined by Dan Parolek and his firm Opticos Design. Rahul Attraya, co-founder of Cedar added: “The smaller, non-institutional “missing middle” scale projects are critical to creating a more economically and environmentally sustainable density in our cities. They present the key to providing the breadth of affordable options cities need. But getting innovative housing built in urban areas is not easy, and builders, developers, and the design community take big risks to make them happen - Cedar is supporting this effort by providing sophisticated planning and analysis technology that reduces risk and maximizes their potential. The infill multi-family construction is a $300B+ market annually, and is expected to nearly double by 2030. It is not only America’s fastest growing housing development type, but according to a recent University of California Berkeley study, the single most effective tool in reducing the carbon emissions of our society. Cedar has coverage across Austin now, but has ambitious plans to expand to a number of major American cities over the next 12-18 months. Varun Gupta, Partner at Caffeinated Capital, commented: “Characterizing the economic value of any parcel of land through its current and future development opportunities will drive massive value to developers, brokers, states and municipalities, and other stakeholders. With it, Cedar could help usher in a new golden era of municipal development and help solve America’s housing shortage.” Tyler Norwood, General Partner US at Antler, Cedar’s initial investor remarked: "We backed the Cedar team from day zero. As an early investor, we worked with Kyle, Rahul, and Nate as they experimented and fought to crack open a wedge into this market. The Cedar team is ambitious and tenacious, exactly the qualities required to scale a mammoth proptech opportunity. This 0-1 stage of a company is such a hard but exhilarating time — I feel honored that a team this strong gave Antler the opportunity to be a partner on this journey and it is exciting to see Cedar quickly gaining traction. I look forward to continue supporting the team as they build the future of urban infill development starting in our own backyard, Austin, TX. “ About Cedar Cedar is reducing the cost and time to source and evaluate real-estate projects by building software that accurately predicts development yield on any opportunity, converting complex land-development regulations into real development options that maximize a property's financial potential. Using proprietary algorithms and data, Cedar empowers real-estate developers to evaluate potential projects 10X faster, standardizing a fragmented process that typically takes months of consultant work and adds hundreds of thousands of dollars to each development project. Cedar is on a mission to help developers maximize ROI, de-risk investment by accurately predicting development yield as fast as possible. Doing so will create a more efficient real-estate market that will lead to more affordable, livable, walkable cities. About Caffeinated Caffeinated invests early (often at inception stage) and throughout the lifecycle of technology companies that produce meaningful value and transform the largest markets in the world. About Tishman Speyer Tishman Speyer is a leading owner, developer, operator and investment manager of first-class real estate in 36 key markets across the United States, Europe, Asia and Latin America. Our portfolio spans market rate and affordable residential communities, premier office properties and retail spaces, industrial facilities, and mixed-use campuses. We create state-of-the-art life science centers through our Breakthrough Properties joint venture, and foster innovation through our strategic proptech investments. With global vision, on-the-ground expertise and a personalized approach, we are unparalleled in our ability to foster innovation, quickly adapt to global and local trends and proactively anticipate our customers’ evolving needs. By focusing on health and wellness, enlightened placemaking and customer-focused initiatives such as our tenant amenities platform, ZO, and our flexible space and co-working brand, Studio, we tend not just to our physical buildings, but to the people who inhabit them on a daily basis. Since our inception in 1978, Tishman Speyer has acquired, developed, and operated 533 properties, totaling 223 million square feet, with a combined value of over $129 billion (U.S.). Our current portfolio includes such iconic assets as Rockefeller Center in New York City, The Springs in Shanghai, TaunusTurm in Frankfurt and the Mission Rock neighborhood currently being realized in San Francisco. About Alumni Ventures Alumni Ventures offers accredited individuals access to professional-grade venture capital— a key asset class missing from the portfolios of many sophisticated investors. Since launching its first venture fund in 2014, AV has raised more than $1.2 billion from nearly 10,000 individual accredited investors, and has built a community of over 650,000 opt-in subscribers to their innovation-focused newsletters. AV evaluates thousands of venture investment opportunities every year and has a portfolio of over 1,200 venture backed companies. In 2022, PitchBook ranked AV as the #1 most active VC firm in the US, and #3 in the world. AV funds are private, for-profit, and not affiliated with or sanctioned by any school. For more information, visit Contact Details Cedar Bilal Mahmood +44 7714 007257 Company Website

October 31, 2023 09:00 AM Eastern Daylight Time

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Visit by His Majesty’s Trade Commissioner for North America to Electric Works, Fort Wayne, Indiana

Ancora L&G

Ancora L&G, yesterday welcomed Emma Wade-Smith OBE to Electric Works, in her capacity as His Majesty’s Trade Commissioner for North America and HM Consul General New York, during an official visit to Indiana. During the visit, the Trade Commissioner also met with representatives from the Indiana Economic Development Corporation, the City of Fort Wayne, NEI, and Greater Fort Wayne Inc., as well as regional business leaders. Electric Works, the former site of the General Electric campus, was developed by a public-private partnership of Ancora, Biggs Group, and Weigand Construction, together with the City of Fort Wayne, Allen County, and the State of Indiana. Construction started in 2020, with a strategic focus on urban redevelopment and a commitment to community revitalization. At its peak, the site on which Electric Works stands—an 18-building industrial complex—employed about a third of Fort Wayne's workforce and for over eight decades, produced electric motors, transformers and other critical components. Following decades of deindustrialization and waves of job cuts, the campus closed in 2015. The West Campus – Phase 1 – of Electric Works is a $286 million mixed-use development of 740,000 sq. ft.; the largest historic adaptive reuse project in the State of Indiana. West Campus includes a mix of uses including creative office, retail, entertainment, healthcare, innovation and co-working, a public market and local produce food hall, education, as well as public and event spaces. Building on the success of the West Campus, Phase 2 of Electric Works is planned as a $143.4 million mixed-use development of market rate housing, affordable and low-income housing - including units targeted to 55+ age bracket; over 10,000 sq. ft. new model early childhood learning center in partnership with a university to train new teachers; commercial space; a health/wellness center and parking. As part of the visit, there was a tour of Amp Lab, a new public education model for up to 400 11th and 12th grade students, which provides a STEAM (Science Technology Engineering Arts and Mathematics) curriculum and immersive learning and internship opportunities, in partnership with Electric Works’ businesses. Amp Lab has supported 800 pupils so far from the Fort Wayne area. Jeff Kingsbury, Chief Connectivity Officer, Ancora L&G, said, “To achieve inclusive growth, innovation districts like Electric Works prioritize talent attraction, development, and retention. Affordable housing and education are important to talent, and are therefore critical economic development issues in both the U.S. and the U.K. We discussed these shared challenges and opportunities with the Trade Commissioner during her visit to the campus and appreciate the time she spent with us and her interest and support for the community’s vision of Electric Works.” Emma Wade Smith OBE, HM Trade Commissioner for North America and HM Consul General New York, said: “ We signed the UK’s first State-level trade and economic cooperation agreement with Indiana in May 2022. At the heart of our ambitions is increasing trade and spurring more inclusive and sustainable economic growth, where opportunities and meaningful jobs are accessible to people across our communities. The Ancora Electric Works development is a terrific example of how UK-US collaboration can enable the revitalisation of such iconic and historic industrial sites. The transformation of this facility has captured the imagination of the community, by promoting access to opportunities that support our shared priorities in innovation, STEAM (science, technology, engineering, arts and math) and sustainability.” Riley Johnson, Director of Amp Lab, said, “Amp Lab is a unique learning environment built for students of diverse backgrounds to gain real-world experience. We were honored to host Trade Commissioner Emma Wade-Smith and thrilled to be recognized as a model of innovative and agile education.” ENDS Notes to editors Ancora L&G A joint venture between U.S.-based science and technology real estate developer Ancora and Legal & General Capital ( LGC ), the investment arm of global asset manager Legal & General, Ancora L&G acquires and develops real estate to serve high-growth science, technology, and innovation tenants in partnership with and proximate to leading U.S. anchor institutions. Ancora was founded in 2019 by Josh Parker with co-founders John Philipchuck and Jeff Kingsbury. Currently capitalized at $500 million with plans to expand to $4 billion, Ancora L&G currently has projects in Atlanta, Georgia (Georgia Tech); Providence, Rhode Island (Brown University); and New Haven, Connecticut (Yale University). Legal & General Capital Legal & General Capital (LGC) is Legal & General Group’s alternative asset platform, creating assets for Legal & General Retirement and third-party clients in order to achieve improved risk-adjusted returns for our shareholders. LGC has built its market leading capabilities in a range of alternative assets, delivering depth of resource, track record and intellectual property. Investing in the real economy and creating alternative assets that deliver a tangible societal impact, its purpose is to invest society’s capital for society’s benefit. L&G has invested around £30 billion ($37 million) in levelling-up regional UK economies and has strong track record in investing in technology and life sciences. LGC’s investments include residential property; specialist commercial real estate; clean energy; alternative credit; and venture capital. As LGC’s capability to create alternative assets continues to grow, it will not only continue to grow its balance sheet of alternative assets but also create alternative assets for third party investors. Legal & General Group Established in 1836, Legal & General is one of the UK’s leading financial services groups and a major global investor, with international businesses in the U.S., Europe, Middle East, and Asia. With over £1.24 trillion in total assets under management, we are the UK’s largest investment manager for corporate pension plans and a UK market leader in pension risk transfer, life insurance, workplace pensions and retirement income. Legal & General Group currently manages $1.4 trillion of assets globally and is increasing its presence in the U.S. for both equity and debt vehicles. The year-old Ancora L&G joint venture builds on the successful track record of Ancora’s team and the investing record of LGC in the UK, including over $5 billion currently committed to science and technology development projects at Oxford, Manchester, and other leading universities in the UK. Contact Details Meir Kahtan Public Relations, LLC (MKPR) Meir Kahtan +1 917-864-0800 Director of External Engagement, Legal & General Margrit Williams +1 347-387-7555

October 27, 2023 04:52 PM Eastern Daylight Time

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