Day: September 15, 2022

Loan Facilitates Acquisition of Last Remaining Development Site on Exclusive Island

NEW YORK, Sept. 15, 2022 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that it has provided an $85 million loan to The Related Group (“Related”), BH Group, Teddy Sagi’s Globe Invest, and Wanxiang Group Corporation for the acquisition and pre-development of a 6.51-acre land parcel with approved plans for the development of a luxury condominium project on Fisher Island in Miami Beach, Florida.

The parcel is located at 6 Fisher Island Drive at the last remaining condo development site on the 216-acre private island, which is accessible only by ferry, boat, or helicopter and offers significant privacy for its 800 residents. The condominiums will rise ten stories and consist of 51 units across a mix of three- to five-bedroom residences, three villas and two penthouses with premium finishes and appliances. The property will include 450 feet of private oceanfront and valet parking for 169 spaces as well as 7 private two-car garages and 93 golf cart spaces. Residents will have access to premier amenities as well as membership to the Fisher Island Club, which offers beaches, seaside golfing, tennis courts and restaurants.

Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital, said, “Fisher Island is one of the most exclusive residential locations in the country. Owing to the scarcity of land, limited supply of new residences, and significant development timeline, property values on Fisher Island have performed through market cycles. We are pleased to provide financing for the acquisition and predevelopment of such a rare development site and to complete our second transaction with Related and BH Group in such a short period of time.”

The loan is Madison Realty Capital’s second to Related and BH Group. In July, it provided the partners with a $76 million loan for the development of District 225, a 343-unit luxury condominium in Downtown Miami.

About Madison Realty Capital 

Madison Realty Capital is a vertically integrated real estate private equity firm that, as of August 31, 2022, manages approximately $9.5 billion in total assets on behalf of a global institutional investor base. Since 2004, Madison Realty Capital has completed approximately $21 billion in transactions providing borrowers with flexible and highly customized financing solutions, strong underwriting capabilities, and certainty of execution. Headquartered in New York City, with an office in Los Angeles, the firm has approximately 70 employees across all real estate investment, development, and property management disciplines. Madison Realty Capital has been frequently named to the Commercial Observer’s prestigious “Power 100” list of New York City real estate players and is consistently cited as a top construction lender, among other industry recognitions. To learn more, follow us on LinkedIn and visit www.madisonrealtycapital.com.

Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
madisonrealty@gasthalter.com

Swedish electric airplane maker Heart Aerospace today unveiled significant design updates to its first electric aircraft and confirmed Air Canada, one of North America’s largest airlines and Saab, the Swedish aerospace and defense- company, as new minority shareholders.

Gothenburg, Sweden, Sept. 15, 2022 (GLOBE NEWSWIRE) — Swedish electric airplane maker Heart Aerospace today unveiled significant design updates to its first electric aircraft and confirmed Air Canada, one of North America’s largest airlines and Saab, the Swedish aerospace and defense- company, as new minority shareholders.

The new airplane design, called the ES-30, is a regional electric airplane with a capacity of 30 passengers and it replaces the company’s earlier 19-seat design, the ES-19. It is driven by electric motors powered by batteries, which allows the airplane to operate with zero emissions and low noise.

Air Canada and Saab have each invested USD 5 million in Heart Aerospace. In addition to its investment, Air Canada has also placed a purchase order for 30 ES-30 aircraft.

“We are thrilled to have two such strong partners as Saab and Air Canada join our mission to electrify regional air travel. Growing up in Sweden, Saab is synonymous with aerospace, and our partnership will not only support our programme, but help us to become a part of the proud Swedish aerospace heritage,” said Anders Forslund, founder and CEO of Heart Aerospace. “Air Canada is a strategically important partner with one of the world’s largest networks operated by regional turboprops, and as a progressive, future leaning company.”

“Air Canada is very pleased to partner with Heart Aerospace on the development of this revolutionary aircraft. We have been working hard with much success to reduce our footprint, but we know that meeting our net-zero emissions goals will require new technology such as the ES-30. We have every confidence that the team at Heart Aerospace has the expertise to deliver on the ES-30’s promise of a cleaner and greener aviation future,” said Michael Rousseau, President and Chief Executive of Air Canada.

The ES-30 has a comfortable three-abreast flat-floor cabin seating, and it features a galley and a lavatory. Cabin stowage and overhead bins will add to the large external baggage and cargo compartment and provide airlines with network flexibility.

The airplane will also include a reserve-hybrid configuration, consisting of two turbo generators powered by sustainable aviation fuel. The reserve-hybrid system is installed to secure reserve energy requirements without cannibalizing battery range, and it can also be used during cruise on longer flights to complement the electrical power provided by the batteries.

This gives the airplane a fully electric range of 200 kilometers, an extended range of 400 kilometers with 30 passengers, and flexibility to fly up to 800 kilometers with 25 passengers, all-inclusive of typical airline reserves.

“The ES-30 is an electric airplane that the industry can use. We have designed a cost-efficient airplane that allows airlines to deliver good service on a wide range of routes,” said Anders Forslund, founder and CEO of Heart Aerospace. “With the ES-30 we can start cutting emissions from air travel well before the end of this decade and the response from the market has been fantastic.”

“This underlines our commitment to innovative technology and solutions for sustainable aviation. Heart is a pioneer within commercial electric aviation and we look forward to contributing to the future of aviation with our experience of developing solutions at the forefront of technology,” says Micael Johansson, Saab’s President and CEO.

Previous orders for Heart Aerospace’s ES-19 electric airplane, placed by United Airlines and Mesa Air Group for a total of 200 electric aircraft with an option for an additional 100 planes, are reconfirmed for the updated ES-30 design.

“From the beginning Heart and United have been on the same page – with an acute focus on safety, reliability, and sustainability. Heart’s exciting new design – which includes expanded passenger capacity from 19 to 30 seats, and a state-of-the-art reserve-hybrid engine – is the type of revolutionary thinking that will bring true innovation to aviation,” said Scott Kirby, CEO of United Airlines.

In addition to those commitments, many of the ES-19 letters of intent (LOI) holders have already updated their respective letters to reflect the ES-30. These include the Nordic airlines Braathens Regional Airlines (BRA), Icelandair and SAS as well as New Zealand’s Sounds Air. Rockton, a Swedish-based lessor who has made it their mission to focus on sustainable solutions for the industry, has just signed an LOI with for up to 40 airplanes.

In total, Heart Aerospace has LOIs for 96 ES-30s.

The ES-30 is a cost efficient airplane that, on top of significant fuel savings, is cheaper to operate than a larger turboprop due to its electric propulsion. The airplane has also been designed to accommodate battery technology evolution, which will increase its fully electric range and make it even more cost efficient over time.

The ES-30 is expected to enter into service in 2028.

The Swedish electric airplane maker will establish the world’s first commercial electric aircraft industry at Säve airport, in Gothenburg, Sweden.

Heart Aerospace will build sustainable state-of-the-art offices, production, and flight test facilities which, together, will form a new campus that will go by the name the Northern Runway.

“We have a plan and it’s not just to build a new electric airplane, but a whole new industry,” said Anders Forslund, founder and CEO of Heart Aerospace. “Sweden is the origin of flight shame, an anti-flying movement, but with the Northern Runway we will make electric air travel a reality and preserve flying for future generations.”

Heart Aerospace’s Northern Runway campus will form part of the Castellum owned development area Gateway Säve, where a unique site for sustainable logistics and electric mobility is being developed.

“Gothenburg has distinguished itself as a driving force within electrification, with world class research facilities like the Swedish electric transport laboratory, SEEL, Chalmers University of Technology and a large cluster of companies focused on battery and electric vehicle development,” said Sofia Graflund, chief operating officer at Heart Aerospace. “The ambition that Castellum and the City of Gothenburg have for Gateway Säve is truly unique and that is why we have decided to establish our new industry here.”

Heart Aerospace currently employs 130 people, but the company is growing rapidly and expects to employ around 500 people by 2025.

” We are extremely proud that Heart Aerospace has chosen Gothenburg for this step in their expansion, which we will give full support. The establishment will generate an additional 500 Swedish jobs by 2025 and even more when series production begins,” said Patrik Andersson, CEO of Business Region Göteborg.

The long-term recruitment base in Gothenburg is strong due to its proximity to Chalmers University of Technology, ranked among the top 100 in the world in terms of graduate employability.

A first phase in the establishment of Heart Aerospace’s Northern Runway is scheduled to be finalized by mid-2024, with test flights scheduled to start in 2026. Heart Aerospace expects to deliver its first ES-30 aircraft in 2028.

Note to editors:

More information on “Gateway Säve” can be found on www.gatewaysave.com.

Christina Zander
Heart Aerospace
+46 728889610
press@heartaerospace.com

LAGOS, Nigeria, Sept. 15, 2022 (GLOBE NEWSWIRE) — An innovative teaching methodology delivering “learning gains among the largest ever measured” is being taken-up by more and more African and Indian governments – ahead of the global education summit to tackle what’s being called the greatest learning crisis for 100 years.

Rwanda’s Government is the latest to launch a national education transformation program – RwandaEQUIP – with the aim of making the country’s entire basic education system globally competitive.

Global leaders are gathering in New York for the UN Transforming Education Summit – convened in response to the crisis in global education. A ‘Solutions Day’ will focus on the few replicable programs – like RwandaEQUIP – already delivering transformation at scale.

“Educational transformation is a core priority for the Government of Rwanda and bold investments have been made to this effect,” said Gaspard Twagirayezu, Minister of State in Charge of Primary and Secondary Education.

RwandaEQUIP is supported by NewGlobe’s innovative methodology, confirmed in a landmark study to deliver learning gains easily in the top 1% of those ever rigorously studied at scale in emerging markets.

The study, led by Professor Michael Kremer, 2019 Nobel Prize winner, suggests children living in underserved communities receive over 53% more learning in NewGlobe supported schools compared to students in other schools.

The results are an affirmation of NewGlobe’s integrated learning system, used by the Government of Rwanda and others across Africa and India to support a million students today and growing year-on-year.

The study is based on a randomized control trial of more than 10,000 students from low socioeconomic backgrounds in Kenya.

• After two years, primary students taught using NewGlobe’s methods are nearly a whole additional year of learning ahead of students in other schools.
• For pre-primary students, two years’ teaching using NewGlobe’s methods puts them a year-and-a-half of additional learning ahead of other students.

Infographic

NewGlobe’s Africa Director Clement Uwajenza said: “Despite enormous global investment, the 2030 SDG4 education targets will be missed, failing another generation of children. Now, is the time to identify and scale effective local solutions already being implemented by governments in the Global South. We all know the scale of the crisis, now we need practical action to solve it. The international community must unite and commit to implementing solutions already proven to work if we’re to have any prospect of delivering on the promise of quality education for all. We must all hope that this Summit seizes the chance for change.”

The groundbreaking education study also finds children taught using New Globe’s methods are three times more likely to be able to read at age seven. The World Bank estimates 90% of 10 year olds in Africa can’t read a single sentence.

World Bank Education Director Jaime Saavedra says the level of learning poverty in low and middle income countries is “the most serious education crisis of the last 100 years.”

The latest UNESCO estimates suggest that SDG4 – the target to ensure quality education for all by 2030 – will be missed, with 300 million children still not reaching basic standards in literacy and numeracy.

More details: marek.pruszewicz@newglobe.education

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/c9d01433-18ba-4690-b2ae-cd561c3b4f10

https://www.globenewswire.com/NewsRoom/AttachmentNg/2210e4a1-6f26-4353-878a-a68ec7d2ed81

Une enquête révèle que les diplômés de MBA à temps plein en Amérique du Nord bénéficient le plus de la hausse de salaire, alors que les diplômés d’Asie-Pacifique enregistrent la plus forte augmentation de la valeur globale des diplômes

RESTON, Virginie, 14 sept. 2022 (GLOBE NEWSWIRE) — Malgré la crainte du marché d’une récession imminente, 86 % des diplômés d’écoles de commerce de 2022 étaient employés au moment de l’obtention de leur diplôme, soit une hausse de 80 % par rapport à 2021, selon un rapport d’enquête publié aujourd’hui par le Graduate Management Admission Council (GMAC). Les résultats régionaux des diplômés qui ont étudié dans la région Asie-Pacifique et en Europe contribuent à ces tendances favorables. Parmi les diplômés des écoles de commerce d’Asie-Pacifique, 91 % déclarent qu’ils étaient employés au moment de l’obtention de leur diplôme cette année, contre 78 % en 2021. De même, parmi les diplômés européens, 90 % indiquent qu’ils étaient employés cette année, comparativement à 75 % l’année dernière.

L’enquête annuelle Enrolled Students Survey du GMAC, une association mondiale d’écoles supérieures de commerce de premier plan, vise à mieux comprendre les tendances actuelles des évaluations des élèves et des récents diplômés ainsi que les résultats de leur études supérieures en management (GME). Menée en mai et juin 2022, l’enquête de cette année explore le point de vue de 1 718 répondants de près de 300 écoles de commerce dans 57 pays sur leur expérience globale en matière de GME, leur recherche d’emploi et leur rémunération dans le contexte de la pandémie de COVID-19.

À l’échelle mondiale, les diplômés des écoles participantes ont signalé une augmentation moyenne de 29 % de la rémunération totale, y compris le salaire de base et toutes les autres rémunérations. Notamment, parmi les diplômés d’écoles nord-américaines, ceux qui ont suivi des programmes de MBA à temps plein ont signalé une rémunération totale moyenne pré-GME de 80 000 dollars, et une rémunération totale moyenne post-GME de 120 000 dollars, soit une augmentation impressionnante de 50 %.

« Avec les conditions économiques volatiles et les défis organisationnels induits par la pandémie, les dirigeants et les gestionnaires d’entreprise accomplis et bien préparés sont particulièrement demandés sur le marché de l’emploi actuel », a déclaré Matt Hazenbush, directeur de l’analyse de la recherche et des communications du GMAC et auteur du rapport. « Comme le suggèrent les résultats de l’enquête, l’enseignement supérieur en management donne aux étudiants une longueur d’avance puissante pour leur carrière. »

Autres principales conclusions

La plupart des étudiants qui s’apprêtent à changer de carrière ou à obtenir une promotion connaissent le succès

En phase avec la Grande Démission, les principaux objectifs et motivations des étudiants en 2022 étaient d’enrichir leur vie et de changer de carrière. Parmi les répondants de 2022, une majorité qui s’est engagée à changer de carrière ou à être promue indique avoir réussi à atteindre cet objectif. Plus précisément, parmi ceux qui disent que changer de carrière était l’une de leurs trois principales motivations pour poursuivre le GME, 57 % ont déclaré avoir réussi. Les taux de réussite des diplômés des écoles d’Amérique latine, du Moyen-Orient et d’Afrique (66 %) et d’Amérique du Nord (61 %) ont été légèrement plus élevés, mais pas de manière significative, que ceux d’Asie-Pacifique (54 %) ou d’Europe (55 %), mais dans les régions du monde entier, la majorité d’entre eux ont réussi à changer de carrière. De même, 56 % des diplômés qui avaient pour objectif d’obtenir une promotion ont été couronnés de succès.

L’utilisation des réseaux sociaux dans la recherche d’emploi augmente par rapport à l’année dernière

L’utilisation des réseaux sociaux dans la recherche d’emploi, y compris des sites tels que LinkedIn, a considérablement augmenté d’année en année, passant de 27 à 37 %, dépassant le réseautage avec des camarades de classe et anciens élèves (28 %) ainsi qu’avec des amis et des proches (35 %). L’augmentation de l’utilisation des réseaux sociaux comme méthode de recherche d’emploi a été significative parmi les titulaires de MBA professionnels (de 24 % en 2021 à 31 % en 2022) et les étudiants en master de commerce (de 23 % en 2021 à 40 % en 2022). Par région, l’utilisation des réseaux sociaux a considérablement augmenté parmi ceux qui ont étudié en Asie-Pacifique, en Europe et en Amérique latine, au Moyen-Orient et en Afrique, mais pas en Amérique du Nord.

Les élèves des écoles de l’Asie-Pacifique ont enregistré une augmentation significative de la valeur globale de leur diplôme en 2022 par rapport à 2021

Quatre-vingt-cinq pour cent des répondants ont évalué la valeur globale de leur diplôme comme étant bonne à remarquable, soit une légère hausse par rapport aux 82 % de 2021. Par région, les élèves qui ont étudié dans des écoles d’Asie-Pacifique ont enregistré la plus forte augmentation en glissement annuel des notes favorables pour la valeur globale de leur diplôme, passant de 75 % en 2021 à 86 % en 2022. Bien que les étudiants de MBA et de masters de commerce à temps plein en Asie-Pacifique aient enregistré des hausses d’année en année, cette augmentation a été significative chez les étudiants de MBA à temps plein, passant de 66 % à 84 %. À l’échelle mondiale, les élèves qui fréquentaient des écoles classées ont signalé des niveaux de prédilection similaires à la valeur globale de leur diplôme par rapport aux élèves qui fréquentaient des écoles non classées (85 %, respectivement).

Alors que les restrictions liées à la pandémie augmentaient, la satisfaction des élèves vis-à-vis de leur carrière et des services aux étudiants s’améliorait

Quatre-vingt-quatre pour cent des répondants en 2022 ont donné un avis favorable aux services de carrière, contre 74 % en 2021. Les opinions favorables sur les services aux étudiants ont également augmenté, passant de 80 % en 2021 à 85 % en 2022. L’amélioration de la favorabilité dans les services aux étudiants et aux carrières a été cohérente pour tous les étudiants de MBA à temps plein, de masters de commerce et de programmes de MBA professionnels, ainsi que pour les élèves qui ont étudié en Asie-Pacifique, en Europe, en Amérique latine, au Moyen-Orient, en Afrique et en Amérique du Nord.

À propos du GMAC

Le Graduate Management Admission Council (GMAC) est une association de prestigieuses écoles supérieures de commerce du monde entier, au service d’une mission. Le GMAC fournit au secteur de l’enseignement supérieur en management des recherches, conférences sectorielles, outils de recrutement et évaluations de classe mondiale, ainsi que des outils, ressources, événements et services qui guident les candidats pendant leur parcours dans l’enseignement supérieur. Propriété du GMAC, qui assure sa gestion, l’examen du Graduate Management Admission Test (GMAT) est l’évaluation pour école de commerce la plus largement utilisée.

Plus de 12 millions d’étudiants potentiels par an font confiance aux sites Web du GMAC, y comprismba.com, pour en savoir plus sur les programmes de MBA et de masters de commerce, contacter les écoles du monde entier, se préparer et s’inscrire aux examens, et obtenir des conseils sur les procédures d’admission aux programmes de MBA et de masters de commerce. BusinessBecause et The MBA Tour sont des filiales du GMAC, une organisation internationale avec des bureaux en Chine, en Inde, à Singapour, au Royaume-Uni et aux États-Unis.

Pour en savoir plus sur notre travail, rendez-vous sur www.gmac.com

Contact auprès des médias :

Teresa Hsu
Responsable principale des relations avec les médias
202-390-4180 (mobile)
thsu@gmac.com