first_imgAP3 said it had no fixed target for investment through the joint venture, and that the amount it invested would depend on the investment opportunities presenting themselves.The joint venture will see Balder and AP3 investing equally and having equal ownership of the assets.The new residential company will focus mainly on producing rental properties in growth areas within Sweden, including the country’s three metropolitan regions, as well as other areas where the population is growing.It said the property development would concentrate on being environmentally friendly.Erik Selin, chief executive at Balder and its main owner, said it was important for the company to co-invest with a player such as AP3, which, like Balder, took a long-term view on investment.“The constellation becomes strong and opens up many possibilities,” he said.In other news, Danish labour-market pension fund PensionDanmark is buying commercial properties in the cities of Aalborg and Copenhagen.The DKK171bn (€22.9bn) pension fund has bought a 7,000sqm property in Aalborg and a 26,000sqm property in the Østerbro district of Copenhagen.The Aalborg property was bought from real estate firm Nordjyske Ejendomme, and the Østerbro building was sold by Danske Bank.PensionDanmark did not disclose the value of the deals.The largest tenants of the buildings include the Appeals Board (Ankestyrelsen), as well as corporates Egmont and Danske Bank.Karsten Withington Brink, deputy director at PensionDanmark, said: “We are continually working to expand our portfolio with well-located commercial properties with solid tenants on long leases.”The pension fund made two other property investments in Aalborg recently – Alfa Laval’s new headquarters and the building housing IT firm KMD. Swedish pensions buffer fund AP3 is taking a first step into the residential property market forming a joint venture to invest in domestic residential property with listed real estate firm Balder.Kerstin Hessius, chief executive of the SEK304bn (€32.7bn) Gothenburg-based pension fund, said: “We see good opportunities in developing our Swedish property portfolio with residential together with Balder, a well-established company in the sector.”She said the strong population growth expected in Sweden meant there was a big need for more provision of residential accommodation.Although AP3 holds more than 13% of its assets, or SEK41.1bn, in real estate, so far it has never invested in the residential sector.last_img read more

first_imgOAKLAND – The whistle shrieked once again in DeMarcus Cousins’ ear, which represented the soundtrack to his frustration. In the Warriors’ 128-95 loss to the Boston Celtics on Tuesday at Oracle Arena, Cousins struggled in so many areas. He struggled with his shooting, scoring 10 points while going 4-of-12 from the field and 0-of-5 from 3. He struggled with his defense, as the Celtics became the latest team to expose his ongoing adjustments with his conditioning and switching. He struggled with …last_img read more

first_imgDon’t miss out on the latest news and information. Private companies step in to help SEA Games hosting The U.S. is ranked No. 1 in the world and will face the Czech Republic, Japan and Turkey during Group E games in Shanghai. The Americans will hold training camps in Las Vegas and Los Angeles in August, then have exhibition games in California and Australia before arriving in China.The U.S. is seeking its third consecutive World Cup gold medal.Sports Related Videospowered by AdSparcRead Next Philippine Arena Interchange inaugurated Atlanta Hawks head coach Lloyd Pierce reacts in the first half of an NBA basketball game against the Indiana Pacers Wednesday, April 10, 2019, in Atlanta. (AP Photo/John Bazemore)Atlanta Hawks coach Lloyd Pierce has been added as an assistant coach for USA Basketball this summer, when the Americans will compete in the FIBA World Cup in China and try to qualify for the 2020 Tokyo Olympics.Pierce is replacing Indiana Pacers coach Nate McMillan, who withdrew because of scheduling conflicts. Pierce, the Golden State Warriors’ Steve Kerr and Villanova’s Jay Wright will be the assistants under head coach Gregg Popovich of the San Antonio Spurs.ADVERTISEMENT Duterte wants probe of SEA Games mess Suns fire Igor Igor Kokoskov after 1 losing season PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss View comments MOST READ DA eyes importing ‘galunggong’ anew SEA Games hosting troubles anger Duterte Hontiveros presses for security audit of national power grid LATEST STORIES Panelo: Duterte ‘angry’ with SEA Games hosting hassles Cayetano: Senate, Drilon to be blamed for SEA Games mess The World Cup stretches through Sept. 15. The demands of the schedule and the travel would have likely been too daunting for McMillan — whose Pacers are scheduled to open training camp not long after the World Cup gold-medal game, and will then travel to India for a pair of preseason games on Oct. 4-5.“It’s an honor to receive this opportunity to represent our country and to work with such great coaches and staff,” Pierce said. “My family and I are excited about and committed to enjoying this journey.”FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logisticsPierce has history with U.S. men’s national team managing director Jerry Colangelo. When Colangelo was working for Philadelphia, Pierce was an assistant coach there.“He has demonstrated the ability in particular to be an outstanding defensive coach,” Colangelo said. “Also, it was evident during our time together in Philadelphia that he was a strong leader, players respected him a great deal. I think we’re fortunate to have someone of his abilities. I think he’s really a good addition.”last_img read more

Foxconn putting US headquarters in Milwaukee Explore further © 2018 The Associated Press. All rights reserved. Foxconn has selected general contractor and engineering consultants with ties to Wisconsin to begin construction of the $10 billion manufacturing center that could eventually employ as many as 13,000 people.M+W Gilbane will serve as the construction manager and will oversee the budget and bid development. It’s expected to begin issuing bid requests in the next several weeks. M+W Gilbane is a joint venture between Gilbane Building Company, Milwaukee’s largest builder, with operations throughout Wisconsin, and M+W Group, a company with expertise in advanced technology facilities.CH2M Companies will provide engineering and architecture services, including planning and environmental permitting. CH2M became a subsidiary of Jacobs Engineering Group Inc. last December. Jacobs is a global leader in design and construction services for electronics projects in the flat panel display and microelectronic sectors.The Sigma Group will provide environmental consulting and engineering services as they relate to permitting, planning and site design.”Each company has a track record of excellence and a commitment to quality that will help us take advantage of the talented and hard-working workforce in Wisconsin,” Louis Woo, a top Foxconn executive, said in a statement.Work on hiring construction workers for phase one is expected to begin within 60 days.The global technology giant plans to make liquid crystal display panels at the complex in Mount Pleasant, located between Chicago and Milwaukee. Wisconsin landed the Foxconn complex last summer with help from President Donald Trump’s administration. Foxconn Technology Group has selected some key companies to begin building its massive flat screen manufacturing complex in Racine County, the Taiwanese company announced Tuesday. Citation: Foxconn selects general contractor, engineering consultants (2018, March 20) retrieved 18 July 2019 from This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. read more