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PR Newswire

Panchshil Realty Celebrates Strong Sales Growth at Its Flagship Residential Project-Panchshil Towers, Pune

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PUNE, India, Sept. 24, 2020 — Panchshil Realty today announced that it has achieved strong sales growth and seen excellent demand for its flagship residential project Panchshil Towers, located in Pune’s eastern IT corridor.

Panchshil Towers Clubhouse Render
Panchshil Towers Clubhouse Render

To view the Multimedia News Release, please click:  https://www.multivu.com/players/uk/8769551-panchshil-realty-sales-at-panchshil-towers/

Over the last year, sales at Panchshil Towers have seen encouraging double-digit growth in the domestic market and sales to NRIs have tripled. The sales momentum has in fact picked up post the onset of the pandemic as discerning home buyers are now seeking spacious and well planned homes.

Panchshil Towers’ proximity to Kharadi is one of the many key drivers of sales growth. Over the next 3 to 5 years the total office stock at Kharadi is expected to reach 24 Million Sq Ft with 3,50,000 people expected to work there.

Panchshil Towers is a premium residential destination comprising 9 towers spread over 14 acres with 60% open spaces.  3.5 and 4.5 bedroom-hall-kitchen (BHK) residences are available here with typical apartments ranging in size from 1900 square feet to 2200 square feet (all areas are RERA carpet areas). (MahaRERA No. P52100002528)

Towers A, B, D & E are ready-to-move-in. Apartments at Panchshil Towers (Towers A, B, D & E) start at INR 2.45* Cr. while apartments in the other towers start at INR 1.93 Cr.

Sharing his insights on the sales trends of Panchshil Towers, Mr. Sagar Chordia, Director, Panchshil Realty said, "There has been an increase in demand for larger homes and families want spacious homes to be safe and comfortable post the pandemic. Besides, buyers are increasingly choosing ready-to-move-in homes to fulfill their aspirations for better living in a community setting."

To know more about Panchshil Towers, please click here

Panchshil Realty’s total completed real estate portfolio is around 23 million square feet with another 20 million square feet under development. Panchshil Realty’s three main business verticals are Residential, Commercial and Hospitality. A significant chunk of Panchshil Realty’s office portfolio is anchored by Blackstone Real Estate Private Equity Fund, sponsored and managed by Blackstone Group LP.For more information about Panchshil Realty, please visit www.panchshil.com

For sales enquires related to Panchshil Towers, Pune, please contact Himanshu Rathore on +91-99230-55555 or via email at Himanshu.rathore@panchshil.com

For more detailed disclaimers about Panchshil Towers, please click here.

Photo – https://mma.prnasia.com/media2/1279116/panchshil_towers_clubhouse.jpg?p=medium600  
Infographic – https://techent.tv/wp-content/uploads/2020/09/panchshil-realty-celebrates-strong-sales-growth-at-its-flagship-residential-project-panchshil-towers-pune-4.jpg
Infographic – https://techent.tv/wp-content/uploads/2020/09/panchshil-realty-celebrates-strong-sales-growth-at-its-flagship-residential-project-panchshil-towers-pune-5.jpg
Infographic – https://mma.prnasia.com/media2/1279118/sales_trends_infographic.jpg?p=medium600
Logo – https://mma.prnasia.com/media2/1042836/Panchshil_Realty_Logo.jpg?p=medium600

ADVANTAGE KHARADI
ADVANTAGE KHARADI

 

KEY DRIVERS Influencing buyers' preference for Panchshil Towers.
KEY DRIVERS Influencing buyers’ preference for Panchshil Towers.

 

Highlight of Sales Trends at PANCHSHIL TOWERS
Highlight of Sales Trends at PANCHSHIL TOWERS

 

 

Related Links :

http://www.panchshil.com/

PR Newswire

Nam Tai Property Announces Grand Opening of Nam Tai Inno Park at Greater Bay Area Tech-empowerment Summit

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SHENZHEN, China, Sept. 11, 2020  — Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) is pleased to announce the grand opening of Nam Tai Inno Park (the "Park") at its brand launching event as a part of the "Tech Empowerment • Greater Bay Area" – Technology and Industry Development Summit (the "Summit") held on September 10, 2020 at Guangming Community Sports Center.

At the event, Nam Tai hosted a ceremony with corporate tenants and business partners. Guests included Taihang Automobiles, Mornsun Electronics, Yihong Technology, as well as Harbin Institute of Technology (Shenzhen), Bank of China and Cowin Capital, among others. To date, the Park has attracted around 30 corporate tenants in various tech fields under its pre-leasing program.

The opening of the Park marks the first project launched to the market in Nam Tai’s portfolio and highlights the progress the Company is making on its strategy to be a leading operator of technology parks. Nam Tai is committed to providing the safest, highest quality mixed-use technology and industrial spaces. The Company is also committed to differentiated development strategies, integrated industrial operation system, tech innovations and development opportunities that will create long-term value for its shareholders.

Under the guidance of the Commerce Bureau and Science and Technology Innovation Bureau of Shenzhen Guangming District, Nam Tai co-organized the Summit with Shenzhen Industry-University-Research Cooperation Promotion Association and Shenzhen Big Data and Artificial Intelligence Industry Alliance. In attendance were officials from the district government, industry leaders, scholars and researchers, well-known industry experts, Nam Tai management, financial institutions and media. At the Summit, Jianguo Wei, former Vice Minister of Commerce of China and Vice Chairman of the Center for International Economic Exchanges, delivered a speech on the integration trend of science and technology and industrial economy in the context of the Guangdong-Hong Kong-Macao Greater Bay Area. In addition, Tianyou Chai, academician of the Chinese Academy of Engineering, and Jing Xiao, chief scientist of Ping An Insurance and special expert of national "Thousand Talents Program", discussed the development and future of automation science and technology, and the exploration and practice of "artificial intelligence+finance". 

Nam Tai Inno Park is located in the central area of Guangming District, Shenzhen, with a gross floor area of approximately 330,000 square meters, encompassing five industrial office buildings, two business service centers and three talent dormitories. The office buildings and dormitories are under renovation to be delivered in batches from the third quarter of 2020. The Park is building a "3+4+5" industrial service system to empower enterprises in aspects of technology, incubation, talent, finance, and intelligence. As part of the development project, Nam Tai and Harbin Institute of Technology (Shenzhen) established a "Big Data and Artificial Intelligence Public Service Center" to jointly provide an intelligent ecological environment for enterprises. The Park will continue to promote regional economic development and tech innovation by providing high-quality industrial spaces and service systems.

About Nam Tai Property Inc.

We are a real estate developer and operator, mainly conducting business in Mainland China. Our main land resources are located in the Guangdong-Hong Kong-Macao Greater Bay Area ("Greater Bay Area") and Wuxi, China, of which the three plots in Shenzhen will be developed into Nam Tai Inno Park, Nam Tai Technology Center and Nam Tai Inno Valley. We plan to build these technology parks into landmark parks in the region and provide high-quality industrial offices, industrial service spaces and supporting dormitories to the tenants. Based on the experience of developing and operating technology parks and an industrial relationship network accumulated over the past 40 years, we have also exported the operation model of technology parks to other industrial properties. Through an asset-light model, we have leased industrial properties for repositioning and business invitation. We will also expand the commercial and residential property business in China as an auxiliary development strategy of the Company. As the growth prospects of China maintain, we shall seize development opportunities in the Greater Bay Area and other first- and second-tier cities in China, and continue to strengthen and expand the business of industrial real estate, and commercial and residential properties. Nam Tai Property Inc. is a corporation registered in the British Virgin Islands and listed on the New York Stock Exchange (Symbol: "NTP"). Please refer to our corporate website (www.namtai.com) or the SEC website (www.sec.gov) for our press releases and financial statements.

Forward-looking Statement and Factors that Could Cause our Share Price to Decline

Certain statements included in this press release, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may", "might", "can", "could", "will", "would", "anticipate", "believe", "continue", "estimate", "expect", "forecast", "intend", "plan", "seek", or "timetable". These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business and the industry in which we operate. These statements are only predictions based on our current expectations about future events. There are several factors, many beyond our control, which could cause results to differ materially from our expectation. These risk factors are described in our Annual Report on Form 20-F and in our Current Reports filed on Form 6-K from time to time and are incorporated herein by reference. Any of these factors could, by itself, or together with one or more other factors, adversely affect our business, results of operations or financial condition. There may also be other factors currently unknown to us, or have not been described by us, that could cause our results to differ from our expectations. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements apply only as of the date of this announcement; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstance occurring after the date of this press release or those that might reflect the occurrence of unanticipated events.

Related Links :

http://www.namtai.com

PR Newswire

Discover the Untapped Revenue Potential of Cinema in the Kingdom of Saudi Arabia

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Frost & Sullivan’s Digital Media team to explore the cinema exhibition market in KSA and outline strategies for growth during upcoming webinar

SANTA CLARA, California, Aug. 24, 2020 — The loosening of restrictions on the media and entertainment sector by The Kingdom of Saudi Arabia (KSA) has fueled the demand for public viewing of cinema in theaters. This positive development has created revenue generation opportunities for several stakeholders in the ecosystem, both nationally and internationally, as the region is one of few in the world where cinema exhibition is a new business. To help navigate this emergent market, our Digital Media team will provide insight on the near- to long-term growth opportunities present in KSA against a backdrop of challenges, such as the current COVID-19 pandemic and stiff competition faced from over-the-top (OTT) players.

Frost & Sullivan - cinema exhibition in KSA
Frost & Sullivan – cinema exhibition in KSA

Join Frost & Sullivan Director Saurabh Verma, accompanied by Runaway Insights experts Sailesh Dave and Neil Dave, for the Growth Opportunity briefing, "Cinema Exhibition Business in KSA: Strategies for Revenue Generation & Growth," on September 1 at 3 p.m. GST. The briefing will shed light on key innovative development strategies that can be launched by cinema chain operators to effectively enter the market in KSA and sustain long-term progress and profitability.

For more information and to register for the webinar, please visit: http://frost.ly/4do

Key benefits of attending this webinar:

  • Understand the role analytics and big data will play in the theatrical exhibition business in KSA.
  • Decipher if and how cinema chain operators can co-exist with OTT platforms.
  • Discover why KSA is the destination for future investments by real estate developers, cinema equipment and technology providers, and distribution and marketing companies.
  • Identify how cinema chain operators, independent local content creators, international production houses and studios can effectively capitalize on the immense growth opportunities from theatrical exhibition in KSA.

The event will also be recorded and available on-demand at http://frost.ly/1ti. 

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Press Contact: 

Jaylon Brinkley
Frost & Sullivan 
+1 (210) 247 2481
jaylon.brinkley@frost.com

Photo – https://techent.tv/wp-content/uploads/2020/08/discover-the-untapped-revenue-potential-of-cinema-in-the-kingdom-of-saudi-arabia.jpg

 

Related Links :

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PR Newswire

E-House to Become Leju’s Majority Shareholder; E-House, Alibaba and Leju to Jointly Build Online Real Estate Platform; Alibaba to Increase Stake in E-House

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BEIJING, July 31, 2020 — Leju Holdings Limited ("Leju" or the "Company") (NYSE: LEJU), a leading e-commerce and online media platform for real estate and home furnishing industries in China, today announced that it has become aware that E-House (China) Enterprise Holdings Limited ("E-House") (Stock Code: 2048), listed on The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), has entered into definitive agreements with Mr. Xin Zhou, Leju’s executive chairman, and certain of his affiliated entities ("Zhou Parties"), and SINA Corporation and its affiliated entity ("SINA Parties"), to acquire an aggregate of 56.19% interest in the issued share capital of Leju. 

To Leju’s knowledge, pursuant to the agreements, E-House has conditionally agreed to purchase (i) 49,686,192 ordinary shares and 2,239,804 ADSs (each representing one ordinary share) of Leju from the Zhou Parties by issuing to the Zhou Parties 166,918,440 of its ordinary shares ("E-House Shares"), and (ii) 24,438,564 ordinary shares and 36,687 ADSs (each representing one ordinary share) of Leju from the SINA Parties by issuing to the SINA Parties 78,676,790 E-House Shares. The completion of these transactions is subject to certain closing conditions, including the approval by the requisite majority of shareholders or independent shareholders of E-House and the granting of the approval for the listing of, and permission to deal in, the E-House Shares by the Hong Kong Stock Exchange. Upon completion of these transactions, Leju will become a subsidiary of E-House and its financial results will be consolidated into the accounts of E-House.

In addition, E-House announced the establishment of strategic cooperation with Alibaba Group Holding Limited (NYSE, BABA, 09988.HK) ("Alibaba"). According to a business cooperation agreement entered into between E-House and a subsidiary of Alibaba, the two parties will cooperate in areas including online-offline real estate transaction, digital marketing and after-sale services with the goal of enhancing the digital and intellectual capabilities of the real estate service industry. Alibaba will closely collaborate with E-House and Leju to build an online real estate marketing platform and digital transaction network, with E-House being the operator of online transaction services on the platform and Leju being the operator of digital marketing services.

Also to Leju’s knowledge, Alibaba has agreed to (i) subscribe for E-House Shares to be issued by E-House, which will increase Alibaba’s stake in E-House to approximately 8.32%, and (ii) subscribe for a convertible note to be issued by E-House that is convertible into E-House Shares. Assuming full conversion of the convertible note, Alibaba will own a total 13.26% of the issued share capital of E-House, making it the second largest shareholder of E-House.  

"The cooperation between E-House and Alibaba is not only a key milestone in E-House’s and Leju’s development, but also a significant event in China’s real estate service industry," said Mr. Xin Zhou, Leju’s executive chairman. "In the process of collaborating with E-House and Alibaba to build an online real estate marketing and transaction platform, Leju will leverage its experience in online marketing and transaction service and become the service provider for digital marketing and operation on the platform. This will greatly enhance Leju’s core value and competitiveness."

About Leju

Leju Holdings Limited ("Leju") (NYSE: LEJU) is a leading e-commerce and online media platform for real estate and home furnishing industries in China, offering real estate e-commerce, online advertising and online listing services. Leju’s integrated online platform comprises various mobile applications along with local websites covering more than 380 cities, enhanced by complementary offline services to facilitate residential property transactions. In addition to the Company’s own websites, Leju operates the real estate and home furnishing websites of SINA Corporation, and maintains a strategic partnership with Tencent Holdings Limited. For more information about Leju, please visit http://ir.leju.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Statements that are not historical facts, including statements about Leju’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement All information provided in this press release is as of the date of this press release, and Leju does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

Ms. Christina Wu
Leju Holdings Limited
Phone: +86 (10) 5895-1062
E-mail: ir@leju.com

Philip Lisio
Foote Group
Phone: +86 135-0116-6560
E-mail: phil@thefootegroup.com

PR Newswire

KPMG and Planon Extend Cooperation to Support Organisations in the Digitalisation of Lease-, Real Estate- and Portfolio Management Processes

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NIJMEGEN and AMSTELVEEN, Netherlands, June 26, 2020 — KPMG and Planon today announced moving their collaboration to the next level, by signing a partnership agreement. Over the past two years the parties have been successfully working together on helping companies to comply with IFRS 16 standards by implementing Planon’s Lease Accounting solution across Europe.

Thanks to this partnership organisations can achieve a stronger ‘end-to-end transformation’ from lease accounting towards strategic portfolio management. The combination of Planon’s innovative software solutions with KPMG’s extensive knowledge around process optimisation and performance improvements creates synergy. It will enable building owners and users to plan and execute a smart portfolio management strategy, using innovative technologies managed from a single-source-of-truth.

Gerben de Roest, Partner at KPMG Enterprise Solutions, said, ‘I am very happy that we have found a global software provider that helps building owners and occupiers to streamline business processes for buildings, people and workplaces and that puts innovation first. I am looking forward to continuing our successful collaboration by helping our mutual and new clients to get the most value out of their Planon investments, by providing value added expertise and controlled implementation of Planon solutions and related technology.’

Sander Grunewald, Partner at KPMG Real Estate Advisory, added, ‘The extended cooperation in a partnership between Planon and KPMG emphasises our global firm’s focus to support corporate organisations with optimising and digitising their real estate portfolios and further align real estate within its key business strategy. Many of our corporate clients are looking to embrace the opportunities that technology brings. We aim to support them in gaining the full potential from digital and innovative technology. Planon is one of the established technology providers in this domain that can fulfill a bridging role to connect the technology solutions and bring additional value to the corporate clients.

About Planon

With over 35 years of experience, Planon is the leading global provider of innovative software, proven best practices and professional services that help building owners and occupiers, commercial service providers, and financial controllers to streamline business processes.

About KPMG Netherlands

KPMG has offered high-quality accountancy and advice services in the Netherlands since 1917.

 

Related Links :

https://planonsoftware.com

PR Newswire

Infosys Launches ‘Return to Workplace’ Solutions to Help Enterprises Build Safe, Nurturing and Resilient Workplaces

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BENGALURU, India, June 11, 2020 /PRNewswire/ — Infosys (NYSE: INFY), the global leader in next-generation digital services and consulting, today announced the launch of its enterprise-grade ‘Return to Workplace’ solutions to help clients ensure safety and wellness of their employees as they adapt to new ways of working amid the COVID-19 pandemic.

The cloud and edge-based solutions offer a comprehensive framework that enables enterprises to implement:

  • Elevated Body Temperature (EBT) screening – Leverages automation and AI on Edge to help enterprises screen their workforce or visitors in real-time for possible infection to isolate them and prevent them from entering the establishment.
  • Contact Tracing – Redefining the contact tracing category using proven technologies like GPS and BLE (Bluetooth Low Energy) to provide completely voluntary and Opt-In basis for building traceability.
  • Mask Compliance / Social Distancing Compliance – Video analytics algorithms to provide alerts when masks are not detected, or the distance between people walking together or gathering at a place is not sufficient. Smart wearables can also be incorporated based on the specific situations.
  • COVID-19 Chatbot – An AI-powered Digital Assistant solution to help answer employee queries related to return to work scenarios
  • Contactless biometrics – Ensures employees and visitors enter workplaces in a safe manner
  • Occupancy and workspace analytics – To help real estate teams track metrics on floor occupancy, density and automate sanitation routines in common areas. Contactless elevator workflows, HVAC refresh cycles and many more solutions towards ongoing workplace wellbeing.

These solutions do not collect any Personally Identifiable Information (PII) and use the power of AI, IOTVision Analytics, Edge Computing, 5G, RFID, Biometrics and Gesture controls to reduce the need for human intervention and enable data-driven decision making. The underlying platform ensures ease of maintenance and compliance reporting as required in various geographies.

Nitesh Bansal, SVP and Head- Engineering Services, Infosys, said, “The future of work will demand innovative solutions that enterprises can deploy rapidly, and at scale to ensure safety of their workforce while at the same time nurture collaboration and productivity. We are pleased to launch our ‘Return to Workplace’ offering that is aimed at positively impacting the re-opening of workspaces in a seamless, automated, and systematic manner. We are implementing some of these solutions, starting with EBT checks, across five million sq. ft. of our own office spaces as we prepare for 20,000 Infosys employees to return to their workplaces in a phased manner. We are confident that these solutions will reassure enterprises and employees that their workplaces are safe, collaborative, yet non-intrusive.”

These solutions adhere to data privacy standards and practices with FDA, FCC, ISO, and IEC compliance.

Mukesh Dialani, Program Director of Product Engineering and Operations Technology/Services, IDC, said, “Infosys’ scalable and flexible ‘Return to Workplace’ solution is timely and well thought out. Adhering to data privacy standards and built on a foundation of digital engineering elements including computer vision, edge and AI, it will provide customers with processes and solutions to restart their operations in a safe and resilient manner.”

To know more on how ‘Return to Workplace’ solutions came about, and watch Nitesh Bansal tell the story, click here: https://www.infosys.com/newsroom/infytv/making-our-way-back-to-workplace.html

About Infosys Ltd.

Infosys is a global leader in next-generation digital services and consulting. We enable clients in 46 countries to navigate their digital transformation. With nearly four decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.

Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.

Safe Harbor

Certain statements in this release concerning our future growth prospects, financial expectations and plans for navigating the COVID-19 impact on our employees, clients and stakeholders are forward-looking statements intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding COVID-19 and the effects of government and other measures seeking to contain its spread, risks related to an economic downturn or recession in India, the United States and other countries around the world, changes in political, business, and economic conditions, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry and the outcome of pending litigation and government investigation. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2019. These filings are available at www.sec.gov . Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

Logo – https://techent.tv/wp-content/uploads/2020/06/infosys-launches-return-to-workplace-solutions-to-help-enterprises-build-safe-nurturing-and-resilient-workplaces.jpg