Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Posts Tagged ‘properties’

Waypoint Campus Housing Acquires Student Housing Properties Serving Auburn University and University of Kansas, Lawrence

Posted by fidest press agency su venerdì, 16 marzo 2018

Waypoint Residential announced that it has acquired The Social at Auburn, an 844-bed, purpose-built student housing property serving Auburn University in Alabama. The firm also acquired Rockland West, a purpose-built student housing property with 500 beds that serves the University of Kansas at Lawrence. These transactions cap an active year in the sector in which the company added nine properties and 4,788 beds to its portfolio in four separate transactions.Waypoint entered the student housing space in 2016 and has grown its portfolio to nearly 6,000 beds with a total capitalization of approximately $400 million.
The Social at Auburn is a garden-style community with a full range of desirable amenities and is located 1.5 miles from the Auburn campus and is served by the university’s bus system. Over the next two years, the property will undergo a comprehensive repositioning, including a complete rebranding of the property. Waypoint plans to invest approximately $3.7 million to substantially renovate the unit interiors and improve the exterior and common areas.“The Social at Auburn represents an opportunity to acquire a quality asset where we can leverage our comprehensive expertise and platform to increase the asset’s value,” said Jeremy Pemberton, Chief Acquisition Officer, Waypoint Residential. “This acquisition possesses the key attributes that we typically seek in a student housing property. The university has a substantial growth profile and is located in a tier-one market with an established purpose-built student housing presence.”
Rockland West is a garden-style community built in 2009 that features a newly renovated fitness center and clubhouse with a theater, gaming area, computer lab and fitness center. While a university shuttle bus provides residents with direct access to the campus, the property is also served by a private property shuttle. Waypoint intends to invest approximately $1 million to address deferred maintenance and complete the amenity and unit upgrade program that was initiated by the prior owner.During 2017, Waypoint also acquired a three-property, 1,382-bed portfolio from Starwood Capital Group for approximately $75 million. Serving top-tier universities with strong projected enrollment growth, the portfolio includes:
Chapel Ridge − a 544-bed, garden style, student housing property serving the University of North Carolina at Chapel Hill (UNC). Chapel Ridge is one of only seven purpose-built properties at UNC, all of which are located in an area with limited sites available for new development and a history of restrictive zoning for multifamily properties. Chapel View − a 358-bed, garden style, student housing community adjacent to Chapel Ridge. The property is served by three bus lines that provide direct access to the campus and surrounding area.
Together, Chapel Ridge and Chapel View account for nearly 40% of the purpose-built student housing properties currently available at UNC Chapel Hill. UNC is the flagship of the University of North Carolina system and was ranked the country’s 5th best public university in 2017. Additionally, UNC benefits from one of the most recognizable athletics program in college sports.

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Catella Wohnen Europa fund acquires ten German portfolio properties for EUR 118 million

Posted by fidest press agency su venerdì, 28 aprile 2017

Xavier JongenThe acquired portfolio has properties in the metropolitan regions of Düsseldorf, Hamburg and Frankfurt, as well as in Göttingen and Reutlingen. The portfolio’s diversified nature across primary cities, university cities and major regional centres is the reason for its attractiveness. “This acquisition is very important, because it increases the assets under management of Catella Wohnen Europa fund to approximately EUR 450 million after only one year. It also gives the fund a large proportion of portfolio properties in Germany and this will help stabilise the fund’s performance and provide room for further international expansion,” says Xavier Jongen, head of Catella’s initiative in residential property funds.Occupancy across all properties stands at 99%, reflecting the portfolio’s positive aspects. The ten properties consists of 1,041 residential and 14 commercial units, comprising in total more than 62,000 m². All the buildings in the portfolio are in good to very good condition.“We have acquired an established portfolio with a stable cash return in one of the most attractive property segments. By making more than EUR 100 million available for this project, our investors have shown immense trust in our work,” explains Markus Wiegleb, portfolio manager at Catella. (photo: Xavier Jongen)

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Catella’s asset management launches new property investment company

Posted by fidest press agency su sabato, 3 dicembre 2016

catella10Newly established investment company CTV Properties AB has bought a diversified logistics and light industrial property portfolio in Finland. The portfolio consists of 29 properties in both Helsinki and other growth regions of Finland, with in total 103,000 square metres of floorspace. Catella’s asset management sourced the deal, acted as structurer including arranging the financing, and will manage the company. Catella Bank conducted the capital raising, and 93 private investors and institutions have invested in the company, with Sampo Group as anchor investor. This is part of Catella’s strategy to offer Catella Bank’s wealth management clients unique investment opportunities in several countries with different risk profiles within the property sector.“It is very rewarding to see how our strategy is being put into practice through cooperation between our asset management in property and our wealth management within Catella Bank. We smoothly executed the demanding and complex process, and our goal is to create substantial value for the investors in the future management and exit processes,” say both Timo Nurminen, Head of Catella’s Property Investment Management operations, and Tord Topsholm, Managing Director of Catella Bank, in a joint statement on the deal. Catella’s asset management unit in Finland sourced the deal, acted as structurer including arranging the financing, and will manage the company and execute the business plan. “Our asset management team in Finland has executed more than 120 single-asset disposals in the local markets in addition to several portfolio deals during the past four years. The strategy with CTV is to create value for the investors through active management to improve current cash flows, and to utilise the high demand for single-asset disposals,” says Timo Nurminen.Catella Bank acted as a distributor of the equity, and the investor base consists of the Finnish institution Sampo Group as anchor investor and a broad spectrum of Catella Bank’s clients in Sweden and Luxembourg. “This is the fourteenth capital raising project that Catella Bank has successfully executed during the past two years. There is large demand among our clients for investments in high-quality real estate projects. In this project, the book running started on October 31 and was closed after two days due to large over subscription of the share issue.” says Tord Topsholm.

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Catella financial advisor to MaxFast Properties

Posted by fidest press agency su mercoledì, 29 giugno 2016

Britt-Marie NymanCatella has acted as advisor to MaxFast Properties AB (publ), both in connection with a capital raising of Robert Fonovichapproximately SEK 210 million and for listing of the company’s shares on First North at Nasdaq Stockholm.“We are very pleased to once again present a growth-oriented and cash-flow driven property company to the market. Thanks to Catella’s strong position in both the capital and real estate markets, we have been able to conduct capital raising and property advisory,” says Robert Fonovich, head of Catella’s Swedish Corporate Finance operations.The real estate portfolio of MaxFast Properties consists mainly of properties for consumer discretionary retailing in strong local positions in small and medium-sized municipalities. The property value amounts to approximately SEK 700 million. The proceeds of the share issue are being used to both change the capital structure and for new acquisitions, some of which are already agreed. The aim is to achieve a property value of one billion kronor within a year, made possible by the share issue. The next goal is to achieve two billion within three years.“Catella has assisted MaxFast throughout the process leading to the company’s listing on First North. The project has included everything from structuring, capital raising and IR advice to assistance with the listing process, which demonstrates the breadth of our expertise,” says Britt-Marie Nyman, who is responsible for Capital Markets within Catella’s Corporate Finance operations.
Nasdaq Stockholm has approved MaxFast Properties for listing on First North. The first trading day is today 29 June 2016. Catella’s Corporate Finance unit has acted as financial advisor and Catella Bank Filial as bookrunner. (photos: Britt-Marie Nyman, Robert Fonovich)

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Miami Mid-Market Properties Post Double-Digit Sales Growth in 1Q

Posted by fidest press agency su mercoledì, 11 Mag 2016

miamiMIAMI — Mid-market single-family homes and condominiums registered double-digit sales growth as prices for all Miami existing properties rose for the 17th consecutive quarter, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the local Multiple Listing Service systems.The $200,000 to $600,000 single-family home sector posted a 10.6 percent year-over-year sales increase in the first quarter of 2016. The sector, which comprised 59.5 percent of all Miami single-family closed sales last quarter, had 1,765 sales in 1Q 2016 versus 1,596 in 1Q 2015. In existing condos, the $150,000 to $300,000 price range registered a 12.8 percent sales increase, growing from 1,148 to 1,295. The sector comprised 38.9 percent of all existing condo closed sales last quarter.“Miami real estate priced in the mid-market continues to be a major attraction for home buyers from all over the world,” said Mark Sadek, the 2016 MIAMI Chairman of the Board. “Today’s historic-low mortgage rates and South Florida’s diversified and growing job market are encouraging more consumers to purchase property in one of America’s most dynamic cities.” According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 3.74 percent for 1Q 2016, slightly up from the 3.72 percent average recorded during the same quarter a year earlier.Total existing Miami-Dade County residential sales — which posted a record year in 2013 and near record years in 2014 and 2015 — declined 8.9 percent year-over-year in the first quarter of 2016, from 6,908 sales to 6,294.
Single-family home sales — which have posted three consecutive years of record sales — declined 6.8 percent in 1Q 2016, from 3,184 to 2,968. Existing condo sales fell 10.7 percent, from 3,724 to 3,326. Existing condos are competing with a robust new construction market, which continues to add inventory.The median price for single-family homes in Miami-Dade County increased to $275,000 in the first quarter, a 10 percent jump from $250,000 in the same period last year. The median price for existing condominiums increased 4.3 percent year-over-year from $198,000 to $206,450.All Miami-Dade County residential properties have now seen 17 consecutive quarters of price growth, a span stretching more than four years. Despite the steadfast growth, Miami prices remain at 2004 levels.Miami’s residential properties remain more affordable than other global cities, according to the National Association of Realtors 2015 Profile of Home Buying Activity of International Clients. NAR analyzed the cost of a 120-square meter condo in a number of foreign cities based on prices reported in the Global Property Guide. A 120-square meter condo in Miami-Fort Lauderdale-Miami Beach cost $149,900 on average. The price for the same condo in London ($960,840), Hong Kong ($776,280), and New York ($1.6 million) were at least five times higher.Nationally, the median existing single-family home price in the first quarter was $217,600, up 6.3 percent from the first quarter of 2015 ($204,700), according to NAR. The national median existing-condo price was $204,700 in the first quarter, up 5.8 percent from the first quarter of 2015 ($193,500).Statewide, the median sales price for single-family existing homes in 1Q 2016 was $203,500, up 11.8 percent from the same time a year ago, according to Florida Realtors. The Florida median price for condos during the quarter was $153,000, up 5.5 percent over the year-ago figure.Nationally, total existing-home sales for single-family and condominiums rose 1.7 percent to a seasonally adjusted annual rate of 5.29 million in the first quarter from 5.20 million in the fourth quarter of 2015, and are 4.8 percent higher than the 5.05 million pace during the first quarter of 2015, according to the National Association of REALTORS®.Statewide, closed sales of single-family homes statewide totaled 57,913 in 1Q 2016, slightly up (0.3 percent) over the 1Q 2015 figure, according to Florida Realtors. Florida’s townhome-condo market totaled 24,534 during 1Q 2016, down 6.1 percent compared to 1Q 2015.
Seller confidence in Miami’s housing market continued to expand in the first quarter. Miami real estate had 20,446 active listings in the first quarter, a 13.3 percent increase from the 18,046 listings at the same time last year.The inventory for single-family homes increased 8.2 percent, from 6,004 to 6,494. Miami existing condo inventory grew 15.9 percent, from 12,042 to 13,952.The Miami single-family home sector is in a seller’s market, while existing condos are in a buyer’s market. At the current sales pace, the number of active listings represents 5.7 months of inventory for single-family homes and 10.8 for condominiums. A balanced market between buyers and sellers offers between six and nine months of supply inventory.
The median time to contract for single-family home listings was 59 days, a 15.7 percent decrease from 70 days in 1Q 2015. The median time to contract for existing condos was 72 days, a 10 percent decrease from 80 days in 1Q 2015.The median number of days between the listing date and closing date also declined for all properties. The median time to sale for single-family homes decreased 7.1 percent, from 126 days to 117. The median time to sale for existing condos fell 4 percent, from 125 days to 120.Miami continues to register more than double the U.S. average of residential cash buyers. About 51 percent of Miami closed sales in the first quarter of 2016 were all cash. About 25 percent of U.S. home properties are made in cash, according to the latest NAR statistics. About 56.4 percent of all Miami housing transactions were made in cash in 1Q 2015.Statewide, cash sales represented 43 percent of all closed sales in the first quarter of 2016, down from 49.5 percent during the same period last year.About 65.3 percent of all Miami existing condo sales are made in all-cash. In the single-family sector, about 35 percent of all transactions are made in cash. The high percentage of cash buyers reflects Miami’s top position as the preeminent American real estate market for foreign buyers, who tend to purchase with all cash.

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Miami Residential Market Accounts for $1 Billion in Total Sales in March

Posted by fidest press agency su giovedì, 21 aprile 2016

miami1Miami-Dade County residential properties registered nearly $1 billion in sales in March as existing single-family homes posted robust price gains, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and Multiple Listing Service (MLS) system.The median sales price for single-family existing homes rose 7.7 percent year-over-year in March 2016, from $260,000 to $280,000. The median sales price for existing condominiums decreased 2.6 percent to $209,500 from $215,000. Miami-Dade County existing condo prices have risen in 56 of the last 58 months. Miami prices remain at 2004 levels despite four years of increases.“After five years of record sales activity, the Miami real estate market continues to post strong sales in key price points,” said Mark Sadek, a Coral Springs Realtor and the 2016 MIAMI Chairman of the Board. “Existing single-family homes and condominiums in the mid-price ranges registered double-digit sale increases in March. Almost 50 percent of all Miami transactions continue to be all-cash, a sign home buyers are committed and invested in the market.” Total existing Miami-Dade County residential sales — which posted a record year in 2013 and near record years in 2014 and 2015 — decreased 8.9 percent year-over-year from 2,706 to 2,465 last month.Miami-Dade County single-family home transactions decreased 5.8 percent in March, from 1,240 to 1,168. Existing condominium sales — which declined 11.5 percent, from 1,466 to 1,297 — are competing with a robust new construction market, which continues to add inventory.An 8.5 percent drop in distressed sales also contributed to the lower sales activity. Only 19.5 percent of all closed residential sales in Miami were distressed last month, including REO (bank-owned properties) and short sales, compared to 28.0 percent in March 2015. In 2009, distressed sales comprised nearly 70 percent of Miami sales.Short sales and REOs accounted for 3.2 and 16.2 percent, respectively, of total Miami sales in March 2016. Short sale transactions dropped 47.0 percent year-over-year while REOs fell 34.1 percent.Nationally, distressed sales fell to 8 percent in March, down from 10 percent a year ago, according to the National Association of REALTORS® miami(NAR).Total Miami residential properties combined for $996.5 million in total sales volume in March 2016, about 15.1 percent lower than the $1.173 billion sold during the same month last year. The aforementioned sales volume does not include the strong new construction condo sales figures.The single-family market registered an 8.6-percent decrease in total dollar volume in March 2016, posting $537 million in sales compared to $587.8 million last year. Existing condominiums posted $459.5 million in total dollar sales, a 21.6 percent decline from $586 million in March 2015 but does not include new construction condo sales figures.Middle-market Miami homes are seeing a spike in the number of sales. Single-family homes priced between $200,000 and $600,000 saw a 9.6 percent year-over-year increase in March, growing from 644 to 706. The sector represented 60.4 percent of total Miami single-family home sales in March 2016.
Existing condos priced between $150,000 and $250,000 saw a 14.0 percent-rise in sales in March, increasing from 363 transactions to 414. This sector represented 31.9 percent of total existing Miami condo home sales in March 2016.Miami real estate remains a bargain worldwide. A 120-square meter condo in Miami-Fort Lauderdale-Miami Beach cost $149,900 on average, according to NAR. Prices for the same condo in London ($960,840), Hong Kong ($776,280), and New York ($1.6 million) are at least five times higher.Historic-low mortgage rates should continue to attract future buyers. According to Freddie Mac, the average commitment rate for a 30-year, conventional, fixed-rate mortgage was 3.69 percent in March, the eighth consecutive month below 4 percent.
miamiThe median number of days between the listing and contract dates for Miami single-family home sales fell 18.4 percent year-over-year to 62 days. The median number of days between the listing date and closing date for single-family properties dropped 12.2 percent to 115 days.For condos, the median time to contract decreased 12.8 percent year-over-year to 68 days. The median number of days between the listing date and closing date decreased 4.9 percent to 117 days.Miami real estate is selling close to listing price. The median percent of original list price received for single-family homes was 95.1 percent in March 2016, an increase of 0.3 percent. The median percent of original list price received for existing condominiums was 93.8 percent, the same as last year.
In addition to competing sales from new construction units, the lack of access to mortgage loans is also impacting existing condominiums. Of the 8,523 condominium buildings in Miami-Dade and Broward Counties, only 23 are approved for Federal Housing Administration loans, down from 29 last year, according to statistics from the Florida Department of Business and Professional Regulation and FHA.A new FHA policy should qualify more South Florida condo buildings. On Nov. 12, the FHA announced plans to streamline the condominium recertification process, expand its definition of acceptable owner-occupied units to include second homes not owned by investors and change the way it views co-insurance clauses. The government affairs team of the MIAMI Association of REALTORS® advocated for the changes and continues to monitor and support increased condominium recertification.Nationally, sales of existing single-family homes, townhomes, condominiums, and co-ops jumped 5.1 percent to a seasonally adjusted annual rate of 5.33 million in March from a downwardly revised 5.07 million in February, according to NAR.Statewide, closed sales of existing single-family homes totaled 23,758, remaining relatively the same (down 0.6 percent) from March 2015, according to Florida Realtors. Florida’s condominium sales totaled 10,076 last month, down 7.1 percent compared to March 2015.
The national median existing-home price for all housing types in March 2016 was $222,700, up 5.7 percent from March 2015 ($210,700). March’s price increase marks the 49th consecutive month of year-over-year gains.The statewide median sales price for single-family existing homes last month was $209,500, up 10.3 percent from the previous year, according to Florida Realtors. The statewide median price for townhouse-condo properties in March was $155,000, up 3.3 percent over the year-ago figure.
Miami cash transactions comprised 48.6 percent of March total closed sales, compared to 54.0 percent last year. Miami cash transactions remain about double the national average of 25 percent. Miami’s high percentage of cash sales reflects South Florida’s ability to attract a diverse number of international home buyers, who tend to purchase properties in all cash.Condominiums comprise a large portion of Miami’s cash purchases as 64.1 percent of condo closings were made in cash in March compared to 31.4 percent of single-family home sales.Inventory of single-family homes increased 8.2 percent in March from 6,494 active listings last year to 6,004 last month. Condominium inventory increased 15.9 percent to 13,952 from 12,042 listings during the same period in 2015.
There is a 5.7-month supply of Miami single-family homes, an increase of 9.6 percent from March 2015, which indicates a sellers’ market. There is a 10.8-month supply of condominium inventory, a year-over-year increase of 21.3 percent, which indicates a buyers’ market. A balanced market between buyers and sellers offers between six and nine months supply of inventory.Total active listings at the end of March increased 13.3 percent year-over-year, from 18,046 to 20,446. Active listings remain about 60 percent below 2008 levels when sales bottomed.New listings of Miami single-family homes increased 6.5 percent from 1,823 in March of last year to 1,942 last month. New listings of condominiums decreased 1.6 percent to 2,683 last month, compared to 2,726 during the same time period in 2015.
Nationally, total housing inventory at the end of March increased 5.9 percent to 1.98 million existing homes available for sale, but is still 1.5 percent lower than a year ago (2.01 million). Unsold inventory is at a 4.5-month supply at the current sales pace, up from 4.4 months in February.
Miami’s preconstruction condo market is in a better position today compared to the previous boom. Today, most Miami preconstruction condo developers require a 50-percent cash deposit on new units. The deposit is not only one of the highest in the United States but is significantly higher than the 20 percent required during the last real estate cycle. The large all-cash deposits are a strong sign home buyers are committed to the Miami market.Developers are also being cautious not to overbuild. About 85 percent of condos under construction in downtown Miami are sold, according to Integra Realty Resources and the Miami Downtown Development Authority. Downtown Miami has about 7,200 units under construction, a considerably smaller number than the 18,500 the area had under construction in 2006.Strong sales in the Miami preconstruction condominium market east of Interstate 95 continue to reflect significant demand for new properties, according to a March 21 report from preconstruction condo projects website Cranespotters.com and MIAMI.Forty towers with 719 floors and 3,770 units have been completed in Miami-Dade County east of I-95 in the five years since 2011. There are 79 towers with 1,829 floors and 11,726 units under construction in Miami east of I-95. About 53 towers with 1,252 floors and 7,331 units are planned, but have not begun development.

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Catella: Demand for office properties drives purchase prices in Germany

Posted by fidest press agency su giovedì, 11 febbraio 2016

Thomas Beyerle CatellaStrong demand for office properties – particularly from international investors in the top locations – means a further increase in purchase prices. “B” and “C” locations are also seeing this trend, in some cases with a delay. Rents are rising and yields continue to fall. However, the gap between the change in rents and purchase prices is becoming measurably bigger. Overall, office markets in 2016 promise a balanced risk-return profile. The analysis of 76 German office markets in the categories “A” to “D”, presented today by Catella, reveals a uniform picture: the persistent strong demand for German office properties continued to drive prices up over the past twelve months. This development is tracking a strict location-based hierarchy. Peak yields in the seven analysed “A” locations (Munich, Berlin, Hamburg, Frankfurt, Stuttgart, Cologne and Düsseldorf) have fallen by around 45 basis points over the past twelve months. During the same period, the decline in the twelve analysed “B” locations was just 21 basis points, i.e. only half as much. At the 31 analysed “C” locations, a decline of 14 basis points was recorded. There was no change in price noticeable at any of the 26 analysed “D” locations.“This apparent textbook trend is, however, bucked by the development in rents. The largest percentage increase in rent can currently be observed in the “B” locations. Put another way, the positive overall economic development appears to be having a greater effect here than in the “A” and “C” locations,” says Dr Thomas Beyerle, Head of Group Research at Catella.“We expect yields to continue falling in 25 of 77 locations; we anticipate increases in rents at a total of 25 locations in 2016. The highest level of rent being paid is currently in Frankfurt (€38.50/m2), the lowest in Schwerin (€8.50/m2). As is traditional, Munich once again recorded the lowest peak yield, at 3.8 %, while the highest value recorded in this market segment was reached in Solingen, at 8.7 %,” Dr Beyerle continues.The risk-return profile for Germany at the beginning of 2016 continues to fit well into the vision and purchasing profile of national and international investors. Although purchase prices have generally increased, this does appear to have a fundamental economic basis. Similarly, the run on “B” locations is by no means a nationwide phenomenon.“The philosophy of investors at the moment appears to be investment discipline combi
ned with clearly defined asset management measures. Furthermore, large portfolio transactions are so far missing,” Dr Beyerle adds.

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Against viruses

Posted by fidest press agency su sabato, 24 ottobre 2009

London. Non Adherent dressing is effective against viruses, fungi and over 150 strains of clinically relevant microorganisms in vitro, including MRSA, MRSE and VRE. Ongoing antimicrobial protection has been proven by a sustained and balanced release of silver ions within simulated wound fluid for up to seven days in vitro.. In Vitro properties of an Antimicrobial Silver Hydro-Alginate Dressing with a Novel Non-Adherent Layer for use on Wounds. Rachael Clark PhD.Systagenix Wound Management. Poster presented at EPUAP Amsterdam, Sept 2009. Notes to Editors: Portfolio Details Professional Advanced Wound Care Products: ACTISORB(R) Activated Charcoal Dressing with Silver – helps to manage infection through its unique mode of action that traps and kills bacteria and eliminates malodors. The first commercialized silver dressing available at the time of its launch in 1980. The safety and efficacy of ACTISORB(R) Dressings is now supported with published clinical evidence in over 13,000 patients. ADAPTIC(R) Non-Adhering Dressing – helps to protect regenerating tissue and minimizes patient pain and trauma during dressing changes. INADINE(R) PVP-I Non-Adherent Dressing – a topical wound dressing impregnated with an ointment containing 10% povidone iodine is indicated for the management of ulcerative wounds and may also be used for the prevention of infection in minor burns and minor traumatic skin loss injuries NU-GEL(R) Hydrogel with Alginate – a transparent hydro active amorphous gel containing sodium alginate creates a moist wound-healing environment, which assists with natural autolytic debridement and desloughing of wounds. PROMOGRAN(R) Matrix Dressing – a unique, clinically proven combination of collagen and oxidized regenerated cellulose (“ORC”); facilitates tissue granulation through modulation of the wound environment. PROMOGRAN PRISMA(TM) Balancing Matrix Dressing – combines collagen and ORC with an optimal level of silver; helps restore the normal wound-healing environment by reducing bacterial levels without causing harm to host cells. REGRANEX(R) (becaplermin) Gel 0.01% – a gel containing recombinant human platelet derived growth factor; the first and only growth factor approved for clinical use in the U.S. and Europe to heal and close lower extremity diabetic neuropathic ulcers. (Abstract from Systagenix)

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