LONDON–(BUSINESS WIRE)–The number of high-net-worth individuals enquiring about investment migration options has more than doubled since the coronavirus was first reported three years ago, with record numbers of wealthy international investors now looking to diversify their residence and citizenship options amid unprecedented global volatility. Henley & Partners has also seen a huge surge in interest and applications from citizens of highly developed countries such as Canada, the UK, and the US compared to pre-pandemic times, with Americans now the top client nationality seeking alternative residence and/or additional citizenship.

Henley & Partners CEO Dr. Juerg Steffen says with many economies now in a post-pandemic phase plagued by security, political, and economic risks, wealthy families are revisiting their priorities to ensure that their legacies, wealth, and lifestyles are protected and future-proofed. “For high-net-worth investors, the optionality of living in or conducting business in a country of their choice is a prime concern. Many are exploring residence and citizenship by investment portfolios that offer them location fluidity and the option to relocate at any given moment between two or more ‘home’ nations, often many thousands of miles from each other.”

In terms of the most sought-after alternative residence options, both Spain and Greece have shot up in popularity over the past six months. Applications for the Spain Residence by Investment Program have increased by 240% this year compared to 2021, and there has also been a significant 125% spike in applications for the Greece Golden Visa Program, with investors able to apply for Greek citizenship after seven years of residence.

Both Spain and Greece rank among the world’s top vacation destinations and offer a highly desirable laid-back Mediterranean lifestyle, with vibrant, cosmopolitan cities and leading educational institutions. Each program offers several investment options but the most popular way to secure residence rights is through purchasing real estate: a minimum investment of EUR 250,000 is required for Greece and EUR 500,000 for Spain. As a resident of either country, you have the right to live and study there as well as free movement across the EU and Europe’s Schengen Area.

Henley & Partners Group Head of Private Clients Dominic Volek says because the single property purchase secures residence for the whole family, it’s a legacy investment across generations. “International real estate has always been a reliable asset class for global investors due to its long-term staying power. Real estate–linked investment migration programs have the additional advantages of enhancing your global mobility through multiple passports and expanding your personal access rights as a citizen or resident of multiple jurisdictions, creating optionality in terms of where you and your family can live, work, study, retire, and invest. The potential gains over the lifetime of the investment include the core value of the asset, rental yields, and global access as an ultimate hedge against both regional and global volatility.”

-Ends-

Notes to Editors

About Henley & Partners

Henley & Partners is the global leader in residence and citizenship by investment. Each year, hundreds of wealthy individuals and their advisors rely on our expertise and experience in this area. The firm’s highly qualified professionals work together as one team in over 35 offices worldwide.

The concept of residence and citizenship planning was created by Henley & Partners in the 1990s. As globalization has expanded, residence and citizenship have become topics of significant interest among the increasing number of internationally mobile entrepreneurs and investors whom we proudly serve every day.

The firm also runs a leading government advisory practice that has raised more than USD 10 billion in foreign direct investment. Trusted by governments, the firm has been involved in strategic consulting and in the design, set-up, and operation of the world’s most successful residence and citizenship programs.

Contacts

Media Contact
For further information, please contact:

Sarah Nicklin

Group Head of Public Relations

sarah.nicklin@henleyglobal.com
Mobile: +27 72 464 8965

TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris REIT”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.0683 per unit for the month of December, 2022, representing $0.82 per unit on an annualized basis. The distribution will be payable on January 16, 2023 to unitholders of record on December 30, 2022.

About Primaris REIT

Primaris REIT is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in dominant enclosed shopping centres in growing markets. The portfolio totals 10.9 million square feet and is valued at approximately $3.2 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris REIT is very well-capitalized and is exceptionally well positioned to take advantage of market opportunities at an extraordinary moment in the evolution of the Canadian retail property landscape.

Contacts

For more information:

Alex Avery

Chief Executive Officer

416-642-7837

aavery@primarisreit.com

Rags Davloor

Chief Financial Officer

416-645-3716

rdavloor@primarisreit.com

TSX: PMZ.UN

www.primarisreit.com www.sedar.com

MISSISSAUGA, Ontario–(BUSINESS WIRE)–Schneider Electric, the global leader in the digital transformation of energy management and automation, and ORPC, an internationally recognized leader in marine energy technology, innovation and operational excellence, have signed a memorandum of understanding to collaborate on microgrid projects to advance marine energy as a commercially-viable renewable energy source.

Through this collaboration, ORPC and Schneider Electric will install microgrid systems that include Schneider Electric’s energy storage and smart microgrid controllers with ORPC’s RivGen Power Systems to provide communities worldwide with highly predictable baseload electricity in renewable energy form, enabling the global transition towards net-zero societies.

“The ability to provide exciting, cutting-edge, sustainable solutions, like ORPC’s RivGen Power System, works as part of a portfolio of microgrid systems for our customers. It paves the way to establish marine energy as a commercially viable solution in the renewable energy mix,” said Bala Vinayagam, SVP Microgrid Line of Business from Schneider Electric. “The path to net zero includes many forms of decarbonization and having microgrid systems with ORPC’s technology only widens the impact on what our solutions can provide.”

Schneider Electric and ORPC are already working on implementing this solution in partnership with the remote, tribal community of Igiugig, Alaska. When this project is completed in the summer of 2023, the integrated system will form the grid for the community, moving the existing diesel generators to back-up and enabling the village to operate without diesel for between 60% and 90% of the time. In Igiugig, ORPC’s RivGen Power System has proven successful operating through three winters with temperatures going as low as -40 degrees C. As a result of environmental monitoring of the Igiugig project, comprising hundreds of hours of data, not a single injury or mortality to marine or aquatic life has been observed. Schneider Electric supplied Battery Energy Storage System (BESS) with EcoStruxure Microgrid Operation to enable use of River Gen system for diesel reduction. This is achieved by leveraging the Grid forming capability of the Schneider Electric BESS.

ORPC has already received inbound interest in its power systems from over 40 countries. Schneider’s global operations include offices in over 100 countries which will enable the two companies to build a global pipeline of projects.

‘’Nearly 1 billion people globally have no access to electricity and another 700 million rely on diesel-fueled off-grid systems. These communities pay up to 15 times more for electricity than grid-connected areas do, and deal daily with the noise, poor air quality and environmental risk resulting from diesel fuel use,” said ORPC CEO Stuart Davies. “We are so pleased to join forces with Schneider Electric, recognized as a leader for microgrid technology and sustainability (2022 Verdantix report) to better respond to the market inquiries we’ve been receiving and together provide baseload power solutions to these areas of the world with the greatest need.”

“The combination of ORPC’s RivGen Power System and Schneider Electric’s energy storage and smart microgrid controller can serve as a powerful tool to address climate change. For communities already using diesel generators, this system can provide a baseload energy solution and replacement for existing systems,” said Alexandre Paris, Senior Vice President & COO, ORPC. “Developing economies can build out their electricity networks economically without using expensive, centralized grids reliant on fossil fuels.”

“This partnership is an important step forward in our company’s journey to provide everyone, everywhere with access to clean, reliable electricity from sustainable sources such as marine renewable energy,” says Frederick Morency, VP Sustainability, Strategic Initiatives & Innovation, Schneider Electric. “The combination of Schneider Electric’s microgrid technology and ORPC’s power system solution offers an innovative path to bridge progress and sustainability – and empowers remote communities to help lead the energy transition and preserve the natural environment on which they have built their lives. I am proud of this collaboration and excited to see the new pathways we create together.”

About ORPC

Headquartered in the U.S., with subsidiaries in Canada, Ireland and Chile, ORPC is a recognized leader in marine energy technology innovation and operational excellence. A developer of clean, renewable power systems that harness energy from free-flowing rivers and tidal currents, ORPC’s rise to a leadership position in the worldwide marine energy industry is based on an impressive record of continuous improvement and success.

In 2021, ORPC was honored as “Innovator of the Year,” by the State of Maine’s International Trade Center and has a long track record of prestigious awards dating back more than a decade, including “World’s Top Ten Most Innovative Companies in Energy” by Fast Company (2013), and the National Hydropower Association’s Award for Operational Excellence in 2016 (ORPC is the first marine energy company to receive this award).

Read more about ORPC at www.orpc.co. Press images are available for download here and here. Video is here.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com/ca

Discover Life Is On
Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog

Hashtags: #Microgrid #LifeIsOn #AccessToEnergy #SchneiderElectric

Contacts

Media Relations – Edelman on behalf of Schneider Electric, Juan Pablo Guerrero,

Phone: +1 416 875 7173, Email: juan.guerrero@edelman.com

The Daniels Corporation, DiamondCorp, Kilmer Group, together with the City of Toronto, help Habitat for Humanity families achieve the dream of homeownership

TORONTO–(BUSINESS WIRE)–Yesterday, The Daniels Corporation (“Daniels”), DiamondCorp, Kilmer Group, and Habitat for Humanity GTA (“Habitat GTA”), welcomed three Habitat families to their new homes in the Daniels FirstHome™ Keelesdale community. These three families received the keys to their new homes at Habitat GTA’s Home for the Holidays celebration.

Located in Toronto’s Keelesdale neighbourhood, Daniels FirstHome™ Keelesdale is a vibrant 12-acre master-planned community nestled in a lush ravine setting, surrounded by beautiful outdoor spaces, public parks, established walking and cycling trails and family-friendly amenities. From its inception, the vision for this community was to be dynamic, exemplifying a complete, transit-oriented community that is seamlessly integrated with its surrounding neighbourhoods and places accessibility and inclusivity at the forefront. The Daniels FirstHome™ program, a highly successful brand of communities located throughout the GTA, stands for creating more attainable homeownership opportunities through various programs and incentives.

“At a time of year when we gather around with our friends and loved ones, it is truly heartening to know this season will be an unforgettable one for these working families as they look forward to brighter futures and – for the first time – celebrate the holidays in their beautiful, new homes,” said Ene Underwood, CEO of Habitat for Humanity GTA. “We are proud to stand with Daniels, DiamondCorp and Kilmer Group and value their commitment to creating affordable homeownership opportunities in our communities. We look forward to working together to build more inclusive, resilient and equitable neighbourhoods where children and parents thrive.”

In 2020, DiamondCorp and Kilmer Group were awarded the Habitat for Humanity GTA’s inaugural “Developer for Humanity Award” and in 2022, Daniels was awarded the inaugural “Developer for Humanity Lifetime Achievement Award”. These awards are a testament to Daniels, DiamondCorp and Kilmer Group’s commitment to delivering affordable homeownership opportunities while demonstrating their commitments to the economic and social wellbeing of the communities they build. Welcoming three partner families to their new homes at Daniels FirstHome™ Keelesdale ahead of the holidays is an example of the magic that can happen when industry builders and developers partner with Habitat GTA to support its mission of helping families build strength, stability and self-reliance through affordable homeownership.

Through their long-standing partnership with Habitat for Humanity GTA and local affiliates, Daniels, DiamondCorp and Kilmer Group have helped empower families in need of a place to call home. Alyssa Keel, one of the participating Habitat partner families and proud new Daniels FirstHome™ Keelesdale homeowner stated, “Every Habitat family has a unique story, whether we are leaving unsafe, unhygienic, overcrowded, or unaffordable apartments – we have all struggled with trying to do the best we can for our children. As parents, we want to see our children thrive, become members of their community, make friends, be happy, and we want to ensure that our children are not impacted by our own financial stresses as they grow up – that they get to stay children as long as possible without worrying along with us. You have given us the opportunity to watch our kids ride their bikes down the street, join clubs, play sports, and be healthier, safer, and happier. Thank you for this incredible gift.”

Daniels FirstHome™ Keelesdale marks the 96th Habitat partner family that Daniels has helped support through their 26-year partnership with Habitat for Humanity and their affiliates. “For over two decades, Daniels has been a proud partner of Habitat for Humanity and has showcased the incredible power of collaboration. As responsible builders and developers, we play a vital role in strengthening the communities where we live and work,” said Niall Haggart, Partner and Executive Vice President at The Daniels Corporation. “Our partnership with DiamondCorp, Kilmer Group and Habitat GTA allows three deserving families to realize the dream of homeownership, which will in turn help establish security, safety, and stability in their lives. We look forward to our continued collaboration for many decades to come.”

“We are honoured and proud to be partnering with Habitat GTA, The Daniels Corporation and Kilmer Group to provide affordable housing to three families ahead of the holidays,” said Bob Blazevski, President and COO of DiamondCorp. “The Daniels FirstHome Keelesdale community is a testament to the positive impact industry partnerships lead to, and we look forward to continuing to build strong communities and brighter futures for families across the GTA.”

“Our partnership with Habitat for Humanity GTA, The Daniels Corporation and DiamondCorp has enabled us to help three Habitat families realize the strength and stability of affordable homeownership,” said Ken Tanenbaum, Vice Chairman of Kilmer Group. “This is an incredible example of what happens when the non-profit and private sectors band together to build inclusive, affordable and resilient communities.”

For more information about Daniels FirstHome™ Keelesdale, please visit www.keelesdale.com.

About The Daniels Corporation

The Daniels Corporation (www.danielshomes.ca) is one of Canada’s pre-eminent builders/developers, building more than 35,000 new homes across the Greater Toronto Area for over 38 years. Daniels is the developer of TIFF Bell Lightbox in Toronto’s Entertainment District and the City of the Arts community on Toronto’s East Waterfront. Among its many initiatives, Daniels partnered with Toronto Community Housing to revitalize 53 of the 69-acre Regent Park community in Toronto. At the core of the revitalization is both a physical and social re-connection of this once stigmatized neighbourhood to the broader City of Toronto. Today, Regent Park is the global hub of Sustainable Development Goals and home to the World Urban Pavilion – Powered by Daniels, a collaborative initiative between the Urban Economy Forum, UN-Habitat, Canada Mortgage and Housing Corporation and The Daniels Corporation. Understanding that quality of life is created by much more than physical buildings, Daniels goes above and beyond to integrate building excellence with opportunities for social, cultural, and economic well-being.

About DiamondCorp

DiamondCorp is a Toronto-based real estate development company that maintains a strong commitment to developing high-quality, innovative, and award-winning residential and mixed-use projects. The company has established itself as a leader in progressive city building in the GTA with a proven track record in achieving municipal approvals for complicated sites translating into the highest and best use. Working together with the local Councillor, City Staff, and community, DiamondCorp is able to achieve its land use goals, creating developments that are sensitive to the surrounding community. Since its founding in 2008, DiamondCorp has invested in 27 development projects across the GTA, totaling development density of over 21 million square feet, and acts as manager of the five Whitecastle New Urban Funds which represent approximately $1 Billion of committed equity. For more information, please visit us at www.diamondcorp.ca.

About Kilmer Group

Kilmer Group is a multi-generational platform for business development and investment which is focused on Canadian enterprise and infrastructure and is built on a heritage of excellence in operations, growth-oriented stewardship and trusting relationships. Based in Toronto, Kilmer Group focuses its investments in three verticals: Private Equity, Infrastructure & Real Estate, and Sports & ‎Media.

About Habitat for Humanity GTA

Habitat for Humanity GTA (www.habitatgta.ca) is a local organization with a global vision of a world where everyone has a safe and decent place to live. We mobilize communities to help working families build strength, stability and self-reliance through affordable homeownership. With the help of volunteers, donors, and community partners, we provide a solid foundation for better, healthier lives for families in the GTA. Since 1988, Habitat GTA has built 23 new communities, providing a hand-up to hundreds of families so parents and children can have a safe, decent and affordable place to call home.

Contacts

For more information or to request an interview, please contact:
Ema Asler

Kaiser & Partners

ema.asler@kaiserpartners.com