Latest news with #SIR
Yahoo
9 hours ago
- Business
- Yahoo
SIR Royalty Income Fund Announces June 2025 Distribution
BURLINGTON, ON, June 11, 2025 /CNW/ - SIR Royalty Income Fund (TSX: ("the Fund") today declared a cash distribution of $0.095 per unit for the period May 1, 2025 to May 31, 2025. The distribution will be payable on June 30, 2025 to unitholders of record as at the close of business on June 20, 2025. About SIR Royalty Income Fund The Fund is a trust governed by the laws of the province of Ontario that receives distribution income from its investment in the SIR Royalty Limited Partnership and interest income from the SIR Loan. The Fund intends to pay distributions to unitholders on a monthly basis. About SIR Corp. SIR Corp. ("SIR") is a privately held Canadian corporation that owns a portfolio of 53 restaurants in Canada. SIR's Concept brands include Jack Astor's Bar and Grill® with 35 locations and Scaddabush Italian Kitchen & Bar® with 13 locations. SIR also operates one-of-a-kind Signature brands including The Loose Moose®, Reds® Square One and Edna + VitaTM. All trademarks related to the Concept and Signature brands noted above are used by SIR under a License and Royalty Agreement with SIR Royalty Limited Partnership. SIR also owns two Duke's Refresher® + Bar locations, which are currently not part of the Royalty Pool. For more information on SIR or the SIR Royalty Income Fund, please visit SOURCE SIR Royalty Income Fund View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
9 hours ago
- Business
- Cision Canada
SIR Royalty Income Fund Announces June 2025 Distribution
BURLINGTON, ON, June 11, 2025 /CNW/ - SIR Royalty Income Fund (TSX: ("the Fund") today declared a cash distribution of $0.095 per unit for the period May 1, 2025 to May 31, 2025. The distribution will be payable on June 30, 2025 to unitholders of record as at the close of business on June 20, 2025. About SIR Royalty Income Fund The Fund is a trust governed by the laws of the province of Ontario that receives distribution income from its investment in the SIR Royalty Limited Partnership and interest income from the SIR Loan. The Fund intends to pay distributions to unitholders on a monthly basis. About SIR Corp. SIR Corp. ("SIR") is a privately held Canadian corporation that owns a portfolio of 53 restaurants in Canada. SIR's Concept brands include Jack Astor's Bar and Grill® with 35 locations and Scaddabush Italian Kitchen & Bar® with 13 locations. SIR also operates one-of-a-kind Signature brands including The Loose Moose®, Reds® Square One and Edna + Vita TM. All trademarks related to the Concept and Signature brands noted above are used by SIR under a License and Royalty Agreement with SIR Royalty Limited Partnership. SIR also owns two Duke's Refresher® + Bar locations, which are currently not part of the Royalty Pool. For more information on SIR or the SIR Royalty Income Fund, please visit
Morocco World
a day ago
- Business
- Morocco World
World Bank Backs $350 Million Project to Transform Casablanca's Rail, Logistics Network
Rabat – The World Bank recently committed $350 million to finance a major overhaul of Greater Casablanca's transport and logistics system. The financing aims to enhance commuter rail operations and enhance the strength of Morocco's national railway company, the Office National des Chemins de Fer (ONCF), preparing it for long-term expansion. Morocco's urban population now reaches 60% and is expected to climb to 70% by 2050. Casablanca-Settat, the country's economic powerhouse, sits at the center of this urban boom. Cities already drive much of Morocco's economy and job creation, but residents face serious challenges like limited transport options in suburban neighborhoods, worsening traffic congestion, and pollution. Addressing these problems is vital for the future livability and economic potential of Moroccan cities. To meet this challenge, the Moroccan government has invested heavily in rail and public transit. The World Bank-sponsored new program, Service Intra-métropolitain Rapproché (SIR), aims to upgrade train station amenities and boost the number of passenger trains operating. This reduces journey times between main points to 45 minutes or less, providing greater access to employment opportunities and basic services for more people. The $350 million will be used to extend an electrified commuter rail network between central Casablanca and expanding suburbs such as Zenata, Mohammedia, Nouaceur, and Bouskoura. The project includes the renovation of 73-kilometer stretches of existing railway lines, electric infrastructure, and signaling equipment that would be resilient against the impacts of climate. It will alleviate congestion on existing lines and increase freight transportation capacity to Casablanca's port, an important commercial center. The project also aims to develop or upgrade 15 multimodal rail stations, with accessible design and development practices that promote transit riding. It aims to increase logistics activities, particularly in the Ain Sebaa industrial district, and enhance access to a new logistics park in Zenata. Ahmadou Moustapha Ndiaye, the World Bank's Maghreb and Malta Division Director, said the financing will enhance ONCF's management and operational abilities, helping the operator evolve into a publicly listed company focused on customer service. He described the project as a key step toward sustainable urban development and improved daily life for Casablanca residents. By mid-2031, the program expects to improve transport access for more than half a million people. It will raise the number of jobs reachable by rail within 45 minutes by seven percent and improve access to essential services by a similar margin. This investment marks a turning point in Casablanca's transport system, aiming to connect growing suburbs efficiently while reducing environmental impact and supporting economic growth across the region. Tags: morocco railwaysMorocco transportworld bankworld bank morocco
Business Mayor
22-05-2025
- Business
- Business Mayor
ASK curated luxury assets fund raises Rs 500 crore
The fund plans to immediately start deploying as per its investment strategy and aims to raise a total of Rs 1,500 crore, including a green shoe option of Rs 500 crore, towards its final close. 'We have industrialists, eminent professionals, family offices, and discerning HNI investors who have participated in the funding round. With the luxury residential market now entering a more mature phase, and the initial exuberance beginning to stabilise, we are confident of striking smarter, better-valued deals with landowners and developers alike,' said Amit Goyal, MD, India Sotheby's International Realty. Registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund under the SEBI AIF Regulations, it is a collaboration between ASK property fund, the real estate arm of the Blackstone-backed ASK asset & wealth management group and India Sotheby's International Realty (SIR). 'This positions us to unlock high-impact opportunities at the right value, maximising the upside potential for our investors. Over the last eight years, we have executed hundreds of prime land transactions across India. Leveraging this deep market insight and transaction expertise, we will now focus on luxury developments featuring serviced residences in selected micro-markets with strong, sustainable demand,' Goyal said. The primary focus of this fund is to leverage the projected growth in India's luxury real estate market. It intends to provide funding in early-stage projects at favourable entry points, mainly in high-end residential projects in major cities, as well as horizontal projects such as second homes and holiday homes. As an Equity-focused fund, it aims to target the profit margin of the project, striving to achieve a minimum multiple of 2 times or more of invested capital.'The fund benefits significantly from SIR's capability to monetize projects through its extensive network, experience, and access to premium land parcels. We believe the fund can secure exclusive deals for our select developer partners via curated opportunities and maximize returns through well-structured investments,' said Amit Bhagat, Co-Founder, CEO & MD at ASK Property Fund. ASK Property Fund is the alternate asset investment arm of the ASK group set up to manage and advise real estate dedicated funds. The focus is on private equity investments in self-liquidating mid-income and affordable residential and commercial segments. It has raised around Rs 8,000 crore since 2009. The Sotheby's International Realty network is present in 83 countries and territories with 1,100 offices and 26,400 sales associates, achieving a transaction volume of USD 143 billion in 2023. The fund aims to complete its first close in Q1 of FY 2026 and its final close by Q3 of FY 2026, followed by the greenshoe option. It plans to fund 3-4 projects annually, with each project's units priced at Rs 8 crore and above.
Time of India
22-05-2025
- Business
- Time of India
ASK curated luxury assets fund raises Rs 500 crore
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel ASK curated luxury assets fund- I (ASK CLAF I), a Category II Alternative Investment Fund , has raised Rs 500 crore to deploy in development of luxury projects across key cities in fund plans to immediately start deploying as per its investment strategy and aims to raise a total of Rs 1,500 crore, including a green shoe option of Rs 500 crore, towards its final close."We have industrialists, eminent professionals, family offices, and discerning HNI investors who have participated in the funding round. With the luxury residential market now entering a more mature phase, and the initial exuberance beginning to stabilise, we are confident of striking smarter, better-valued deals with landowners and developers alike,' said Amit Goyal, MD, India Sotheby's International Realty Registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund under the SEBI AIF Regulations, it is a collaboration between ASK property fund , the real estate arm of the Blackstone-backed ASK asset & wealth management group and India Sotheby's International Realty (SIR).'This positions us to unlock high-impact opportunities at the right value, maximising the upside potential for our investors. Over the last eight years, we have executed hundreds of prime land transactions across India. Leveraging this deep market insight and transaction expertise, we will now focus on luxury developments featuring serviced residences in selected micro-markets with strong, sustainable demand,' Goyal primary focus of this fund is to leverage the projected growth in India's luxury real estate market. It intends to provide funding in early-stage projects at favourable entry points, mainly in high-end residential projects in major cities, as well as horizontal projects such as second homes and holiday homes. As an Equity-focused fund, it aims to target the profit margin of the project, striving to achieve a minimum multiple of 2 times or more of invested capital.'The fund benefits significantly from SIR's capability to monetize projects through its extensive network, experience, and access to premium land parcels. We believe the fund can secure exclusive deals for our select developer partners via curated opportunities and maximize returns through well-structured investments,' said Amit Bhagat, Co-Founder, CEO & MD at ASK Property Property Fund is the alternate asset investment arm of the ASK group set up to manage and advise real estate dedicated funds. The focus is on private equity investments in self-liquidating mid-income and affordable residential and commercial segments. It has raised around Rs 8,000 crore since Sotheby's International Realty network is present in 83 countries and territories with 1,100 offices and 26,400 sales associates, achieving a transaction volume of USD 143 billion in fund aims to complete its first close in Q1 of FY 2026 and its final close by Q3 of FY 2026, followed by the greenshoe plans to fund 3-4 projects annually, with each project's units priced at Rs 8 crore and above.
