![]() Memorandum of Understanding Between the Secretary of Transportation and the Administrator of the Environmental Protection Agency Spill Prevention, Control, and Countermeasure Plan requirements.įacility response training and drills/exercises. ![]() Requirements for Animal Fats and Oils and Greases, and Fish and Marine Mammal Oils and for Vegetable Oils, including Oils from Seeds, Nuts, Fruits, and Kernels Spill Prevention, Control, and Countermeasure Plan requirements for offshore oil drilling, production, or workover facilities. Spill Prevention, Control, and Countermeasure Plan requirements for onshore oil drilling and workover facilities. Spill Prevention, Control, and Countermeasure Plan Requirements for onshore oil production facilities (excluding drilling and workover facilities). Spill Prevention, Control, and Countermeasure Plan requirements for onshore facilities (excluding production facilities). Requirements for Petroleum Oils and Non-Petroleum Oils, Except Animal Fats and Oils and Greases, and Fish and Marine Mammal Oils and Vegetable Oils (Including Oils from Seeds, Nuts, Fruits, and Kernels) ![]() General requirements for Spill Prevention, Control, and Countermeasure Plans. Requirement to prepare and implement a Spill Prevention, Control, and Countermeasure Plan.Īmendment of Spill Prevention, Control, and Countermeasure Plan by Regional Administrator.Īmendment of Spill Prevention, Control, and Countermeasure Plan by owners or operators. Another driver of demand was the use of self-storage space by businesses as last-mile logistics, the Citi analysts said.Applicability, Definitions, and General Requirements for All Facilities and All Types of Oils In addition, they said higher residential prices were driving a shift to using cheaper storage space in a separate location. They added: “Self-Storage has several demand drivers, including for storage while moving residence, need for additional space as residential space per capita reduce and households require cheaper alternative space.” “The unbundling unlocks value separating the self-storage business which we expect to trade around underlying net tangible assets, unlocking the high implied discount on the underlying commercial portfolio ,” said Citi’s Howard Penny, Suraj Nebhani and Akshit Batra. Real estate analysts at Citi backed the rationale for the de-stapling and the positive impacts it would bring to existing Abacus shareholders, who will be able to buy into the float at a 10 per cent discount to ASK’s net tangible assets via a pro rata offer. “The self-storage market has attractive market fundamentals supported by macroeconomic tailwinds, including an imbalance in supply and demand for self-storage space, densification of residential property, and the growth of e-commerce,” Mr Sewell said when the de-stapling was proposed in February. ![]() ![]() The trust is forecast to generate funds from operations – the equivalent of operating earnings – of 6.3¢ per security in the 2024 financial year, of which 6¢ per security will be paid out in distributions. Provided investors and shareholders back the spin-off, the listed trust will begin trading under ticker ASK on August 1.Īs a standalone trust, it will comprise a $3 billion portfolio of 112 trading self-storage facilities and 23 future facilities, and the Storage King operating platform valued at $100 million. The downsized institutional and retail offer at a floor price of $1.41 per security will help pay down debt and strengthen the balance sheet of the proposed Abacus Storage King REIT, while providing capital to fund the growth of the portfolio including the construction of new facilities.Ībacus hopes to raise $225m for its Storage King REIT. Listed commercial property investor Abacus kicked off a $225 million equity raising on Thursday for the proposed spin-off of its $3 billion portfolio of Storage King self-storage properties. ![]()
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