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Rent2Cash Closes on $3.25 Million Pre-Seed Round

Rent2Cash Closes on $3.25 Million Pre-Seed Round

by Phil Hall | Jul 26, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Rent2Cash, an Italian start-up that offers up to three years in “rental advance” services to landlords, announced its closing on a €3 million (roughly $3.25 million) pre-seed round and the launch of its operations in Italy. Rent2Cash offers upfront payouts of up to...
New Initiative Launched to Accelerate Canadian Home Construction

New Initiative Launched to Accelerate Canadian Home Construction

by Phil Hall | Jul 25, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Canada Mortgage and Housing Corporation (CMHC) has announced its new Frequent Builder framework to speed the creation of affordable and rental homes by expediting the application process for housing providers. The new framework will target experienced housing...
Bank of Canada Cuts Rates for Second Straight Month

Bank of Canada Cuts Rates for Second Straight Month

by Phil Hall | Jul 24, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The Bank of Canada cut its key policy rate for the second consecutive month, slicing away 25 basis points to achieve a 4.5% level. In announcing the rate cut, the central bank predicted Canadian GDP growth to increase in the second half of 2024 and into 2025, adding...
Investment Firm Stonepeak Acquires New Zealand Retirement Village Operator

Investment Firm Stonepeak Acquires New Zealand Retirement Village Operator

by Phil Hall | Jul 22, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Stonepeak, a New York City-based alternative investment firm specializing in infrastructure and real assets, is acquiring Arvida Group Limited, one of New Zealand’s largest retirement and aged care providers, in an all-cash transaction valued at approximately $1.25...
13th Century English Abbey Listed at $4.5 Million

13th Century English Abbey Listed at $4.5 Million

by Phil Hall | Jul 22, 2024 | International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A 13th century abbey created by the brother of an English king has been listed for sale at $4.5 million. Burnham Abbey in Taplow, Buckinghamshire, was founded in 1266 as a convent for Augustinian canonesses by Richard, Earl of Cornwall, the brother of King Henry III....
RBC Retrofits Canadian Branch Network to Reduce Carbon Emissions

RBC Retrofits Canadian Branch Network to Reduce Carbon Emissions

by Phil Hall | Jul 19, 2024 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Royal Bank of Canada (RBC) (NYSE:RY) has launched a multi-million-dollar plan to retrofit its Canadian network of 1,200 branches, with the goal of eliminating 10,000 tons of onsite carbon emissions from its operational footprint. In the first phase of this endeavor,...
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