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Dividend investing can create substantial passive income over time. A conservative example illustrates this potential: Investing $10,000 annually for 40 years in a stock yielding 3.1% with 2.5% annual dividend growth could generate $44,316 in yearly dividend income. This strategy could also build a portfolio worth over $1.4 million, assuming normal market conditions.

Selecting the right dividend stocks is crucial, however. Investors should focus on companies with sustainable payouts, a management team committed to shareholder returns, and businesses that are poised for long-term profitability.

Which stocks tick these boxes? This October, three dividend stocks stand out for their attractive dividends, valuations, and growth prospects: Nomad Foods (NYSE: NOMD), WK Kellogg Co. (NYSE: KLG), and Honda Motor Corp. (NYSE: HMC). Let’s explore why these three dividend payers might deserve a spot in your long-term passive-income portfolio.

Nomad Foods: A tasty opportunity in frozen foods

Nomad Foods, a leading international frozen food company, currently offers a 3.4% dividend yield. This attractive payout is well-supported by the company’s conservative 21.9% payout ratio, suggesting ample room for future dividend growth.

The stock’s forward price-to-earnings (P/E) ratio of 11.1 indicates an attractive valuation, relative to its earnings potential. Moreover, Wall Street analysts see a significant upside in the stock, projecting a 39.5% potential gain from current levels. Still, Nomad Foods has significantly underperformed the broader market year to date, posting only a 5.4% gain, compared to the S&P 500‘s 22% rise in 2024.

Nomad’s strong market position in the European frozen food space and its focus on innovation in health-conscious offerings could drive long-term growth. The company’s ability to pass on inflationary costs to consumers demonstrates pricing power, a key attribute for maintaining profitability and supporting future dividend increases.

WK Kellogg Co: A fresh start in familiar territory

WK Kellogg Co, representing the North American cereal business of the iconic Kellogg brand, emerged as an independent entity on Oct. 2, 2023. This spinoff was part of Kellogg’s strategic decision to separate its cereal operations, allowing for a more focused approach to this specific market segment.

The stock offers an attractive 3.6% dividend yield, underpinned by a prudent 34% payout ratio. This conservative approach to dividend distribution provides a buffer for sustaining payouts, even in the face of potential economic headwinds.

WK Kellogg’s shares currently trade at a forward P/E of 9.21, hinting at a possible undervaluation of its earnings potential. However, the stock’s robust year-to-date performance of 33%, significantly outperforming the S&P 500, has led analysts to generally consider it fairly valued at current levels.

As a stand-alone company, WK Kellogg can now channel its resources and attention exclusively into its core cereal business. This laser focus could pave the way for enhanced operational efficiencies and accelerated innovation, potentially unlocking long-term value for shareholders. The company’s well-established brand recognition and strong foothold in the North American cereal market serve as a solid foundation for future expansion and growth.

For passive-income seekers, WK Kellogg’s commitment to its dividend, combined with its potential for operational improvements and market expansion, makes it an intriguing option for generating steady income streams over the long term.

Honda Motor Co.: Revving up for the future

Japanese automotive giant Honda Motor Co. presents investors with an enticing 4.36% dividend yield. The company’s conservative payout ratio of 28.5% suggests this attractive yield is well-supported by earnings, providing ample room for potential dividend growth in the coming years.

Honda’s shares currently appear significantly undervalued, trading at a forward P/E of just 6.43. This modest valuation, coupled with Wall Street’s bullish 27.8% upside projection, points to an attractive entry point for long-term investors.

The automaker’s stock has lagged behind the broader market’s performance year to date. However, Honda’s unwavering commitment to electrification, combined with its robust presence in the global automotive and motorcycle markets, offers multiple avenues for future growth.

Honda’s strategic focus on developing cutting-edge technologies, including fuel cell vehicles and robotics, has the potential to drive substantial long-term value creation for shareholders. For passive-income investors, Honda presents a compelling opportunity due to its strong brand, diversified product portfolio, and commitment to innovation.

Don’t miss this second chance at a potentially lucrative opportunity

Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this.

On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves:

• Amazon: if you invested $1,000 when we doubled down in 2010, you’d have $21,139!*

• Apple: if you invested $1,000 when we doubled down in 2008, you’d have $44,239!*

• Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $380,729!*

Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon.

See 3 “Double Down” stocks »

*Stock Advisor returns as of October 14, 2024

George Budwell has no position in any of the stocks mentioned. The Motley Fool recommends WK Kellogg. The Motley Fool has a disclosure policy.

3 High-Yield Dividend Stocks That Can Deliver a Lifetime of Passive Income was originally published by The Motley Fool

Wilmington, Delaware, Oct. 18, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Employment Screening Services Market by Services (Education and Employment Verification, Criminal Background Checks, Credit History Checks, Drug and Health Screening, and Others), Application (Healthcare, IT/Technology/Media, Financial Services, Staffing, Retail, Industrial, Travel/Hospitality, Government/Education, Transportation, and Others), and Enterprise Size (Large Enterprises, and Small and Medium-sized Enterprise): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the “employment screening services market” was valued at $6.6 billion in 2023, and is estimated to reach $19.6 billion by 2033, growing at a CAGR of 11.2% from 2024 to 2033. 

Get Your Sample Report & TOC Today: https://www.alliedmarketresearch.com/request-sample/4555 

Prime Determinants of Growth 

Rise in remote and hybrid work models and rise in demand for continuous monitoring in employment screening services are the factors expected to propel the growth of the global employment screening services market. However, the data privacy and security concerns and high cost of screening services is anticipated to hamper the growth of the global market. On the contrary, adoption of blockchain technology is likely to create lucrative opportunities for the growth of the global market. 

Report Coverage & Details: 

Purchase This Comprehensive Report (PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/48dJ3K3 

Segment highlights 

The education & employment verification segment to maintain its lead position during the forecast period 

By service, the education & employment verification segment held the largest market share in 2023, accounting for nearly one-third of the employment screening services market revenue and is estimated to maintain its leadership status during the forecast period, owing to rise in demand for accurate and efficient candidate verification processes, driven by increase in hiring volumes and the need for organizations to ensure reliable background checks. However, the drug & health screening segment is expected to attain the largest CAGR of 14.4% from 2023 to 2033 and is projected to maintain its lead position during the forecast period, owing to increasing regulatory requirements, rise in awareness of workplace safety, and rise in demand for comprehensive health assessments. 

The financial services segment accounted for the largest share in 2023 

By application, the financial services segment accounted for the largest share in 2023, contributing for nearly one-fifth of the employment screening services market revenue, owing to stringent regulatory requirements, need for through background checks to ensure trust and integrity, and high sensitivity of financial transactions. However, the travel/hospitality segment is expected to attain the largest CAGR of 18.7% from 2023 to 2033 and is projected to maintain its lead position during the forecast period, owing to rise in demand for background checks, ensuring safety, and regulatory compliance in a high-turnover industry, thereby driving the growth of this segment in the global employment screening services market. 

The large enterprise segment accounted for the largest share in 2023 

By enterprise size, the large enterprise segment accounted for the largest share in 2023, contributing for more than two-thirds of the employment screening services market revenue, as large companies have more resources to invest in comprehensive screening processes, greater hiring volumes necessitating efficient screening services, and stricter compliance requirements. However, the small and medium-sized enterprise segment is expected to attain the largest CAGR of 13.5% from 2023 to 2033 and is projected to maintain its lead position during the forecast period, owing to rise in awareness of risk management, adoption of cost-effective digital screening solutions, stricter regulatory compliance requirements, and need to compete with larger firms for talent. SMEs are recognizing the importance of thorough background checks in mitigating hiring risks and protecting their businesses, which drives the segment growth. 

Get More Information Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/4555 

Asia-Pacific region to maintain its dominance by 2033 

By region, the North America segment held the largest market share in terms of revenue in 2023, owing to strict regulatory compliance requirements, high awareness of risk management, and a culture of background checks. The region’s advanced technological infrastructure, large corporate presence, and emphasis on workplace safety contribute to the widespread adoption of comprehensive screening services. However, the Asia-Pacific segment is projected to attain the highest CAGR of 14.5% from 2023 to 2033, owing to increasing foreign investments, stricter regulations, rise in awareness of risk management, and the region’s expanding multinational corporate presence. 

Leading Market Players: – 

• Reed Specialist Recruitment Limited 

• Experian Information Solutions, Inc. 

• Insperity Services, L.P. 

• Disclosure Services Limited, Kroll, LLC 

• Baldor Technologies Private Limited 

• AuthBridge Research Services Private Limited 

The report provides a detailed analysis of these key players in the employment screening service market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.  

Key Benefits For Stakeholders 

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the employment screening services market analysis from 2023 to 2033 to identify the prevailing employment screening services market opportunity. 

• The market research is offered along with information related to key drivers, restraints, and opportunities. 

• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. 

• In-depth analysis of the employment screening services market segmentation assists to determine the prevailing market opportunities. 

• Major countries in each region are mapped according to their revenue contribution to the global market. 

• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. 

• The report includes the analysis of the regional as well as global employment screening services market trends, key players, market segments, application areas, and market growth strategies. 

Access Your Customized Sample Report & TOC Now: https://www.alliedmarketresearch.com/request-for-customization/4555 

Employment Screening Services Market Key Segments: 

By Services 

• Criminal Background Checks 

• Education and Employment Verification 

• Drug and Health Screening 

By Application 

By Region 

• North America (U.S., Canada) 

• Europe (France, Germany, Italy, Spain, UK, Rest of Europe) 

• Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific) 

• LAMEA (Latin America, Middle East, Africa) 

Trending Reports in BFSI Industry (Book Now with 10% Discount + Covid-19 scenario): 

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About Us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

Contact: 

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Wilmington, Delaware , Oct. 18, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Antimicrobial Plastics Market by Additive (Inorganic and and Organic), Plastic (Engineering, High-Performance and Others), End-Use (Healthcare, Packaging, Automotive, Consumer Goods, Building and Construction and And Others): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the antimicrobial plastics market was valued at $43.1 billion in 2023, and is estimated to reach $87.4 billion by 2033, growing at a CAGR of 7.4% from 2024 to 2033. 

Prime determinants of growth 

The antimicrobial plastics market is driven by key factors, including the increasing emphasis on hygiene and sanitation, particularly in healthcare settings where preventing infections is critical. Consumer demand for hygienic products in everyday items like smartphones, kitchenware, and personal care products also fuels market growth. Additionally, stringent regulatory standards and technological advancements in antimicrobial additives enhance the appeal and effectiveness of these materials. However, the market faces restraints such as the high cost of antimicrobial additives, which can increase production costs and deter adoption. Regulatory challenges and the potential development of microbial resistance to antimicrobial agents also pose significant hurdles. Environmental concerns regarding the disposal and lifecycle impact of antimicrobial plastics further limit market expansion. Despite these challenges, there are substantial opportunities for growth, particularly in emerging markets with rising consumer spending power. Increased investment in healthcare infrastructure and rise in demand for hygienic packaging solutions in these regions can drive the adoption of antimicrobial plastics. Furthermore, ongoing innovations aimed at developing more cost-effective and environmentally friendly antimicrobial solutions present significant opportunities for market expansion. 

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/5716  

Report coverage & details: 

The organic segment is expected to witness rapid growth throughout the forecast period. 

By additive, organic additives are preferred due to their effectiveness in inhibiting microbial growth on plastic surfaces while maintaining material integrity and performance. These additives are widely used across various applications such as healthcare, consumer goods, and packaging, where stringent hygiene standards and safety are paramount. Their versatility and compatibility with different plastic materials contribute to their prominence in the antimicrobial plastics market, driving continued adoption and growth globally. 

The engineering plastics segment is expected to lead throughout the forecast period. 

By plastic, engineering plastics, known for their superior mechanical properties, durability, and resistance to heat and chemicals, are widely utilized in applications requiring antimicrobial properties. These plastics include materials such as polycarbonate, polyamide (nylon), and polyoxymethylene (POM), among others. They are commonly used in healthcare equipment, automotive interiors, electronics, and industrial components where antimicrobial protection is essential. The demand for antimicrobial engineering plastics is driven by the need for reliable microbial control in critical environments while maintaining high performance and longevity of the materials. 

Procure Complete Report (226 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/antimicrobial-plastics-market 

The healthcare segment is expected to lead throughout the forecast period. 

By end use, antimicrobial plastics play a crucial role in the healthcare industry by helping to reduce the risk of infections and ensuring hygiene standards in medical equipment, devices, and hospital environments. This sector demands materials that can effectively inhibit microbial growth while maintaining safety and durability. Following healthcare, packaging is another significant segment, driven by the need for antimicrobial solutions to extend shelf life and prevent contamination in food, pharmaceuticals, and other perishable goods. Automotive, consumer goods, and building & construction sectors also utilize antimicrobial plastics to enhance product safety and longevity in various applications. 

Asia-Pacific to maintain its dominance by 2033. 

In the Asia-Pacific region, the antimicrobial plastics market is projected to witness significant growth driven by increasing healthcare expenditures and rising consumer awareness of hygiene. Countries such as China, Japan, and South Korea lead in adopting antimicrobial plastics across medical devices, consumer electronics, and food packaging sectors. The market benefits from robust manufacturing capabilities and technological advancements in antimicrobial additives. Regulatory support for safety standards further facilitates market expansion. 

Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/antimicrobial-plastics-market/purchase-options    

Players: – 

• LyondellBasell Industries Holdings B.V. 

The report provides a detailed analysis of these key players in the global antimicrobial plastics market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. 

About Us 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

Contact: 

David Correa 

United States 

1209 Orange Street, 

Corporation Trust Center, 

Wilmington, New Castle, 

Delaware 19801 USA. 

Int’l: +1-503-894-6022 

Toll Free: +1-800-792-5285 

Fax: +1-800-792-5285  

help@alliedmarketresearch.com 
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(Reuters) – Billionaire Warren Buffett’s Berkshire Hathaway (BRK-B) has unloaded more Bank of America (BAC) stock as it continues to trim stake in the U.S. banking giant, according to a regulatory filing.

Berkshire sold nearly 8.7 million shares for $370 million, as of Oct. 15, the filing showed.

Last week, Berkshire sold 9.5 million shares worth $382.4 million that brought its stake in the company to below 10%, according to a separate regulatory filing.

The investment giant began trimming its stake in mid-July when it sold about 33.9 million shares for around $1.48 billion. Since then, it has netted more than $10 billion from these sales.

Buffett, one of the world’s most revered investors, first invested in Bank of America back 2011 when he purchased $5 billion worth of its preferred stock.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Tasim Zahid)

(Bloomberg) — China’s central bank moved to support markets just as data showed the economy expanding the least in six quarters, signaling the government’s intent to continue a stimulus push to draw a line under the slowdown.

Most Read from Bloomberg

The People’s Bank of China disclosed more details of its measures to boost capital markets minutes after authorities released figures showing China’s slowdown deepened in the third quarter. At a separate event in Beijing, PBOC Governor Pan Gongsheng flagged the real estate and stock markets as key challenges in the economy that require targeted policy support.

Coordinated or not, the moves by the PBOC and its governor appeared to bolster hope that Beijing would do what it takes to ensure the country reaches its 2024 growth target of around 5%. Although the expansion was slower than in previous quarters, better-than-expected data for September offered tentative signs the economy has bottomed out.

The probability of China achieving its growth goal “now looks very high,” said Jacqueline Rong, chief China economist at BNP Paribas SA. “Only a mild rebound in the fourth quarter will get the job done.”

China’s benchmark CSI 300 Index of onshore stocks rebounded from earlier losses to close up 3.6% higher, after the central bank kicked off a re-lending facility for listed companies and major shareholders to buy back shares. Stocks also got a boost from President Xi Jinping’s call for efforts to achieve the year’s economic goals and financial support for technology, with chipmaker Semiconductor Manufacturing International Corp. gaining 20%.

What Bloomberg Economics Says…

“Given the force and breadth of the policy response in recent weeks, the economy has likely bottomed out. The government will probably now concentrate on implementation, with a particular focus on ensuring local officials deliver fiscal spending that’s been budgeted for the year.”

— Chang Shu and Eric Zhu

Read the full note here.

The Friday data painted a mixed economic picture for the last quarter.

Gross domestic product increased 4.6% in the July-to-September period from a year prior, data released by the National Bureau of Statistics showed, bringing growth for the first nine months to 4.8% — the lower end of China’s annual growth goal.

Story continues

Things appeared to take a turn for the better during the last stretch of the period, with retail sales accelerating in September to grow 3.2% after expanding 2.1% the prior month.

The better-than-expected consumption gauge likely received a boost from government subsidies for upgrading consumer goods. Home appliances saw a 21% surge in sales from a year ago, picking up from a 3% gain in the previous month. Increased subsidies for car purchases also paid off, with auto sales snapping a six-month declining streak.

“The economy will perform better in the fourth quarter given the new stimulus measures,” said Larry Hu, head of China economics at Macquarie Group Ltd.

The appliance and goods trade-in program is part of China’s stimulus measures including interest rate cuts, with the elite Politburo led by Xi supercharging the push with a vow to stabilize the beleaguered real estate sector.

The slate of measures prompted a historic stock rally and led banks including Goldman Sachs Group Inc. to upgrade their forecasts for China’s growth. But skepticism has grown over whether authorities are willing to deploy greater fiscal firepower to turn around the economy and markets.

Investors now expect Chinese lawmakers to approve additional budget or debt sales to fund public spending in a meeting as soon as this month after authorities promised fiscal support.

At a Beijing forum, PBOC’s Pan reiterated that the monetary authority will make a reasonable rebound in prices a key policy consideration. A broad measure of prices fell for a sixth quarter, data showed Friday, extending the economy’s deflation streak, the longest since 1999.

Apart from retail sales, industrial production and fixed-asset investment also picked up in September, and jobless rate fell to 5.1%, the lowest since June.

New home prices, however, fell for a 16th month, dropping at almost the same pace as in August.

“There is still a lack of stabilization in the property market yet, indeed indicating the needs for continued policy easing,” said Xiaojia Zhi, chief China economist at Credit Agricole.

The NBS said there’s reason for caution despite improvements in the main indicators as the stimulus measures are rolled out, citing an “increasingly complex and grim” external environment and a need to strengthen the economy’s foundation.

Data released before Friday underscored those challenges. Exports in September slowed sharply, curbing a trade rebound that has been a highlight for the economy. Deflationary pressures continued to build, with consumer prices still weak and factory gate prices falling for 24 straight months.

Economists have urged Beijing to boost consumer spending to avoid a spiral of falling prices, which could risk a self-reinforcing cycle of declining spending, shrinking business revenues and job losses. But authorities have shown little urgency to ramp up consumption with any direct stimulus or large-scale handouts, which Xi has long resisted due to concerns over what he calls “welfarism.”

What’s Wrong With China’s Economy? What’s Xi Doing?: QuickTake

China has so far appeared to be focusing its fiscal policy on reining in local debt risks, with Finance Minister Lan Fo’an promising what he described would be the biggest effort in years to bring hidden debt onto local governments’ balance sheet.

The strategy is aimed at easing the debt servicing burden for the authorities by bringing down interest costs and delaying loan repayment. This frees up cash and gives local governments greater scope to drive economic growth.

“The improvement in the growth momentum of the key monthly indicators may provide some comfort to policymakers,” said Louis Kuijs, chief Asia-Pacific economist at S&P Global Ratings. “Yet I don’t think that one month of slightly better activity data can justify reducing policy support to growth, especially not at a time when deflation risks have increased.”

–With assistance from Tian Chen, James Mayger and Jing Li.

(Updates with market close and Xi Jinping comments in fifth paragraph)

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.

Fully Leased Life Science Campus is Now Home to Leading Companies
Including Pfizer and BD Biosciences

SAN DIEGO, Oct. 17, 2024 /PRNewswire/ — Breakthrough Properties was joined by San Diego Mayor Todd Gloria, UCSD Chancellor Pradeep Khosla, Ph.D. and representatives from Pfizer and BD Biosciences on September 30 to commemorate the opening of Torrey View, its newly-developed, 10-acre life science campus in Del Mar Heights.

Breakthrough successfully pre-leased the entire 520,000-square-foot campus to an impressive lineup of leading companies months prior to completion. The oncology division of biopharmaceutical company Pfizer leased 230,000 square feet spanning two buildings. Global medical technology company BD (Becton, Dickinson and Company) created a 220,000-square-foot innovation center for its Biosciences division across a third building. Charles River Laboratories, Actio Biosciences and Architect Therapeutics have also established a presence at the campus.

Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, acquired the Torrey View site in October 2020 and transformed it into a world-class research and development center, which has achieved USGBC LEED Gold certification.

“This world-class campus is a setting fit for some of the brightest minds in medicine, and will further strengthen the thriving innovation ecosystem that fuels groundbreaking discoveries,” said San Diego Mayor Todd Gloria. “I’m proud that top life-science companies continue to choose San Diego as their home, and I look forward to seeing the life-changing advancements that will come from this new facility.” 

“We are delighted to celebrate the completion of Torrey View alongside Mayor Gloria, UCSD Chancellor Dr. Pradeep Khosla and our many distinguished guests from San Diego’s vibrant life sciences community,” said Breakthrough CEO Dan Belldegrun.  “We developed Torrey View as a premier hub of innovation and collaboration where important research will be conducted and advanced.  We’re proud to welcome these cutting-edge companies to their new home.”

“Torrey View showcases Breakthrough’s ability to deliver the best real estate product for the best minds in life science,” said Tishman Speyer CEO Rob Speyer.  “The work happening within these walls will literally save lives and reshape healthcare.  I congratulate the Breakthrough team and thank our partners in the community for championing this project.”

“We’re proud to soon open the doors at our new site here in Torrey View, a site that will continue to enable world-class scientific innovation and the delivery of impactful new medicines to patients with cancer,” said Jeff Settleman, Ph.D., Chief Scientific Officer for Oncology Research and Development Pfizer La Jolla site head. “Over the past few years, Pfizer has made a significant investment in the oncology therapeutic space – this new state-of-the-art facility is a reflection of our commitment to both our colleagues and the patients we serve.”

“We need ecosystems like Torrey View to bring together the brightest minds, most innovative companies and forward-thinking entrepreneurs,” said UCSD Chancellor Pradeep Khosla, Ph.D.  “With the extensive premier life science space and amenities that Torrey View plans to offer, it is poised to become a hub for groundbreaking research, development and discovery. Academia needs strong partnerships to achieve maximum success.”

Breakthrough developed Torrey View alongside its co-equity partners Mitsui Fudosan America, Investment Management Corporation of Ontario (IMCO) and AP2. To realize its vision, Breakthrough collaborated with life science architectural firm Flad Architects and general contractor Clark Construction.  JLL exclusively handled the leasing program at the development.

The campus features expansive ocean views and a full suite of curated campus amenities, including a client clubhouse, multiple dining options, a Jay Wright-designed fitness center and pickleball court, a 400-person conference facility, robust bike and surfboard storage and onsite parking via a partially below grade garage covered by open green spaces and gardens.   

Breakthrough is one of the most active players in the sector with a portfolio that spans more than five million square feet of premier life science environments in operation and in the development pipeline across the United States and Europe. Breakthrough’s ongoing commitment to sustainability involves a particular emphasis on increasing energy efficiency, reducing carbon emissions and providing healthy workspaces for users, including targeting LEED Gold certification at its United States properties, as well as BREEAM Outstanding certification in all of its projects across the United Kingdom and EU markets.

In addition to Torrey View, Breakthrough’s San Diego portfolio encompasses Torrey Plaza, Callan Ridge and Governor Pointe, a two-story life science campus nearing completion.  Other portfolio highlights include The 105, a state-of-the-art facility fully leased by CRISPR Therapeutics, and One Milestone, two interconnected lab buildings under development at the Enterprise Research Campus, in Boston; 2300 Market, a research & development building nearing completion in Philadelphia; and Trinity, a bespoke lab and office project being developed in Oxford UK. In addition, StudioLabs by Breakthrough — curated, turn-key innovation environments for hypergrowth users — are being launched in several new markets.

About Breakthrough Properties

Formed in 2019 as a joint venture between global real estate owner, developer, and investor Tishman Speyer and biotechnology investment firm Bellco Capital, Breakthrough Properties is a life science real estate development company that leverages cross-sector collaboration to deliver environments that foster innovation and scientific breakthroughs. Breakthrough Properties’ mission is to acquire, develop and operate the best life science properties in leading urban technology centers around the world and support scientific innovation across biotechnology, agriculture, and nutrition. Breakthrough combines Tishman Speyer’s decades of global real estate development experience with Bellco Capital’s industry-making biotechnology entrepreneurship to reimagine environments where companies can create life-changing therapies for patients.

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SOURCE Breakthrough Properties

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