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CPP Investments Partners with Kennedy Wilson to Launch New UK Single-Family Rental Housing Joint Venture Targeting £1 Billion in Real Estate

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LONDON, Oct. 24, 2024 /CNW/ – Canada Pension Plan Investment Board (CPP Investments) has partnered with global real estate investment company Kennedy Wilson (NYSE: KW) to launch a new single-family rental housing joint venture (“the JV”) in the United Kingdom. CPP Investments will initially commit £500 million, with Kennedy Wilson committing £56 million. The JV will have an initial target of approximately £1 billion of asset value, including leverage, with the potential to commit further capital depending on market opportunities. CPP Investments will hold 90% of the venture and Kennedy Wilson will hold a 10% ownership interest moving forward.

Through partnerships with housebuilders, the JV will target energy efficient, new-build housing stock in strong and growing local economies that offer residents excellent connectivity, attractive local amenities, and proximity to strong employment prospects and educational institutions.

The investment program is seeded with properties from two developments sourced by Kennedy Wilson, including units under construction by Barratt Redrow in Norwich, where Kennedy Wilson is now leasing up the first phase of completed homes, and units by Miller Homes in Stevenage, which will deliver completed houses from Q2 2025. Kennedy Wilson has an active pipeline of opportunities totaling over £360 million and 1,100 units, with the capacity to reach 4,000 units at full capital deployment.

“Private capital can play an important role in addressing the current undersupply of high-quality rental housing in the UK, particularly where it is professionally managed to provide a great customer experience,” said Tom Jackson, Head of Real Estate Europe at CPP Investments. “Investing into the UK single-family housing sector aligns well with our broader real estate strategy, to undertake scalable investments into high quality assets with growing cash flows. We look forward to launching the JV alongside Kennedy Wilson to deliver strong returns for 22 million contributors and beneficiaries of the CPP fund.”

Kennedy Wilson will manage the JV and earn customary fees, leveraging its expertise as a long-term owner, operator, and debt provider for rental housing with more than 60,000 units owned or financed by Kennedy Wilson managed platforms across the United States, the UK, and Ireland. The company’s established global residential platform comprises a vertically integrated investment, asset management, and development team, and operating and reporting systems.

“Residential has long been a crucial part of Kennedy Wilson’s investment strategy, and our JV with CPP Investments, a leading global institutional investor, will propel our efforts to deliver much-needed rental homes for local families,” said Mike Pegler, President, Kennedy Wilson Europe. “The structural challenges facing institutionally managed rental housing in the UK provides a clear investment rationale to enter the market and leverage our deep experience in the sector. We are actively seeking opportunities to grow our portfolio, which offers substantial scalability potential in the UK, driving consistent risk adjusted returns in this high-conviction subsector.”

About CPP Investments

Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 22 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At June 30, 2024, the Fund totalled C$646.8 billion. For more information, please visit www.cppinvestments.com or follow us on LinkedInInstagram or on X @CPPInvestments.

About Kennedy Wilson

Kennedy Wilson (NYSE: KW) is a leading real estate investment company with over $27 billion of assets under management in high growth markets across the United States, the UK and Ireland. Drawing on decades of experience, our relationship-oriented team excels at identifying opportunities and building value through market cycles, closing more than $50 billion in total transactions across the property spectrum since going public in 2009. Kennedy Wilson owns, operates, and builds real estate within our high-quality, core real estate portfolio and through our investment management platform, where we target opportunistic investments alongside our partners. For further information, please visit www.kennedywilson.com.

Special Note Regarding Forward-Looking Statements

Statements in this press release that are not historical facts are “forward-looking statements” within the meaning of U.S. federal securities laws. These forward-looking statements are estimates that reflect our management’s current expectations, are based on our current estimates, expectations, forecasts, projections and assumptions that may prove to be inaccurate and involve known and unknown risks. Accordingly, our actual results, performance or achievement, or industry results, may differ materially and adversely from the results, performance or achievement, or industry results, expressed or implied by these forward-looking statements, including for reasons that are beyond our control.  Some of the forward-looking statements may be identified by words like “believes”, “expects”, “anticipates”, “estimates”, “plans”, “intends”, “projects”, “indicates”, “could”, “may” and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. We assume no duty to update the forward-looking statements, except as may be required by law. 

SOURCE Canada Pension Plan Investment Board

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Dr. Dabber Sets a New Benchmark for Electric Dab Rigs With Switch2

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Dr. Dabber unveils Switch2: The first induction vaporizer to feature a mobile app and dynamic heating modes

LAS VEGAS, Oct. 24, 2024 /PRNewswire/ — Dr. Dabber is pleased to announce Switch2, the long-awaited upgrade to their award-winning Switch induction vaporizer line with 300% more dabbing surface – Just what the Doctor ordered. Switch2 features precise temperature control thanks to a built-in IR sensor and is the first e-Rig ever to use revolutionary Dynamic Heating which can emulate the descending or ascending temperature changes of quartz in a traditional dab rig.

The holy grail of e-rigs has always been meeting the functionality of a traditional torch and bucket or slurper. With Switch2, Dr. Dabber not only meets analog dabbing requirements with induction heating, but also sets a new standard for electronic vaporizers with the abandonment of atomizers and the introduction of inserts made from the purest quartz available or even single crystal sapphire, which experts love for increasing flavor and temperature retention across the board.

To give users even more control of their perfect dab, Dr. Dabber’s Switch2 now allows users to monitor and control their e-rig with a mobile application. This new tech stack will allow Switch2 users to customize every single aspect of their experience to achieve the most accurate dabs. The app can also track consumption at a granular level, and allow users to share their settings with friends. The result is the most accurate and capable electronic vaporizer – ready to be tuned to match any consumer’s preferences.

Switch2 continues Dr. Dabber’s leadership in the induction vaporizer market; its in-house design is intentional and meant to catch the eye and highlight the ongoing normalization of cannabis consumption devices. The combination of omni-directional induction heating and a 360 degree directional carb cap work together to redefine what people think is possible in the world of electronic dabs. The weather forecast says it will be cloudy. With precise temperature controls and modes, a new form factor, and the move from atomizers to inserts with 300% more space, Switch2 by Dr. Dabber is the e-rig that traditional dabbers have been waiting for.

About Dr. Dabber
Dr. Dabber creates cannabis vaporizers for every use case that are convenient and reliable, yet potent and effective. With an emphasis on customer service, the team at Dr. Dabber constantly builds off of customer feedback, which is the driving force in future product development. For more information, visit www.drdabber.com

Media Contact
Marissa@drdabber.com

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SOURCE Dr. Dabber

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Egen Announces Acquisition of Qarik, Strengthens Position as Leading Cloud, Platform and AI Services Provider in the Google Cloud Ecosystem

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End to End Services Enable Organizations to Accelerate their Digital Transformation Journeys 

NAPERVILLE, Ill. and CHICAGO, Oct. 24, 2024 /PRNewswire/ — Egen, a technology services company with leading capabilities across Google Cloud infrastructure, product and data engineering, and artificial intelligence (AI), announced today it is acquiring Qarik, a multinational Google Cloud Premier Partner with a strong team of veteran Google Cloud leaders, architects and engineers helping clients transform their businesses with the capabilities of Google. The acquisition of Qarik further strengthens Egen’s position as a leading pure-play services partner focused on advanced data and AI applications in the Google Cloud ecosystem.

End to End Services Enable Organizations to Accelerate their Digital Transformation Journeys

Egen has experienced rapid growth over the past several years and now leads critical projects across large and emerging organizations – including Fortune 500 brands – with deep experience in the communications, consumer goods, healthcare, life sciences, high tech, retail, and public sector verticals. Egen was recognized this year as a “Major Contender” in the first Everest Group “Google Cloud Services Specialists PEAK Matrix’ Assessment 2024” report. 

The combination of Egen’s scaled global delivery capabilities and Qarik’s advanced Google Cloud expertise will double down on Egen’s positioning as the premier independent services partner for private and public sector clients. The combined company will have more than 800 certified and skilled architects and engineers with the cloud, data, AI and platform expertise to work with organizations to build innovative and optimized solutions that address their toughest challenges, driving growth, operational and human performance.

The company will operate under the Egen brand, with Saleem Janmohamed, serving as the Chairman and CEO of the newly combined company.

“Every organization is trying to figure out how to capitalize on the advances in data and AI technologies, including the not yet unleashed power of generative AI, as a multiplier of human and operational performance. By combining the strengths and depth of talent from Egen and Qarik, we are best equipped to help our clients design and engineer cloud, data, AI and platform powered solutions that will dramatically increase growth, improve operational performance, and empower people,” said Janmohamed.

Joe Schenk, CEO and Founder of Qarik, will take on the role of Chief Client Officer. Founded in 2019, Qarik provides cloud transformation, data migration, and AI services to companies in the communications, financial services, healthcare and life sciences, high tech, and retail industries based in the US and internationally. 

“Joining forces with Egen is an exciting milestone. Qarik has been working with a forward-thinking client base, who have challenged us to power their growth and efficiency, breaking new ground in how to deliver technology-driven transformation. The combination of Egen and Qarik creates a rapidly growing firm with a differentiated suite of assets and people deeply skilled in data and AI. We are excited for the future with Egen and look forward to delivering even more new and innovative solutions for our clients to go further, faster,” said Schenk.

Egen is a portfolio company of Recognize, a technology investment firm. In October 2021, Recognize announced its initial strategic investment in Egen (formerly SpringML).

“Businesses large and small are on a long term journey to integrate data and cloud technology into all areas of their business and deliver value to their customers,” said Frank D’Souza, Co-Founder and Managing Partner of Recognize. “As businesses form their data and cloud transformation strategies, Egen has been at the forefront of helping drive impact for their clients and the combination of Egen and Qarik will further help organizations move to new levels of performance and capabilities.”

About Egen

Egen works with organizations across industries, engineering new possibilities with cloud, platforms, data, and generative AI to empower people and deliver impact for the better. Our more than 700 technology specialists in Canada, India, and the United States have extensive knowledge and experience working across all the leading cloud and data platforms, with a strategic focus on Google Cloud and Salesforce. Learn more at egen.ai

About Qarik

Qarik works with organizations across industries to support their data, platform, and AI modernization to achieve better business outcomes—faster time to market, engineering productivity, and increased capabilities. As a multinational Google Cloud Premier Partner, Qarik works across multiple products and engagement models, on a mission to advance enterprises further and faster along their transformation journeys. Our team of former Googlers, Wall Street veterans, and delivery experts embed directly into client teams to help accelerate cloud native practices and achieve success. Learn more at qarik.com.

About Recognize

Recognize is an investment platform exclusively focused on the digital services industry. The firm provides operational expertise, industry insights and strategic capital to innovative companies in this sector. To learn more, visit www.recognize.com. Follow us on LinkedIn.

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SOURCE Egen

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Volpara Health Surpasses 300 Peer-Reviewed Papers

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Milestone reinforces readership in AI-powered breast cancer detection

WELLINGTON, New Zealand, Oct. 25, 2024 /PRNewswire/ — Volpara Health, a Lunit company and global leader in artificial intelligence (AI)-powered breast health solutions, has reached a significant milestone: the publication of the 300th peer-reviewed scientific paper using Volpara results. This accomplishment underscores Volpara’s commitment to advancing breast cancer detection and personalized care through evidence-based AI technologies.

The need for robust, peer-reviewed validation in mammography AI is essential to its clinical adoption. A review of 100 CE-marked AI products in radiology revealed that 64% lacked peer-reviewed evidence of efficacy. Volpara, in contrast, leads the mammography AI industry with the most peer-reviewed scientific papers, demonstrating its innovative technologies are rigorously tested, and clinically validated.

“Reaching 300 studies reflects the deep trust our technology has earned within both the academic and clinical communities,” said Teri Thomas, CEO of Volpara Health and CBO of Lunit. “Our commitment to peer validation provides important evidence of our AI solutions’ ability to deliver measurable improvements in detection and patient outcomes.”

Two recent studies showcase the benefits of Volpara’s AI technology.

Breast density-based mammogram ordering enhances interpretation

Enhancing Radiologist Reading Performance by Ordering Screening Mammograms Based on Characteristics That Promote Visual Adaptation, shows how ordering mammograms based on breast density can improve radiologists’ performance. By arranging mammograms from low to high volumetric breast density (VBD), radiologists reduced reading time and increased specificity from 86% to 89%, leading to greater accuracy in detecting cancer. Commenting in an editorial on the study, Dr. Lars Grimm explained, “Deliberate ordering of screening mammograms could be introduced into workflows very easily because it dovetails with existing batch-reading strategies.”

Study confirms Volpara’s AI identifies Women at higher risk for missed cancers

Breast Density Effect on the Sensitivity of Digital Screening Mammography in a UK Cohort, used Volpara’s AI-powered algorithms to determine how breast density affects cancer detection in the UK. The study confirmed that Volpara’s technology effectively identifies women at higher risk for missed cancers on mammography, reinforcing the importance of personalized screening strategies.

Melissa Hill, PhD, Senior Imaging Scientist and Global Research Lead at Volpara Health, emphasized the significance of scientific rigor: “Our research collaborations and commitment to innovation have brought us to this important milestone. Each published paper puts our technology to the test, and robust results strengthen the trust clinicians place in Volpara to help improve patient care.”

The company’s journey from its first to its 300th peer-reviewed paper reflects over 15 years of innovation and investment in research. Volpara remains committed to pushing the boundaries of AI to improve breast health.

For more information about Volpara Health and new research to be presented at RSNA 2024, visit volparahealth.com/rsna2024.

About Volpara Health

Volpara Health is on a mission to save families from cancer with AI-powered software that helps healthcare providers better understand cancer risk, guide personalized care decisions, and recommend additional imaging and interventions. Used in over 3,500 facilities by more than 5,600 technologists worldwide. Volpara’s software impacts nearly 18M patients, supports over 3.6M annual cancer risk assessments, and integrates seamlessly with electronic health records and imaging systems. Volpara helps radiologists quantify dense breast tissue with precision and technologists produce mammograms with optimal positioning, compression, and dose. Volpara software also streamlines operations to ease compliance and accreditation. Volpara, a Lunit company, is headquartered in Wellington, New Zealand, and has an office in Seattle. Volpara is the trusted partner of leading healthcare institutions globally. For more information, visit www.volparahealth.com.

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View original content:https://www.prnewswire.com/apac/news-releases/volpara-health-surpasses-300-peer-reviewed-papers-302286153.html

SOURCE Volpara Health, Inc.

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