Prime land sold for $5.5 million in booming southern corridor

first_imgBeaudesert property sells for $5.5 million.A NEW development is on the boil with Beaudesert Oasis Pty Ltd picking up some prime land for $5.5 million.Ray White Special Projects Mark Creevey and Tony Williams recently sold the 81.25 hectare site on Kerry Road, Beaudesert which has preliminary approval for residential development.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor8 hours agoMr Creevey said there was strong interest in the Beaudesert site, approximately one hour’s drive from Brisbane and the Gold Coast.“We had very keen interest from developers with a total of 58 inquiries and four offers received,” Mr Creevey said.“Beaudesert Oasis Pty Ltd was the successful purchaser of this gently undulating development site with a variety of outlooks.”Mr Williams said the property had preliminary approval for a material change of use and reconfiguration for lots for residential purposes.“This site is within the urban footprint of the South East Queensland Regional Plan and the Emerging Communities in Beaudesert Planning Scheme,” Mr Williams said.“Beaudesert is the administration centre for the Scenic Rim Regional Council and is within one of the fastest growing areas in South East Queensland.”last_img read more

Barings to focus on consistency in aftermath of Stanion departure

first_imgBaring Asset Management has said it intends to convey a sense of “consistency” after the departure of key multi-asset figure Percival Stanion.Stanion, alongside colleagues Andrew Cole and Shaniel Ramjee, are to leave after a combined 48 years of service with Barings to head up a new multi-asset offering at Swiss rival Pictet Asset Management.Stanion, who joined Barings in 2001 and led the company’s multi-asset offering, was known as a pioneer in the space, before announcing his defection to Pictet in early August.In response, Barings’ then CIO Marino Valensise moved over to become head of multi-asset to lead the flagship offering as clients reacted to Stanion’s departure. According to FE Analytics, a fund research portal, Barings’ multi-asset fund suffered net outflows of £364m (€465m) in August despite seeing average monthly net inflows of more than £50m in the previous six months.Valensise told IPE the company was now in the process of managing the transition from the old management team to the new.He said his new role would see take him full ownership of the multi-asset business and chair the strategic policy group, which dictates asset allocation.“We had a mixed reaction from the consultant base,” Valensise said, “with some deciding to stay and others deciding to leave because the change was a material one.“We are now meeting with a large number of clients directly to deliver our message, which is one of consistency.”He said the process would be ongoing for the next few months, but he said, with his experience as CIO and working in the strategic policy group and multi-asset team, he was confident.Barings has hired Ken Lambden, previously of UK-based rival Schroders, to take the helm as CIO after Valensise’s shift to head of multi-asset.However, Valensise said his transition away from CIO began before the announcement of Stanion’s departure.“After the opportunity [to be head of multi-asset] materialised, I was very interested,” he said. “I wanted to do something more linked to money management.“So, to some extent, this was an opportunity for me. I was already part of the asset allocation decision entity and hired most of the team members. So I call this an opportunity.”He said once client management had finalised, the multi-asset team would once again focus on maintaining its position within the market, while introducing new products and diversifying globally.“In the UK, we will just have to continue delivering investment performance,” Valensise said.“Going forward, we will be treating outgoing clients and remaining unit holdings fairly. We are keen to do a good job there.“However, the composition of the business tomorrow will be different to yesterday. In five years’ time, the multi-asset business will probably be more diversified and international.”The trio’s move to Pictet came after the heating up of the multi-asset and diversified growth fund (DGF) rivalry in the UK.Recent moves saw Standard Life Investments (SLI) lose several key personnel to rival managers, with staff moving to Invesco Perpetual to help launch a multi-asset offering.Key SLI-figure Euan Munro also left the Scottish manager to take up the chief executive role at Aviva Investors, which in turn also launched a DGF.last_img read more

AP7 gains 15.5% despite drag from active management

first_imgLong/short asset management had detracted from investment profits during the year to the tune of SEK5.5m (€576,000), while tactical allocation had knocked SEK23.6m off returns, AP7 reported, saying the latter was due to less exposure to global equities than the benchmark.However, the profit on private equity had offset the active management losses.AP7 figures showed Såfa outperformed the private PPM funds on offer, which returned an average 8.8% in 2016.AP7’s equities portfolio – the largest of its two building blocks for its pension products – returned 16.5% last year, which it said was in line with the benchmark.The return on the bond portfolio fell to 0.6% last year from 0.8% in 2015, and was 10 basis points below the benchmark.Total assets in the two funds grew to SEK343bn from SEK283bn.Richard Grottheim, the fund’s chief executive, said: “How the return will be in the next few years, no one knows. However, we know that the long run it can not be at the levels we have seen in recent years.”Sooner or later, the stock market would go down, he warned.“It will also affect AP7’s savers, and leverage will amplify the downturn, just as it strengthens the gains,” Grottheim added.He said AP7 continued developing its strategic equity portfolio last year, and would introduce the changes gradually over the next few years.One of the main aims was to boost diversification within AP7’s constraints, reducing risks for savers at age 65 and raising the minimum level of pensions in the system, he said.“We have also decided in the coming year to design a green mandate that invests in listed companies with activities that contribute to solutions to climate problems,” he said. Swedish national pension fund AP7 says active management dented its 2016 profits, despite posting a 15.5% return last year.AP7, which provides the default option in the country’s Premium Pension System (PPM), more than doubled its return relative to 2015’s figure in its key balanced pension product Såfa.In its annual report, AP7 said: “The fund’s positive development is explained by the rise on the global equity markets in 2016, which was intensified by leverage and also by the weakening of the Swedish krona.”However active management had proven a drag on performance, according to the report.last_img read more

Video: CorPower gearing up for Orkney’s waves

first_imgSwedish wave energy developer CorPower Ocean has released a video update on HiWave & HiDrive projects as it prepares to move its Stage 3 wave energy device from Stockholm to Orkney.CorPower Ocean is currently performing a structured verification of its large-scale wave energy converter by dry testing it in a rig in Stockholm, which will be followed by ocean deployment at the European Marine Energy Centre’s (EMEC’s) Scapa Flow test site in Orkney later this year.The company follows a structured five-stage verification process established as best practices for ocean energy technology by ETIP Ocean and Wave Energy Scotland.It involves step-wise validation of survivability, performance, reliability and economics starting with small scale prototypes in Stage 1, continued by sub-system testing and then fully integrated WECs in increasing scales up to array demonstration in Stage 5.The current Stage 3 program follows the prior testing of multiple prototypes in smaller scales performed in Portugal, France and Sweden since 2013, CorPower said.Stage 3 demonstration is supported by best practice from EMEC in Orkney, alongside the experience from offshore power generation company Iberdrola Engineering and EDP, the University of Edinburgh and WavEC Offshore Renewables’ expertise in cost and performance modelling.The Swedish Energy Agency, Wave Energy Scotland and InnoEnergy have invested €6.5 million in the Stage 3 program, with another €4 million contributed by the European Commission’s H2020 WaveBoost project.The design principle of CorPower’s device is inspired by the pumping principles of the human heart and offers five times more energy per ton of device compared to previously known technology, according to CorPower.Harvesting nature’s vast resource of energy contained in ocean waves sustainably and effectively could produce 2000-4000 TWh per year or 10-20% of worldwide electricity consumption, CorPower said.To remind, CorPower Ocean recently established a Scottish office to support device deployment and other activities in the area.last_img read more

Rotary Club 2020 VOSH Eye Care Mission. Patients urged to get pre-screened at Health Clinics

first_imgLifestyleLocalNews Rotary Club 2020 VOSH Eye Care Mission. Patients urged to get pre-screened at Health Clinics by: – November 28, 2019 Share Tuesday January 21st, 2020 Salybia Health CenterSalybia, Castle Bruce, San Soufriere Monday January 20th, 2020Marigot SDA ChurchMarigot, Wesley, and Calibishie Thursday January 23rd, 2020  Goodwill Parish HallRoseau 136 Views   no discussions Share Tweet DataMission LocationScreening clinic locations Sharing is caring! The Rotary Club of Dominica in collaboration with VOSH International and the Ministry of Health is once again preparing for the upcoming annual VOSH Eye Care Mission in Dominica. VOSH, which stands for Voluntary Optometric Services to Humanity, is an international voluntary organisation with various chapters based in the United States, to execute its mission to provide vision and quality eye health to people worldwide.The VOSH Michigan Chapter headed by Dr. Daniel Wrubel has organised eye care missions to Dominica for the past 25 years, facilitated by the Rotary Club of Dominica and the Ministry of Health. The VOSH 2020 mission will run from January 20th – 23rd, 2020.Those wishing to attend the VOSH clinics are advised that a ticketing system has been put in place to ensure the smooth flow of persons, and they must be pre-screened at their respective health cent ers prior to the mission to receive a ticket. A monetary contribution will be required from persons receiving glasses. Only persons that have been pre-screened and have the correct tickets will be allowed entry at the various clinics.The mission dates and clinics are as follows: Wednesday January 22nd, 2020 Goodwill Parish HallMassacre, Mahaut, Soufriere, Point Michel Sharelast_img read more

3 ‘drug peddlers’ fall in buy-bust

first_imgThe suspects were caught after they sold suspected shabu to an undercover cop for P1,000 around 2:50 a.m. on July 11, it added. Eleven sachets of suspected shabu weighing about 24 grams valued at around P164,000 were seized from residents  Joshua Canlas, 27; John Vincent Canlas, 20; and Greg Sause, 18, a police report showed. They were detained in the lockup cell of Police Station 2. BACOLOD City – Three suspected drug peddlers were nabbed in a sting operation in Barangay 2. Charges for violation of Republic Act 9165, or the Comprehensive Dangerous Drugs Act of 2002 will be field against them./PNlast_img

Performance Bodies giving nearly $25K in post-season awards to IMCA drivers

first_imgCertificates of the same value go to second through 10th place drivers in both the Karl Kustoms Northern SportMods and Smiley’s Racing Products Southern SportMods, and to rookie of the year runner-up in both divisions. “Performance Bodies has made a subtle change to the value of their program this year, going with a dollar value in MD3 products rather than specifying the product award to year-end winners,” noted IMCA Marketing Director Kevin Yoder. “This adjustment allows for more flexibility for racers to really order what they need rather than receive a product they already have. It is a great change and just another way Performance Bodies really meets the needs of IMCA racers in any division.” MD3 product certificates worth $179 and $145 go to the national Stock Car rookie of the year and the national Hobby Stock rookie of the year, respectively. The Cedar Falls, Iowa, high performance au­tomotive parts distributor and race car body manufacturer gives nearly $25,000 in product certificate awards to competitors in seven divisions, while returning to national de­cal programs for IMCA Modifieds and IMCA Sunoco Hobby Stocks and as primary sponsor for IMCA Sunoco Late Model and IMCA Sunoco Stock Car rookie of the year programs. CEDAR FALLS, Iowa – Performance Bodies’ 38th season of sponsorship will be another special one for IMCA competitors. Performance Bodies awards will be presented during the IMCA national banquet in November or mailed be­ginning the following week from the IMCA home office. Information about Performance Bodies products is available calling 800 722-4641, at the website and on Facebook. Top five drivers in national Late Model points and the rookie of the year in that division each get MD3 product certificates valued at $418.center_img Performance Bodies gives $179 MD3 product certificates to top 10, 15th and 20th place drivers in both Stock Car regions. Gift cards for $100, $50 and $50, respectively, go to the top three drivers in national Mach-1 Sport Compact point standings.  Each of the top 10 drivers, plus 15th and 20th place finishers in the two Hobby Stock regions receive $145 MD3 product certificates. MD3 product certificates good for $169 go to second through seventh place drivers in point standings, as well as the second, third and fourth-place drivers in rookie of the year standings in each of the five regions for Modifieds. “Performance Bodies is proud to be a sponsor of IMCA for over 38 years,” said Brian Gerst. “We are honored to be involved with a program that gives back to the racers. We look forward to many more years of partnership with IMCA and the racing community.” last_img read more

Europa League: Arsenal dismantle 10-man Eintracht Frankfurt

first_imgRelatedPosts EPL: Gunners survive West Ham scare Saka tops PFA Player of the Year shortlist Arteta: I won’t force Bukayo Saka to play for Nigeria, England Arsenal got their Europa League campaign off to a winning start with a 3-0 win over Eintracht Frankfurt in Germany on Thursday.Joe Willock’s deflected strike looped over a stranded Kevin Trapp in the first half before late goals from Bukayo Saka and Pierre-Emerick Aubameyang handed the Gunners all three points in their first game of this season’s competition.Dominik Kohr was sent off in the 79th minute for a second yellow card after he caught the lively Saka’s heels, giving Arsenal the advantage in Group F.The first half was an open affair, with Saka – one of a number of youngsters starting the game – playing Lucas Torreira into the box inside the first five minutes, but the Uruguayan blazed over the bar when he should have scored.Saka played the central midfielder in down the left and he charged into the box before cutting inside and seeing his shot loop over Trapp and go in off the crossbar.Granit Xhaka also rattled the bar early in the second half when his cross from a free-kick on the right sailed over everyone and pinged back off the woodwork.Frankfurt midfielder Kohr picked up a second booking in the 79th minute for a tired challenge on Saka, who had drifted past him, and the hosts collapsed after going down to 10 men.Aubameyang produced a glaring miss in the 83rd minute, somehow diverting Chambers’ low cross wide at the back post with the goal gaping, but it would not matter.Emiliano Martinez, making his first appearance of the season, was a reliable presence in goal throughout and set Saka on his way to score the Gunners’ second goal of the night, curled beautifully into the corner from outside the box after a pass from substitute Nicolas Pepe. Tags: Bukayo SakaEintracht FrankfurtPierre Emerick Aubameyanglast_img read more

Cabaye targeting trophies at PSG

first_img The France midfielder has penned a three-and-a-half-year contract at the Parc des Princes, returning to his homeland from Premier League side Newcastle. And he said at a press conference screened live on his new club’s website: “I am very, very happy to return to France. PSG’s recruitment since the investment of Al Khelaifi’s Qatari consortium has been cosmopolitan, with Cabaye linking up with the likes of Sweden’s Zlatan Ibrahimovic, Uruguay striker Edinson Cavani and Brazilian Thiago Silva. And Al Khelaifi said: “I have said before, PSG will try to bring in French players. That is very important for us but it was not the reason for signing Yohan. The first reason is his talent. “I hope, and I am very confident, that Yohan will be very strong for us in the league and the Champions League.” Cabaye joined Newcastle from Lille for £4.3million in June 2011 and established himself as a key player with his box-to-box probing and long-range shooting ability. In his first season he flourished alongside Cheick Tiote and helped Alan Pardew’s men finish fifth – the club’s first top-10 finish since 2004 – and earn a Europa League place. Last season Newcastle finished 16th but Cabaye was still a target for Arsenal in the summer and sat out Newcastle’s season opener at Manchester City as Pardew decided he was not in the right frame of mind to play. The Magpies turned down Arsenal’s “derisory” bid believed to be in the region of £10million and, after missing further games against West Ham and Morecambe, Cabaye returned to the line-up and apologised to fans for the confusion. He said at his unveiling in Paris: “It was difficult to accept at first but in the end it was a good decision.” Cabaye thanked Newcastle – for whom he made 79 Premier League appearances, scoring 17 goals – for allowing him to follow his heart to Paris. “I had two and a half extraordinary years there and discovered the Premier League with them,” he said. “The league is so difficult that we struggled to get into the Champions League. We had a common agreement (that he could leave). “Last summer it didn’t happen but the opportunity came up this time and they respected what my heart wanted. I thank them for that.” A Newcastle statement read: “The club wanted to keep him but the lure of Champions League football and the prospect of being involved in the sporting project at PSG was an opportunity that Yohan made very clear to us he wanted to take. “Yohan leaves the club with our best wishes for his future at PSG and, hopefully, as part of the French national squad for this summer’s World Cup.” That will depend upon whether he can break into a PSG midfield already boasting the talents of international colleague Blaise Matuidi, Thiago Motta, Marco Verratti, Lucas Moura and Javier Pastore. But he said: “I took a risk leaving Lille to join Newcastle before (Euro 2012) and it is the same thing this time. “I am confident in what I can do but I know I am arriving at a big club, they have good players at each position and the midfield is very good. “I want to show I am at that level. I will give my maximum, the coach did not give me any guarantees.” His first chance could arrive against Bordeaux on Friday and he said: “I am ready and in form, no problem. “I am desperate to start in the team and to represent Paris St-Germain. I hope to to be able to play on Friday night.” Yohan Cabaye has set his sights on silverware after signing for Paris St-Germain. “The offer from Paris St-Germain was hard to refuse, I want to win titles and PSG offer me that so it is an ideal club. I did not hesitate. “I am proud to have a chance to be a part of this ambitious project, to have the opportunity to win titles and play in the Champions League. “The priority for me was the opportunity to win titles, quite simply. That was the biggest thing.” Managed by former France coach Laurent Blanc, PSG – who last season were crowned French champions for the first time since 1994 – are on course to retain their title as they boast a three-point lead over second-placed Monaco, with Lille 10 points back in third. They are also through to the last 16 of the Champions League, where they will face Bayer Leverkusen, and in the Coupe de la Ligue semi-finals. PSG had a £14million bid for Cabaye rejected by the Magpies on Sunday but the Ligue 1 champions have now secured the services of the 28-year-old. Neither club have revealed the price final tag for Cabaye – with Newcastle announcing the sale for “an undisclosed fee” on their website – but reports in France on Wednesday suggest PSG have paid in the region of £20million. Club president Nasser Al Khelaifi said: “I am very happy to give a player with Yohan’s talent the chance to return to France.” Press Associationlast_img read more

Ireland hire Chaminda Vaas as consultant bowling coach

first_img Press Association Ireland have acquired Chaminda Vaas’ expertise as a consultant bowling coach for their ICC World Twenty20 campaign in India. The 41-year-old said: “I’m very excited to be joining the backroom staff of the Ireland team. “There’s a lot of talent and experience in the squad, which I’m confident I can add to. “I’ve played with and against some of the guys during my time in county cricket with Middlesex and Northamptonshire. “I’m relishing the prospect of sharing the knowledge and experience I’ve picked up during my 20-plus years in the game.” Ireland head coach John Bracewell added: “It’s great to have Chaminda with us through the build-up as well as during the T20 ‘World Cup’. “I have long been an admirer of his skills – and like all the Sri Lankan cricketers of his era, he was a great problem solver. “His ability to get wickets in all forms of the game, especially on the sub-continent, was extraordinary. “This experience will be invaluable to our bowling group.” Ireland face Bangladesh, Oman and Netherlands in the first round in India. The group winners will qualify for the Super 10 phase in which they will meet India, Pakistan, Australia and New Zealand. center_img Vaas, renowned as a highly-skilled seam-and-swing bowler in his 15-year career for Sri Lanka and a world-record holder for his one-day international figures of eight for 19 against Zimbabwe, will join Ireland’s preparations for the global tournament early next month. Ireland are hoping his knowledge of sub-continental conditions will help them qualify to take on the world’s best teams in the second stage of the multi-nation event. last_img read more