Monthly Archives: June 2024

CapMan Residential Fund Expands Nordic Footprint with Ursvik Investment

(IN BRIEF) CapMan Residential Fund has expanded its portfolio with a new investment in Ursvik, Sundbyberg, acquiring a forward funding project comprising 289 rental apartments and amenities like an underground parking garage with EV chargers. This strategic move, managed by … Read the full press release

CapMan Real Estate Partners with Nobis to Transform Solna Kasernen 1 into Premier Stockholm Destination

(IN BRIEF) CapMan Real Estate has finalized a 20-year lease agreement with Nobis Hospitality Group to develop the Solna Kasernen 1 property in Stockholm’s Royal Haga project into a luxurious hotel, spa, and conference facility. Located in Hagaparken, the site … Read the full press release

BBVA Sells €270 Million Non-Performing Loan Portfolio in Spain to AXACTOR

(IN BRIEF) BBVA has completed the sale of the ‘Estoril Project,’ a portfolio of unsecured non-performing loans totaling €270 million, to AXACTOR. This transaction is part of BBVA’s strategy to optimize its balance sheet and improve its non-performing loan ratio … Read the full press release

Vattenfall Champions Gender Equality at French Ministry’s Energy and Ecology Event

(IN BRIEF) Vattenfall recently participated in a Paris event hosted by French Minister Christophe Béchu, focusing on improving women’s access to careers in energy and ecology transition. Through their partnership with Marie Claire’s “Act for Equality,” Vattenfall highlighted their commitment … Read the full press release

Hindalco Awards Metso Contract for India’s First Electronic Waste Recycling Facility

(IN BRIEF) Hindalco Industries Limited, a key player in aluminum and copper production, has awarded Metso a significant contract to build India’s first electronic waste recycling facility near their Birla copper unit in Gujarat. This greenfield project aims to annually … Read the full press release

SGS Partners with Jetoil to Implement Fuel Quality Certification Program Across Greece

(IN BRIEF) SGS has formed a partnership with Jetoil, a leading fuel retailer in Greece with 113 gas stations. Through this collaboration, SGS will implement its Fuel Quality Certification Program, known as the Seal of Quality, across all Jetoil stations. … Read the full press release

SGS Expands Biopharmaceutical Services with New Stability Studies Capabilities in Birsfelden Laboratory

(IN BRIEF) SGS has expanded its laboratory in Birsfelden, Switzerland, to offer comprehensive stability studies as part of its biopharmaceutical service portfolio. Effective February 2024, the enhanced facility provides integrated services including controlled temperature storage and various analytical tests, ensuring … Read the full press release

Ørsted and Nuveen Infrastructure Reach Milestone with First Turbine Installed at Borkum Riffgrund 3 Offshore Wind Farm

(IN BRIEF) Ørsted and Nuveen Infrastructure have achieved a significant milestone with the installation of the first wind turbine at the Borkum Riffgrund 3 offshore wind farm in Germany. Once completed, this 913 MW project will be Germany’s largest offshore … Read the full press release

H&M and Partners Celebrate Basquiat Collection in Parisian Showcase

(IN BRIEF) H&M, alongside Ev Bravado and Téla D’Amore, celebrated their collaborative collection inspired by Jean-Michel Basquiat in Paris. The event gathered celebrities, artists, and industry insiders to showcase the fusion of Basquiat’s art with modern fashion. Guests participated in … Read the full press release

La Vera Carbon2Nature: Iberdrola Launches Major Reforestation Project in Jaraíz de la Vera

(IN BRIEF) Iberdrola has launched the “La Vera Carbon2Nature” project in Jaraíz de la Vera, Spain, aiming to manage 1,499 hectares of pastureland over 50 years. The project involves planting more than 700,000 trees to restore a dehesa ecosystem and … Read the full press release

Roche Launches Advanced Diagnostic Test for B-Cell Lymphoma Detection

(IN BRIEF) Roche has introduced the VENTANA® Kappa and Lambda Dual ISH mRNA Probe Cocktail assay, the first clinically approved in-situ hybridisation (ISH) test of its kind. Designed to enhance sensitivity in diagnosing B-cell lymphoma, the assay helps differentiate cancerous … Read the full press release

Heidelberg Materials Launches Sixth Quarry Life Award to Promote Biodiversity and Sustainable Quarry Management

(IN BRIEF) Heidelberg Materials has announced the commencement of the sixth edition of the Quarry Life Award, a global competition spanning over 15 countries. With a prize pool of €300,000, the award invites researchers, students, communities, NGOs, and nature enthusiasts … Read the full press release

Al Jazeera’s “101 East – India’s Women Combat Fighters” Wins Women’s Solutions Reporting Award

(IN BRIEF) Al Jazeera’s documentary “101 East – India’s Women Combat Fighters,” by Rudraneil Sengupta and Sreya Banerjee, has been awarded the Women’s Solutions Reporting Award at the 2024 One World Media Awards. The film highlights the courageous journey of … Read the full press release

EIB Group and Spain Launch €3.4 Billion Regional Resilience Fund for Strategic Investments

(IN BRIEF) The European Investment Bank Group (EIB Group) and Spain’s Ministry of Economy, Trade, and Enterprise have launched the Regional Resilience Fund, aimed at channeling Next Generation EU loans into key projects within the Spanish Autonomous Communities. This initiative … Read the full press release

EIB and Iren Group Secure €200 Million for Modernizing Italy’s Electricity Infrastructure

(IN BRIEF) The European Investment Bank (EIB) and the Iren Group have signed a €200 million financing agreement to enhance electricity infrastructure in Parma, Turin, and Vercelli. The project focuses on increasing grid resilience, digitizing services, and improving electricity consumption … Read the full press release

Pioneering Collaboration Transforms Sustainable Transport for IKEA in Portugal

(IN BRIEF) IKEA, in partnership with Scania Group and transporter KLOG, is launching heavy-duty electric vehicles for transporting its products in Portugal. Starting in late June, these vehicles will move goods from the IKEA Industry factory in Paços de Ferreira … Read the full press release

ZF LIFETEC Innovates Dual Contour Airbag for Enhanced Safety in Automated Driving

(IN BRIEF) ZF LIFETEC, a division of ZF Group based in Alfdorf, Germany, has introduced advanced dual contour airbag technology aimed at enhancing safety in automated driving scenarios. The dual contour airbag adjusts its size and inflation pressure based on … Read the full press release

Logicor Breaks Ground on Cutting-Edge Logistics Facility in Gothenburg, Sweden

(IN BRIEF) Logicor, a key player in European logistics real estate, has commenced construction on a state-of-the-art logistics facility in Backa, Gothenburg, Sweden. This project marks Logicor’s strategic expansion in Sweden, aiming to meet the high demand for modern, sustainable … Read the full press release

Grupo Oesía and Thales Forge Strategic Alliance to Enhance Defence and Security Technologies

(IN BRIEF) Grupo Oesía and Thales have finalized a strategic collaboration agreement at the Eurosatory fair in Paris, aimed at advancing technology development in defence, security, aerospace, naval, digital transformation, and cybersecurity sectors. The partnership seeks to integrate their respective … Read the full press release

Amey Secures £30 Million Contract to Enhance Northern Ireland’s Water Infrastructure

(IN BRIEF) Amey has secured a new £30 million contract with Northern Ireland’s Department for Infrastructure Rivers to provide civil engineering consultancy and water management services over up to five years. The contract includes improving watercourses, constructing flood defenses, and … Read the full press release