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Yahoo
09-06-2025
- Business
- Yahoo
FIBRA Macquarie México Expands Development Program With New Tijuana Project
New industrial Park with potential for up to four buildings totaling approximately 750k square feet of Class A GLA Shovel-ready land with secured energy strategy MEXICO CITY, June 09, 2025--(BUSINESS WIRE)--FIBRA Macquarie México (FIBRA Macquarie) (BMV: FIBRAMQ) announced it will develop up to four new Class A industrial buildings with a total potential GLA of approximately 750 thousand square feet on a 16-hectare land parcel in the Pacifico/Libramiento submarket of Tijuana. This development is in a prime industrial corridor, offering strategic connectivity to two major US border crossings. The park is well-located within the surrounding area, providing access to skilled labor to support both manufacturing and logistics activities. "This investment reinforces our commitment to expanding our development portfolio while maintaining our disciplined approach to capital deployment," said Simon Hanna, FIBRA Macquarie's chief executive officer. "The addition strengthens our presence in a strategic submarket of Tijuana, a well-located area with direct highway access. Our development strategy continues to focus on best-in-class sustainable construction with secured energy rights. Furthermore, we are pleased to be partnering again with Grupo FRISA, with whom we have enjoyed a strong and successful partnership for more than a decade. By maintaining our selective investment criteria and focus on strategic capital allocation, we're positioned to generate compelling returns that should enhance both our operational capabilities and financial results over the long term." This is a 50-50 joint venture between FIBRA Macquarie and Grupo FRISA, who is currently FIBRA Macquarie's JV partner in nine of its retail properties. Grupo FRISA is contributing the land parcel to the project, which minimizes FIBRA Macquarie's immediate capital deployment requirements. The total investment is anticipated to be approximately US$88.0 million, with 50% of that to be progressively contributed by FIBRA Macquarie. The project is expected to deliver an NOI yield on cost of between 9% and 11%, in line with FIBRA Macquarie's target returns. FIBRA Macquarie's scalable internal management platform, MPA, which has a strong existing local presence in Tijuana comprising specialist property management, leasing and engineering professionals, will provide on-going services for the project, enabling NOI margin optimization. The land site is shovel-ready with initial earthworks in progress. The first planned building comprises approximately 200 thousand square feet, targeting a minimum LEED® Gold certification. About FIBRA Macquarie FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) is a real estate investment trust (fideicomiso de inversión en bienes raíces), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties. FIBRA Macquarie's portfolio consists of 243 industrial properties and 17 retail properties, located in 20 cities across 16 Mexican states as of March 31, 2025. Nine of the retail properties are held through a 50/50 joint venture. For additional information about FIBRA Macquarie, please visit Cautionary Note Regarding Forward-looking Statements This release may contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ significantly from these forward-looking statements and we undertake no obligation to update any forward-looking statements. Other than Macquarie Bank Limited ABN 46 008 583 542 ("Macquarie Bank"), any Macquarie Group entity noted in this document is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment. THIS RELEASE IS NOT AN OFFER FOR SALE OF SECURITIES IN THE UNITED STATES, AND SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED. View source version on Contacts Investor relations contact:Contact: Nikki SacksTel: +52 (55) 9178 7751Tel: +1 203 682 8263Email: For press inquiries, please contact:FleishmanHillard MéxicoContact: Zaira CorreaTel: +52 55 3017 0260Email:
Yahoo
15-05-2025
- Business
- Yahoo
EQ Bank Tower unveiled, marking ambitious new chapter for Canada's Challenger Bank
Located in Toronto's Downtown East core, EQ Bank Tower serves as new, innovative national headquarters TORONTO, May 15, 2025 /CNW/ - EQB Inc., parent company of Equitable Bank, Canada's Challenger Bank™, is proud to announce the opening of the EQ Bank Tower at 25 Ontario Street, its new national headquarters. Situated in Toronto's vibrant Downtown East, the opening marks Equitable Bank's rapid growth and continued investment in its mission to drive change in Canadian banking to enrich people's lives. The location reflects Equitable Bank's identity as a digital-first challenger bank, intentionally positioned outside Toronto's traditional banking hub, yet central and accessible to all. Spanning 277,988 square feet across 13 floors of the 24-storey tower, the space features a modern, sustainable design and is intentionally outfitted with furniture and fittings from Canadian manufacturers. "The EQ Bank Tower is testament to our incredible growth over 50 years in the Canadian market. As this momentum continues, our new headquarters is a meaningful investment in our people and in the infrastructure that we need to deliver on our mission of driving change in Canadian banking to enrich people's lives," said Andrew Moor, president and CEO, EQB. "We're excited to collaborate and innovate in a space that features the best of Canadian design and business. Most of all, we're proud to have a permanent home where we can continue empowering Canadians with the banking services they deserve." The tower is certified LEED® (Leadership in Energy and Environmental Design) Gold CS (Core and Shell), with the additional LEED® ID+C (Interior Design and Construction), LEED® O+M (Operations and Maintenance), and WELL Building Standard, including the WELL Optimization for Accessibility and Universal Design, certification currently in progress for tenant floors. Every element of the new headquarters was intentionally considered to create a workplace that prioritizes people and purpose, from the lighting designed to support natural circadian rhythms to restorative spaces that promote mental health. "The EQ Bank Tower has been designed to support our talented Challengers by creating a work environment that inspires creativity, bold thinking and the ambition that's crucial to pursuing untapped opportunities traditional banking has yet to explore," said Gavin Stanley, SVP and CHRO, EQB. "We are more equipped than ever to keep nurturing top talent who are driven by their desire to make a positive impact in the lives of Canadians." As Equitable Bank enters its next phase of growth, the EQ Bank Tower stands as a symbol of its commitment to people, progress, and a future where all Canadians have access to a more open, innovative and rewarding banking experience. About EQB Inc. (TSX: EQB) is a leading digital financial services company with $132 billion in combined assets under management and administration (as at January 31, 2025). It offers banking services through Equitable Bank, a wholly owned subsidiary and Canada's seventh largest bank by assets, and wealth management through ACM Advisors, a majority owned subsidiary specializing in alternative assets. As Canada's Challenger Bank™, Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. It leverages technology to deliver exceptional personal and commercial banking experiences and services to over 700,000 customers and more than six million credit union members through its businesses. Through its digital EQ Bank platform ( its customers have named it one of Canada's top banks on the Forbes World's Best Banks list since 2021. To learn more, please visit or connect with us on LinkedIn. Media Contact:Maggie HallDirector, PR & View original content to download multimedia: SOURCE EQB Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
15-05-2025
- Business
- Cision Canada
EQ Bank Tower unveiled, marking ambitious new chapter for Canada's Challenger Bank
TORONTO, May 15, 2025 /CNW/ - EQB Inc., parent company of Equitable Bank, Canada's Challenger Bank ™, is proud to announce the opening of the EQ Bank Tower at 25 Ontario Street, its new national headquarters. Situated in Toronto's vibrant Downtown East, the opening marks Equitable Bank's rapid growth and continued investment in its mission to drive change in Canadian banking to enrich people's lives. The location reflects Equitable Bank's identity as a digital-first challenger bank, intentionally positioned outside Toronto's traditional banking hub, yet central and accessible to all. Spanning 277,988 square feet across 13 floors of the 24-storey tower, the space features a modern, sustainable design and is intentionally outfitted with furniture and fittings from Canadian manufacturers. "The EQ Bank Tower is testament to our incredible growth over 50 years in the Canadian market. As this momentum continues, our new headquarters is a meaningful investment in our people and in the infrastructure that we need to deliver on our mission of driving change in Canadian banking to enrich people's lives," said Andrew Moor, president and CEO, EQB. "We're excited to collaborate and innovate in a space that features the best of Canadian design and business. Most of all, we're proud to have a permanent home where we can continue empowering Canadians with the banking services they deserve." The tower is certified LEED ® (Leadership in Energy and Environmental Design) Gold CS (Core and Shell), with the additional LEED ® ID+C (Interior Design and Construction), LEED ® O+M (Operations and Maintenance), and WELL Building Standard, including the WELL Optimization for Accessibility and Universal Design, certification currently in progress for tenant floors. Every element of the new headquarters was intentionally considered to create a workplace that prioritizes people and purpose, from the lighting designed to support natural circadian rhythms to restorative spaces that promote mental health. "The EQ Bank Tower has been designed to support our talented Challengers by creating a work environment that inspires creativity, bold thinking and the ambition that's crucial to pursuing untapped opportunities traditional banking has yet to explore," said Gavin Stanley, SVP and CHRO, EQB. "We are more equipped than ever to keep nurturing top talent who are driven by their desire to make a positive impact in the lives of Canadians." As Equitable Bank enters its next phase of growth, the EQ Bank Tower stands as a symbol of its commitment to people, progress, and a future where all Canadians have access to a more open, innovative and rewarding banking experience. About EQB Inc. EQB Inc. (TSX: EQB) is a leading digital financial services company with $132 billion in combined assets under management and administration (as at January 31, 2025). It offers banking services through Equitable Bank, a wholly owned subsidiary and Canada's seventh largest bank by assets, and wealth management through ACM Advisors, a majority owned subsidiary specializing in alternative assets. As Canada's Challenger Bank™, Equitable Bank has a clear mission to drive change in Canadian banking to enrich people's lives. It leverages technology to deliver exceptional personal and commercial banking experiences and services to over 700,000 customers and more than six million credit union members through its businesses. Through its digital EQ Bank platform ( its customers have named it one of Canada's top banks on the Forbes World's Best Banks list since 2021. To learn more, please visit or connect with us on LinkedIn. SOURCE EQB Inc.
Associated Press
30-04-2025
- Business
- Associated Press
Schrödinger Demonstrates Corporate Sustainability Progress in 2024 Report
Guided by its mission to improve human health and quality of life by transforming how therapeutics and materials are discovered, Schrödinger is dedicated to driving measurable impact through its Corporate Sustainability third annual Corporate Sustainability Report details the company's progress on its environmental, social, and governance (ESG) commitments and highlights its dedication to its VALUE² strategy, which is grounded in the principle of shared value:"When we add value to the world, we create value for our company, and when we build value for ourselves, we generate value for the world."Throughout 2024, Schrödinger made significant strides in its ESG initiatives, including: the achievement of LEED® green building certifications for key facilities; the continued development of innovative solutions in drug discovery and materials science; and the publication of critical policies to enhance transparency and governance.2024 Report HighlightsEnvironmental Social Governance Schrödinger's 2024 Corporate Sustainability Report references the Global Reporting Initiative Standards and the Sustainability Accounting Standards Board Biotechnology & Pharmaceuticals and Software & IT Services standards. Access the report here. Read More Visit 3BL Media to see more multimedia and stories from Alerts
