Latest news with #NorthBridge
BBC News
14-05-2025
- Climate
- BBC News
Hull city centre bridge to close for repair works
A bridge across the River Hull will be closed at the weekend for repair Bridge in the city centre will close from 06:00 BST on Saturday 17 May to 06:00 on Monday 19 includes essential resurfacing and waterproofing works "to ensure the structure remains safe for road users", Hull City Council council added that the work was also part of preparing the road to handle diverted traffic ahead of the upcoming six-month closure of Drypool Bridge for major repair and strengthening work. Pedestrians and cyclists will still be able to use the bridge during the work, but motorists will be diverted over Drypool Mark Ieronimo, cabinet portfolio holder for transportation, roads and highways at Hull City Council, said: "Due to the increased traffic volume that will be passing over North Bridge as the diversion and dedicated bus route during the Drypool Bridge closure, these works are essential to maintain the integrity of North Bridge throughout this period."We understand the inconvenience this closure will cause and appreciate the public's patience and cooperation whilst our contractors carry-out these vital works."Listen to highlights from Hull and East Yorkshire on BBC Sounds, watch the latest episode of Look North or tell us about a story you think we should be covering here.
BBC News
08-05-2025
- Business
- BBC News
Repairs to Edinburgh's historic North Bridge delayed again to 2026
An over budget project to refurbish a historic bridge in Edinburgh is facing a fresh delay. Work on the Category A-listed North Bridge began in 2018 to help safeguard its long-term was estimated the project would cost £22m but it is now thought the bill for the overhaul will be at least £85m after years of City Council last year said work would be completed by November 2025 but has now pushed this back to spring 2026. Contractors found the bridge in a much worse condition than expected when work began to repair or replace its 6,300 steel impact of the Covid pandemic and ensuring the bridge is capable of taking any future tram lines in the city have also been blamed for the delays and cost overruns. The North Bridge was built in 1897 - by the same firm which built the Forth Bridge - - as a city centre link between the Old and New last major refurbishment was in 1933 and some areas of the structure have not been accessed since the bridge had been completed. In November last year, the City of Edinburgh Council told BBC Scotland that a total of £72.5m had been spent on the project to date with the estimated final cost expected to be £ council also said that it was expected to be finished by November this year. Now it is expected the work will be substantially completed by spring next year and fully finished by the summer. Cllr Stephen Jenkinson, the council's transport convener, said: "When we installed scaffolding to gain access to areas not worked on for 125 years it became clear very quickly that more repairs would be required than initially anticipated. "This has impacted on the length and the cost of the project as well as other factors such as the Covid pandemic and cost of rising inflation."We know that these works have taken longer than we had initially anticipated, and are grateful to the local business community, residents and commuters for their patience."
Yahoo
06-02-2025
- Automotive
- Yahoo
AMG Announces Partnership with NorthBridge Partners
AMG invests in NorthBridge, a private markets manager specializing in industrial logistics real estate assets NorthBridge to leverage AMG's strategic capabilities to enhance its long-term success and continue to build an enduring firm Partnership broadens AMG's exposure to secular growth areas WEST PALM BEACH, Fla., Feb. 06, 2025 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced that it acquired a minority equity interest in NorthBridge Partners, LLC ('NorthBridge'). NorthBridge is a leading vertically integrated real estate investment manager specializing in industrial logistics assets, a high-growth sector benefiting from the expanding digital economy and evolving supply chain dynamics. With approximately $2 billion in assets under management, the firm invests in last-mile logistics properties, acquiring, repositioning, and developing strategically located real estate assets in major markets. Led by partners Greg Lauze, Dean Atkins, and David Aisner, NorthBridge has deep sector expertise and a targeted investment strategy in a market segment with strong secular tailwinds, including robust e-commerce growth, accelerating consumer demand for shorter delivery times, and the onshoring of supply chains. 'Our partnership with NorthBridge broadens AMG's participation in private markets and underscores our focus on investing in areas of secular growth,' said Jay C. Horgen, President and Chief Executive Officer of AMG. 'Given the growing demand for industrial logistics assets, and the entrepreneurialism of its principals, NorthBridge has excellent forward prospects, and AMG's strategic partnership solutions can magnify the firm's long-term success. I am delighted to welcome Greg, Dean, David, and their partners to our Affiliate group.' 'AMG's unique partnership approach provides NorthBridge with access to strategic capabilities and growth capital to further our long-term objectives and maintain our independence,' said Mr. Lauze. 'We are pleased to have found in AMG a partner that shares our commitment to entrepreneurial values and is aligned with us for the long term. We are confident that our partnership will enhance our competitive advantages, which will benefit both our clients and the Northbridge team.' 'We are operating in a rapidly evolving sector, characterized by transformative trends that generate compelling investment opportunities,' added Mr. Atkins. 'Our partnership with AMG will enable us to capitalize on these trends as we further invest in our operational capabilities, increasingly differentiating our firm, to enhance our long-term success.' The terms of the transaction were not disclosed. The management team of NorthBridge will continue to hold a significant majority of the equity and direct the firm's day-to-day operations. About AMG AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG's strategy is to generate long-term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG's unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates' existing advantages and actively supports their independence and ownership culture. As of December 31, 2024, AMG's aggregate assets under management were approximately $708 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies. For more information, please visit the Company's website at About NorthBridge Partners NorthBridge Partners, LLC, founded in 2014, is a vertically integrated real estate investment manager specializing in last-mile logistics properties, acquiring, repositioning, and developing strategically located industrial real estate assets in major markets. NorthBridge has completed over 100 transactions totaling over 15 million square feet throughout its history and currently has approximately $2 billion in assets under management. For more information, please visit Certain matters discussed in this press release issued by Affiliated Managers Group, Inc. ('AMG' or the 'Company') may constitute forward-looking statements within the meaning of the federal securities laws, and could be impacted by a number of factors, including those described under the section entitled 'Risk Factors' in AMG's most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC's website at AMG undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at and encourages investors to consult that section regularly. AMG Media & Investor Relations: Patricia Figueroa(617) 747-3300ir@ in to access your portfolio
