The weighted average lease expiry across the Truganina portfolio was 6.6 years. Tenants include automotive lighting group Stedi, Goodride Tyres and building products supplier Stoddart Group.

The acquisition follows a flood of institutional capital from Singapore into Australian office, industrial and hotel assets over the past 12 months.

Last week, another real estate conglomerate, CapitaLand, acquired a major Melbourne office tower – 120 Spencer Street – for $320 million while in May Hong Kong-based investment manager Baring Private Equity Asia secured the Hilton Sydney for around $530 million, in the biggest single hotel deal in Australian history.

Also highly active has been Singapore’s sovereign wealth fund GIC, which in April acquired a half-share in listed Singaporean developer Wee Hur’s Australian student housing portfolio for $568 million.

Explaining the rationale for the acquisition, FLCT’s manager, Frasers Logistics & Commercial Asset Management, said that due to high demand for warehouse space in Melbourne’s west, the vacancy rate in the precinct had fallen below 1 per cent while rents were up 15 per cent in the past 12 months.

Despite this surge in rents, the REIT manager said that in comparison to the other eastern seaboard cities of Sydney and Brisbane, Melbourne’s west “continues to provide an attractive rental affordability proposition”.

Chief executive Robert Wallace said the Truganina properties’ smaller tenancy sizes provided an offering that targets a differentiated tenancy base, making them a “complementary fit” to FLCT’s existing industrial portfolio.

Being newly built, the properties require little near-term capital expenditure, the trust’s manager said, and have sustainability features including about 300 kilowatts of solar photovoltaic panels.

• After construction completion in October 2021, the plant underwent a thorough commissioning process and has successfully started production

• The offtake of the entire production has been contracted to global energy company Shell for several years

• The flagship plant will process approx. 250,000 tons of straw to produce approx. 50,000 tons of cellulosic ethanol per annum

• The production start at this first sunliquid^® cellulosic ethanol plant proves the commercial viability of Clariant’s innovative technology and with that supports the licensing business strategy

MUTTENZ, JUNE 14, 2022

Clariant, a focused, sustainable, and innovative specialty chemical company, today announced that it has produced the first commercial cellulosic ethanol at its sunliquid^® production plant in Podari, Romania¹. The entire offtake is contracted with a multi-year agreement to Shell, a leading global energy company. Over the last six months, the plant underwent a thorough commissioning process resulting in the successful start of production. Approximately 50,000 tons of second-generation biofuels will be derived from 250,000 tons of locally sourced agricultural residues. The cellulosic ethanol produced at this plant can be applied as a drop-in solution for fuel blending but also offers further downstream application opportunities for sustainable aviation fuel and bio-based chemicals.

“Protecting the climate is a central part of our purpose ‘Greater chemistry – between people and planet’,” said Conrad Keijzer, Chief Executive Officer at Clariant. “Biofuels and biochemicals made from agricultural waste play a crucial role, since they reduce greenhouse gas emissions. To establish their use more widely, their commercial production and availability must be increased rapidly, which is why the successful start of our sunliquid^® plant in Podari is so vital.”

Building a more sustainable future is at the core of what drives Clariant to develop innovative solutions. Christian Librera, Head of Business Line Biofuels & Derivatives added: “The advanced biofuel produced by the sunliquid^® technology process supports the decarbonization of the transport sector by providing up to 120 % CO₂ savings compared to fossil fuel. It is particularly encouraging to see that despite the global pandemic, we have successfully managed to start production in our flagship sunliquid^® cellulosic ethanol plant on schedule. This proves that Clariant’s technology is commercially deployable and accelerates our licensing business strategy. I would like to express my sincere thanks to all colleagues and partners involved.”

Story continues

Shell aims to be a material, profitable supplier of sustainable advanced low-carbon fuels as part of its wider work to become a net-zero emissions energy business by 2050.
“Low-carbon fuels are essential for helping our customers to decarbonize their businesses,” said Geoff Mansfield, General Manager for Low-Carbon Fuels at Shell Trading and Supply.

The plant in Podari, Romania, is built on a 10-hectare area and employs a workforce numbering approximately 100. Contracts have been signed with more than 300 local farmers to ensure the supply of the necessary feedstock.

Learn more about our sunliquid^® technology here.

¹The project receives funding from the European Union’s Seventh Framework Program for research, technological development and demonstration under Grant Agreement no. 322386 (SUNLIQUID) and from the Circular Bio-based Europe Joint Undertaking under the European Union’s Horizon 2020 research and innovation program under Grant Agreement no. 709606 (LIGNOFLAG).

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Looking at Terna Energy Societe Anonyme Commercial Technical Company’s (ATH:TENERGY ) insider transactions over the last year, we can see that insiders were net sellers. That is, there were more number of shares sold by insiders than there were purchased.

While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

Check out our latest analysis for Terna Energy Societe Anonyme Commercial Technical

Terna Energy Societe Anonyme Commercial Technical Insider Transactions Over The Last Year

In the last twelve months, the biggest single sale by an insider was when the Executive Chairman of the Board, Goergios Peristeris, sold €8.5m worth of shares at a price of €13.00 per share. That means that even when the share price was below the current price of €17.94, an insider wanted to cash in some shares. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. However, while insider selling is sometimes discouraging, it’s only a weak signal. We note that the biggest single sale was only 5.1% of Goergios Peristeris’s holding. The only individual insider seller over the last year was Goergios Peristeris.

You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).

Insider Ownership of Terna Energy Societe Anonyme Commercial Technical

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It’s great to see that Terna Energy Societe Anonyme Commercial Technical insiders own 17% of the company, worth about €342m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.

So What Does This Data Suggest About Terna Energy Societe Anonyme Commercial Technical Insiders?

The fact that there have been no Terna Energy Societe Anonyme Commercial Technical insider transactions recently certainly doesn’t bother us. It’s great to see high levels of insider ownership, but looking back over the last year, we don’t gain confidence from the Terna Energy Societe Anonyme Commercial Technical insiders selling. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. For example, Terna Energy Societe Anonyme Commercial Technical has 2 warning signs (and 1 which makes us a bit uncomfortable) we think you should know about.

If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

The Villages at Town Creek, a 61-unit, 244-bed townhome community in Pendleton has been sold by Georgia-based QR Capital to an undisclosed buyer, according to an announcement from CBRE.

Jaclyn Fitts, William Vonderfecht and Casey Schaefer with CBRE’s national student housing team and David Lansbury and Erika Maston with CBRE’s Southeast multifamily investment sales team arranged the transaction on behalf of the seller.

“The Villages at Town Creek offered an attractive going-in yield for investors at one of the nation’s strongest Power 5 student housing markets,” Schaefer said in the news release. “Exhibiting a long history of stable performance, the property also provided a fully entitled development opportunity for additional units. The units are some of the largest and most unique townhome floorplans in the market, differentiating the asset from its competitive set. We were thrilled to help QR complete a successful round trip.”

Built in 2010, the property is on a bus route serving Clemson University, and has averaged 97% occupancy since 2013. The Villages at Town Creek has a unit mix comprised of three-, four- and five-bedroom townhome units.

The following commercial real estate transactions were recently completed in the Upstate. For weekly updates on commercial deals, see the Hot Properties feature every Tuesday in the GSA Business Report Daily email.

Reeves Willis of Avison Young commercial real estate represented KMRT Investments LLC in the leasing of 16,000 square feet of industrial building located at 609 S. Washington Ave. in Greenville to RAS Logistics LLC.

Harry Croxton of Coldwell Banker Commercial Caine represented Five Forks Animal Hospital LLC in leasing 5,900 square feet of medical office building at 221 Batesville Road in Simpsonville, from Piedmont Ventures LLC.

Nicholas Sardone of Coldwell Banker Commercial Caine represented Halter Properties LP, the landlord, in lease renewal negotiations with Bay Laurel Center for Psychotherapy for a 2,920-square-foot office building at 110 Manly St. in Greenville.

Pete Brett and T Cox of Coldwell Banker Commercial Caine represented Bright Investments II LLC, the landlord, in lease renewal negotiations with CDI Investments LLC for a 2,700-square-foot retail space at Garlington Station, Suites H & I, 700 Garlington Road in Greenville.

T Cox of Coldwell Banker Commercial Caine represented tenant Carriage House Realty by Nick LLC in the leasing of a 432-square-foot retail space at 100 E. Washington St., Suite A, Greenville, from Jonathan A. Good LLC.

Taylor Allen, Brantley Anderson and Bailey Tollison of Colliers represented Somera Road Inc. in the sale of a 73,976-square-foot Greenville office building at 400 Brookfield Parkway to Greenville Classical Academy.

Richard Barrett of Colliers represented Peter Weisman/Kinney Hill Associates in the lease of 15,200 square feet of industrial space at 100 Corporate Center Drive in Spartanburg to Airline Hydraulics Corp.

Frank Hammond of Colliers represented MTC Federal Credit Union in leasing 9,000 square feet of office space at 201 Brookfield Parkway in Greenville.

Keith Jones and McNeil Epps of NAI Earle Furman represented the landlord, The F General Synod of the ARP Church, in leasing a 2,049-square-foot office space located at 918 S. Pleasantburg Drive in Greenville to Palomar Insurance Corp.

Shannon Caldwell of NAI Earle Furman represented the landlord, Karin Purvis, in leasing a 3,645-square-foot retail property at 1322 E. Washington St., Building A, in Greenville to Browning Studios LLC.

Shannon Caldwell of NAI Earle Furman represented the tenant, JJ&R Rentals LLC, in leasing a 1,062-square-foot retail space at 629 Augusta St. in Greenville from Rallis Holdings LLC.

Hunter Garrett and John Staunton of NAI Earle Furman represented the landlord, Martinez Garrett Nalley LLC in leasing a 78,500-square-foot industrial space at 15 Shelter Drive in Greer to Total Distribution Inc.

Brian Hammond of NAI Earle Furman represented the landlord, Walter Oates Jr., in leasing a 6,000-square-foot industrial space at 402 Mt. Pleasant Road in Spartanburg to Carelinc Medical Equipment and Supply.

Geoff Beans of NAI Earle Furman represented the landlord, Sun Management Corp, in leasing a 1,400-square-foot retail space at 1120 N. Pleasantburg Dr., Suite 306, in Greenville, to tenant Anytime Labor.

John Powell of NAI Earle Furman represented the landlord, EC Investors LLC, in leasing a 1,065-square-foot office space at 1704 E. Greenville St., Suite 2A, Anderson to Debrica Webster Realty.

Alex Campbell of NAI Earle Furman represented the landlord, Greenville Business Center LLC, in leasing a 7,200-square-foot industrial space at 150 W. Phillips Road, Suite L, Greer, to Ceres Transportation Group Inc.

Ellice Niedrach of NAI Earle Furman represented the tenant, S&A Discount Grocery Duncan LLC, in leasing a 2,200-square-foot retail space located at 700 E. Main St., Suite 6B, Duncan, from Byrnes Storage LLC.

David Sigmon and Matt Vanvick of Pintail Capital Partners represented the landlord, AML LLC in the lease of an 806-square-foot retail space at 1622 E. North St. in Greenville to tenant LolanLulu Inc.

Jeff Day and Lakin Parr of Pintail Capital Partners represented the buyer, NSC Holdings LLC in the purchase of 175 Brookshire Road, a 10,000-square-foot flex investment building in Greer, from seller ABA Equipment LLC.

Send your commercial real estate transactions to rnorton@scbiznews.com.