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Breakthrough Properties Breaks Ground in Heart of Oxford’s Life Science Innovation Cluster, Addressing Growing Demand for Cutting-Edge R&D Facilities
U.K. Life Science Sector Expected to Grow by Nearly £9 Billion in the Next Three Years
OXFORD, England, Nov. 1, 2023 /PRNewswire/ — Breakthrough Properties, a leading global life sciences real estate developer, held groundbreaking events in October to herald the start of construction of Trinity by Breakthrough in Oxford, England, one of the leading academic and innovation clusters in the world.
A joint venture of global developer Tishman Speyer and biotechnology investment firm Bellco Capital, Breakthrough is constructing a world-class life sciences environment featuring 210,000 square feet of bespoke labs, offices and amenities at the gateway of the 88-acre Oxford Business Park.
Breakthrough acquired the site and is financing the development through its Breakthrough Life Science Fund and a £137 million (approximately $166 million) construction loan from a European lender. Having secured ‘notice of grant of planning permission’, construction commenced on the 16th of October, with completion of construction and initial occupancy anticipated in late 2025.
Trinity by Breakthrough is poised to meet the overwhelming demand of companies seeking a vibrant full-service life science ecosystem in Oxfordshire. With a supply and demand imbalance in the market, the 210,000-square-foot building will provide much needed new supply of high-quality, premier commercial R&D space in a market reported to have over one million square feet of demand and limited Grade A supply delivering in the next four years.
“There are over 30 companies needing R&D space, and the pipeline for new development is already pointing to a shortfall of available and appropriate sites,” said Tom Renn, Breakthrough Properties Vice President for Acquisitions and Development. “We are incredibly inspired by Oxford, an ecosystem that is rich with history and that has contributed to many of the world’s most impactful discoveries—from the development and production of penicillin in the early 1940s, to its incredible contribution to the world’s fight against COVID-19, to more recent approvals such as the first TCR approval for melanoma by Immunocore in 2022, among others. It is these scientific breakthroughs and companies that we hope to support with the provision of premier R&D infrastructure we’re developing at Trinity.”
One third of the companies created in Oxford since 1959 have formed in the last five years, indicating major acceleration in both the life science economy and innovation in the market, which is in turn placing a strain on the real estate options in the region as demand surges.
To celebrate the groundbreaking, Trinity by Breakthrough also hosted a reception and panel discussions with industry leaders Sir John Bell, Regius Professor of Medicine at Oxford University; former Chairman and CEO of Roche Dr. Franz Humer; Bellco Capital Chairman Dr. Arie Belldegrun; Tishman Speyer Head of Europe Bernard Penaud; E. Eric Tokat, Co-President of Investment Banking at Centerview Partners; Endpoints News CEO Arsalan Arif; and Oxford Science Enterprises Senior Partner Dr. Katya Smirnyagina.
The conversations highlighted the need for scientific infrastructure and investment in the Golden Triangle that not only match the caliber of Oxford and Cambridge but also foster future innovation. As Tokat explained about the dynamics of pharma M&A, “It wasn’t just that we bought the product and we’re moving on. We want an Oxford infrastructure, we want a space, we want a lab, we want to tap the talent at Oxford. I think that to me is very, very meaningful—more so than just someone buying a molecule and then moving on.”
Dr. Smirnyagina added, “Many scientists in Europe or the U.K. have been saying it is impossible to build a company here, and it is so rewarding to see incredible companies now being built here. We hope that the infrastructure Breakthrough is developing will be a significant factor in even further expansion.”
Trinity by Breakthrough will feature a distinctive and expressive architectural design with its creative use of glass, incorporation of pocket spaces and terraces, and a jettied ground floor to enhance the sense of arrival and maximize the public outdoor landscape. Breakthrough’s plans for Trinity, which were approved by the Oxford City Council earlier this year, reflect Breakthrough’s ongoing commitment to increasing energy efficiency, reducing carbon emissions, and providing healthy and inspiring workspaces. The design includes a series of living walls, as well as dedicated amenities and well-being centers. As with all of its European projects, Breakthrough has committed to achieving at least BREEAM Excellent certification, while striving to reach BREEAM Outstanding.
Breakthrough is one of the most active players in global life sciences development, with approximately five million square feet of projects in its active pipeline. In September, Breakthrough broke ground on Neogene Therapeutics’ new European headquarters within the campus of the Amsterdam University Medical Center, one of Europe’s leading medical institutions. Breakthrough is also deep into the design and approval process for Vitrum by Breakthrough, which will be located within St. John’s Innovation Park in Cambridge, U.K.
In addition to its European presence, Breakthrough is developing projects in major life science markets throughout the United States. The firm has multiple developments in Boston, including the recently completed The 105 by Breakthrough, which serves as CRISPR Therapeutics’ U.S. Research & Development headquarters. It is currently constructing Torrey View by Breakthrough, a 10-acre research and development campus in San Diego that will be anchored by a new innovation center for BD (Becton, Dickinson and Company). The firm is also developing new life science ecosystems in both Philadelphia, Pennsylvania and Boulder, Colorado.
About Breakthrough Properties (www.btprop.com)
Formed in 2019 as a joint venture between global real estate owner, developer, and investor Tishman Speyer and biotechnology investment firm Bellco Capital, Breakthrough Properties is a life science real estate development company that leverages cross-sector collaboration to deliver environments that foster innovation and scientific breakthroughs. Breakthrough Properties’ mission is to acquire, develop and operate the best life science properties in leading urban technology centers around the world and support scientific innovation across biotechnology, agriculture, and nutrition. Breakthrough combines Tishman Speyer’s decades of global real estate development experience with Bellco Capital’s industry-making biotechnology entrepreneurship to reimagine environments where companies can create life-changing therapies for patients.
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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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- 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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