Madison Realty Capital provides US$53 million financing for Brooklyn's multifamily development20/1/2021 KUALA LUMPUR, Jan 20 -- Madison Realty Capital, a New York City-based real estate private equity firm, has provided US$53 million in construction financing to Heritage Equity Partners, led by Toby Moskovits and Michael Lichtenstein. (US$1 = RM4.046) According to a statement, this is for a 150-unit ground-up multifamily development located at 875 4th Avenue between 32nd and 33rd Streets, in ‘South Park Slope’, also known as the Sunset Park neighbourhood of Brooklyn, NY. The loan features a LIBOR-based floating rate and was arranged by Meridian Capital Group and its Director Elliot Kunstlinger, who has a working relationship with both Heritage Equity Partners and Madison Realty Capital. The project is expected to be completed by the second quarter of 2022. Heritage Development, a vertically integrated development and management firm with focus on residential, commercial, and hospitality projects, serves as general contractor for the project. The property will span approximately 140,000 square feet and include a total of 150 studio, one-bedroom and two-bedroom units. Residents will enjoy access to numerous top-tier amenities including a gym and yoga studio, children’s playroom, shared workspace, function room, shared outdoor space, rooftop grill and sun deck, as well as in-unit washers and dryers. Further, the building boasts waterfront views and is the only Class A residential building within walking distance to the bustling creative hub at Industry City, as well as numerous transportation options including the D, N and R subway lines. Over the past five years, Industry City has experienced an influx of tech and creative jobs which has led to a vibrant revitalisation of the area including numerous mixed-use, residential and retail development and office redevelopment projects. -- BERNAMA
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KUALA LUMPUR, Jan 19 -- Taconic Biosciences, a global leader in providing drug discovery animal model solutions, has announced an expansion of its immuno-oncology portfolio.
According to a statement, immuno-oncology is a leading research priority because it uses the body’s own immune system to effectively treat some types of cancer. Syngeneic tumor animal models play a critical role because they use standard inbred mice that have competent immune system, which is required to evaluate immune-modulating therapies. These models are engrafted with mouse tumours derived from the same strain background; this genetic similarity between tumour and host prevents the host from rejecting the tumor. One consideration in using syngeneic models is that some drug candidates can cause a negative immune response not seen in humans. Standard mice may develop anti-drug antibodies (ADA), which can neutralise the therapeutic or even trigger anaphylaxis, preventing researchers from determining therapeutic efficacy in a preclinical study. Taconic’s Jh mouse, which lacks B cells but retains other immune cell types, such as T cells important for evaluation of immunotherapies, is widely used to overcome this problem. Taconic’s Jh mouse was previously only available on the BALB/c background, so it was applicable to only a portion of syngeneic tumor studies. The new Jh mouse on the C57BL/6 background expands utility to cover most studies. Cohorts of both the C57BL/6 and BALB/c versions of the Jh mouse are available for immediate delivery. -- BERNAMA Southwest China's Chongqing Liangjiang New Area undertakes high-quality development journey18/1/2021 KUALA LUMPUR, Jan 18 -- Southwest China's Chongqing Municipality recently held a press conference on turning Liangjiang New Area into a region with high-quality life and development, according to Chongqing Liangjiang New Area Management Committee.
As the third state-level development and opening-up new district in China and the first of its kind in the central and western regions, Liangjiang New Area has been developing for 10 years. The press conference offered detailed introduction of the guideline issued last November to boost the area's high-quality development, designed to help make Liangjiang New Area an inland opening-up portal, smart city in Chongqing and a pilot area in high-quality life and development. Specifically, by 2025, high-end and high-quality high-tech industries will gather at an accelerated pace, while innovation and entrepreneurship will enjoy full play, according to a statement. The area is expected to take the lead in development and opening-up in west China, with enhanced smart governance capabilities. A number of influential modern industrial clusters will be formed, with upgraded industrial foundation and modernised industrial chains. The guideline is set to help Liangjiang New Area expand new frontiers and inject strong impetus in seeking high-quality development. Liangjiang will speed up the construction of the core place of the sci-tech innovation centre as well as the high-quality development of the real economy, especially advanced manufacturing. Chongqing Municipal Development and Reform Commission will support and promote the introduction of major national industrial projects in Liangjiang. This is to help the area build a national demonstration zone for high-quality development in manufacturing industry, a national demonstration zone for industrial transformation and upgrading, and a demonstration base for new industrial industries. -- BERNAMA KUALA LUMPUR, Jan 13 -- Accuity has announced the availability of Bankers Almanac Enhanced Due Diligence, a new solution enabling banks to conduct efficient and effective KYC risk assessments of their financial counterparties within a single application.
The leading global provider of financial crime screening, payment services, and know your customer (KYC) solutions, Accuity has brought together two of its solutions, Bankers Almanac: Counterparty KYC and Firco Compliance Link. This is to create an ‘out-of-the-box' SaaS platform that automates the enhanced due diligence reports and audit trails required to meet regulatory guidance, according to a statement. Bankers Almanac Enhanced Due Diligence helps banks meet ever-increasing regulatory expectations, while improving operational efficiency and minimising the mounting cost of compliance. It addresses these issues by providing detailed documentation of the risk identification process for greater transparency, including an electronic audit trail of all actions taken. It also automates the financial counterparty KYC and financial crime screening processes within a single interface and brings down the total cost of ownership of the KYC process by streamlining systems and reducing manual tasks. Bankers Almanac Enhanced Due Diligence automates the risk identification process. The solution connects the comprehensive Bankers Almanac data set of over 200,000 global financial institutions, including names, addresses, and ownership information, with Firco Compliance Link, which assesses sanctions and money laundering risk by screening entities against the full breadth of financial crime data. -- BERNAMA The UK-ASEAN Energy Efficiency Accelerator is supporting food and beverage companies in Malaysia, Myanmar, the Philippines, Thailand and Vietnam to improve their energy efficiency and reduce energy costs under the ASEAN Low Carbon Energy Programme, funded by the UK Government’s Prosperity Fund.
SINGAPORE, Jan 14 (Bernama-BUSINESS WIRE) -- The Carbon Trust has today launched the UK-ASEAN Energy Efficiency Accelerator (the Accelerator) to support businesses across Southeast Asia scale up energy efficiency improvements. Set to run until March 2022 the Accelerator will primarily focus on the food and beverage sector in Malaysia, Myanmar, Philippines, Thailand and Vietnam, supporting companies at different stages of their energy management journey to help them realise the importance of energy efficiency. The food and beverage sector has been identified for this targeted support as it is one of the most energy consuming industrial sectors in the region, with the potential to save up to 4.5Mtoe in energy consumption (or 35% of total current energy consumption). Programme support is available to small, medium and large companies involved in processing and manufacturing of food and beverages. Funded by the UK Government Prosperity Fund through the ASEAN Low Carbon Energy Programme, the Accelerator aims to promote improved energy efficiency target setting and performance through the adoption of energy management systems. To help companies improve their understanding of where opportunities for energy efficiency exist, a series of open access energy savings guides covering seven of the most common processes in the food and beverage sector, including refrigeration, cooking, distillation and drying are now available. A guide on establishing an energy management system aligned to ISO50001 global best practice is also readily available. In addition, the Accelerator will be delivering free to access capacity building workshops and technical assistance to companies of all sizes – ranging from small to large multi-national companies. The aim of the support is to help companies to understand their current energy use, set energy efficiency targets, identify energy savings opportunities, take steps to set up new energy management systems or improve existing systems, and develop tailored internal capacity building workshops. As part of the Accelerator, a series of online events related to energy efficiency in the food and beverage sector will be hosted. Together with knowledge partner Spirax Sarco, the Accelerator will deliver a virtual training session on optimising steam system generation, distribution, and end-user efficiencies in the food and beverage sector on the 26th January at 15:30 (GMT+8). Jane Ellaway, Head of Prosperity Fund, Southeast Asia, said: “The launch of the UK-ASEAN Energy Efficiency Accelerator provides a great opportunity for the food and beverage sector to kick start their journey towards better energy efficiency and management. This investment in Energy Efficiency is important, as part of a green and resilient economic recovery; as well as to meet the goals of the Paris agreement. The UK is pleased to be a partner in this effort and hopes that the Accelerator can be the platform to share the UK’s knowledge and best practice in this area.” Chris Stephens, Director – Asia, the Carbon Trust, commented: “We are delighted to be able to draw on our extensive experience in energy efficiency to offer free support to local businesses to reduce their energy bills and cut emissions at the same time. We are seeing more companies around the world set ambitious energy efficiency targets as a central pillar of their sustainability strategies and we’re excited to be supporting leading businesses to do the same in Southeast Asia. This is the right time for businesses to be implementing low cost energy efficiency measures – it’s a win for them and for the planet.” The UK-ASEAN Energy Efficiency Accelerator will run until the end of March 2022. ENDS About the Carbon Trust Established in 2001, the Carbon Trust works with businesses, governments and institutions around the world, helping them contribute to, and benefit from, a more sustainable future through carbon reduction, resource efficiency strategies, and commercialising low carbon businesses, systems and technologies. The Carbon Trust: · works with corporates and governments, helping them to align their strategies with climate science and meet the goals of the Paris Agreement · provides expert advice and assurance, giving investors and financial institutions the confidence that green finance will have genuinely green outcomes · supports the development of low carbon technologies and solutions, building the foundations for the energy system of the future. Headquartered in London, the Carbon Trust has a global team of over 200 staff, representing over 30 nationalities based across five continents. View source version on businesswire.com: https://www.businesswire.com/news/home/20210113005747/en/ Contact For more information please contact Ainslie Macleod at the Carbon Trust: +44 (0)207 170 7050 or [email protected] Source : The Carbon Trust --BERNAMA |
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