Partners Group buys out investors in Nordic Niam portfolio

first_imgPartners Group has bought a real estate portfolio in Finland and Sweden for €300m at a discount on the secondary market.The Swiss private market investment manager acquired the retail and office properties from investors in a fund managed by Nordic investment manager Niam.The 380,000sqm portfolio, built up in 2006-07, comprised the remaining assets in Niam Fund III.The fund will be wound up, but Niam will continue to manage the properties with Partners Group. Fund manager Urban Ehrling said he was leaving Niam following the transaction.Partners Group said it “provided an off-market solution, allowing an exit for investors and time to maximise the value creation potential of all remaining assets over the next 3-5 years”.Fabian Neuenschwander, vice-president in real estate secondaries, said: “The Finnish and Swedish real estate markets will continue to perform well in the coming years, and we see this transaction as a unique opportunity for our clients to benefit from this development.”As part of the deal, done in June and July, Partners Group was involved in negotiating the refinancing of all the portfolio’s existing debt facilities, as well as the buyout of minority shareholders and joint-venture partners.It was also involved in preparing a mezzanine facility in the capital structure of one of the investments at preferential terms.Niam said it would work with Partners Group over the next few years to execute a strategy for generating value in the properties.Pekka Salakka, senior director at Niam, said: “Niam is very familiar with these properties because we have been successfully operating these assets since the build-up of the portfolio.”Partners Group has made a number of transactions on the secondary market in recent years.Last month it said it bought 31 investors out of the $1bn (€776m) troubled Chinese property fund Trophy Property Development.last_img read more

Manju Rani ensures silver in World Boxing Championships

first_imgUlan-Ude: Manju Rani (48kg) ensured at least a silver for herself by qualifying for the finals in her weight category at the women’s World Boxing Championships in Ulan-Ude, Russia on Saturday.Veteran Mary Kom (51kg), on the other hand, lost her semi-final bout and thus won her first bronze and eighth medal overall at the World Championships. Jamuna Boro (54kg) and Lovlina Borgohain (69kg) also won bronze after losing their respective semi-final bouts.Out of the four medallists, two — Rani and Jamuna — were making their debut at the World Championships this year.Rani kept her distance from her Thai opponent Chuthamat Raksat, relying on her jab and countering with combinations for most of the bout. She ended up winning the bout 4-1.Jamuna, on the other hand, was outplayed by Chinese Taipei’s Huang Hsiao Wen in her semi-final. She was the shorter boxer and was moving forward in a bid to get inside Wen’s reach and land shots. The strategy didn’t work and Wen ended up taking the bout with a unanimous 5-0 decision.Lovlina’s bout against China’s Yang Liu was a much closer affair. Liu had a longer reach than her 22-year-old opponent and made it count with her jabs. Lovlina also countered well but the force with which Liu landed her punches gave her the upper hand. She won the bout 3-2.Mary lost 1-4 to Turkish second seed and European Championships and European Games gold medallist Busenaz Cakiroglu. The Indian camp sought a review of the decision but it was turned down as the International Boxing Association’s (AIBA) rules mandate that the decision has to be either 3-1 or 3-2 for the decision to be reviewed.A protest was also raised during the first round of Lovlina’s bout but the technical observer turned down the protest citing consistency of scores with the judges.Manju Rani will be up against Russian second seed Ekaterina Paltceva in the summit clash on Sunday. IANS Also Read: Hard Luck! Lovlina Borgohain settles for Bronze at World Women’s Boxing C’ship in RussiaAlso Watch: Students of Tinsukia College staged 3 hr sit in demonstrationlast_img read more

Bakewell  renews cricket sponsorship of RHTYSC Cricket teams for 2020

first_img..marks 21st year of a  strong relationshipGUYANA’s  most popular bakery,Bakewell  recently renewed its long standing relationship with Guyana leading Youth and Sports organisation.the Rose Hall Town Youth and Sports Club MS .The company since March 2000 has sponsored the club’s Uunder- 17 and second division teams and in 2020,would be sponsoring the teams for two hundred and sixty thousand dollars.The two teams since 2000 has won a combined thirty one tournaments and has been the dominant teams in the ancient county over the last few years.Club Secretary /CEO Hilbert Foster at the simple presentation at the Bakewell Head office ,Triumph,.ECD noted that the company was one of the main reasons why the club was so successful and has been able to make a positive difference in the lives of others.Foster,who is also the president of the Berbice Cricket Board (BCB) stated that in an era where sponsorship is difficult to obtain,the RHTYSC has been able to maintain its relationship with sponsors because of its record of achievements,honesty,accountability and fulfilling commitments Foster disclosed that under the sponsorship the two teams has produced over fifty players for Berbice, ,Guyana and the West Indies combined.They include Assad Fudadin,Royston Crandon,Esuan Crandon,Renwick Batson,Khemraj Mahadeo,Delbert Hicks,Shemaine Campbelle,Erva Giddings,Kevin Sinclair,Kevelon Anderson,Clinton Pestano ,Junior Sinclair,Jonathan Rampersaud and James Fraser.Off the cricket field ,the teams have successfully completed over 1200 personal development programmes under the sub headings of sports,culture,charity,youth development,community development,social and religious among others.Among the programmes hosted have been father of the year,mother of the year,senior citizens breakfast project,Christmas village ,say no/say yes,patron fund,school bags ,feeding of the poor,corona virus hamper charity outreach,cricket academy and summer educational camp.With the BCB cricket season been on hold due to the current pandemic ,the teams along  eight  other teams of the club has shared out over 2500 food hampers to less fortunate families across Berbice and is also hosting the ongoing Basil Butcher Memorial project.Asst Secretary/CEO Simon Naidu committed the two teams to upholding their high standards on and off the cricket field.He disclosed that the club would meet shortly to name captains for the two teams as the current captains Kevin Sinclair and Jonathan Rampersaud  are no longer available to play at the levels.Sinclair is now a senior national player while Rampersaud in now an under 19 player.Naidu expressed gratitude to the company for their continued confidence in the club and the second division team has several finals to play in ,once the cricket season restarts .Bakewell General Manger ,Rajin Ganga stated that the club cherishes its relationship with the RHTYSC,MS and the relationship would continue in the future as the club has been outstanding representatives of the Bakewell brand.He wished the teams more success  and urge the players to continue been discipline at all times.last_img read more