Plans for $75m shopping village in Cannon Hill

first_imgA high street shopping village at Cannon Hill is a step closer to reality as developer Anthony John Group prepares the next stage of its $600 million East Village project.A development application has now been lodged for a new $75 million retail and residential precinct consisting of three, six-storey buildings.Set for release mid-2016, the stage will include the first 1000sqm of retail space, along with 140 one, two and three-bedroom apartments.The project will be built around five kilometres from Brisbane’s CBD.A development application has been lodged for the next stage of the East Village project.The latest residential stock will include two and three-bedroom ground-floor terrace apartments, secure underground parking and 1200sqm of landscaped parkland.Designed in conjunction with Cox Rayner Architects, the buildings are deliberately separated to allow light and breezes to flow freely between the spaces with access for pedestrians linking the park and high street.Anthony John Group CEO Shane Bulloch says buyer interest in the project is strong.The proposal includes 140 one, two and three-bedroom apartments.The current $42 million residential release, The Quarters, is already sold out and due for completion mid-May.“The first two releases sold out well in advance of completion and we are encouraged by the continuing strength of public interest,” Bulloch says.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 investor9 hours ago“It demonstrates to us that East Village is meeting the demand for excellent quality lifestyle amenity and new apartment offerings in the area.“We are also pleased by what we can see happening within the development.“Renters are becoming buyers, buyers are referring friends and family, so there is a real community forming of people who have become passionate advocates for East Village.”On completion East Village will include shops, cafes, a cinema, up to 1,000 apartments and a hotel, transforming Cannon Hill into a destination hub.This story was originally published on Quest.last_img read more

Assets in Spezialfonds set to double over next decade, study predicts

first_imgAssets held by German Spezialfonds are likely to break through the “€2trn threshold” within the next 10 years, amounting to an annual increase of more than €80bn, according to a study by Kommalpha. As of July 2014, Spezialfonds assets stood at just over €1trn.New regulations set out in the Kapitalanlagegesetzbuch (KAGB) – through which the AIFM Directive was implemented in Germany – has driven much of the growth in demand for Spezialfonds. Among other things, it has established the Spezial-AIF – as Spezialfonds covering real estate and alternative assets are now called – for asset classes formerly covered by closed-end fund providers almost exclusively. They now must obtain a license to issue Spezial-AIF, or they must find a service provider – i.e. a Master KVG, or Service KVG, as they are sometimes known.Kommalpha said Spezialfonds would, in future, cover more asset classes but added that they would have to be made compatible with the investment vehicle – “risks have to be reassessed to fit the package”.This process is still “in its infancy”, and the need to obtain a new license, as well as commission a custodian, is creating a “pile-up of investments”, the researchers said.“The asset class ‘real estate’ – and with it, Immobilienspezialfonds – have led the way, and themes like infrastructure, agriculture and private equity, as well as further alternative investments, will establish themselves in the Spezialfonds field over the long term – after having faced several challenges,” Kommalpha said.In light of the new complexity in regulation and investments, as well as new asset classes being made more available for investors, the researchers predicted the use of Master KVGs would increase.While in 2008 Spezialfonds accounted for just over half of assets managed in structures previously known as Master KAG, this share has increased to 76% in 2014, among an almost unchanged sample when compared with six years ago.One of the challenges Kommalpha sees for Master KVGs is the “redundancy in services offered alongside custodians”, which will only serve to increase competition. Another trend noted in the survey is the specialisation of Master KVGs that cover only the real estate market, such as IntReal. Overall, one-third of the surveyed investors feels burdened by new regulatory requirements, which, they argue, ties up resources normally used for asset management, which, in turn, negatively impacts returns.Larger investors have called for greater freedom in investments and welcomed the prudent person principle introduced in Solvency II and IORP II.Smaller investors, however, have expressed concerns over by the complexity involved in creating their own structures.last_img read more

Pearson hails Ulloa

first_img He could have won it but fired wide with just Wojciech Szczesny to beat in the second half and gave Calum Chambers, a replacement for the injured Laurent Koscielny, a torrid time. And Pearson reckons the 28-year-old is ready for the top flight. “He has proved he has the capability to perform at this level and that’s key to it,” said Pearson. “He is a very good player anyway. Maybe people’s appreciation on what he brings to the side might be improving. “It was a tough game physically and he has taken his goal well. He’ll be disappointed not to finish the one in the second half, but it was a great bit of football and a super bit of skill.” Ulloa cancelled out Alexis Sanchez’s 20th-minute opener – his first Barclays Premier League goal for Arsenal – as Leicester spooked the Gunners with Jamie Vardy also going close at the death. The Foxes have drawn two and lost one of their opening three league games since promotion and Pearson believes they will improve. “We continue to show signs we are capable of adapting quickly. That’s really important and I know the players are capable,” he said. “Last year we dominated possession in the vast majority of games but this year we have had to adopt a different mentality. Press Association The striker bagged his second goal of the campaign when he equalised to claim a 1-1 draw against Arsenal on Sunday. It capped an impressive performance from the former Brighton man, who joined the Foxes in a club record deal over the summer. “It shows an understanding from the players and a willingness to work as a team.” Pearson included former Inter Milan midfielder Esteban Cambiasso on the bench after his move last week and also signed defender Danny Simpson from QPR on Friday. The manager is still looking for new players before Monday’s transfer deadline but refused to elaborate following accusations from Wigan last week they left James McArthur in limbo after agreeing a fee for the midfielder. He added: “It’s whether we can or can’t, forgive me for not indulging in speculation. I won’t be naming players as I never do, certainly in light of the story which broke on Thursday and the accusations which have been put our way. They need to look a little closer to home. “We don’t believe about talking too much about other people’s players. “If we do any more business you will know when it’s completed. If we don’t manage to do anything I’m very happy with the players we’ve already got.” Boss Nigel Pearson insists Leonardo Ulloa is already justifying his £8million price tag after a red hot start to the season.last_img read more

In Freiburg waiting for Mujdža’s “D-Day”!

first_img(Source: One of the standard Freiburg players in previous seasons, Mensur Mujdža, did not get much of a time to play this season.At the very beginning of another Bundesliga season, on the surprise of B&H Public and former coach Safet Sušić, Mujdža said that, according to the club, this season he will be in the 2nd plan.In the previous 27 rounds Mensur played only six times, and only once during all ninety minutes. It was a match against Hoffenheim, after which he began the game only one more time.Freiburg sports director, Klemens Hartenbach, praised Mujdža’s sports access and correct attitude towards the club regardless of difficult times in his career.“After injuries and break, he is finally ready, both physically and mentally. Now we are waiting for his ‘D-Day’ when he will, once again, become an important part of our team, “commented Hartenbach.Mujdža already stated on several occasions that he will be leaving Freiburg the next summer for sure, unless the situation changes drastically.last_img read more