Business & Finance

Sep262025 by FWMNo Comments

Schindler and Accor enter a service agreement in Asia

Schindler announces a new service agreement in Asia with Accor, a global leader in the hospitality industry. The collaboration strengthens the relationship between both parties, enabling closer coordination, shared innovations, and a joint focus on sustainability and customer experience.Schindler has signed a Master Services and Supplies Agreement (MSSA) with Accor, a world-leading hospitality group with more than 5 600 properties across over 110 countries, to deliver and service elevators and escalators to the Accor properties. The MSSA covers nine key strategic markets in Asia – Cambodia, Hong Kong, Indonesia, Macau, Malaysia, the Philippines, Singapore, Thailand, and Vietnam – and encompasses all aspects of Schindler’s offering, including new installations, modernization...

Sep12025 by FWMNo Comments

Volvo Construction Equipment completes divestment of SDLG equity

Business & Finance, News

September 1, 2025Volvo Construction Equipment (Volvo CE) has completed its previously communicated divestment of its ownership in China-based SDLG (Shandong Lingong Construction Machinery Co) to a fund predominantly owned by the Lingong Group (LGG) for SEK 8 billion (6 billion RMB).The transaction is expected to have a positive effect of approximately SEK 1 billion on operating income as of closing, subject to currency fluctuations.Going forward, Volvo CE will be targeting focused customer segments in China and enhance its utilization of the Chinese supplier eco system.

Aug302025 by FWMNo Comments

Holcim closes Nigeria divestment

Business & Finance

Zug | 29 August 2025Holcim has completed the divestment of its Nigeria business, selling its entire 83.81% shareholding in Lafarge Africa PLC to Huaxin Cement at an equity value of USD 1 billion on a 100% basis before dividend adjustments.Martin Kriegner, Regional Head Asia, Middle East & Africa: "We are pleased to have found in Huaxin Cement a trusted buyer that is committed to further developing the business in Nigeria. At the same time, the sale proceeds give Holcim additional capacity for our growth-focused capital allocation. We wish Lafarge Africa PLC and Huaxin Cement continued success."

Aug252025 by FWMNo Comments

Square Yards Q1FY26: Revenue Up 45%; Gross Margins Double; EBITDA Swings 37 crore YoY

Business & Finance, News, PROPERTY MATTERS

Gurugram, Haryana, 25th August 2025 – Square Yards, India’s largest integrated real estate and mortgage platform, has announced its financial results for Q1FY26, reporting a revenue of INR 378 crore and EBITDA of INR 4.4 crore on the back of INR 70 crore gross profit. With these results, the company saw first ever profitable Q1 on the back of doubling of Gross Margins (Y-Y) to 18% and revenue growth of 45%.Key Q1FY26 Highlights:Square Yards reported a revenue of approximately INR 378 crore, marking a year-over-year growth of around 45% from INR 260 crore in Q1FY25. The company facilitated over 55,771 transactions and achieved a Gross Transaction Value (GTV) of INR 18,480 crore in Q1FY26. The Q1FY26 demonstrated the potential of operational leverage in the business, with gro...

Aug212025 by FWMNo Comments

India, Mainland China and Japan Dominate Asia’s Office Leasing, Driving 90% of Demand in H1 2025 – Colliers

Business & Finance

India, China, and Japan drove over 90% of the demand during H1 2025- Singapore witnessed 12X YoY rise in demand, followed by Philippines and Japan at 56% & 55% YoY rise respectively- New supply across the 11 APAC markets rose by 45.4% to 4.8 million square metres (51.7 million square feet)- 8 out of 11 markets saw an annual increase in new supply during H1 2025- Flight to quality, flexibility and sustainability to drive growthBengaluru, 21 August – According to Colliers’ new report, Asia Pacific Office Market Insights H1 2025, leasing activity across 11 key markets reached 4.5 million square metres (48.4 million square feet) in the first half of the year – a 9.6% year-on-year increase – reflecting a broader recalibration of workplace strategi...

Aug152025 by FWMNo Comments

Technology sector anchors ~40% office leasing while global enterprises expand India operations – Colliers India

Business & Finance

Over half of the total leasing across the top 7 cities led by large-sized dealsTech occupiers continue to drive majority of the large-sized deals Bengaluru and Hyderabad drive close to half of the Pan India tech demand Bengaluru, 14 August 2025: Large-sized deals (≥100,000 sq. ft.), continue to drive India’s commercial office market, consistently accounting for bulk of the Grade A office space uptake in the last 5 years. In H1 2025 too, 51% of the total leasing across the top 7 cities was through large-sized deals at 17.2 million sq feet, reflecting occupiers’ sustained appetite for high-quality office spaces to support growth strategies.Trends in office leasing across deal sizes (2020- H1 2025)2020 2021 2022 2023 2024 H1 2025Total gross leasing in m...

Aug12025 by FWMNo Comments

Embassy REIT Leases Record 2.0 Million Square Feet in Q1 FY2026

Business & Finance, News

2.0 msf leased this quarter across 25 deals; highest-ever Q1 leasing • Chennai sees strong pre-leasing with over 500k square feet leased at Embassy Splendid TechZone • Revenue up 13% YoY to ₹1,060 crores; Net Operating Income rises 15% YoY to ₹872 crores • Raised ₹4,225 crores of debt at a blended coupon of 7.18% • Entered binding documents for divestment of ~376k square feet of two strata owned blocks at Embassy Manyata in Bengaluru Bengaluru, India, July 31, 2025 Embassy Office Parks REIT (NSE: EMBASSY / BSE: 542602) (‘Embassy REIT’), India’s first listed REIT and the largest office REIT in Asia by area, reported results today for the first quarter ended June 30, 2025. Ritwik Bhattacharjee, Chief Executive Officer of Embassy REIT, said, “We are delighted to report a strong start...

Jul222025 by FWMNo Comments

‘Our balance sheet remains strong to support this growth as we further prepare for next leg of expansion in the new regions.”-Mr. Puneet Dalmia, MD & CEO – Dalmia Bharat Limited

Business & Finance

Delivering Profitable Growth Q1 FY26 HighlightsAnnounced Cement Capacity expansion of 6 MnTPA at Kadapa(In addition to 6Mnt Expansion announced in Belgaum in Feb 2025)Highest ever quarterly EBITDA of Rs 883 Cr Sales Volume stood at 7.0 MnT during the quarter NSR/T Increased by 6.6% YoY to Rs 5,193/T EBITDA/T increased by 40% YoY to Rs 1,261/T Net Debt to EBITDA stood at 0.33x as on June 30, 2025 Share of Renewable Power Consumption stood at 41.2%(Operational RE capacity including Group Captive - 294 MW) Bengaluru, 22nd July 2025 : Dalmia Bharat Limited, (BSE: 542216, NSE: DALBHARAT), a leading cement manufacturing company, reported its consolidated financial results for the quarter ended June 30, 2025.Financial Highlights for the Quarter ended Ju...

Jun292025 by FWMNo Comments

Atlantic Union Bank Closes Sale of Approximately $2 Billion of Commercial Real Estate Loans to Blackstone

Business & Finance, News

Richmond, Va. & New York, June 26, 2025 – Atlantic Union Bankshares Corporation (NYSE: AUB) (“Atlantic Union”), the holding company for Atlantic Union Bank (the “Bank”), and Blackstone (NYSE: BX) jointly announced today the closing of the sale of approximately $2 billion of the Bank’s performing commercial real estate (“CRE”) loans acquired from Sandy Spring Bank to vehicles affiliated with Blackstone Real Estate Debt Strategies (“BREDS”). The CRE loan sale was contemplated and announced as part of Atlantic Union’s merger with Sandy Spring Bancorp, Inc., which closed on April 1, 2025.“After closing our acquisition of Sandy Spring, we have been focused on integration and execution,” said John Asbury, president and CEO of Atlantic Union. “Today’s announcement is another proof point o...

Jun12025 by FWMNo Comments

Puravankara Closes FY25 with Rs 3,937 Cr Collections, Up 9% YoY; Enters Golden Jubilee Year

Business & Finance

Saturday, May 31, 2025 10:05:03- Bengaluru:Puravankara Limited (NSE: PURVA | BSE: 532891), one of India’s most trusted and admired real estate developers, announced its results for the quarter ending March 31, 2025, and consolidated results for FY25. The year was marked by continued expansion across strategic markets, disciplined capital allocation, and laying the groundwork for future growth.In Q4FY25, Pre-sales stood at Rs 1,282 crore, driven by a sales volume of 1.42 million square feet and healthy collections of Rs 946 crore. Total revenue for the quarter stood at Rs 564 crore.For FY25, the company achieved robust pre-sales of Rs 5,006 crore, with a sales volume of 5.67 million square feet and a 10% year-on-year increase in sales realisation to Rs 8,830 per square foot. Co...