Office owners reap rewards for Gold Coast facelifts

first_imgThe Gold Coast’s office market is continuing to improve, with signs that the refurbishment of existing buildings is providing lucrative opportunities for investors and developers.A report from Herron Todd White highlights that there have been numerous refurbishments of existing office buildings in the region that have generated positive returns.The report notes the refurbishment of the building at 16 Queensland Ave, Broadbeach, which was purchased for $6 million in 2012, with a “reasonably significant” upgrade subsequently undertaken at a cost of $800,000 to modernise the lift and internal floor space.Read full story on Commercial NewsMore from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North12 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agolast_img read more

German investment association gives cautious welcome to new tax law

first_imgGermany’s investment association (BVI) said the tax-law amendments were going “in the right direction”.BVI chief executive Thomas Richter said the fact taxation laws for Spezialfonds would, in principle, remain the same now meant they would “remain attractive from a tax viewpoint”.He added, however, that “the administrative burden has to be lowered, and it needs some corrections to some details”.Another potential burden for institutional investors is the narrowing of the definition of “securities” under the tax legislation.If the draft goes through in its current form, alternative investments such as infrastructure might become less attractive for institutional investors.Investment associations and industry groups, however, are still negotiating further changes.The BVI also welcomed that the government appeared to have followed its advice to include German retirement funds for certain professions such as lawyers or doctors – known as Versorgungswerke – among ‘preferential’ investors.‘Preferential investors’ – which also include Pensionskassen and so-called Unterstützungskassen, another retirement provision vehicle – can get a refund on the 15% tax now being introduced on certain domestic profits made in fund investments such as dividends, rental income or the sale of real estate.  For more on Germany’s amended tax reform law, look out for the April issue of IPE magazine The latest draft of Germany’s new investment tax law, approved by the government earlier this week, sees improvements for Spezialfonds but also further limitations for institutional investors.The new law (InvStRefG) is to replace the old investment tax legislation, which had to be amended following the implementation of the AIFM Directive in Germany via the so-called Kapitalanlagegesetzbuch (KAGB).Last year, two different drafts of the law called for the introduction of taxation on certain derivatives gains in Spezialfonds.The government has now removed that proposal from the draft it will present to Parliament in the coming weeks.last_img read more

Nathan Ake delighted with Man City winning debut

first_imgread also:Lampard drums support for Kepa after ‘clear mistake’ against Liverpool“Obviously in the second half, they came out a little bit more and made it more difficult. When they got the goal we had to stay strong and defensively good and we got that in the end.“[In the second half] they pressed us a little bit higher, they were more direct, they tried to get balls and crosses in the box.“Most occasions we deal with it well but a few occasions not so well. The goal we’re disappointed with but I was happy that we won.”FacebookTwitterWhatsAppEmail分享 “Of course, we wanted to start strong in the new season, Obviously, Wolves is a tough place to come so we’re very happy with three points. “We just tried to play with the ball, keep the ball, make it difficult. We scored early, that was a bonus for us. After that, we tried to control the game. Loading… Promoted ContentCouples Who Celebrated Their Union In A Unique, Unforgettable WayThe Highest Paid Football Players In The WorldThe 10 Best Secondary Education Systems In The World5 Of The World’s Most Unique Theme ParksThe Very Last Bitcoin Will Be Mined Around 2140. Read More8 Shows That Went From “Funny” To “Why Am I Watching This”A Hurricane Can Be As Powerful As 10 Atomic Bombs2020 Tattoo Trends: Here’s What You’ll See This Year7 Ways To Understand Your Girlfriend BetterWhich Country Is The Most Romantic In The World?The World’s Most Desirable Fruit – Pink Pineapple5 Of The World’s Most Unique Theme Parks Nathan Ake was delighted to make a winning Manchester City debut for victory at Wolves. Ake, a summer signing from Bournemouth, produced an assured display as he helped City record a fine 3-1 win at Molineux. “I was very happy to make debut today and happy that we won,” declared the Dutch central defender.Advertisementlast_img read more