LONDON: Target Healthcare (LSE: THRL) announces that it completed the disposal of four care homes in Northern Ireland on 24 March 2023. This disposal forms part of the Group’s wider asset management activity and represents around 2.5% of the Group’s overall portfolio value. The disposal price is supportive of the Group’s valuations, being ahead of…
Category: Industry News
News involving food, edible industry, health, lifestyle and real estate across the world. All news and updates are based on official statements and press releases.
AEW UK REIT plc announces acquisition of high yielding retail warehousing unit in Preston
LONDON: AEW UK REIT plc (LSE: AEWU) has completed the purchase of a freehold solus retail warehousing unit in Bamber Bridge, Preston for £6,450,000, reflecting a low capital value of £110 per sq ft and an attractive net initial yield of 9.5%. The 58,696 sq ft unit is single-let to Matalan Retail Limited and has…
M.P. Evans group announces acquisition of planted land in Indonesia
LONDON: The board of M.P.Evans, the producer of sustainable palm oil, announced, in line with its growth strategy, the acquisition, for cash, of additional planted land, adjacent to the Group’s Simpang Kiri estate, in Indonesia. The Group has been successful in acquiring 100% of the shares in two Indonesian companies, PT Teunggulon Raya and PT…
Centuria Agriculture Fund secures 3rd asset, growing assets under management to $320 million
SYDNEY, AUSTRALIA: Centuria Capital Group (ASX: CNI) has secured a 20-hectare tomato glasshouse at 160 Elm St, Guyra NSW on behalf of its unlisted pure-play, Centuria Agriculture Fund (CAF) from a family-owned investment office. The off-market acquisition increases the Group’s total agricultural assets under management (AUM) to $500million. The transaction is CAF’s third off-market glasshouse…
Cargo Therapeutics completes $200 million Series A financing round
LONDON: Cargo Therapeutics LLC (Cargo) on 1 March 2023 announced the completion of its $200 million Series A financing round. RTW Venture Fund alongside other investment vehicles of RTW Investments LP (the “Investment Manager”), confirms that it co-led the Series A financing round together with other investors. Cargo is a privately held clinical stage biotech…
Digital diagnostics developer EDX Medical Group acquires Torax Biosciences
LONDON, UK: EDX Medical Group has acquired the entire issued share capital of Torax Biosciences Ltd. by the issue of 1,666,667 new ordinary shares in the capital of the company at a deemed price of £0.06 per share. EDX Medical develops innovative digital diagnostic products and services for cancer, heart disease, neurology and infectious disease…
Bella Dispensa has acquired Dallatte Italia, a premium dairy products company
LONDON, UK: Zamaz Plc’s wholly owned subsidiary, Bella Dispensa, has acquired the entire issued share capital of Dallatte Italia srl. Dallatte, based in Piedmont, Italy, is a manufacturer and distributor of premium dairy products using natural ingredients including ice cream and pastries, milk, butter and cooking cream, fresh and dry pastries and frozen filled pasta….
Ilika and Cirtec Medical to collaborate in manufacturing of miniature Stereax solid-state batteries
LONDON: Ilika Plc, a pioneer in solid-state battery technology, announces it has broadened its relationship with Cirtec Medical (‘Cirtec’), an industry-leading strategic outsourcing partner of complex medical devices including minimally invasive and active implantable devices, by signing a memorandum of understanding (‘MOU’) which outlines the transfer of Stereax mm-scale battery manufacturing to Cirtec’s facility in…
AstraZeneca completes acquisition of Neogene Therapeutics
LONDON: AstraZeneca has completed the acquisition of Neogene Therapeutics Inc. (Neogene), a global clinical-stage biotechnology company pioneering the discovery, development and manufacturing of next-generation T-cell receptor therapies (TCR-Ts). Neogene will operate as a wholly owned subsidiary of AstraZeneca, with operations in Amsterdam, the Netherlands and California, US. AstraZeneca has acquired all outstanding equity of Neogene…
Totally Plc awarded new contract worth £10 million per annum
LONDON: Totally plc, a leading provider of frontline healthcare services, corporate fitness and wellbeing services across the UK and Ireland, has been awarded a new contract by NHS England to provide national NHS 111 contingency services. The contract, awarded to Vocare Limited (“Vocare”), part of Totally’s Urgent Care division, will run from 1 March 2023…