Business
Sustainable Projects Group Acquires 10% of Falcon Projects AG
Sustainable Projects Group Acquires 10% of Falcon Projects AG.
About this update from Sustainable Projects Group Inc.
[{"type":"text","content":"\n\n\n\nSustainable Projects Group Acquires 10% of Falcon Projects AG\n\n\n\n\n\nSustainable Projects Group Acquires 10% of Falcon Projects AG\nPR Newswire\nNAPLES, Florida, February 1, 2018\n\n\n\nNAPLES, Florida, February 1, 2018 /PRNewswire/ --\n\nSustainable Projects Group Inc. (the \"Company\") (OTCQB: SPGX) is pleased to announce the acquisition of a 10% stake in Falcon Projects AG, a company specializing in bridge financing and refinancing solutions in the construction and project development industry. With this acquisition, Sustainable Projects Group continues to broaden its network of investments and partners in various industries.\n\n\"SPGX is expanding its footprint and excited to participate in the future growth of Falcon Projects AG. With a deal volume of more than CHF80m, Falcon Projects is well positioned to become a leading player in project bridge financing,\" stated Christian Winzenried, CEO of Sustainable Projects Group Inc.\n\nFalcon Projects AG, based in Switzerland, is currently providing financing solutions to a multitude of real estate development projects initiated by some of Europe's leading project developers. The partnership with Steiner AG is a strong asset of the company. Steiner AG was established in 1915 and has constructed more than 1200 residential construction projects, 540 commercial properties, 45 hotels and 150 infrastructure facilities such as universities, schools, hospitals, prisons and retirement homes.\n\n\"We are excited to be participating in the future commercial success of projects financed by Falcon Projects AG and the potential returns presented by the strongly growing commercial real estate market in Europe and beyond,\" stated Christian Winzenried, CEO of Sustainable Projects Group Inc.\n\nAbout Sustainable Projects Group Inc. \nSPGX as a member of the SP Group global network, is positioned to become a world-leading natural resources holding and development company through value-based investments and collaborative partnerships with global leaders across the natural resources sector.\n\nThe Company has initiated its goals by pursuing investment and partnerships with some of the most diversified and integrated companies available on the market.\n\nAbout Falcon Projects AG \nFalcon Projects AG, headquartered in Zurich, Switzerland, is focused on providing bridge financing...