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Business Times
08-08-2025
- Business
- Business Times
IReit Global sees risk of losing potential lawsuit as ‘remote', takes no action for now
[SINGAPORE] The manager of IReit Global does not plan to take any steps to mitigate the impact of a potential lawsuit from its main tenant for now, citing the 'remote' chance of the case succeeding. If the dispute proceeds, however, it could take 'several years' to resolve. The manager of the Europe-focused real estate investment trust (Reit) was commenting on the possible litigation involving Deutsche Rentenversicherung Bund (DRV), the main tenant of its Berlin Campus asset, during the briefing on Friday (Aug 8) of the Reit's financial results for the first half of the year. DRV is seeking a partial repayment of dilapidation costs amounting to 8.4 million euros (S$12.6 million), out of a contractually agreed 15.5 million euros, for what it claims are 'unjustified' charges. The claim represents about 1.6 per cent of IReit's net asset value and 11.1 per cent of gross revenue for FY2024. 'We have yet to even receive a payment order from the court, so there's nothing much to talk about,' said Kevin Tan, the manager's chief financial officer. DRV had sent a legal letter to IReit's subsidiaries on Jun 12, to which a formal response rejecting the claim was sent on Jun 25. The Berlin Campus is being repositioned from a single-use property to a mixed-use, multi-let asset. The manager is in talks with two potential office tenants and aims to secure a long-term lease of at least 20 years without a break option from one of them by the first quarter of 2026. The manager's chief executive officer Peter Viens said that once a tenant is secured, the Reit plans to divest at least half the asset to fund the remaining capital expenditure without issuing new securities. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The planned divestment is also in line with IReit Global's strategy to reduce its exposure to the office sub-sector from more than 80 per cent currently to around 50 per cent of its portfolio. Viens noted that the office sub-sector in Europe has 'suffered' in performance since the Covid-19 pandemic. He added that the manager is exploring the sale of its remaining office assets in Germany, as well as some in Spain, as part of its rebalancing plans. At the same time, IReit Global will increase its exposure to the retail sub-sector, which Viens described as providing 'one of the best combinations of diversification and performance'. He noted that brick-and-mortar retail properties have remained resilient despite the growth of online shopping during the pandemic. On Thursday, IReit Global posted a 26 per cent fall year on year in distribution per unit (DPU) to 0.71 euro cent for the half-year of FY2025 ended June mainly due to the absence of rental income from the Berlin Campus under repositioning. Revenue decreased by 27.5 per cent to 26.6 million euros, and net property income slid 33.3 per cent to 18 million euros. IReit Global units were unchanged at S$0.295 on Friday.
Toronto Star
04-06-2025
- General
- Toronto Star
Viens, Ward lead Canada past Haiti 3-1 before rowdy crowd in women's soccer friendly
MONTREAL - Evelyne Viens scored twice in front of her home crowd on Tuesday night. Only it didn't quite feel like a home game for Canada. Viens had two first-half goals as Canada rolled to a two-game sweep over Haiti with a 3-1 win in a women's international soccer friendly. The vast majority of the 18,321 rowdy spectators on hand at Stade Saputo, however, supported the visiting side. 'It was between pleasant and strange,' said Viens, a 28-year-old from L'Ancienne-Lorette, Que. 'It was a good crowd, and we hoped we'd get a better fan base for us, but still a good atmosphere.' ARTICLE CONTINUES BELOW Fans from Montreal's large Haitian community decked the stands in the country's blue, red and white colours, chanted 'Haiti! Haiti!' and cheered loudly at every touch of the ball — even a routine clearance. When Haitian captain Melchie Dumornay scored on a penalty kick during first-half stoppage time, the building erupted. 'I thought it was brilliant in terms of the atmosphere, what the fans brought,' Canada coach Casey Stoney said. 'It was not in our favour, but at the same time, it just shows how beautifully diverse this country is.' The Haitian women's national team does not play games or practise in Haiti after security concerns forced the team to close its training centre years ago. Tuesday's match was a taste of what it would feel like. 'We knew that in Montreal, we'd be playing at home,' Haiti coach Malou Quignette said. 'It was 'magnifique.' We played with 13, I don't even know how many — 18,000.' One fan invaded the pitch in the 88th minute and briefly hugged Haiti's Roseline Eloissaint before security rushed in to escort him off the pitch. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW Many more jumped over the barrier around the field while players applauded the crowd after the match. One fan running proudly with a Haitian flag dodged a few security guards to the crowd's delight before getting tackled. 'I expected there to be a lot of people because I know there are a lot of Haitians in Montreal, who love football,' said Dumornay, a star for Lyon in France. As for what else happened in the game, Holly Ward tallied her first Canadian senior national team goal and added an assist. The 21-year-old Vancouver Rise FC forward made her second senior appearance. 'Oh my gosh. I have so many emotions,' she said. 'This is genuinely something I've dreamed of for my entire life.' Captain Jessie Fleming provided two first-half assists for Canada. Seventh-ranked Canada also beat No. 53 Haiti 4-1 on Saturday in a farewell game for veteran midfielder Desiree Scott in her hometown of Winnipeg. The Canadian women improved to 5-0-0 against Haiti with Tuesday's win. Seven minutes in on Tuesday, Canada's Olivia Smith needed to be carried off the field on a stretcher after a Haitian clearance hit her in the face at the edge of the 18-yard box. Stoney said Smith was being assessed for a concussion after the match. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW A number of fresh faces filled Stoney's starting 11. Defender Zara Chavoshi made her senior debut, while Ward and Emma Regan of AFC Toronto in the Northern Super League also featured in the young, experimental lineup. The Ward selection certainly paid off. She doubled the lead with a header on Fleming's cross in the 23rd minute, before setting up Viens for her second with a superb through ball to make it 3-0 just 42 minutes in. 'Really bright spark,' Stoney said of Ward. 'We've seen what she's been doing in the NSL, but to be able to step into this level against a physically strong Haitian team … I thought it was a real bright spark.' Canada fended off two Haitian chances in the first half. Louis Batcheba's shot from inside the box sailed over the bar in the 32nd minute and Gabrielle Carle slid to block a chance from Sherly Jeudy in the 40th. Fans finally jumped out of their seats when Dumornay converted her penalty low to the bottom right corner after Canadian defender Marie Levasseur fouled Kethna Louis. 'We were expecting it. It wasn't explicitly said, which I think it maybe should have,' defender Gabrielle Carle said of the atmosphere. 'I think some people weren't expecting this. Growing up in Quebec and Montreal, you know that there's a very proud Haitian population here. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW 'It was really cool to experience that.' Haiti controlled more of the play in the second half — giving the crowd more energy. 'When we started to keep the ball, the crowd was quiet, like we had to have more of the ball,' Stoney said. 'If we keep the ball, we keep control of the game, the crowd doesn't become a factor.' Dumornay had a chance to cut the lead to 3-2 with a shot from just outside the six-yard box in the 68th. She almost scored again when she pounced on a turnover in second-half stoppage time, but Canadian 'keeper Sabrina D'Angelo got her arm out for a miraculous save. Fans began chanting Dumornay's name in the dying seconds after the Haitian captain dazzled with multiple moves on a rush through the midfield. This report by The Canadian Press was first published June 3, 2025.
Hamilton Spectator
04-06-2025
- Entertainment
- Hamilton Spectator
Viens, Ward lead Canada past Haiti 3-1 before rowdy crowd in women's soccer friendly
MONTREAL - Evelyne Viens scored twice in the first half as Canada rolled to a two-game sweep over Haiti with a 3-1 win in a women's international soccer friendly Tuesday. Holly Ward tallied her first Canadian senior national team goal and added an assist. The 21-year-old Vancouver Rise FC forward made her second senior appearance. Captain Jesse Fleming also provided two first-half assists for Canada. Melchie Dumornay replied for Haiti before 18,321 rowdy spectators — the vast majority supporting the visiting side — at Stade Saputo. Fans from Montreal's large Haitian community decked the stands in the country's blue, red and white colours, chanted 'Haiti! Haiti!' and cheered loudly at every touch of the ball. Seventh-ranked Canada also beat No. 53 Haiti 4-1 on Saturday in a farewell game for veteran midfielder Desiree Scott in her hometown of Winnipeg. The Canadian women improved to 5-0-0 against Haiti with Tuesday's win. Head coach Casey Stoney, hired in January to replace Bev Priestman, returned to the sidelines after missing Saturday's match for family reasons. Seven minutes in on Tuesday, Canada's Olivia Smith needed to be carried off the field on a stretcher after a Haitian clearance hit her in the face at the edge of the 18-yard box. Medical staff quickly rushed onto the field, with Smith lying on the pitch for around six minutes before Adriana Leon subbed in. Viens opened the scoring in the 16th minute, heading home a high ball from Fleming. The 28-year-old Viens from L'Ancienne-Lorette, Que., provided two assists when Canada beat Mexico 2-0 in Montreal last June before the Paris Olympics. A number of fresh faces filled Stoney's starting 11. Defender Zara Chavoshi made her senior debut, while Ward and Emma Regan of AFC Toronto in the Northern Super League also featured in the young, experimental lineup. The Ward selection certainly paid off. Ward doubled the lead with another header off a Fleming cross in the 23rd minute, before setting up Viens for her second with a superb through ball to make it 3-0 just 42 minutes in. Canada fended off two Haitian chances in the first half. Louis Batcheba's shot from inside the box sailed over the bar in the 32nd minute and Gabrielle Carle slid to block a chance from Sherly Jeudy in the 40th. Fans finally erupted out of their seats when Dumornay converted a penalty kick low to the bottom corner in first-half stoppage time after Canadian defender Marie Levasseur fouled Kethna Louis. Haiti controlled more of the play in the second half. Dumornay had a chance to cut the lead to 3-2 with a shot from just outside the six-yard box in the 68th, but Canadian 'keeper Sabrina D'Angelo denied the opportunity. A fan invaded the pitch in the 88th minute and briefly hugged Haiti's Roseline Eloissaint before security rushed in to escort him off the field. Dumornay almost scored again when she pounced on a turnover in second-half stoppage time, but D'Angelo got her arm out for a miraculous save. Fans began chanting Dumornay's name in the dying seconds after the Haitian captain dazzled with multiple moves on a rush through the midfield. Next up, the Canadian women host Costa Rica in a friendly on June 27 at Toronto's BMO Field before visiting the United States on July 2 in Washington. This report by The Canadian Press was first published June 3, 2025.
Winnipeg Free Press
04-06-2025
- General
- Winnipeg Free Press
Viens, Ward lead Canada past Haiti 3-1 before rowdy crowd in women's soccer friendly
MONTREAL – Evelyne Viens scored twice in the first half as Canada rolled to a two-game sweep over Haiti with a 3-1 win in a women's international soccer friendly Tuesday. Holly Ward tallied her first Canadian senior national team goal and added an assist. The 21-year-old Vancouver Rise FC forward made her second senior appearance. Captain Jesse Fleming also provided two first-half assists for Canada. Melchie Dumornay replied for Haiti before 18,321 rowdy spectators — the vast majority supporting the visiting side — at Stade Saputo. Fans from Montreal's large Haitian community decked the stands in the country's blue, red and white colours, chanted 'Haiti! Haiti!' and cheered loudly at every touch of the ball. Seventh-ranked Canada also beat No. 53 Haiti 4-1 on Saturday in a farewell game for veteran midfielder Desiree Scott in her hometown of Winnipeg. The Canadian women improved to 5-0-0 against Haiti with Tuesday's win. Head coach Casey Stoney, hired in January to replace Bev Priestman, returned to the sidelines after missing Saturday's match for family reasons. Seven minutes in on Tuesday, Canada's Olivia Smith needed to be carried off the field on a stretcher after a Haitian clearance hit her in the face at the edge of the 18-yard box. Medical staff quickly rushed onto the field, with Smith lying on the pitch for around six minutes before Adriana Leon subbed in. Viens opened the scoring in the 16th minute, heading home a high ball from Fleming. The 28-year-old Viens from L'Ancienne-Lorette, Que., provided two assists when Canada beat Mexico 2-0 in Montreal last June before the Paris Olympics. A number of fresh faces filled Stoney's starting 11. Defender Zara Chavoshi made her senior debut, while Ward and Emma Regan of AFC Toronto in the Northern Super League also featured in the young, experimental lineup. The Ward selection certainly paid off. Ward doubled the lead with another header off a Fleming cross in the 23rd minute, before setting up Viens for her second with a superb through ball to make it 3-0 just 42 minutes in. Canada fended off two Haitian chances in the first half. Louis Batcheba's shot from inside the box sailed over the bar in the 32nd minute and Gabrielle Carle slid to block a chance from Sherly Jeudy in the 40th. Fans finally erupted out of their seats when Dumornay converted a penalty kick low to the bottom corner in first-half stoppage time after Canadian defender Marie Levasseur fouled Kethna Louis. Haiti controlled more of the play in the second half. Dumornay had a chance to cut the lead to 3-2 with a shot from just outside the six-yard box in the 68th, but Canadian 'keeper Sabrina D'Angelo denied the opportunity. Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. A fan invaded the pitch in the 88th minute and briefly hugged Haiti's Roseline Eloissaint before security rushed in to escort him off the field. Dumornay almost scored again when she pounced on a turnover in second-half stoppage time, but D'Angelo got her arm out for a miraculous save. Fans began chanting Dumornay's name in the dying seconds after the Haitian captain dazzled with multiple moves on a rush through the midfield. Next up, the Canadian women host Costa Rica in a friendly on June 27 at Toronto's BMO Field before visiting the United States on July 2 in Washington. This report by The Canadian Press was first published June 3, 2025.
Yahoo
28-05-2025
- General
- Yahoo
RI lawmakers consider legislation aimed at safer storage of firearms
PROVIDENCE, R.I. (WPRI) — A bill that would tighten penalties for gun owners who don't properly secure their weapons is moving through the Rhode Island legislature. During Tuesday night's House Judiciary Committee meeting, the bill was amended to be called 'Dillon's Law,' which is named after Dillon Viens, a Johnston teen who was killed three years ago. Dillon's Law is an effort to increase the length of time a person would serve for having an unsecured firearm from a misdemeanor with a non-mandatory one-year sentence, to a felony with five years in prison. Viens was 16 years old when he was shot and killed while hanging out with friends in a Cedar Street home in 2022. The incident resulted in the arrest of the homeowner, Marios Kirios, who was not home at the time. He was charged with improperly storing a firearm. Another 16-year-old was also charged with manslaughter. BACKGROUND: Johnston man charged in teen's shooting death faces judge Detectives searched Kirios' home and found five unsecured firearms inside, including the one used to shoot Viens. The bill was passed by the committee last year, but ultimately didn't make it through the Senate. It now heads to the full House for consideration. Download the and apps to get breaking news and weather alerts. Watch or with the new . Follow us on social media: Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
