New Zealand Superannuation Fund

Slate Grocery REIT Announces Agreement to Acquire US$425 Million Grocery-Anchored Real Estate Portfolio and Agreement to Form Joint Venture with Slate North American Essential Real Estate Income Fund L.P.

Retrieved on: 
Tuesday, June 21, 2022
NOI, Trustee, Forward-looking statement, Life Partners, Inc., Committee, Ahold Delhaize, IFRS, GLOBE, Philippine House Special Committee on Flagship Programs and Projects, Income, Review, Investment, Population growth, Phrase, Sustainability Accounting Standards Board, Intention, Analysis, News, Publix, Board, International, Walmart, TSX, International Financial Reporting Standards, New Zealand Superannuation Fund, Ownership, Minority, International joint venture, NA, REIT, Southeastern United States, Growth, Albertsons, Joint venture, Partnership, Goal, Real estate, Commercial property, Financial services, Risk management, Security (finance), Slate, Acquisition

The REIT also announced that it has entered into agreements (the Subscription Agreements) with Slate North American Essential Real Estate Income Fund L.P. (the NA Essential Fund), a vehicle managed by Slate Asset Management (Slate), which will result in the formation of a strategic joint venture (the Joint Venture).

Key Points: 
  • The REIT also announced that it has entered into agreements (the Subscription Agreements) with Slate North American Essential Real Estate Income Fund L.P. (the NA Essential Fund), a vehicle managed by Slate Asset Management (Slate), which will result in the formation of a strategic joint venture (the Joint Venture).
  • The Joint Venture is part of a long-term strategic partnership between the REIT and the NA Essential Fund.
  • About Slate Grocery REIT (TSX: SGR.U / SGR.UN)
    Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate.
  • This announcement by the Slate Grocery REIT (TSX: SGR.U) (TSX: SGR.UN) is not, and should not be construed as, an offer to investors for units in Slate North American Essential Real Estate Income Fund L.P.

Longroad Energy Makes Investment in Valta Energy, Expands Exposure in Growing Distributed Generation Segment

Retrieved on: 
Wednesday, June 15, 2022
Wind, CEO, LLC, New Zealand Superannuation Fund, Ownership, Dana Point, California, Acquisition, DG, Partnership, Renewable energy, Välta

BOSTON , June 15, 2022 /PRNewswire/ -- Longroad Energy announced today a strategic investment in Valta Energy, a Dana Point, CA-based developer, owner, and operator of distributed generation (DG) projects.  Valta was founded in 2009 and has established a successful business without any external funding.  Longroad's initial equity investment will provide growth capital to Valta's robust development pipeline, thereby positioning the company for more rapid expansion.  Valta develops and operates assets nationwide, with operating assets primarily in California, Massachusetts, and Hawaii, which is a good strategic fit with Longroad's existing utility-scale business.

Key Points: 
  • BOSTON, June 15, 2022 /PRNewswire/ -- Longroad Energy announced today a strategic investment in Valta Energy , a Dana Point, CA-based developer, owner, and operator of distributed generation (DG) projects.
  • Valta Energy CEO Mark Milius: "We are thrilled with the partnership between Longroad and Valta.
  • Founded in 2016, Longroad Energy Holdings, LLC is focused on renewable energy project development, operating assets, and services.
  • Longroad is owned by the New Zealand Superannuation Fund, Infratil Limited, and Longroad Energy Partners, LLC.

LanzaTech Appoints Dr. Steven F. Stanley, PhD as Chief Commercial Officer

Retrieved on: 
Monday, May 16, 2022
Carbon, Oil, Engineering, Plant, Aviation biofuel, Nasdaq, News, Biology, ArcelorMittal, BASF, CCO, Synthetic biology, Dow Chemical Company, Qiming Venture Partners, Artificial intelligence, New Zealand Superannuation Fund, Ethanol, Transformation, Lululemon Athletica, Virgin Atlantic, Primetals Technologies, Mitsui & Co., Technology, Machine learning, CO2, Khosla Ventures, LLC, Growth, CEO, Stanley, GLOBE, Renewable energy, Unilever

CHICAGO, May 16, 2022 (GLOBE NEWSWIRE) -- LanzaTech NZ, Inc. (LanzaTech), an innovative Carbon Capture and Transformation (CCT) company that transforms waste carbon into materials such as sustainable fuels, fabrics, packaging, and other products that people use in their daily lives, announces today that Steven F. Stanley, Ph.D., has joined LanzaTech as Chief Commercial Officer (CCO).

Key Points: 
  • CHICAGO, May 16, 2022 (GLOBE NEWSWIRE) -- LanzaTech NZ, Inc. (LanzaTech), an innovative Carbon Capture and Transformation (CCT) company that transforms waste carbon into materials such as sustainable fuels, fabrics, packaging, and other products that people use in their daily lives, announces today that Steven F. Stanley, Ph.D., has joined LanzaTech as Chief Commercial Officer (CCO).
  • I am proud of the growth of our company and the vital role our technology is playing in creating a post pollution future, said Dr. Jennifer Holmgren, CEO of LanzaTech.
  • Having Steven on board as our Chief Commercial Officer will help us reach new clients worldwide by changing the way they think about waste carbon, treating it as an opportunity instead of a liability.
  • As previously announced LanzaTech has entered into a merger agreement for a business combination transaction with AMCI Acquisition Corp. II (Nasdaq: AMCI).

AM Best Removes From Under Review With Developing Implications, Affirms Credit Ratings of Fidelity Life Assurance Company Limited

Retrieved on: 
Wednesday, March 2, 2022
Other Professional Services, Professional Services, Insurance, NZD, AM, Risk management, Industry, Credit, News, New Zealand Superannuation Fund, Westpac, AM Best, Communication, Acquisition, Review, Insurance, ALL, Fidelity, Financial adviser

AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Fidelity Life Assurance Company Limited (Fidelity Life Assurance) (New Zealand).

Key Points: 
  • AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of Fidelity Life Assurance Company Limited (Fidelity Life Assurance) (New Zealand).
  • Following completion, Westpac Life has been renamed as Fidelity Insurance Limited (Fidelity Insurance).
  • AM Best also views Fidelity Life Assurance as having good financial flexibility, supported by its two largest shareholders, NZ Super Fund and Ngi Tahu.
  • Following the acquisition of Fidelity Insurance, Fidelity Life Assurance ranks among the largest life insurance companies in New Zealand on a pro-forma basis.

Slate Asset Management Announces €427 Million Recapitalization of European Grocery-Anchored Portfolio

Retrieved on: 
Thursday, October 28, 2021
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Slate, REWE Group, New Zealand Superannuation Fund, Acquisition, Lidl, ESG, Aldi, Commercial property, Real estate

Slate Asset Management ("Slate") today announced that Slate European Real Estate Limited Partnership I, Slate European Real Estate Limited Partnership II and Slate European Real Estate Fund III have agreed to recapitalize a 427 million portfolio of European grocery-anchored real estate assets with a group led by New Zealand Superannuation Fund.

Key Points: 
  • Slate Asset Management ("Slate") today announced that Slate European Real Estate Limited Partnership I, Slate European Real Estate Limited Partnership II and Slate European Real Estate Fund III have agreed to recapitalize a 427 million portfolio of European grocery-anchored real estate assets with a group led by New Zealand Superannuation Fund.
  • This transaction is part of a new, perpetual, income-focused strategy managed by Slate targeting stabilized essential real estate assets throughout Europe.
  • Slate has been active in the European real estate market since 2016 with a focus on acquiring, owning and operating essential grocery-anchored real estate assets.
  • Slate Asset Management is a global alternative investment platform focused on real estate.

Longroad Energy Completes Financing of Maine Distributed Generation Portfolio

Retrieved on: 
Monday, August 2, 2021
Articles, Bright green environmentalism, Low-carbon economy, Renewable energy, Renewable energy technology, Technological change

PORTLAND, Maine, Aug. 2, 2021 /PRNewswire/ -- Longroad Energy, a US-based renewable energy developer, owner and operator, announced today the financing and beginning of the construction of four distributed solar projects in Maine.These projects are part of the Net Energy Billing (NEB) program that was put in place in 2019 under the leadership of the Mills Administration and the Maine Legislature.Longroad owns 100 percent of each project.The projects have been under development by Longroad for over two years.

Key Points: 
  • PORTLAND, Maine, Aug. 2, 2021 /PRNewswire/ -- Longroad Energy, a US-based renewable energy developer, owner and operator, announced today the financing and beginning of the construction of four distributed solar projects in Maine.These projects are part of the Net Energy Billing (NEB) program that was put in place in 2019 under the leadership of the Mills Administration and the Maine Legislature.Longroad owns 100 percent of each project.The projects have been under development by Longroad for over two years.
  • "Getting these projects financed and into construction is an important milestone," said Portland, Maine-based Matt Kearns, Chief Development Officer of Longroad Energy.
  • "We were honored to have another opportunity to support Longroad Energy with project financing and, by extension, help the state of Maine achieve progress toward reaching its ambitious clean-energy goals," said Takaki Sakai, managing director of project finance at MUFG.
  • In addition to these four projects, Longroad has 14 other distributed solar projects under development in Maine.

Longroad Energy Completes Re-Development of Its Minnesota Wind Power Portfolio, Closes Construction Financing, and Announces Sale of Facilities to Xcel Energy

Retrieved on: 
Wednesday, January 15, 2020
Infratil, Companies, Xcel Energy, Repowering, New Zealand Superannuation Fund, Energy, Economy of New Zealand

This is one of the first repowering projects in Minnesota, so there was not a lot of precedent to rely on.

Key Points: 
  • This is one of the first repowering projects in Minnesota, so there was not a lot of precedent to rely on.
  • The project is to be operational by the end of 2020, at which point Xcel Energy will purchase the facilities.
  • Founded in 2016, Longroad Energy Holdings, LLC is focused on renewable energy project development, operating assets, and services.
  • Longroad is owned by the New Zealand Superannuation Fund, Infratil Limited, and Longroad Energy Partners, LLC.