Patrizia AG has acquired a newly built cold storage logistics asset near Milan, Italy, from Savills Investment Management. The 31,000m² cold storage asset was completed in Q2 2021 and is fully let to Kuhne & Nagel, a leading pan-European 3rd party logistics company, and Movi.Log Srl, a frozen food distributor, with a WALT of 7.5 years. The property has been built to a high specification with sprinklers, elevations and ample refrigeration space that has a temperature range between 4°C and -28 °C. Sustainability was a key consideration during its development. The asset includes two photovoltaic plants for a total power capacity of 2.5MW and is targeting a BREEAM rating.
The property is located in Casorate Primo, a municipality in Lombardy between the cities of Milan and Pavia, a prime industrial and logistics location in northern Italy. It benefits from excellent transport connectivity via the nearby A7 motorway which connects Milan with Genoa and enables access to France and Switzerland.
Pierluigi Scialanga, Head of Transactions at Patrizia Italy, commented: “The property is well located and has excellent sustainability credentials, while lettings to tenants with strong covenants will deliver long term reliable returns. Our Italian AUM has grown significantly in recent years to now over €1bn with plans to grow further. Logistics is a strategic sector for Patrizia Italy. We have so far invested €400m in logistics and have a pipeline of a further €160m of logistics transactions which we are completing.”
Rob Brook, Head of Alternative Investments and Head of Logistics at Patrizia, added: “Cold chain is an exciting area of logistics for Patrizia to be involved in. Demand is predicted to grow steadily in the next few years, especially due to a growing need for reliable supply chains for biopharmaceuticals, vaccines and clinical trials. High demand across Europe combined with low vacancy rates makes cold chain logistics an ideal growth area for the future.”
Choco: Revolutionizing The FoodTech Industry With Innovation & Sustainability | EU20
By Clint Bailey
— In the rapidly evolving world of food technology, European startup Choco has emerged as a pioneering force. With its website, Choco.com, this Berlin-based company is transforming the way food industry professionals operate by leveraging innovative digital solutions. By linking restaurants, distributors, suppliers, and producers on a single platform, Choco is streamlining the supply chain process while promoting sustainability.
Let’s explore the journey of Choco.com and its impact on the overall foodtech industry.
Company: Choco Technologies GmbH
Website: www.Choco.com
Head Office: Berlin, Germany
Year Established: 2018
Founders: Choco was co-founded by Daniel Khachab, Julian Hammer, and Rogerio da Silva.
Industry: Choco operates in the foodtech industry, specifically focusing on digitizing the supply chain for the food industry.
Funding: Choco has secured significant funding rounds from investors, including Bessemer Venture Partners & Coatue Management.
Market Presence: Choco has a strong presence in several European cities, including Berlin, Paris, London & Barcelona.
Mission: Choco aims to revolutionize the food industry by leveraging technology to simplify supply chain management, promote sustainability, and reduce food waste.
Simplifying Supply Chain Management
One of the core focuses of Choco is to simplify supply chain management for food businesses. Traditionally, the procurement process in the food industry has been cumbersome and inefficient, with numerous intermediaries and manual processes. Choco’s digital platform replaces the traditional paper-based ordering system, allowing restaurants and suppliers to communicate and collaborate seamlessly.
Choco’s platform enables restaurants to place orders directly with suppliers, eliminating the need for phone calls, faxes, or emails. This not only saves time but also reduces the likelihood of errors and miscommunications.
By digitizing the ordering process, Choco improves transparency, making it easier for restaurants to compare prices, track deliveries, and manage inventory efficiently.
Streamlining Operations For Suppliers & Producers
Choco’s impact extends beyond restaurants. The platform also provides suppliers and producers with valuable tools to streamline their operations. By digitizing their product catalogs and integrating them into the Choco platform, suppliers can showcase their offerings to a wide network of potential buyers.
Suppliers benefit from increased visibility, enabling them to reach new customers and expand their market presence. Moreover, Choco’s platform helps suppliers manage their inventory, track orders, and plan deliveries effectively. These features enhance operational efficiency, reduce waste, and ultimately contribute to a more sustainable food system.
https://youtube.com/@choco233
YouTube Channel
Promoting Sustainability & Reducing Food Waste
Choco recognizes the critical importance of sustainability in the food industry. According to the United Nations, approximately one-third of the world’s food production goes to waste each year. By digitizing the supply chain and enabling more efficient ordering and inventory management, Choco actively works to combat this issue.
Choco’s platform facilitates data-driven decision-making for restaurants, suppliers, and producers. By analyzing purchasing patterns & demand, Choco helps businesses optimize their inventory levels, reducing overstocking and minimizing food waste. Additionally, Choco supports local sourcing, enabling businesses to connect with nearby suppliers & promote sustainable, community-based practices.
Expanding Reach & Impact
Since its founding in 2018, Choco has experienced rapid growth and expansion. The startup has successfully secured significant funding rounds, allowing it to scale its operations and establish a strong presence across Europe and other global markets. Today, Choco’s platform is used by thousands of restaurants and suppliers, revolutionizing the way they operate.
Choco’s impact extends beyond operational efficiency or sustainability. By connecting restaurants, suppliers & producers on a single platform, Choco fosters collaboration & encourages the exchange of ideas. This collaborative approach strengthens the overall foodtech ecosystem and creates a supportive community of like-minded aiming to drive positive change within the industry.
Future Of FoodTech
Choco’s rise to prominence in the foodtech industry exemplifies the reach of sustainability, innovation, and community. Through its user-friendly platform, Choco simplifies supply chain management, streamlines operations for restaurants & suppliers, and actively promotes sustainable practices. By harnessing the potential of digital, Choco is disrupting the future of the food industry, making it more efficient and transparent.
As Choco continues to expand its impact and reach, its transformative influence on the foodtech sector is set to inspiring, grow other startups, and established players to embrace technology for a better and more sustainable food system.
We Can’t Thank You Enough For Your Support!
— Compiled by Clint Bailey | Team ‘Voice of EU’ — For More Info. & News Submissions: info@VoiceOfEU.com — For Anonymous News Submissions: press@VoiceOfEU.com
Want to sell your home over Christmas? Here’s why you should put the decorations AWAY
Across the country, a warm glow is beginning to appear — but might it be from Yuletide decorations destroying the chances of selling your home?
For some people the festive season involves inflatable Santas clinging to windowsills like burglars. Others prefer illuminated reindeers in the front garden.
But if you’re among the 100,000 households trying to sell this Christmas, the advice from many experts is to leave the lights in the garage and the plastic snowman in the loft.
Keep them in the garage: Over-the top decorations
Vendors must avoid anything that handicaps a sale in today’s difficult market.
Rightmove says the average asking price of homes across the UK coming to the market in November is 1.7 per cent down on October, while posh estate agency Savills reports some London prices are now 19 per cent below their peak.
And as buyers struggle to afford mortgages, the number of house sales nationwide this year is expected to be one million, according to Zoopla — or 20 per cent lower than usual.
The Your Move chain of estate agents is clear that decorations should be off the agenda, adding: ‘The key to potential buyers falling in love with a property is them being able to imagine themselves living there.
‘Piles of clutter and decorations make it harder. So make it easier for them by keeping spaces as open as possible.’
The key to potential buyers falling in love with a property is them being able to imagine themselves living there. Piles of clutter and decorations make it harder
The public seems to agree. A survey by GetAgent, a comparison site on which the public can find favourably reviewed estate agents, shows 24 per cent of would-be buyers say they’re deterred from viewing a home with excessive outdoor Christmas lights.
Colby Short, chief executive of GetAgent, advises: ‘Selling at Christmas is no different to any time of year and you have to remember that not everyone will share your tastes, or sense of humour.
‘A blank canvas works best when it comes to attracting potential buyers and if your home is covered in Christmas decorations, it can be hard for them to get a true sense of the property.’
Tasteful: Forget inflatable Santas and pick refined, calming colours if you’re hoping to sell a property this Christmas
Tips for selling a home over Christmas
GetAgent recommends sellers stick to white lights and not coloured, flashing ones visible on a ‘walk-by’ initial viewing, and no gaudy exterior decorations.
Instead it suggests a festive twist on the smell of freshly baked bread — vendors should use Christmas scents such as cinnamon and mulled wine.
Not every agent is against decorations. Some, like Alex Oliver of buying service Prime Purchase, says they are inevitable and most buyers grin and bear them.
Nonetheless he tells sellers that if they must have decorations, they should follow two golden rules.
Firstly, don’t get a home photographed by agents at this time of year because listings on Rightmove with decorations in the photographs will make a home feel stale in the New Year.
Secondly, take the decorations down soon after the festivities to avoid giving the wrong message.
‘If the decorations were still up I’d be concerned there may be other issues that the vendor has not kept on top of such as maintenance or permissions for any works they may have had done,’ Oliver adds.
But many experts say listing your house now and having it on sale over the festive season has unexpected advantages.
That’s because Christmas is when many families have time to make plans for major events such as house-moving and, sadly, many couples agree to split up.
Agents say anyone preferring to view homes now instead of relaxing is likely to be a serious buyer, while there will also be significantly fewer homes on the market too, so you will face less competition.
Twelve months ago there were a jaw-dropping 51 million visits to Rightmove between Boxing Day and the first working day of 2023.
Tim Bannister, Rightmove’s data director, says: ‘Traffic to our website more than doubles between Christmas and the New Year, those sellers who get a head start now and have their home ready to launch can benefit.’
The Implications Of Controlling High-Level Artificial Super Intelligence (ASI)
Artificial Super Intelligence (ASI)
By Clint Bailey | ‘Voice of EU’
The notion of artificial intelligence surpassing humanity has long been a topic of discussion, and recent advancements in programs have reignited concerns. But can we truly control super-intelligence? A closer examination by scientists reveals that the answer is highly unlikely.
Unraveling The Challenge:
Controlling a super-intelligence that surpasses human comprehension necessitates the ability to simulate and analyze its behavior. However, if we are unable to comprehend it, creating such a simulation becomes an impossible task. This lack of understanding hinders our ability to establish rules, such as “cause no harm to humans,” as we cannot anticipate the scenarios that an AI might generate.
The Complexity Of Super-Intelligence:
Super-intelligence presents a distinct challenge compared to conventional robot ethics. Its multifaceted nature allows it to mobilize diverse resources, potentially pursuing objectives that are incomprehensible and uncontrollable to humans. This fundamental disparity further complicates the task of governing and setting limits on super-intelligent systems.
Drawing Insights From The Halting Problem:
Alan Turing’s halting problem, introduced in 1936, provides insights into the limitations of predicting program outcomes. While we can determine halting behavior for specific programs, there is no universal method capable of evaluating every potential program ever written. In the realm of artificial super-intelligence, which could theoretically store all possible computer programs in its memory simultaneously, the challenge of containment intensifies.
The Uncontainable Dilemma:
When attempting to prevent super-intelligence from causing harm, the unpredictability of outcomes poses a significant challenge. Determining whether a program will reach a conclusion or continue indefinitely becomes mathematically impossible for all scenarios. This renders traditional containment algorithms unusable and raises concerns about the reliability of teaching AI ethics to prevent catastrophic consequences.
An alternative approach suggested by some is to limit the capabilities of super-intelligence, such as restricting its access to certain parts of the internet or networks. However, this raises questions about the purpose of creating super-intelligence if its potential is artificially curtailed. The argument arises: if we do not intend to use it to tackle challenges beyond human capabilities, why create it in the first place?
Urgent Reflection – The Direction Of Artificial Intelligence:
As we push forward with artificial intelligence, we must confront the possibility of a super-intelligence beyond our control. Its incomprehensibility makes it difficult to discern its arrival, emphasizing the need for critical introspection regarding the path we are treading. Prominent figures in the tech industry, such as Elon Musk and Steve Wozniak, have even called for a pause in AI experiments to evaluate safety and potential risks to society.
The potential consequences of controlling high-level artificial super-intelligence are far-reaching and demand meticulous consideration. As we strive for progress, we must strike a balance between pushing the boundaries of technology and ensuring responsible development. Only through thorough exploration and understanding can we ensure that AI systems benefit humanity while effectively managing their risks.
We Can’t Thank You Enough For Your Support!
— By Clint Bailey, Team ‘THE VOICE OF EU‘
— For Information: Info@VoiceOfEU.com
— For Anonymous News Submissions: Press@VoiceOfEU.com