(NYSE: TRNO) has acquired a 53,000 square-foot Los Angeles, California
industrial property for approximately USD 18.1m, the company said.
Rexford Industrial Realty Inc (NYSE:REXR) has acquired an
industrial property in an UPREIT transaction, the company revealed on Thursday.
In an off-market transaction, the company acquired 1515 East 15th Street, located in Downtown Los Angeles within the LA Central submarket, a two-story vacant
industrial property containing 238,000 square feet on 2.34 acres of land that features 10 dock-high loading doors and subterranean parking.
The Kingdom is also witnessing a remarkable demand in industrial investment after intensified efforts by the Saudi
Industrial Property Authority (MODON) and other government agencies.
The MoU aims to promote cooperation and the exchange of knowledge and expertise on intellectual property practices, through training economic representatives on
industrial property applications and enabling students to get specialised studies in various areas of
industrial property, with focus on patents.
Plant-based nutrition company Raisio Oyj (HEL:RAIVV) announced on Friday that its Southall
industrial property near London has been transferred to the ownership of Galliard Homes Ltd after payment of the remaining 90% of the purchase price of approximately EUR40m on 9 June 2017.
"Automating the
industrial property sector is an essential step in fostering innovation and developing domestic industries," remarked Al Shehhi.
Lower priced
industrial property can be found in Al Quoz, Ras Al Khor and Al Quasis while those in DIP, Jafza and Jebel Ali are more expensive.
Mr Burrell said: "This move allows me to concentrate on an
industrial property portfolio, working on instructions for institutional clients such as Standard Life and M&G, and to continue to build specialist knowledge of the
industrial property market."
They recognized that while many
industrial property business practices and operations are different, there are also a number of issues that are common to both property types.