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Capital Inflows Into Indian Real Estate Have Surpassed USD53 Billion Since 2008: Colliers International India
Colliers International India released a report titled ‘Translating Challenges into Opportunities’ covering the current landscape in corporate real estate and facilities management, and factors that influence the real estate sector.
The report outlines the current situation and challenges in the real estate market and highlights how the concerns can be turned into opportunities, paving the way for future success. Some of the pressing points and key recommendations, which were discussed by the stakeholders at the RICS leadership conference are:
Regulatory Reforms
The Indian economy has witnessed strong growth over the last five years, marked by a revival in business confidence, along with FDI friendly government initiatives. As the sector moves towards transparency brought about by professional management, necessary disclosure and reporting norms need to be adopted across the sector. Project sanctions through single-window clearances and regulations must go hand-in-hand, in a view to promote the sector. There is an urgent need to make policies and regulations in the industry more accessible to the public as well as industry professionals, as they are often convoluted.
Investments
Investment in real estate has been increasing over the last few years, as a result of improved investor confidence led by the aforementioned reforms. As per Colliers Research, the capital inflows into Indian real estate have surpassedUSD53 billion since 2008. Interestingly, investment during 2014-Q1 2019 accounted for 59% of the total inflows into the real estate sector since 2008. At a time when India’s first REIT has been successful, with more listings on the way, professional management and international standards-based valuation of properties (International Valuation Standards (IVS) / RICS Red Book) need to be adopted, along with necessary disclosure and reporting norms.
Office Market
The strong macro-economic environment, and FDI-friendly government initiatives have propelled the commercial office sector. As per Colliers Research, from 2019 to 2021, it is expected that the commercial demand to remain healthy, with average annual gross absorption of 49 mn sq ft till 2021.Upcoming annual average supply of 66 mn sq ft till 2021, competitive rent levels, and developing infrastructure in cities are likely to work in India’s favour.
“The strong macro-economic environment, and FDI-friendly government initiatives have propelled the commercial office sector. We noted 2018 to be the best year for office demand, with gross leasing activity of 50 mn sq ft. The market is recording high preleasing activity as occupiers plan ahead, suggesting robust absorption and therefore continued market growth over the next couple of years“, said Sangram Tanwar, Managing Director, Mid-India, Colliers International India.
Flexible workplace use is likely to continue to be a large demand driver. On the other hand, global in-house centres are likely to take up large tracts of office space in top cities, with increased focus on innovation through technology. The government must consider extending the direct tax benefit provided by Special Economic Zones (SEZs) beyond the sunset clause in 2020.
Talent in CRE
The commercial real estate (CRE) market in India is growing at a rapid pace and it is increasingly important to have the right people for the right role. Established companies need to give priority to develop and nurture talent, thereby emerge as brand ambassadors of the sector. As the sector matures, there needs to be an impetus on reskilling and upskilling of professionals.
Tech in CRE
Technology is becoming an important facet in CRE, as developers and occupiers understand the importance of technology in operations. Developers are beginning to consider investing in smart buildings that use automated processes to control building operations. Data analytics is likely to be critical for energy savings, reduction of total lifecycle costs, business efficiency and sustainability. The importance of the Internet of Things (IoT) and Artificial Intelligence (AI) needs to be well-understood among stakeholders. Developers and occupiers need to analyse and understand the benefits (better efficiency, lower operating expenses) from technology, and sustainable buildings.
“Overall, the commercial real estate is on the cusp of change with greater corporate governance, and higher degree of institutionalization. With this, we also urge the government to facilitate single-window clearances that will go a long way in further improving the ease of doing business. On the office front, we are witnessing technology becoming centric to not only occupiers, but also developers. Occupiers and developers are studying how AI and IoT can maximize efficiencies in workplaces. AI can help make predictions and automate routine activates in offices, thereby enhancing occupier experience. Developers too can use IoT for better intra-systems communication, in order to respond to building requirements”, said Megha Maan, Sr. Associate Director, Research at Colliers International India.
SOURCE Colliers International India
STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.
The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.
To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.
The webcast can be followed live here and a recording will be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826
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Invitation to presentation of EQT AB’s Q1 Announcement 2024 |
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- Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
- Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
- Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
- Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
- PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
- Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
- 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
- CEO reaffirms Kia’s commitment to ESG management
SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.
Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.
During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.
The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.
“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”
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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.
As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.
The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.
Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.
About BioVaxys Technology Corp.
BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.
ON BEHALF OF THE BOARD
Signed “James Passin“
James Passin, Chief Executive Officer
Phone: +1 646 452 7054
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