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Global Returns Project Mixes Investment With Green Philanthropy – BNN

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(Bloomberg) — You may not know it, but the savings sitting in your bank account are likely contributing to the climate crisis, since major financial institutions regularly extend financing to fossil-fuel companies and other polluting industries. But two former executives say they have found an easy way for you to redirect a small amount of assets to protect the planet instead.

Yan Swiderski and Jasper Judd, founders of The Global Returns Project, are asking individuals to commit 0.25% of their savings and investments every year to organizations that are combating global warming—with the goal of raising a regular annual total of $10 billion within the next decade.

“We are blurring the line between investment and philanthropy by thinking more broadly about what returns we should be looking for and working with financial institutions to create a new normal,” said Judd, who formerly worked as a senior executive at Australia’s Brambles Ltd., a global support services company.

Judd and Swiderski plan to partner with banks and other financial-services providers to show them the importance of offering clients an easy way to direct more of their savings and investments to help the environment.

“Funding not-for-profit climate solutions yields returns just like any other investment,” said Swiderski, who founded the investment firm Finisterre Capital before deciding in 2014 to run an organic farm. “The returns are externalized and shared, but they are real, identifiable and global.”

The men said that all of the investors’ contributions will go to charities including Ashden, ClientEarth, Global Canopy, Rainforest Trust and Trillion Trees, which focus on a range of climate issues from preventing deforestation to enacting environmental policies and funding clean-energy innovations.

©2020 Bloomberg L.P.

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Artis Real Estate Investment Trust announces changes to its board and committee composition – Canada NewsWire

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WINNIPEG, MB, Oct. 29, 2020 /CNW/ – Artis Real Estate Investment Trust (TSX: AX.UN) (“Artis” or the “REIT”) announced today that as part of its Board renewal initiative and its ongoing commitment to enhanced governance initiatives, the Board has undertaken a review of its composition.  Based on new information obtained during this review, the Board has determined that Mr. Victor Thielmann is not independent and should not continue as a member of the Audit Committee and the Governance and Compensation Committee. Mr. Thielmann has provided his resignation from the Board of Artis effective immediately.  On behalf of Artis, Mr. Warkentin, the Chair of the Board, extends his appreciation to Mr. Thielmann for his numerous years of valued service to Artis.  Lauren Zucker, Bruce Jack and Ben Rodney will continue to serve as independent trustees on the Audit Committee.

Other changes include Mr. Wayne Townsend voluntarily stepping down as a member of the Governance and Compensation Committee, Mr. Ben Rodney replacing him on this committee and stepping down as a member of the Investment Committee, and Ms. Lauren Zucker being added to the Investment Committee as successor to Mr. Ben Rodney.   

The vacancy left by Mr. Thielmann’s resignation will be filled by the Board as part of its Board renewal initiative.  The Board has retained Rosin Executive Search to advise on new suitable Trustee candidates.

Artis is a diversified Canadian real estate investment trust investing primarily in industrial and office properties in select markets in Canada and the United States. Since 2004, Artis has executed an aggressive but disciplined growth strategy, building a portfolio of commercial properties which, as of June 30, 2020, comprised approximately 23.8 million square feet of leasable area. Artis is focused on growing its industrial portfolio through strategic development projects in its target markets.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

SOURCE Artis Real Estate Investment Trust

For further information: please contact Mr. Armin Martens, President and Chief Executive Officer, Mr. Jim Green, Chief Financial Officer or Ms. Heather Nikkel, Vice-President – Investor Relations of the REIT at 1.204.947.1250

Related Links

http://www.artisreit.com

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G2S2 Capital Inc. Announces Investment in Cominar Real Estate Investment Trust – Canada NewsWire

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MONTRÉAL, Oct. 28, 2020 /CNW/ – G2S2 Capital Inc. (“G2S2”) announces today that it has increased its ownership of trust units (“Units”) of Cominar Real Estate Investment Trust (“Cominar”) to over 10% of Cominar’s outstanding Units.  

On October 28, 2020, G2S2 acquired 600,000 Units of Cominar through the facilities of the Chi-X alternative trading system at a price of CDN$7.30 per Unit (the “Acquisition”), representing approximately 0.34% of the outstanding Units.  Prior to the Acquisition, G2S2 owned and exercised control over an aggregate of 18,245,100 Units of Cominar, representing approximately 9.99% of the outstanding Units. Immediately after the Acquisition, G2S2 owns and exercises control over an aggregate of 18,845,100 Units of Cominar, representing 10.33% of the outstanding Units.

G2S2 acquired the Units for investment purposes. G2S2 may, from time to time, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over Units of Cominar through market transactions, private agreements, or otherwise.

In accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, G2S2 has filed an early warning report regarding these transactions on the System for Electronic Document Analysis and Review (SEDAR) at www.sedar.com under Cominar’s issuer profile. Cominar’s head office is located at 2820 Laurier Blvd., suite 850 Quebec City, Québec G1V 0C1.

About G2S2

G2S2 Capital Inc. is a privately held investment holding company focused on creating value across a variety of businesses with a long term horizon. G2S2 is incorporated under the laws of Canada. G2S2 is controlled
by George & Simé Armoyan.

SOURCE G2S2 Capital Inc.

For further information: or to obtain a copy of the early warning report, please contact George Armoyan, Executive Chairman of G2S2 at 514-333-8800, extension 1925.

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Inovalis Real Estate Investment Trust initiates strategic review process to enhance unitholder value – Canada NewsWire

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/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

TORONTO, Oct. 28, 2020 /CNW/ –  Inovalis Real Estate Investment Trust (the “REIT”) (TSX: INO.UN) today announced the formation of a special committee of independent members of the Board of Trustees (the “Special Committee”) to consider strategic alternatives available to the REIT. The Special Committee expects to review and evaluate a wide range of strategic alternatives to enhance unitholder value.  

Given the persistent discount between the REIT’s trading price, the implied IFRS Value, and the Board and management’s view of the REIT’s intrinsic value, the trustees concluded that it would be in the best interest of the REIT and the unitholders to conduct a complete strategic review of its business and organization.

The decision was made after weighing the consequences of the pandemic in the REITs core markets. The REIT will continue to evaluate the possible acquisition or disposition of certain portfolio assets throughout this process.

The Special Committee is comprised of Dan Argiros (Chair), Jean-Daniel Cohen, Michael Lagopoulos, Jo-Ann Lempert, Marc Manasterski, Michael Missaghie and Robert Picard.

There can be no assurance that this process will result in a transaction or other new agreement. The REIT does not intend to disclose further developments with respect to this process, unless and until the Board of Trustees approves a specific transaction, alternative new agreement or otherwise concludes the review of strategic alternatives.

About Inovalis Real Estate Investment Trust
Inovalis Real Estate Investment Trust is an unincorporated, open-ended real estate investment trust established pursuant to a declaration of trust under the laws of the Province of Ontario. The REIT has been created for the purpose of acquiring and owning office properties primarily located in France and Germany but also opportunistically in other European countries where assets meet the REIT’s investment criteria. The REIT currently owns interests in office properties in both France and Germany.

Forward-Looking information

This news release contains forward-looking information within the meaning of applicable securities legislation. Forward-looking information generally can be identified by the use of forward-looking terminology such as “outlook”, “objective”, “may”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “should”, “plans”, or “continue”, or similar expressions suggesting future outcomes or events. Forward looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Inovalis REIT’s control that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, global and local economic and business conditions; the financial condition of tenants; our ability to refinance maturing debt; leasing risks, including those associated with the ability to lease vacant space; the impact the COVID-19 virus will have on the REIT’s operations and interest and currency rate functions. The REIT’s objectives and forward-looking statements are based on certain assumptions, including that the Canadian and European economies remain stable, interest rates remain stable, conditions within the real estate market remain consistent, competition for acquisitions remains consistent with the current climate and that the capital markets continue to provide ready access to equity and/or debt. All forward-looking information in this news release speaks as of the date of this news release. Inovalis REIT does not undertake to update any such forward-looking information whether as a result of new information, future events or otherwise except as required by law. Additional information about these assumptions and risks and uncertainties is contained in the REIT’s filings with securities regulators, including its latest annual information form and MD&A.

SOURCE Inovalis Real Estate Investment Trust

For further information: David Giraud, Chief Executive Officer, Inovalis Real Estate Investment Trust, Tel: +33 1 5643 3323, [email protected]; Robert J. Picard, Trustee, Inovalis Real Estate Investment Trust, Tel: +1 416 865 6645, [email protected]

Related Links

www.inovalis.com

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