TORONTO, July 15, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today its July 2024 monthly distribution in the amount of $0.12084 per Unit (or $1.45 on an annualized basis). The July 2024 distribution will be payable on August 15, 2024 to Unitholders of record at the close… [Read More]
CAPREIT Announces Strategic Sale of MHC Portfolio for $740 Million
This news release constitutes a “designated news release” for the purposes of CAPREIT’s prospectus supplement dated February 22, 2024, to its short form base shelf prospectus dated May 9, 2023. TORONTO, July 15, 2024 (GLOBE NEWSWIRE) — Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX:CAR.UN) announced today that it has entered into an agreement… [Read More]
Flagship Communities Real Estate Investment Trust Announces July 2024 Cash Distribution
Not for distribution to U.S. newswire services or dissemination in the United States. TORONTO, July 15, 2024 (GLOBE NEWSWIRE) — Flagship Communities Real Estate Investment Trust (the “REIT”) (TSX:MHC.U; MHC.UN) announced today a cash distribution of US$0.0492 per REIT unit for the month of July 2024, representing US$0.59 per REIT unit on an annual basis…. [Read More]
Opening of a New MICE Venue, TAKANAWA GATEWAY Convention Center*
– One of the largest multi purpose hall within Tokyo with direct access to the station started taking reservations from July 1st 2024 –
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East Japan Railway Company (JR East), JR East Building Co., Ltd (JR East Building) and Congrès Inc.(Congrès) started taking reservations for this Venue. This facility is within the TAKANAWA GATEWAY CITY, scheduled to open in late March 2025.
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This venue has direct access to Takanawa Gateway Station, and with the LINKPILLAR Hall having the capacity of 2000 people, it allows a variety of MICE events.
- This venue will also strive to take environmentally sustainable actions. By using public spaces such as the plaza and advertising media within the city, the city itself will serve as a unique MICE venue.
*MICE stands for Meetings, Incentives, Conventions and Exhibition/Events.
TOKYO–(BUSINESS WIRE)–EAST JAPAN RAILWAY COMPANY:
1. About TAKANAWA GATEWAY Convention Center
(1) Features of the Venue
- A MICE venue with new technology
- The LINKPILLAR Hall is equipped with high-resolution projectors supported by a range of communication infrastructures which enables seamless real-time transmission of images and audios.
- Numerous types of spaces that will suite the participants’ needs
- An advanced MICE hub surrounded by numerous facilities
- An ideal location for International events
Venue Information
- Location: THE LINKPILLAR 1 SOUTH, 1st and 2nd basement floor, 6th floor
For more information, please look at the website below:
https://www.takanawagateway-cc.com/en/facility/
(2) A Citywide MICE in the Center of Tokyo
The development of this area which includes the city and the station is done by JR East. Using this strength, you can organise your MICE events outside of the facility, meaning that the city itself will become a unique MICE venue.
2. Sustainable Actions
We are dedicated to promoting sustainability and making significant environmental contributions through hosting MICE events.
(1) Environmentally Friendly Venue
This Convention Center is in THE LINKPILLAR 1, which has achieved the well renowned LEED® for Building Design and Construction: Core and Shell Development (LEED® BD+C CS) precertification (Gold).
(2) Transforming Food Waste Into Power
Leftover food will be transformed into power by using the first in-building biogas generation equipment in East Japan.
(3) Supporting to Host an Environmentally Friendly Event
This Venue will actively implement measures that contribute to sustainable MICE practices.
For more information, please look at the website below:
https://www.congre.com/sustainability/sdgs/
3. Inquires
(1) When can we start using the venue?
Rooms are available from July 1st 2025 onwards.
*The opening date for renting each room will differ.
(2) When can we start sending booking inquiries?
- When: July 1st 2024 (Monday) , 2PM~
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How: Please visit our Website
https://takanawagateway-cc.com
For further enquires, please contact us below.
Contacts
Enquiries
TAKANAWA GATEWAY Convention Center
takanawagateway-cc@jebl.co.jp
Phone +81-(0)3-3510-3734 (Weekdays 10:00-17:00)
SmartCentres Real Estate Investment Trust to Release 2024 Second Quarter Results and Host Conference Call
TORONTO, July 12, 2024 (GLOBE NEWSWIRE) — SmartCentres Real Estate Investment Trust (“SmartCentres”) (TSX: SRU.UN) announced today that it will be reporting its financial results for the three months ended June 30, 2024 after the market closes on Thursday, August 8, 2024. Management will hold a conference call on Friday, August 9, 2024 at 11:00… [Read More]
H.I.G. Infrastructure Completes Acquisition of Best Trash
NEW YORK–(BUSINESS WIRE)–#Acquisition–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $64 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Best Trash, LLC (“Best Trash” or the “Company”).
Headquartered in Richmond, TX, Best Trash is a market leading municipal solid waste platform serving the residential waste collection needs of select markets in Texas including the Greater Houston Area (“GHA”). Best Trash services utility districts, municipalities, homeowner associations, and individual residences.
Mark Moderski, Chief Executive Officer of Best Trash, commented, “We are thrilled to partner with H.I.G. and leverage their significant experience and resources as we enter this next phase of growth. Best Trash has built its brand providing exceptional service to its customers, and we look forward to continuing to serve the communities in which we operate.”
Miriam Rafiqi, Managing Director at H.I.G. Infrastructure, added, “We are excited about the opportunity to partner with Mark and his outstanding management team in the Company’s next stage of growth. Best Trash provides essential and recurring services under long-term contracts and has a reputation for prioritizing reliable and consistent customer service, which will continue to drive growth in the business. We look forward to supporting management’s continued growth initiatives.”
Stifel, Nicolaus and Company, Inc. acted as financial advisor and Ropes & Gray LLP served as legal counsel to H.I.G. Raymond James & Associates, Inc. acted as financial advisor and White & Case LLP served as legal counsel to Best Trash.
About Best Trash
Founded in 2009, Best Trash is a premier and trusted waste collection platform providing non-discretionary, best-in-class service to over 450,000 homes across more than 350 contracts. Best Trash delivers full-suite rear-load residential refuse collection.
Best Trash has a stellar reputation for quality and safety, resulting in industry leading customer retention. The Company’s long-term contracts provide significant revenue visibility, and when paired with Best Trash’s long-term disposal contracts, generate attractive, and stable margins. For more information, visit best-trash.com.
About H.I.G. Capital
H.I.G. is a leading global alternative investment firm with $64 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, and Dubai, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:
- H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
- H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
- H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
- H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.
Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.
*Based on total capital raised by H.I.G. Capital and its affiliates.
Contacts
Miriam Rafiqi
Managing Director
mrafiqi@hig.com
Paul Gurm
Principal
pgurm@hig.com
H.I.G. Capital
1271 Avenue of the Americas
22nd Floor
New York, NY 10020
P 212.506.0500
hig.com
RONA Partners with Affirm to Bring Canadians a More Flexible Way to Pay for Home Improvement Supplies Online
Eligible consumers can pay in simple biweekly or monthly payments, with no hidden or late fees
BOUCHERVILLE, Québec & TORONTO–(BUSINESS WIRE)–Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, today announced a partnership with RONA inc., one of Canada’s leading home improvement retailers operating and servicing some 425 corporate and affiliated stores. Now, eligible shoppers can use Affirm to purchase their home improvement necessities online.
By selecting Affirm at checkout on rona.ca, approved RONA customers can split eligible purchases into biweekly or monthly payments for terms up to 12 months. Consumers are shown the total cost of their purchase and will never pay more than they agree to upfront as Affirm does not charge any late or hidden fees.
“Canadians have trusted RONA for their home improvement needs since 1939 and, throughout the years, their shopping habits have evolved. Many Canadians now prefer to use online solutions for making their purchases and we wanted to offer them the same payment flexibility we offer customers who shop our stores through other flexible payment solutions, which is exactly what Affirm allows us to do,” said Adam Powell, Chief Digital Officer of RONA inc. “We’re thrilled to offer greater choice at checkout to help our customers bring their projects to life.”
“Tackling home projects can be daunting, but using Affirm can give eligible RONA consumers the clarity and control they need to focus on completing the job at hand without the stress or hassle of hidden fees or junk charges,” said Wayne Pommen, Chief Revenue Officer at Affirm. “We’re proud to work with one of the most iconic retailers in Canada to offer a flexible and transparent way to pay for those important home improvement supplies.”
RONA joins Affirm’s network of 292,000 retailers, including partnerships in Canada with Amazon, Apple, Samsung, Hudson’s Bay, Browns Shoes, CheapOair and more.
About Affirm
Affirm’s mission is to deliver honest financial products that improve lives. By building a new kind of payment network — one based on trust, transparency and putting people first — we empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth. Unlike most credit cards and other pay-over-time options, we show consumers exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees. Follow Affirm on social media: LinkedIn | Instagram | Facebook | X.
About RONA inc.
RONA inc. is one of Canada’s leading home improvement retailers and is headquartered in Boucherville, Québec. The RONA inc. network operates or services some 425 corporate and affiliated dealer stores under the RONA+, RONA, Réno-Dépôt, and Dick’s Lumber banners. With a long and rich history, RONA inc. has supported Canadians in their home improvement and construction projects since 1939. To achieve this, the company relies on a team of 21,000 employees, to whom it strives to provide an inclusive workplace where everyone is invited to contribute. RONA inc. is one of the Montréal region’s Top Employers since 2021. As a result of its ongoing efforts in sustainable development, the company is recognized as one of Canada’s Greenest Employers. To learn more about the company, visit the website www.ronainc.ca.
To share this news on social media, please use @RONAEN (Facebook), @RONA (LinkedIn), and @RONAinc (X, formerly Twitter).
Rates from 0-31.99% APR (subject to provincial regulations). Payment options through Affirm Canada Holdings Ltd. (“Affirm”) are subject to an eligibility check and depend on purchase amount, vary by merchant, and may not be available in all provinces/territories. A down payment (or a payment due today) may be required.
AFRM-A
Contacts
Press Contacts
RONA
media@rona.ca
514 599-5900, ext. 5271
1 866 566-3342
Affirm
Nicholas Fisher
press@affirm.com
(650) 398-2715
Nexus Industrial REIT Mourns the Death of Trustee Louie DiNunzio
TORONTO, July 11, 2024 (GLOBE NEWSWIRE) — Nexus Industrial REIT (“Nexus” or the “REIT”) (TSX: NXR.UN) is deeply saddened by the sudden passing of Board Trustee Louie DiNunzio on June 1, 2024, and offers its sincere condolences to his family and friends. Mr. DiNunzio served on the Nexus Industrial REIT Board of Trustees with distinction… [Read More]
Colliers to announce second quarter results on August 1, 2024
TORONTO, July 11, 2024 (GLOBE NEWSWIRE) — Colliers International Group Inc. (TSX & NASDAQ: CIGI) (“Colliers” or the “Company”) today announced that results for the second quarter ended June 30, 2024, will be issued by press release on August 1, 2024, at approximately 7:00am ET. A conference call to review these results will take place… [Read More]
Core & Main Expands into Canada by Signing Agreement to Acquire HM Pipe Products
ST. LOUIS–(BUSINESS WIRE)–Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has entered into a definitive agreement to acquire substantially all of the assets of HM Pipe Products, Inc. and HM Pipe Products Kitchener Inc. (collectively, HM Pipe Products), a Canadian distributor of water and wastewater products.
“With our expansion into Canada, we will achieve a key milestone for Core & Main. The team at HM Pipe Products has extensive market knowledge, an excellent reputation in the industry and strong customer connections,” said Steve LeClair, chair and CEO of Core & Main. “We plan to utilize our collective resources and combined expertise to address Canada’s water and wastewater infrastructure needs, providing significant future growth opportunities in the multibillion-dollar Canadian market.”
Established in 2010, HM Pipe Products is a trusted provider of a broad array of products to assist contractors and municipalities in Ontario with their waterworks infrastructure projects. Their experienced team operates from two locations in London, Ontario, and Kitchener, Ontario.
“It was important for us to partner with an established industry veteran who has a similar culture and dedication to exceptional service when entering the Canadian market. We found that in HM Pipe Products,” said Jack Schaller, president of Core & Main. “I look forward to welcoming them to Core & Main and collaborating with their team as we build out our presence in Canada.”
“I am very proud of what our team has accomplished since Fraser Metcalf and I founded the company in 2010,” said HM Pipe Products President, Rick Henry. “Fraser and I are excited to enter a new chapter as part of the Core & Main family. We feel a strong alignment of purpose with their team, and this partnership paves the way for us to support the Canadian water and wastewater industry with expanded resources and unmatched excellence.”
About Core & Main
Based in St. Louis, Core & Main is a leader in advancing reliable infrastructure™ with local service, nationwide®. As a leading specialized distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, Core & Main provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets, nationwide. With more than 350 locations across the U.S., the company provides its customers local expertise backed by a national supply chain. Core & Main’s nearly 5,500 associates are committed to helping their communities thrive with safe and reliable infrastructure. Visit coreandmain.com to learn more.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this press release include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include information concerning Core & Main’s financial and operating outlook, as well as any other statement that does not directly relate to any historical or current fact. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “could,” “should,” “forecasts,” “expects,” “intends,” “plans,” “anticipates,” “projects,” “outlook,” “believes,” “estimates,” “predicts,” “potential,” “continue,” “preliminary,” or the negative of these terms or other comparable terminology. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we can give you no assurance these expectations will prove to have been correct. These forward-looking statements relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to differ materially from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.
Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
Contacts
Investor Relations:
Robyn Bradbury, 314-995-9116
InvestorRelations@CoreandMain.com
Media Relations:
Jennifer Noonan, 314-750-9670
Jennifer.Noonan@CoreandMain.com
Colliers agrees partnership in Switzerland to strengthen European presence
Multi-disciplinary team adds depth in major European market LONDON and ZURICH, July 10, 2024 (GLOBE NEWSWIRE) — Colliers, a leading diversified professional services and investment management company, is set to fortify its European presence through a partnership agreement with SPGI Zurich AG. This strategic alignment will see the Switzerland-based commercial property advisor join Colliers’ expansive… [Read More]
Primaris REIT Announces Distribution for July 2024
TORONTO–(BUSINESS WIRE)–Primaris Real Estate Investment Trust (“Primaris” or the “Trust”) (TSX: PMZ.UN) announced today that its Board of Trustees has declared a distribution of $0.07 per unit for the month of July 2024, representing $0.84 per unit on an annualized basis. The distribution will be payable on August 15, 2024 to unitholders of record on July 31, 2024.
About Primaris Real Estate Investment Trust
Primaris is Canada’s only enclosed shopping centre focused REIT, with ownership interests primarily in leading enclosed shopping centres located in growing mid-sized markets. The portfolio totals 39 properties, or 12.5 million square feet valued at approximately $3.8 billion at Primaris’ share. Economies of scale are achieved through its fully internal, vertically integrated, full-service national management platform. Primaris 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.
For more information: TSX: PMZ.UN www.primarisreit.com www.sedarplus.ca
Contacts
Alex Avery
Chief Executive Officer
416-642-7837
aavery@primarisreit.com
Rags Davloor
Chief Financial Officer
416-645-3716
rdavloor@primarisreit.com
Claire Mahaney
VP, Investor Relations & ESG
647-949-3093
cmahaney@primarisreit.com
Timothy Pire
Chair of the Board
chair@primarisreit.com
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