TORONTO, Dec. 15, 2021 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”) (TSX: REI.UN) today announced a distribution of 8 cents per unit for the month of December. The distribution will be payable on January 10, 2022 to unitholders of record as at December 31, 2021. About RioCanRioCan is one of Canada’s largest real… [Read More]
ERES REIT Declares December 2021 Monthly Distribution
TORONTO, Dec. 15, 2021 (GLOBE NEWSWIRE) — European Residential Real Estate Investment Trust (TSX: ERE.UN, “ERES”) is pleased to announce that the trustees of ERES have declared the December 2021 monthly cash distribution of €0.00917 per Unit and Class B LP Unit (the “December Distribution”), being equivalent to €0.110 per Unit annualized. The distribution will… [Read More]
Artis Real Estate Investment Trust Announces Renewal of Normal Course Issuer Bid
WINNIPEG, MB, Dec. 15, 2021 /CNW/ – Artis Real Estate Investment Trust (“Artis” or the “REIT”) (TSX: AXUN) announced today that it has received approval from the Toronto Stock Exchange (“TSX”) to renew its normal course issuer bid (the “Bid”) for a further year. Under the terms of the Bid, Artis may purchase up to… [Read More]
FLAGSHIP COMMUNITIES REAL ESTATE INVESTMENT TRUST ANNOUNCES DECEMBER 2021 CASH DISTRIBUTION
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TORONTO, Dec. 15, 2021 /CNW/ – Flagship Communities Real Estate Investment Trust (the “REIT“) (TSX: MHC.U) announced today a cash distribution of US$0.0446 per REIT unit for the month of December 2021, representing US$0.5355 per REIT unit on an annual basis. Payment will… [Read More]
Bridgemarq Real Estate Services Declares Dividend
TORONTO, Dec. 15, 2021 /CNW/ – Bridgemarq Real Estate Services Inc. (“Bridgemarq” or the “Company”) (TSX: BRE) today announced a cash dividend of $0.1125 per restricted voting share payable on January 31, 2021, to shareholders of record on December 31, 2021. Bridgemarq is continuing to closely monitor economic developments resulting from the COVID-19 pandemic that… [Read More]
StorageVault Announces Quarterly Dividend for Q4 2021
TORONTO, Dec. 15, 2021 (GLOBE NEWSWIRE) — STORAGEVAULT CANADA INC. (“StorageVault” or the “Corporation”) (SVI-TSX-V) announced today that a quarterly dividend of $0.002761 per common share (“Common Share”) will be payable on January 17, 2022 to shareholders of record on December 31, 2021, with an ex-dividend date of December 30, 2021. This dividend has been… [Read More]
Royal LePage: Canada’s national aggregate home price forecast to rise 10.5% by the end of 2022
Omicron variant emergence may extend period of unusually strong real estate markets The GTA is the only region where condominium price appreciation is forecast to outpace that of detached homes; prices expected to rise 12.0% year-over-year in 2022 Greater regions of Toronto and Vancouver forecast to see highest aggregate price appreciation at 11.0% and 10.5%,… [Read More]
Lakeview Hotel Investment Corp Amends the Amended and Restated Credit Agreement
WINNIPEG, MB, Dec. 14, 2021 /CNW/ – Lakeview Hotel Investment Corp. (“LHIC“) announces that it has amended its amended and restated credit agreement dated January 31, 2018 as amended by a first amending agreement on December 18, 2018, a second amending agreement on June 19, 2019, a third amending agreement on December 31, 2019, a… [Read More]
SmartStop Self Storage REIT’s Chairman and CEO, H. Michael Schwartz, to Present at the Jefferies Inaugural Real Estate Conference
LADERA RANCH, Calif.–(BUSINESS WIRE)–SmartStop Self Storage REIT, Inc. (“SmartStop” or the “Company”), a self-managed and fully-integrated self storage company, today announced that H. Michael Schwartz, the Company’s Chairman and CEO, will participate in a panel presentation at the Jefferies Inaugural Real Estate Conference in a panel titled: Self-Storage: Migration, Movement & M&A…Secular Growth or When Will it Slow. The panel will be webcast live on December 15, 2021 at approximately 2:30 pm Eastern Time to registered conference attendees. Mr. Schwartz, along with other representatives of the Company, will also be hosting meetings with registered investors at the conference.
About SmartStop Self Storage REIT, Inc. (SmartStop)
SmartStop is a self-managed REIT with a fully integrated operations team of approximately 400 self storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary SmartStop REIT Advisors, LLC, also sponsors other self storage programs. As of December 13, 2021, SmartStop is one of the largest self storage companies in North America, with an owned and managed portfolio of 160 properties in 19 states and Ontario, Canada and comprising approximately 109,000 units and 12.3 million rentable square feet. SmartStop and its affiliates own or manage 19 operating self storage properties in the Greater Toronto Area, which total approximately 16,200 units and 1.7 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.
Contacts
David Corak
VP of Corporate Finance
SmartStop Self Storage REIT, Inc.
949-542-3331
IR@smartstop.com
H.I.G. Europe Completes the Acquisition of Standard Hidraulica
MADRID–(BUSINESS WIRE)–#BathroomTaps–H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $45 billion of equity capital under management, announced that one of its affiliates acquired Standard Hidraulica (“STH” or the “Company”), an international industrial group with a leading presence in the plumbing supplies category, previously part of industrial technology company Aalberts N.V. which is listed at the Euronext stock exchange in Amsterdam, the Netherlands. H.I.G. plans to accelerate the Company’s growth and lead a consolidation in its core markets.
STH is headquartered in Montcada i Reixac (Barcelona, Spain), and operates subsidiaries in Pinto (Madrid, Spain), United Kingdom (Leigh, Greater Manchester), South Africa (Johannesburg, Port Elizabeth and Cape Town), and Greece (Acharnes, Athens).
Jaime Bergel, Managing Director of H.I.G. Spain, said: “We are committed to supporting the senior leadership team of STH in achieving their ambitious business plan which should translate in substantial growth over the coming years. As part of the transaction, H.I.G. will support STH in its transition to an independent company while accelerating its customer-focused expansion in the local and international markets.”
Jaume Llacuna, CEO of STH said: “The investment by H.I.G. is great news for STH and its stakeholders. STH is recognised as one of the market leaders across many of our businesses and the categories that we operate in. I am very excited to work with the team at H.I.G. to capitalise on the enormous potential for growth we have within our local and international geographies. We are well positioned to push forward with our plans for organic and inorganic growth. Our collective commitment, energy and passion will be at the heart of our future success. Together with H.I.G., we look forward to building an even stronger business in the coming years.”
About Standard Hidraulica
STH was founded in 1975 in Montcada i Reixac (Barcelona). With a philosophy based on product quality, customer service, constant technological research and respect for the environment, STH has become a reference partner in the water and gas connection and control, kitchen and bathroom taps in both residential and non-residential areas, and civil works such as water and gas distribution networks. STH is certified with ISO 9001 and ISO 14001. For more information, please refer to the STH website: https://www.standardhidraulica.com.
About H.I.G. Capital
H.I.G. is a leading global alternative assets investment firm with over $45 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized 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. is also a leading CLO manager, through its WhiteHorse family of vehicles, and 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 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.
H.I.G. European Capital Partners Spain is a legally independent advisor to H.I.G. Capital LLC, H.I.G. Europe Capital Partners, L.P., H.I.G. Europe Capital Partners II, L.P. and H.I.G. Europe Capital Partners III, L.P.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.
Contacts
Jaime Bergel
Managing Director
jbergel@higcapital.com
H.I.G. Capital
Antonio Maura 4 – 4th Floor
28014 Madrid
P +34 91 737 50 50
www.higcapital.com
Lafarge Canada Awarded for Outstanding Contribution to BC Transportation
The organization has been acknowledged as part of the BC Transportation Contractor of the Year Awards of Excellence
VANCOUVER, British Columbia–(BUSINESS WIRE)–Each year, the Province celebrates organizations that have made outstanding contributions to British Columbia’s transportation system. This year, due to the pandemic, the Ministry presented awards for both 2020 and 2021, with Lafarge Canada Inc. nominated four times for Contractor of the Year for the two-year period.
“We’re thrilled with these nominations and the recognition it gives to our teams across the province,” shares Lincoln Kyne, Vice President & General Manager, BC. “The Ministry of Transportation & Infrastructure builds infrastructure that needs to last decades and our commitment as a contractor is to deliver high quality value projects for our Province. These awards reflect that commitment.”
Reflecting the organization’s desire to put health and safety at the forefront of all operations, Lafarge was the 2020 Workplace Health and Safety Award Winner. “The perimeter lighting was a game changer,” shares Kyne. “Now it doesn’t matter where our teams are working, or what the weather conditions are – they’re safe, continually.” Lafarge won for their perimeter lighting system, which provides a distinctive red line of light, 10 feet around asphalt paving rollers to create an operator-only safe workspace. As well, Lafarge’s new personal hard hat lighting system for asphalt paving technicians was acknowledged in the award.
Lafarge was also a winner in the 2021 Grading category for the Lower Lynn Creek Connectivity Project. “The site is incredibly busy,” says Kyne. “There are more than 120,000 vehicles passing through every day. It took a lot for us to not only coordinate construction phases, but to make sure that everyone involved stayed safe, that highly sensitive environmental considerations were managed and risks mitigated, and that we stuck to the schedule with the least amount of disruption for the community.”
Lafarge Canada was also nominated as the 2020 Runner Up for the massive Mountain Highway Interchange Project and the 2021 Runner Up for asphalt resurfacing at Hwy 97 Vernon Arterial and Old Kamloops Road. Both projects involved complex traffic rerouting and stakeholder engagement strategies, and were completed on schedule. “We work across the Province,” explains Kyne. “We are familiar with the challenges that come with these projects and specifically in the communities they impact. We are fully committed to helping the industry keep improving and innovating.”
The awards were presented to Lafarge Canada at MoTI’s awards ceremony on December 3, 2021. “It’s an honor to accept these awards,” says Kyne, “and it’s a great push for us to keep on being the best we can be.”
About the B.C. Transportation Contractor of the Year Awards of Excellence
2020 Workplace Health and Safety – 2020 – WINNER
Lafarge GVA Construction – James Silver, Mark O’Callaghan, Shaun Marsden, Mike Darby
Lafarge Canada Inc. introduced the red perimeter lighting system and ILLUMAGEAR Halo SL, which increases the visibility of both ground personnel and equipment. The red perimeter lighting system provides a distinctive red line of light, 10 feet around asphalt paving rollers to creating an operator-only safe workspace. The red light provides other ground personnel and members of the public with early indication that they are in an unsafe position. The lights are mounted on the equipment, which allows the illuminated workspace to move with the equipment. Lafarge Canada Inc. also mandated use of the ILLUMAGEAR Halo SL, a personal hard hat lighting system for asphalt paving on-site quality control technicians. This system provides a 360-degree ring of light that attaches to hardhats, is visible for up to 400 metres away and provides supplementary task lighting to the user.
Grading – 2020 – Runner Up
Lafarge GVA Infrastructure – Project Manager – Gord Bird
Mountain Highway Interchange Project – This $36M project included removing and replacing the existing two lane underpass to a five lane underpass. The improvements included new on and off ramps to Highway 1, two soil nail walls (up to 12m high), three cast in place concrete retaining walls, pedestrian tunnel, capacity improvements to Keith Road and Mountain Highway, pedestrian and cyclist improvements through the construction of multi-use pathways, as well as major drainage and utility upgrades and environmental enhancements. Lafarge introduced several sustainable options including the use of Aggneo on one of the first major highway infrastructure projects in the province.
Grading – 2021 – WINNER
Lafarge GVA Infrastructure – Project Manager – Paulo Perez
Lower Lynn Creek Connectivity Project – This $64M project included the reconstruction of the existing Highway 1 at Keith Road Interchange and new westbound collector lanes. Construction included a new five-lane Keith Road underpass, realignment of Keith Road, reconstruction of ramps, reconstruction of the Lillooet/Seymour Parkway intersection, two new Highway 1 westbound collector lanes, two new Highway 1 Lynn Creek Bridges, new Mountain Highway eastbound on-ramp and the relocation of Keith Creek. Over 120,000 vehicles passed through the site each day. There were extensive utility relocations and upgrades, complex construction staging and traffic management and nearby sensitive environmental habitat, all within a densely populated and constrained area. Lafarge worked with stakeholders to address challenges that arose on this complex project through innovation and collaboration.
Paving – 2021 – Runner Up
Vernon Paving (a division of Lafarge Canada Inc.) – Jody Bridge, Scott Horsfield
Asphalt Surfacing Hwy 97 Vernon Arterial and Old Kamloops Road – The $4M project consisted of a section of Highway 97 from north of 43rd Avenue to College Way and approximately six kilometers along Old Kamloops Road was assessed as requiring resurfacing and road repairs. The project also included the construction of approximately 185 meters of right-turn lane on Highway 97 onto 43rd Avenue and median extension at 37th Avenue. The road repairs and resurfacing resulted in a smoother riding surface and improved dust control. This project improved safety and efficiency of the roadway and increased corridor capacity, mobility and reliability. Vernon Paving (Lafarge) took a proactive approach to protect the environment and effectively addressed environmental concerns that arose.
About Lafarge Canada Inc.
Lafarge is Canada’s largest provider of sustainable construction materials and a member of the global group, Holcim. With 6,000 employees and 350 sites across Canada, our mission is to provide construction solutions that build better cities and communities. The cities where Canadians live, work and raise their families along with the community’s infrastructure benefit from the solutions provided by Lafarge consisting of aggregates, asphalt and paving, cement, precast concrete, ready-mix concrete, and road construction. www.lafarge.ca
Contacts
Media
Jill Truscott
Manager, Communications – Western Canada
Lafarge Canada Inc.
300, 115 Quarry Park Road SE
Calgary, AB T2C 5G9
Mobile: 403.354.5063
jill.truscott@lafarge.com
Vantage Data Centers Breaks Ground on Two Additional Campuses in High Demand EMEA Markets; Opens First Zurich Campus to Customers
Company will add 72MW of IT capacity in Frankfurt and Berlin
DENVER & LUXEMBOURG–(BUSINESS WIRE)–Vantage Data Centers, a leading global provider of hyperscale data center campuses, today announced the development of additional campuses in two of its existing strategic EMEA markets. With the continued increase in customer demand for premium hyperscale data center space across Europe, Vantage has broken ground on second campuses in both Frankfurt and Berlin. In addition, the company opened its first campus in Zurich.
In the most sought-after data center market in Europe, Vantage has begun construction of a second Frankfurt campus. This five-acre (two-hectare) campus, located in Raunheim, will provide 40MW of critical IT capacity and total more than 355,000 square feet (33,000 square meters) once complete. The initial phase of this five-story facility is scheduled for delivery in the fall of 2022. Vantage is also continuing to develop its flagship Frankfurt campus, located in Offenbach, approximately 30 kilometers from Raunheim. Once fully developed, both campuses will offer hyperscalers, cloud providers and large enterprise customers a total of 95MW of IT capacity in the Frankfurt region.
Vantage has also begun construction of a second campus in Berlin. Located only 20 kilometers from its first Berlin campus and 10 kilometers from the Brandenburg International Airport, the two-building campus will sit on 12 acres (five hectares) and provide 32MW of critical IT capacity. Both facilities will consist of two stories and feature more than 260,000 square feet (24,000 square meters) combined. The initial phase is scheduled to be operational in the summer of 2022. Development continues at the company’s first Berlin campus as well. Once fully developed, both campuses will offer 64MW of IT capacity.
Like all of Vantage’s data centers, these new developments will prioritize reliability, sustainability and environmental responsibility and will follow the company’s standardized building design, which allows for rapid time to market to meet customer demand. The campuses will employ hyper-efficient cooling with outside air economization using minimal water. This approach, along with other design features, enables Vantage to achieve industry-leading power usage effectiveness (PUE) and a water usage efficiency (WUE) of virtually zero. Both new campuses will offer customers renewable energy options and include electric vehicle charging stations, drought-resistant landscaping and motion-sensor LED lighting. Vantage has committed to reaching net zero carbon by 2030 through its comprehensive sustainability program.
“Our new developments in Frankfurt and Berlin are testaments to our significant growth throughout EMEA in less than 24 months in the market,” said Antoine Boniface, president, Vantage EMEA. “Our portfolio now consists of nine campuses throughout EMEA, including our recently announced development in South Africa. Demand from our customers continues to increase in these major economic centers, and our ability to scale quickly ensures our sustainable, state-of-the-art facilities will be ready to meet our customers’ business needs.”
In addition, Vantage recently opened the first of four data centers on its growing Swiss campus sited in Winterthur just 25 kilometers northeast of downtown Zurich. Once fully developed, the seven-acre (three-hectare) campus will offer 40MW of IT capacity to customers.
For more information on Vantage Data Centers’ campuses, please visit: https://vantage-dc.com/data-centers/.
About Vantage Data Centers
Vantage Data Centers powers, cools, protects and connects the technology of the world’s well-known hyperscalers, cloud providers and large enterprises. Developing and operating across five continents in North America, EMEA and Asia Pacific, Vantage has evolved data center design in innovative ways to deliver dramatic gains in reliability, efficiency and sustainability in flexible environments that can scale as quickly as the market demands.
For more information, visit https://vantage-dc.com/.
Contacts
Press Contacts
Mark Freeman
Vantage Data Centers
mfreeman@vantage-dc.com
+1 202-680-4243
Nigel Parker
Fulfil Communications (U.K.)
nigelp@fulfilcom.com
+44 (0) 7778 872 457
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