Benchmark Logistics, a prominent logistics solutions provider in Sri Lanka, recently inaugurated its new office at Rigel Building, Orion City, Colombo 09, marking a significant milestone in the company’s two-decade journey in Sri Lanka. Founded in 2003, Benchmark Logistics has consistently strived for excellence and is now under the dynamic leadership of Managing Director Indika.
While the finishing touches are being put to the two-tower Pavilion Residences, the owner of one of these towers is getting ready to sell the luxury condo units in what is described as a “depressed market”.IMMO Pavilion, a German investment services group that acquired Tower 1 en bloc in 1H2008, believes it is the right time to sell as it sees confidence returning to the market. The towers, which have 368 condo units, sit atop a 7-storey retail podium that houses the Pavilion KL shopping mall on Jalan Bukit Bintang in Kuala Lumpur. The towers and mall are part of the 12.6-acre leasehold Pavilion Kuala Lumpur urban development project. The project has a gross development value of over RM3 billion and also features a 19-storey office tower and a 180-room boutique hotel.The owner of Tower 2 is international financier Kuwait Finance House (KFH), which previously held a 49% stake in the entire Pavilion KL development through Baitak Asia Real Estate Fund, a joint venture between KFH and
JAPAN
Dai-ichi Life Insurance decided to make an impact investment of ¥100 million ($960,540) in Metcela, a Japanese startup engaging in the development of regenerative medicines for patients with chronic heart failure.
This investment is part of the company’s ESG investment programme. According to its latest annual report, the insurer aims, by 2023, to double its total ESG investments from ¥1.37 trillion ($13.16 billion) in 2019. Dai-ichi Life had ¥36.8 trillion in total assets as of September 2020.
KOREA
The National Pension Service committed a total of $450 million to two North America-focused funds launched by Stonepeak Infrastructure Partners and Macquarie Infrastructure Partners.
New York-based Stonepeak got $250 million from the South Korean state pension scheme last year, while Australia-based Macquarie received $200 million.