Posts Tagged ‘Building’

SNL Financial Ranks the 10 Largest Banks and Building Societies in the UK

Largest banks and building societies in the UK

London, UK (PRWEB) May 28, 2015

SNL Financial has released a new report exploring the state of the U.K’s banking system. Using the latest financial data, the report contains a ranking of the U.K’s 10 largest banks and building societies, an economic and industry overview, risk profile of the sector, branch network information, profiles of the major banks, M&A, regulation and a summary of common stock offerings.


Among the top four U.K. banks, HSBC’s 7.46% ROAE, 1.83% net interest margin and 64.16% cost-to-income ratio put it in the leading position in 2014.
Among the big four, Lloyds Banking Group had the lowest gross impaired loans ratio at 2.93% in 2014 while its Core Tier 1 ratio of 12.80% was the strongest.
At the other end of the spectrum, Royal Bank of Scotland Group had the highest proportion of gross impaired loans at 8.04% and was the only bank among the four to report a loss for 2014. The company also reported the worst net interest margin and cost-to-income ratio at 0.94% and 88.03%, respectively.
The U.K. banking sector held £7.927 trillion of assets as of June 30, 2014, down 14.7% since June 30, 2010.
U.K. banks have far fewer branches than their peers in other parts of Europe. In 2012, the U.K. had 1.8 branches per 10,000 residents, compared to between 4.5 and 7.2 branches per 10,000 residents in Spain, France, Germany and Italy in 2013.
From Jan. 1, 2013, to March 18, 2015, U.K.-based banks have completed 22 common stock offerings worth more than £13 billion, according to SNL data.

Notes: SNL Financial is publishing a number of similar analyses for other key economies across the globe. To request data on other regions, please email pressrequests(at)snl(dot)com. Please do not reproduce this report in its entirety.

About SNL Financial

SNL Financial is a leading provider of financial information on more than 6,500 public companies and 50,000 private companies in business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate, Energy, Metals & Mining, and Media & Communications. The SNL information service integrates breaking news, comprehensive data and expert analysis into an electronic database available online and updated around the clock.

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Investors Select Allegiancy to Protect Well-Performing Clearwater, Fla., Office Building

Allegiancy is a Richmond-based real estate asset manager specialized in office buildings.

Richmond, VA (PRWEB) August 29, 2014

New investors in an 83,000-square-foot, $ 13.75 million office building on Park Place Boulevard in Clearwater, Fla., have selected Allegiancy to protect their asset.

Allegiancy, a Richmond, Va.-based real estate asset manager, is known for its ability to turn around office complexes on the verge of financial ruin.

“But we have proven that we are the asset manager to trust to safeguard a solid investment,” said Allegiancy CEO Steve Sadler.

Since taking over management of the property in December 2013, Allegiancy has executed on the property’s business plan and expects cash flows to remain strong.

“There’s no doubt about it: it’s challenging to walk into a commercial office building that’s struggling to find tenants because the building is falling apart, and the owners have no money to fix it. All the while, the bank is knocking on the door with a matured loan,” Sadler said.

“But when you start managing a property like 380 Park that’s already performing well, you get to think bigger. You can look for upside and think in a different way. You work smart to make things run more efficiently and build more value. That’s something we do very well at Allegiancy.”

The Clearwater property is a Class A office space developed in 2001 by Highwoods Properties, a public REIT. It has has been institutionally owned and managed. Located on nearly seven acres in the desirable area of Clearwater, the property is 98 percent leased to seven tenants. It’s centrally located in the Bayside submarket, an area rich with amenities including retail, restaurants and various services.

Clearwater is the 11th largest city in Florida and is part of the Tampa Metropolitan Statistical Area. Tampa boasts a population of nearly three million, making it the largest in Florida.

The new investors in the property selected Allegiancy in late 2013, shortly after a $ 5.65 million capital equity raise.

“We deliver asset management services to a large portfolio of stable assets, but many times we had to bring them back from the brink first – that is probably what we are best known for,” said Allegiancy’s chief operating officer Dan Simons. “380 Park is definitely the type of asset that we want and are proud to have in our portfolio. It not only provides stability to our portfolio and to our investors, but also allows us to showcase how our technology and operating systems bring efficiency, improved cash flow and value to a property.”

Without the need to focus on emergency efforts to turn around a property, at Park Place, Allegiancy immediately focused on the finer points of execution and “those things that we have always been good at,” Sadler said. “Many owners think that if there are no fires, then everything must be operating well at their buildings. In truth, we have never found a property where the effectiveness of the Allegiancy platform failed to add significant value to the asset.”

Why Allegiancy?

Much like a money manager, Allegiancy is a fee-based asset manager. Allegiancy creates the strategy and execution plan to maximize the value of commercial real estate investments.

“A commercial office building is a stand-alone small business. Yet in most cases, they do not have any leadership,” Sadler said. “No CEO. No president. No one onsite whose equity is at risk. Just a property manager making sure the place does not fall apart.”

As a result, a lot of commercial real estate assets underperform year after year.

“Not because they’re not good real estate, not because someone paid too much, not because the economy is weak,” Sadler said. “They’re struggling because nobody is running the business. That’s our job, to step in and provide that kind of strategic direction and tactical oversight.”

The effective, efficient tactical oversight Allegiancy provides properties is in part thanks to the strategic technology and analytics investments it has made. For example, closely monitoring spikes in electricity output using the latest tools helps Allegiancy identify potential maintenance issues before they become large capital problems.

Allegiancy has recently won new asset management contracts in Georgia, North Carolina, Virginia and Ohio and continues to successfully manage a portfolio of top-performing properties.

# # #

About Allegiancy

Allegiancy is changing the business of asset management for commercial real estate owners and investors. With an advanced technology platform and singular focus on serving as the owners’ advocate, the company brings fresh vigor to an often poorly understood business. Combining its proactive Value Assurance? operational rigor with an intense focus on cash flow and profitability, Allegiancy is expanding on a track record of more than four decades of success.

Headquartered in Richmond, Va., and led by a team of seasoned professionals and more than 100 years of experience, Allegiancy manages properties that have outperformed their peers by 45% since 2006. The company has more than $ 300 million in assets under management (AUM) and delivers clients attractive returns and profitable, hassle-free investments in commercial real estate.

More information about Allegiancy may be found at

To schedule an interview with Allegiancy’s leadership, contact Audrey Bevel at audrey(at)allegiancy(dot)us or 866.842.7545 ext. 204.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Allegiancy, LLC’s (the “Company”) present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the offering circular dated January 14, 2014 and filed by the Company with the U.S. Securities and Exchange Commission on January 15, 2014. The offering circular, and any supplements or updates thereto, is available on the EDGAR system located on

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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Philadelphia HVAC Firm Burns Mechanical Launches Building Performance Services Advanced Suite of Operating Intelligence That Adds Verifiable ROI to Maintenance Contracts

An energy savings tracker and other valuable data are part of Burns’ suite of Building Performance Services.

Horsham, PA (PRWEB) July 08, 2014

Philadelphia-area HVAC construction, service, and energy services firm Burns Mechanical is pleased to announce the launch of a new suite of consulting services for its commercial clients called Building Performance Services. The energy benchmarking, operations cost saving, energy monitoring services and full energy auditing capability will provide a measurable, provable return on investment (ROI) in conjunction with maintenance contracts.

“Approximately 30% of a building’s controllable operating costs are related to energy use, a larger portion than any other area of its operating costs,” said Matt Rafferty, general manager of Burns’ service division. “For clients who are willing to invest just a bit more into their maintenance contract, our Building Performance Services will give them the energy intelligence to take control of those costs and improve their bottom line significantly,” said Rafferty.

The services result in a lowering of operating costs and increasing of asset values through optimal HVAC performance. A quantifiable ROI will allow a facility owner to self-fund mechanical maintenance projects through known, predictable energy savings.

“What’s important to our clients is what’s important to us,” said president Dan Kerr. “In Philadelphia energy benchmarking is required, and our clients take the process very seriously,” Kerr said. “Higher and public educators, hospital systems, and private businesses are creating healthy, energy efficient spaces – it’s where this city and this industry want to go, and we’re positioned to help make it happen.”

Specific benefits of Burns’ Building Performance Services include:

    Quantification of energy waste
    Identification and implementation of low/no cost savings
    Identification of control issues
    Creation of energy model and financial justification for retrofit projects

About Burns Mechanical

Burns Mechanical is a leading commercial mechanical contracting firm, serving the greater Philadelphia area providing construction and service for some of the region’s most prestigious projects. Its target market of ongoing and completed contracting and service projects includes healthcare and pharmaceutical facilities, high-rise and high-end office complexes, data centers, manufacturing and research facilities, commercial marketplaces, and institutions.

Founded in 1998, Burns is a wholly-owned subsidiary of PPL Corporation. For more information, visit or call 215-674-9000.

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Ninth Annual Spelman College Leadership Conference Examines Wealth Building, Entrepreneurship and Philanthropy

ATLANTA (PRWEB) March 06, 2013

For the ninth year, Spelman College will host its annual Leadership and Women of Color Conference featuring actress/entrepreneur Nicole Ari Parker and famed crisis communications expert/author Judy Smith — the real-life inspiration for ABC’s hit series “Scandal” — as two of its honorees and keynote speakers. The two-day event will be held at the Georgia International Convention Center, May 15 -16, 2013.

Convened by Jane E. Smith, Ed.D., executive director of the Center for Leadership and Civic Engagement at Spelman, the conference will feature notable thought leaders and industry influencers engaging attendees from business, public policy, and education in detailed discussions centered on the theme, “Strategic Leadership: Building Wealth, Entrepreneurship and Paying It Forward.” This must-attend event for women and men in both the corporate and non-profit sectors will provide information and tools to help 21st century women of color strategically focus on building wealth, creating businesses and using both to make important, sustainable contributions to their communities.

“During the conference, attendees will learn from and pay tribute to corporate and community power brokers,” said Dr. Smith. “We are bringing forth those individuals whose commitment and leadership are making a difference in work places, communities and the health and wealth of women of color.”

Through keynote speeches, panel discussions and “conversations” with Spelman President Beverly Daniel Tatum, Ph.D., attendees will gain unique insight and leave with practical solutions to help them:

    Incorporate the cornerstones of wealth building
    Blaze a trail for others through philanthropic endeavors
    Understand the impact of health on wealth
    Leverage the power of the media to grow wealth

Held on the first night of the conference, the Legacy of Leadership Awards Dinner is an elegant evening of memorable entertainment, outstanding speakers and inspiring stories of leadership. This year, remarkable women who exemplify strategic leadership and embrace the importance of not only building successful careers, but also understanding the power of giving back, are being honored. Among the honorees are Ari Parker and Smith, as well as other local and national leaders in various fields.

The Ninth Annual Spelman College Leadership and Women of Color Conference will begin at 1 p.m. on Wednesday, May 15, 2013, at the Georgia International Convention Center. For more details and to register, visit Join the discussion and share your thoughts on this year’s theme on Facebook and Twitter, #SpelmanWOCC.

About Spelman College

Founded in 1881, Spelman College is a highly selective, liberal arts college widely recognized as the global leader in the education of women of African descent. Located in Atlanta, Ga., the college’s picturesque campus is home to 2,100 students. Outstanding alumnae include Children’s Defense Fund founder Marian Wright Edelman; Sam’s Club CEO Rosalind Brewer; JPMorgan Chase Foundation President Kimberly Davis; former acting Surgeon General and Spelman’s first alumna President Audrey Forbes Manley; Harvard College Dean Evelyn Hammonds; author Pearl Cleage; and actress LaTanya Richardson Jackson. For more information, visit

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Article by Andrew G Taylor

General Contractor: Offering To Construct Your Building In More Successive And Cost Effective Way

Accommodation is a very special need for all the people in the world. Most of the people try to build their houses in a beautiful manner. On the other hand, people also try to make any building in a proper way that will help them to reduce cost and make the perfectly. To do this, there are many organizations are available who offers to take the responsibilities of and they are also interested to perform to more perfect way with less cost. Basically these organizations perform these tasks by contractors.

contractors usually offer you to take all the responsibilities to make your by most perfect way. On the other hand they also offer to finish all the tasks of the in the stoutest possible of time. Here you can be free from all the hassles of constructing your building by leaving all the responsibilities to the general . General are the professional who are responsible to provide all the facilities to you to make the of your building more suitable way. Sometimes the general offer you the design of your building. But you can also make the main plan of your building form the other suitable way too. The task of contractors is to build your house in most efficient way.

Most of the time, it is seen that man people try to build their home by not taking the help of any consultancy firm. In this case they can also construct their building well but not very efficient way. As all the people are not expert to construct the building they often face trouble during constructing the building. On the other hand, general reserve the experience and knowledge to solve the problems during construction. So, they can use different technologies and tips to make the constructions by the most successful manner.

contractors are not only responsible to make any construction in a faster way; they are also responsible to make the in the cheapest way too. On the other hand, general offer different more strong way too. If we take the responsibilities of all the parts of constructions by ourselves we can construct the building or there constructions successfully, but we can not ensure that they the have done in proper way which can be guaranteed. So, it is better decision to let the contractors to construct your building.

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If you are looking for a reliable waterproofing Contractor Bronx, Please visit Roofing Contractors Bronx.

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Asset Constructing: A Discussion with Matt Unrath on Economic Security Economists claim America is two years past the worst recession since the Wonderful Depression, but the slow recovery has continued to sow widespread hardship. The Occupy Wall Street demonstrations and a flurry of new information are calling attention to the pervasive poverty and growing inequality that are markers of the post-recession economy. To make sense of what this data tells us about how households are actually doing post-recession and how we may well design a lot more successful public policies, the New America Foundation convened a panel of specialists to weigh in with their take. In this interview, Matt Unrath, the Director of the National Family Economic Security Plan at Wider Opportunities for Females, discusses WOW’s efforts to capture family wellbeing by making Simple Economic Security Tables (Very best), which indexes family spending budget items and projects the essential earnings that families would have to earn in order to cover those costs. He also offers policy prescriptions to boost the wellbeing of economically insecure households. In this video, Rachel Black talks with Matt Unrath about Economic Security.
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