Fintech PR
King Street and Kronos Homes complete the sale of Palmares Ocean Living and Golf
LONDON, Nov. 28, 2023 /PRNewswire/ — King Street Capital Management (“King Street”), a leading global alternative investment firm, and Kronos Homes, a Spanish real estate investor and developer, today announced they have completed the sale of the Palmares Ocean Living & Golf (“Palmares” or “the resort”) to funds managed by Arrow Global.
The sale follows six years of extensive investment and development of Palmares by King Street and Kronos Homes since acquiring the resort through a joint venture in 2017. This included the crafting of a masterplan for the resort in 2019 and the addition of a new National Real Estate Award winning clubhouse designed by Pritzker Prize winner RCR Arquitectes and home to the Michelin star Al Sud restaurant.
“We are thrilled to announce the successful sale of Palmares,” said Paul Brennan, Co-Head of Real Estate at King Street. “This milestone represents the culmination of years of hard work and dedication from our team, and we are confident that Arrow Global will build on the resort’s rich legacy, taking it to even greater heights.”
The development of Palmares has progressed rapidly under Kronos Homes’ management, with over 80 apartments developed. The first phase of the Signature Apartments and Signature Villa, designed by RCR Arquitectes, sold out ahead of schedule. The second phase, which is currently under construction, has already sold a majority of the units. In addition, 60% of Palmares land designated for luxury villas has been sold.
“Kronos Homes has positioned Palmares as Algarve’s most iconic luxury resorts, while setting a new standard for cutting edge architecture,” said Saïd Hejal, Founder and CEO of Kronos Real Estate Group. “We are extremely proud to pass this unique project to a new investor, who will complete the next chapter of Palmares history.”
Located in Portugal’s Lagos municipality and delivering sea views across the Alvor Estuary, the 200 hectares of Palmares Ocean Living & Golf has an exceptional reputation and is now home to a 27-hole golf course, four kilometres of beach access stretching to Lagos, a boutique hotel and a range of exceptional residences.
Rui Meneses Ferreira, Partner and Managing Director of Kronos Homes, added, “We would like to express our gratitude to all stakeholders whose hard work has made it possible to achieve such results at Palmares. It is exciting to know that Palmares will continue its development while the Kronos Homes team focuses on developing phase 2.0 of our company and adding value to our other assets within Portugal.”
For Kronos Homes, it is not the end of the firm’s involvement in the Algarve. Far from it. Since early 2023, the firm has been managing a large portfolio of assets, which includes Vale do Lobo Golf & Beach Resort. The Group is now investing €500 million in a major expansion of Vale do Lobo, with plans for 460 new residences.
About Kronos Homes
Kronos Homes is the Kronos Real Estate Group developer focused on residential projects with a clear commitment to architecture and design. It was founded in 2015 with a vocation to lead the Spanish market, with high quality projects, in which we defend architecture as a transformative agent, capable of energising and enriching society. For this reason, we trust prestigious architects and discover innovative talent. Kronos Homes is #puredesign. In all projects, sustainability and integration are key assets.
Responsibility, rigor, and service vocation define the values of the company in order to satisfy the client at all stages of the project and exceed their expectations.
Kronos Homes has received the National Real Estate Award in the Tourism category 2021 for the Clubhouse of Palmares Ocean & Living Golf; the European Property Award for the best high-rise residential project in 2020 for Ikon and for the best residential project in 2019 for The Edge. It also received the Outstanding Property Awards London for best architectural design for its residential project Nature and Honourable Mention for best property project in 2020 for The Edge. It has also received the 11th Porcelanosa Architecture and Interior Design Award in recognition of the company’s commitment to cutting edge architecture.
For more information, visit: www.kronoshomes.com
About King Street Capital Management
King Street Real Estate, the real estate investment arm of King Street Capital Management, invests in equity and debt in dislocated markets and complex situations. Since inception, King Street has completed $15 billion of real estate securities and real estate-related investments.
King Street is a global alternative investment firm founded in 1995 that manages over $24 billion in assets across public and private markets. The firm marries rigorous fundamental research with tactical trading and differentiated sourcing capabilities to identify misunderstood and complex investment opportunities across asset classes, up and down the capital structure. For more information, please visit www.kingstreet.com.
Media Contact
Prosek Partners
[email protected]
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, set out to make the community’s TOKEN2049 journey more rewarding. Gearing up for the most anticipated blockchain and Web3 event in the region, Bybit is thrilled to announce three bonus events to enable both attendees and remote fans to both be part of the experience.
The winning opportunities are open to both attendees of TOKEN2049 and followers from afar. Through trading and offline events, participants stand to get free tickets, a share of the $80,000 prize pool in airdrops and coupons, and Bybit merchandise.
Event 1: TOKEN2049 Treasure Express
From now to Sep. 26, 2024, Bybit users may register for the event and complete tasks by depositing and trading assets to earn lucky draw tickets. The wheel of fortune will turn to one of the three prizes:
1. A pair of tickets to TOKEN2049;
2. A share of the airdrop prize pool valued at $50,000 featuring the hottest tokens, including DOGS, PEPE, SOL, XRP, TON and USDT; or
3. Up to 50 USDT in spot coupons.
Even more rewards await in referrals and social media giveaways. For details, visit: TOKEN2049 Treasure Express
Event 2: Share and Unlock
From now to Sep. 30, 2024, unleash your social media magic for a chance to win a 10 USDT spot trading coupon. Share a Bybit blog link and your thoughts on Bybit and Web3. Remember to tag @Bybit_Official and use the hashtag #UnlockWeb3Future and submit the form with us here: #UnlockWeb3Future at TOKEN2049 with Bybit
Event 3: Meet us offline at TOKEN2049
Spot our logo at TOKEN2049 and capture a photo at the Bybit booth (M50) to win Bybit merchandise. Remember to share to your social media channels and use the right hashtag. For details, visit: #UnlockWeb3Future at TOKEN2049 with Bybit
An advocate for a sustainable Web3 ecosystem, Bybit will be featured prominently at TOKEN2049 on a series of keynote panels, thought leadership and community events, and booth M50.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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DUBAI, UAE, Sept. 6, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce it’s among the first to be granted consent to a full authorization by the Astana Financial Service Authority (AFSA). This milestone brings Bybit closer to becoming a fully regulated Digital Asset Trading Facility (DATF).
As part of a rigorous process, Bybit Kazakhstan has passed a full AML check, business conduct audit, and detailed compliance inspections. This is part of Bybit’s focus on securing new user opportunities in Kazakhstan and the broader Commonwealth of Independent States (CIS) region.
“Kazakhstan has become a key player in the global crypto ecosystem, and we are thrilled to be expanding our services in such a dynamic market,” said Ben Zhou, co-founder and CEO of Bybit. “We are committed to bringing our cutting-edge technology, security, and transparency to crypto traders in Kazakhstan, ensuring they can access the best possible tools and services to thrive in this fast-growing industry.”
Once the full license is in place, Bybit Kazakhstan will offer various digital assets related products and services. The expansion into Kazakhstan aligns with Bybit’s mission to provide reliable and transparent services, catering to the unique needs of crypto traders and investors in the region.
This development follows Bybit’s receipt of its initial operating and custody licenses from AFSA in June 2023, reinforcing its commitment to local regulatory requirements. Bybit’s ongoing efforts to strengthen its presence in Kazakhstan underscore its belief in responsible growth and ensuring a compliant and secure trading environment.
Kazakhstan has quickly emerged as a hub for crypto innovation, and Bybit is proud to play a leading role in fostering this development. For example, Bybit hosted a “Foundations of Blockchain, Web3 and Crypto Exchange Activities” course for Banks of Kazakhstan in 2024. This event was part of Bybit’s drive to make blockchain education more accessible in the CIS region.
By securing this full authorization, Bybit is poised to enhance crypto adoption, provide institutional-grade security, and offer advanced trading features to its growing regional user base.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.
For more details about Bybit, please visit Bybit Press.
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Fintech PR
Integrum ESG and CSRHub enable fund managers to monitor both long-term trends and short-term movements in ESG ratings for companies, across a 10-year time series
LONDON, Sept. 6, 2024 /PRNewswire/ — Integrum ESG, the leading alternative ESG data provider, has today announced the launch of their Consensus ESG Ratings module.
Just as investors monitor movements in consensus earnings estimates or credit ratings, investors now are aware of the demand for the ability to monitor long-term trends and short-term movements in consensus ESG ratings.
This new feature enables Integrum ESG’s asset manager clients to now see the consensus ESG score for any company, either as an absolute rating or a relative percentile ranking, across a 10-year time series.
These scores will indicate to any investor what the capital markets have ‘priced in’ for a company’s ESG performance, allowing users to quickly understand the market’s view on a company and easily conduct relative ESG analysis on the positions they hold within their Portfolio.
This regularly updated data is provided by CSRHub, the world’s leading provider of consensus ESG ratings. CSRHub has spent years aggregating and normalising a vast range of licensed sources – from large ESG ratings firms such as MSCI, ISS, S&P Global, and Sustainalytics to specialists such as CDP and Better World Companies.
Shai Hill, Founder and CEO of Integrum ESG, commented: “Many investors have told us they want a sense of ‘what is priced in’ in terms of a company’s ESG performance, so they can compare this to what anyone ESG ratings firm is saying. CSRHub is the only firm to have credibly achieved this, thanks to a model refined over years and a vast data lake – so we are delighted to be partnering with them.”
Bahar Gidwani, Co-Founder of CSRHub, added: “Investors need to fine tune their ESG-related investment strategies to improve their returns and better match the preferences of their clients. Combining CSRHub’s expert outside-in, consensus view of ESG with Integrum ESG’s detailed real-time data stream provides a strong solution for these needs.”
About Integrum ESG
Integrum ESG is the leading alternative ESG data and ratings platform for investors, blending human analysis and award-winning artificial intelligence models to capture, verify and display granular and relevant ESG data for analysis and assessment. Their Platform allows clients to dissect ESG scores, real-time sentiment, and more with a variety of unique-to-market features, empowering industry professionals and investors and giving them complete oversight of ESG risk across their portfolio.
For more information, visit www.integrumesg.com
About CSRHub
CSRHub offers the most comprehensive global set of Consensus ESG (Environmental, Social, and Governance) ratings, information, and tools. CSRHub’s business intelligence system measures the ESG business impact that drives corporate and investor sustainability decisions. Founded in 2007, CSRHub covers 56,545 public and private companies, and provides ESG performance scores on over 37,899 companies from 135 industries in 210 countries. Our Big Data platform uses algorithms to aggregate, normalize and weight ESG metrics from 957 sources to produce a strong consensus signal on corporate sustainability performance.
For more information, visit www.csrhub.com
Media Contact
Harish Karunalingam
Integrum ESG
[email protected]
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