BLP closes $789 million in real estate since inception 7 months ago; more deals in the pipeline
LOS ANGELES, July, 2022 – Bridge Logistics Properties (“BLP”), a subsidiary of Bridge Investment Group Holdings Inc. (NYSE: BRDG) ("Bridge"), today announced that it has acquired a unique, off-market 14.3-acre truck terminal in the Inland Empire region of California. In the seven months that BLP has been investing on behalf of institutional investors, the logistics real estate company has closed 21 deals. Led by a team of industrial real estate veterans with prior tenure at Brookfield, Prologis and Duke – including Jay Cornforth, Brian Gagne, and Paul Jones – BLP has secured $789 million of real estate in difficult to access U.S. global gateway infill markets since its inception.
“Given the supply-demand imbalance for functional truck terminals within densely ....
Other Transport News
C-BRTA urges safe and alert transport of people and goods during Easter holidays
State-owned allowing company the Cross-Border Road Transport Agency (C-BRTA) advises cross-border road transportation operators to stay alert while carrying passengers and products throughout borders throughout the Easter duration. The C-BRTA likewise means to increase the implementation of its law enforcement unit– the Road Transport Inspectorate (RTI)– along significant corridors to border posts to match the anticipated increase in freight and passenger lorry traffic volumes, in addition to impose compliance with road guidelines.
Struggling steel sector, construction challenges delay N2 bridge projects – Sanral
Construction deal with the multibillion-rand Mtentu and Msikaba bridge tasks in the Eastern Cape is dealing with renewed delays, says the South African National Roads Agency Limited (Sanral). The mega-bridges type part of Sanral’s N2 Wild Coast roadway job, which requires the building of a 410 km stretch of road from East London to the Mtamvuna river on the border of the Eastern Cape and KwaZulu-Natal provinces.
EV charging station developer objecting to Sanral’s proposed policy changes
The developer of a South African across the country network of solar-powered offgrid electrical car (EV) charging stations, Zero Carbon Charge (CHARGE), has formally challenged the South African National Roads Agency Limited’s (Sanral’s) proposed amendments to its Rest and Services Facilities (RSF) policy. CHARGE asserts that the proposed new policy will put private sector investment at danger, postpone the rollout of critical facilities and develop regulatory uncertainty, and do so at a crucial time in the country’s transition to electrical roadway transportation. CHARGE intends to support the adoption of long-distance EVs, allow EV travel and unlock financial development in backwoods, while likewise minimizing the pressure on the national grid. It already has a fully-operational offgrid charging station at Wolmaransstad, on the N12 highway, in the North West province. Two more, situated on the N3 in between Johannesburg and Durban, are scheduled to start operating in May.
New initiatives emerge as rail reform progresses New initiatives emerge as rail reform progresses
Engineering News editor Terence Creamer goes over developments on the rail reform front and how this is stimulating brand-new thinking on localisation and in the container sector.
S&P Global Energy forecasts oil prices of $70/bbl to $100/bbl for the remainder of this year
Energy market intelligence company S&& P Global Energy says the 17-million-barrel-a-day decrease in crude oil and improved product supply readily available to the market from March 1 to 11 represents the biggest oil supply disturbance in history, with no other historic episode coming close. Plans for the biggest oil reserves distribution in history, announced on March 11 by the International Energy Agency, might prove to be a bridge from a very unbalanced oil market to one that is less so, however it will be a restricted solution if the Strait of Hormuz stays closed, S&& P Global Energy includes.
Opinion: Correcting the structural imbalance in South Africa’s primary trade, transport and …
In this short article, Port of Gauteng’s Francois Nortjé composes that South Africa’s essential economic transport passage from Durban to Gauteng need to work for both freight and passenger travel and that investment in rail infrastructure along this route is essential to restoring balance on this trade route.
N2 bridge projects delayed by struggling local steel sector, construction challenges – Sanral
Construction work on the multibillion-rand Mtentu and Msikaba bridge projects in the Eastern Cape are both dealing with restored hold-ups, says the South African National Roads Agency Limited (Sanral). The mega-bridges type part of Sanral’s N2 Wild Coast road project, which requires the building of a 410 km stretch of road from East London to the Mtamvuna river on the border of the Eastern Cape and KwaZulu-Natal provinces.
JRA to temporarily close M1 Smit street offramps for road testing, investigations
The north- and south-bound Smit street interchange on- and offramps on the M1 will be closed from 09:00 to 15:00 on March 7, 8 and 9 to allow the Johannesburg Roads Agency (JRA) to undertake important road screening and examinations. All ramps will be completely resumed during early morning and afternoon peak hour traffic to ease traffic flow, the JRA says.
Agri SA, Agbiz partner with ISA to undertake targeted agri road corridor development
Industry bodies Agri SA and the Agricultural Business Chamber of South Africa (Agbiz) have formalised a strategic collaboration with Infrastructure South Africa (ISA) to prioritise critical agricultural road passages in the Free State. Having signed a memorandum of cooperation, the organisations have made an essential action towards lining up facilities planning with the logistics requirements of the farming economy.
Sanral advises of 3.12% toll tariff increase
South African National Roads Agency Limited (Sanral) has revealed that toll tariffs will increase by 3.12% with effect from March 1. This compares to the annual boost of 4.85% in 2015.