Constance B. Moore has been appointed as chair of its board of directors. Moore, who has served as an independent director on Columbia’s board since 2017, succeeds John L. Dixon, who has served as chair since 2012 and as a member of Columbia’s board of directors since 2008. Dixon has elected to step down as chair but will continue as an independent director on the board. Moore has more than 40 years of experience in the real estate industry, most recently serving as president, CEO, and a board member of BRE Properties. She previously held executive positions with Security Capital Group & Affiliates.
The Bank of Japan (BOJ) is expected to make its Exchange-Traded Funds (ETF) and Real Estate Investment Trusts (J-REIT) buying more flexible when the board
Welspun One Logistics Parks launches first AIF of ₹500 cr
January 19, 2021
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To acquire land parcels in high-demand, pre-identified markets and develop Grade-A warehousing parks to be leased on long-term basis to tenants
Welspun One Logistics Parks, a fund backed by Welspun Group, has launched its first Alternate Investment Fund (AIF) with a target size of ₹500 crore. The AIF ― Welspun One Logistics Parks Fund I ― has a tenure of four years and hurdle rate of 15 per cent. It has already received a commitment of ₹75 crore from the Welspun promoter family office.
The investment thesis of the fund is to acquire land parcels in high-demand, pre-identified markets and develop Grade-A warehousing parks which will be leased on long-term basis to tenants. The fund intends to lease the land parcels to sectors such as e-commerce, FMCG, third-party logistics, pharma and auto-ancillaries.
THE STANDARD By
Wainaina Wambu |
January 19th 2021 at 08:30:00 GMT +0300
NSE Chief Executive Geoffrey Odundo. [David Gichuru, Standard]
After four years, Homeboyz Entertainment seems to have ended the listing drought at the Nairobi Securities Exchange (NSE), becoming the first entertainment firm to join the bourse.
The listing by way of introduction came through the Growth Enterprise Market Segment (Gems).
Gems was set up in 2013, targeting small firms, but has since attracted only five such entities whose shares have been on a disappointing run and have largely failed to excite the market.
These are Home Afrika, Flame Tree Group, Kurwitu Ventures, Nairobi Business Ventures (NBV) and Atlas Development.
In the current environment, it would be best to take a 3-year view as the economy and earnings would have normalized by then. From current levels, we can expect a 10-12 percent CAGR return for the Nifty, says Patil.