PS&S has expanded into North Carolina by acquiring Raleigh-based civil engineering firm Priest Craven & Associates. The deal establishes a regional hub in the Research Triangle, combining PS&S’s 64-year history with four decades of local expertise. This strategic move allows the firm to offer its specialised environmental and life sciences services to the growing residential and commercial sectors across the Raleigh-Durham market.
Northwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) has announced a deal to internalise the management rights of Vital Healthcare Property Trust (‘Vital’). The conditional agreement is valued at NZ$214 million (approximately $170 million), which Northwest will receive in cash. The transaction aligns with Northwest's strategy to simplify its business and reallocate capital back to North America. Vital will fund the purchase through a capital raise launched concurrently with the announcement.
The Energy & Environment Alliance has launched a global consultation to develop the first sector-wide sustainability accounting standards for hotels and lodging. Backed by members representing over 50,000 hotels and £360bn in capital, the initiative aims to produce audit-grade disclosure rules aligned with IFRS S1 and S2, shaping how hospitality assets are financed, insured and valued.
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