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

IORP II compromise reached, although Dutch presidency remains coy

first_imgA compromise on the revised IORP Directive has been reached, IPE understands, even though “discussions” are still said to be ongoing.Word on the margins of a PensionsEurope conference in Brussels today, 23 June, is that a compromise has been reached but that a formal announcement is being held back because of the EU referendum in the UK.Negotiators met last week for a trialogue meeting, and there has been talk of another meeting next week.It has been unclear to some in the industry whether this forthcoming meeting, if it goes ahead, will be to tie up technical matters or whether matters of substance must still be resolved. The second IORP Directive came up on several occasions during the PensionsEurope conference, but little has been given away by those in the know.Martin Flier, deputy director-general of employment and pensions in the Dutch Ministry of Social Affairs and Employment, made it clear to delegates that he would not be drawn on the state of play concerning the directive, negotiations for which are being overseen by the Dutch government while the Netherlands holds the rotating presidency of the Council of the EU.The Netherlands has been keen to conclude negotiations on IORP II before the end of June, at which point Slovakia assumes the presidency.“It would, of course, be quite tempting to lift a corner of the veil, to make some tantalising remarks or innuendos,” Flier said in a keynote address.“But, as president, as the representative of all member states, this is exactly what I cannot do today. The mantra is ‘nothing is agreed until everything is agreed’.“We haven’t finished our discussions on IORP quite yet, and all I can say is that we hope we can bring this process to a good end during the Dutch presidency.”Jonathan Hill, European commissioner for financial stability, had earlier referred to expecting “a final IORP agreement soon”. Janwillem Bouma, chair of PensionsEurope, had also earlier said the association welcomed the progress made in the trialogue negotiations on IORP II.“Particularly,” he said, “we have been pleased the IORP II Directive will not contain additional solvency capital requirements for IORPs, which could have had significant negative impacts on IORPs, sponsors and members.“We look forward to receiving the final text of the IORP II Directive soon.”He welcomed the decision by EIOPA not to proceed with a harmonised solvency framework for occupational pension funds but criticised the authority’s proposal for the introduction of a standardised risk assessment for IORPs, saying “the mandatory use of a common framework balance sheet is impractical, unnecessary and costly”.He added: “It is doubtful whether the outcomes of the common framework balance sheet have any additional use to national financial assessments in day-to-day supervisory practice.”He suggested this amounted to EIOPA’s introducing harmonised capital requirements for IORPs at the EU level “by the back door” and went on to make an analogy to illustrate the dangers of such rules creeping in.“Let me explain,” he said. “If you put a frog in cold water and slowly heat it up, the frog does not perceive a danger and will eventually be boiled alive.”“It is the same for pensions,” he said, in the sense that a proposal or rule can be harmless on its own, but that “over time, the pension scheme is cooked”.last_img read more

Schroders backs DC ‘value for money’ cost tool

first_imgUK-listed fund manager Schroders has become the first group to sign up to a new cost model designed to assess value for money for defined contribution (DC) investment offerings.The Clear Funds service was launched last month by UK independent trustee firm PTL in response to new rules for DC schemes that require trustees and governance committees to demonstrate that their investments offer value for money.PTL is assessing 13 of Schroders’ top funds on offer to DC schemes and investors. Clear Funds will analyse the company’s processes for controlling and reporting transaction costs and produce a concise report for each one. Schroders will then pass this on to clients as proof of an independent assessment of value for money.David Heathcock, DC product manager at Schroders, said that any concerns flagged by PTL would be contained in the report and addressed by the fund manager. “We hope and expect PTL to look at our processes and find that we keep a lid on costs, minimise transaction costs and add value through our process,” Heathcock said. “Our belief is these funds are operated in a closely controlled way.”Richard Butcher, managing director at PTL, added that a Clear Funds certification would show whether a fund provided value for money or not, as well as an assessment of a manager’s method of controlling costs and any risks to that – for example staff that may be remunerated based on transactions.“The most difficult aspect is the implicit costs, such as the transaction costs,” Butcher said. “You can have up to 48 different transaction costs, thousands of trades a year, and terabytes of data. How can you deal with that as a trustee?”Butcher said that new European rules aimed at improving transparency of costs – such as MiFID II and PRIIPs – had led to more data being available, but that interpreting that data was “complicated”.“We have to be able to get our heads around things like the transaction costs associated with trading in dark pools,” he added. “With Clear Funds we can take time with Schroders to understand that. If Schroders had to do that with all its DC clients it would be hugely time-consuming.”Since 2015, independent governance committees overseeing UK workplace DC pensions have been required by the Financial Conduct Authority to monitor their schemes’ value for money. In addition, last year’s Asset Management Market Study report from the regulator raised concerns that fund managers were failing to provide value for money.last_img read more

EWE Picks Heli Providers Offshore Germany

first_imgNorthern HeliCopter GmbH will provide a large helicopter for the work, while EWE did not reveal which contractor will provide a small helicopter. EWE Offshore Service & Solutions (OSS) has awarded contracts for the provision of helicopter services from Emden, Germany, to offshore wind farms. The original article was updated on 11 March at 1:40 CET. According to a spokesperson from the company, the primary purpose of Heli Service will be troubleshooting work on the Riffgat, Alpha Ventus and Merkur offshore wind projects. Heli Service International is in charge of providing helicopter transport for unplanned interference operations. At the end of 2019, EWE opened a tender for helicopter services from Emden to the Riffgat, Alpha Ventus, Merkur, Trianel Windpark Borkum and Gemini offshore wind farms. The selected parties will be responsible for the execution of helicopter transports for personnel and material from Emden to offshore wind projects, with possible stopovers on Borkum. last_img read more

Thomas Eugene Moulton, Sr.

first_imgThomas Eugene Moulton, Sr. age 87 of Greensburg, Indiana passed away on Tuesday, February 28, 2017 at the Morning Breeze Retirement Community in Greensburg.Born on December 11, 1929 he was the son of Charles E. and Maude (nee: Hampton) Moulton.  Thomas was retired from the Decatur County Highway Department.  He drove for over 25 years and truly enjoyed his job. He is survived by his sons Thomas Moulton Jr. (Debbie) of Greensburg, and Charles (Janet) Moulton of Greensburg along with his daughters Virginia Friend (Jerry) of Milford, IN and Christine Konduris (Nick) of Indianapolis, IN, plus 11 grandchildren and several great and great-great grandchildren.In addition to his parents, he was preceded in death by his long time partner Florine Rardin, his daughter Linda Gearhart and his five siblings.His wishes were to be cremated.   A gathering of friends and family will be Thursday, March 2, 2017 from 5-6pm immediately followed by Memorial Service at 6pm all at Meyers Funeral Home in Batesville, IN.Memorials may be given to the family c/o the funeral home via mail or at the services.  Online condolences at www.meyersfuneralhomes.comlast_img read more

EPL chiefs host meeting to try persuade stars it’s safe to return

first_img At least one representative from each club — either the captain or PFA delegate, or in a number of cases both — will dial in to today’s call ahead of a proposed June 12 restart. Union chiefs will also be involved and a PFA source said: “We all want to play again if it is safe but have a duty to express our concerns and the players will express theirs.” Player concerns are also shared by some team medics and executives, even at clubs that are strong backers of Project Restart and despite the Government green light for behind-closed-doors sport from the start of June. Premier League chiefs are now set to try and convince footballers it is safe to return after the coronavirus Read Also: Messi donates €500k towards the fight against COVID-19 The senior stars at each club yesterday relayed a 40-page Premier League document sent via the PFA to team-mates. It informed them about protocols at training grounds, which include wearing masks and social distancing. FacebookTwitterWhatsAppEmail分享 Advertisement Promoted Content10 Risky Jobs Some Women DoThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreBirds Enjoy Living In A Gallery Space Created For ThemPortuguese Street Artist Creates Hyper-Realistic 3D GraffitiA Guy Turns Gray Walls And Simple Bricks Into Works Of ArtWho Is The Most Powerful Woman On Earth?5 Of The World’s Most Unique Theme ParksWho Earns More Than Ronaldo?The Highest Paid Football Players In The WorldAwesome Caricatures Of 23 Marvel Heroes10 Hyper-Realistic 3D Street Art By OdeithThe Best Cars Of All Time Loading… Premier League chiefs will today host a crunch meeting to attempt to convince fearful players it is safe to return. Clubs are aware of growing worry from some stars that they feel forced back into action. A Levante staff member sprays disinfectant liquid on a ball during a training session in Spain The PFA union will express these doubts in the teleconference but SunSport understands the majority of players are now desperate to get back on the pitch. And Prem bosses are confident that their safety protocols will convince the rest. England stars Raheem Sterling, Tyrone Mings and Danny Rose — plus Manchester City’s Argentine striker Sergio Aguero — have publicly voiced fears over football returning while the coronavirus daily death toll is still well into three figures.last_img read more

Bundesliga: Bayern’s Lewandowski breaks Aubameyang’s record

first_img Read Also: Arsenal keeper stretchered off in agony off at Brighton They face Leverkusen in the German Cup final on July 4 and are among the favourites for the Champions League, which resumes in August with Lewandowski as the top scorer in Europe with 11 goals in six games. Bayern routed Chelsea 3-0 in London in the last 16, first leg last March until the Champions League ground to a halt due to the coronavirus. FacebookTwitterWhatsAppEmail分享 Bayern Munich striker Robert Lewandowski on Saturday broke the record previously held by Pierre-Emerick Aubameyang for the most goals scored by a foreigner in a Bundesliga season. Bayern Munich’s Poland striker Robert Lewandowski set a new record on Saturday for the most goals scored by a foreigner in a Bundesliga season. Lewandowski scored twice in the first half against Freiburg to give him 33 league goals in 30 matches this season, having netted a total of 48 times in 41 games in all competitions. The Poland striker’s tally beats the previous record of 31 goals set by Gabon striker Aubameyang in 2016⁄17 for Borussia Dortmund before he moved to present club Arsenal the following season. With the Bundesliga season due to end next Saturday, Lewandowski is well short of Gerd Mueller’s remarkable all-time record for the most goals in a German league season when he scored 40 in 1971⁄72. Bayern are already confirmed as Bundesliga champions for the eighth consecutive season and are on course to repeat their 2013 treble.Advertisement Loading…last_img read more

Ibrahimovic delays Milan decision

first_img read also:Ibrahimovic drops cryptic post amid talks of EPL switch The Rossoneri are due to begin pre-season training on Monday, but it seems unlikely at this point that Ibrahimovic will be attending from the start. Ibra scored 11 goals in 20 competitive games for Milan, also providing five assists. FacebookTwitterWhatsAppEmail分享 Promoted ContentWhat Happens To Your Brain When You Play Too Much Video Games?7 Mind-Boggling Facts About Black HolesYou’ve Only Seen Such Colorful Hairdos In A Handful Of Anime14 Hilarious Comics Made By Women You Need To Follow Right NowBest & Worst Celebrity Endorsed Games Ever MadeTop 10 Most Romantic Nations In The WorldWho Earns More Than Ronaldo?A Hurricane Can Be As Powerful As 10 Atomic BombsTop 10 Female Stars Everyone Had A Crush On In The 90sMind-Bending Technology That Was Predicted Before It AppearedTop 10 Tiniest Phones Ever MadeThe Highest Paid Football Players In The World Loading… center_img Zlatan Ibrahimovic has still not given a reply to the Milan contract offer, according to Sky Sport Italia, so probably won’t be at pre-season training on Monday. The 38-year-old arrived as a free agent from the LA Galaxy in January, but his deal is due to expire on August 31. According to Gianluca Di Marzio, there are no signs of an imminent signature on the new contract and it is taking longer than expected to negotiate.Advertisementlast_img read more

Suarez double sinks Sunderland

first_img However, managerless Sunderland, who had earlier hit the bar through Sebastian Larsson, more than played their part in the game and got themselves back into it when Emanuele Giaccherini pulled a goal back seven minutes after the restart. There was as much focus before kick-off on the man who occupied Liverpool’s number seven shirt as there was on the search for a replacement for the man who no longer occupied a seat on the Sunderland bench. That process is ongoing with chief executive Margaret Byrne using her programme notes to inform the club’s fans that talks have taken place with several candidates, and that there will be discussions with more this week. Interim head coach Kevin Ball, who has put himself forward as a candidate, launched his temporary reign with a Capital One Cup victory over Peterborough on Tuesday night, and kept faith with the 11 men who brought a measure of normality back to the club after a chaotic few weeks. Once again, they produced a performance which combined character, organisation and some intent. Unfortunately for them, however, they came face to face with a team which boasted significantly more potent weapons than those in the Posh armoury. There was little to choose between the sides during the early exchanges and Larsson came close to giving the home side a 24th-minute lead when his free-kick beat former team-mate Simon Mignolet, but came back off the bar. Wide-men Giaccherini and Adam Johnson were causing problems for the Reds, as was bustling striker Jozy Altidore. Luis Suarez marked his return to Barclays Premier League action with a double as Liverpool edged past bottom-of-the-table Sunderland. However, it was Liverpool, who had seen an earlier Martin Skrtel effort ruled out for offside, who got their noses in front four minutes later, although in controversial circumstances. Central defender Kolo Toure only just failed to make meaningful contact with Steven Gerrard’s left-wing corner, but Sturridge smuggled the ball over the line, although replays revealed with more than a little help from his right arm. But the visitors’ second goal was a thing of beauty, Gerrard picking out Sturridge with a raking 37th-minute pass and watching the striker sweep past Carlos Cuellar before drilling in a cross for Suarez to steer home at the far post. The Black Cats left the pitch at half-time perhaps aggrieved to be two down having created chances of their own, the best of them falling to full-back Craig Gardner with a minute of the first 45 remaining. Lee Cattermole’s deft pass over the top put Gardner in on goal and it took a fine reaction save by Mignolet to keep out his first-time effort. Suarez picked up where he had left off after the break, winning a 48th-minute corner with a deflected shot and then firing across goal from the resulting set-piece. But the Black Cats continued to battle for a way back into the game and found it with 52 minutes gone when Mignolet could only parry Ki Sung-yueng’s long-range drive and Giaccherini pounced on the rebound to score. Mignolet redeemed himself two minutes later when he dived to his right to push away a dipping Gardner effort as it sped through a crowded penalty area with the home side very much back in the game. The Belgium international proved equal to the task when Altidore let fly from distance with 62 minutes played, but opposite number Keiren Westwood had to acrobatically turn away Victor Moses’ stinging right-foot shot from a tight angle five minutes later. Suarez passed up a chance to claim a second goal of the afternoon with 18 minutes remaining when Cuellar did just enough to prevent him from converting Enrique’s inviting cross, and Cattermole denied him once again two minutes later with a good block. But the South American was not finished and having picked out Sturridge with a fine 89th-minute pass, he made his way into the box to convert his cross and seal victory. Press Association The Uruguay international, back in the fold after completing a 10-match suspension, needed just 37 minutes to find his way on to the scoresheet when he made the most of a flowing move to tap home from close range, and then celebrated by revealing a tee-shirt dedicated to his family. Strike-partner Daniel Sturridge had given the visitors the lead by bundling home a 28th-minute Steven Gerrard corner with referee Howard Webb failing to spot that the ball had gone in off his arm, and it was he who set up Suarez to make it 3-1 at the death. last_img read more

Football News Liverpool Aim To Extend Lead In Premier League Against Weakened Manchester City

first_imgLiverpool: Liverpool have lived through many false dawns in the 29 years since last lifting a league title, but the class of 2019/20 have the chance to prove they are the real deal when reigning champions Manchester City visit Anfield on Sunday. City’s relentless hunger to push the bar to new heights under Pep Guardiola has kept Liverpool waiting. Despite posting the third highest points tally in English top flight history last season with 97, Liverpool lost out by a solitary point as City backed up their 100-point campaign with 98 to retain the title. Beset by defensive injuries, those standards have slipped slightly at the start of this season, allowing Jurgen Klopp’s men to open up a six-point lead ahead of Sunday’s battle between the top two.   “Last season we won the Premier League (against) the best contender I ever faced in my career,” said Guardiola on Friday. “Right now Liverpool are the strongest team in the world. Playing at Anfield, we know what it means for them and for all their rivals.” Revitalised since Klopp took charge four years ago, Liverpool have not lost a home game in the Premier League since April 2017. Their solitary defeat in the last 50 league games on any ground came away to City in January in a titanic tussle that ultimately decided the title race.The consistency of both sides has seen this fixture become English football’s biggest game in recent seasons. In 2017/18 it was Liverpool who ended City’s quest for an unbeaten league season and thrashed Guardiola’s men 5-1 on aggregate in an ill-tempered Champions League quarter-final.   “It’s getting bigger and bigger,” said Klopp. “Man City is a pretty good football team. Thank God there is a rivalry because that means we are not in bad place as well.”   While City have suffered shock defeats to Norwich and Wolves in the first 11 games of the season, Liverpool have had the air of champions in recent weeks with their ability to fight to the end for their rewards. Late goals against Leicester, Tottenham, Manchester United and Aston Villa have earned Klopp’s men an extra eight points in the past month alone. Now they have the perfect opportunity to press home their advantage against a City side further weakened at the back by an injury to goalkeeper Ederson.   The erratic Claudio Bravo, who was sent-off for a characteristic charge from his goal against Atalanta in the Champions League in midweek, will start a Premier League game for the first time since May 2018. A longer term injury to Aymeric Laporte has already destabilised City’s title defence with midfielder Fernandinho forced to deputise at centre-back, while left-back Benjamin Mendy is still to find his best form after two injury plagued seasons.   Also Read | Manchester City’s Raheem Sterling Aims To Dent Liverpool’s Momentum”It’s a big game, two really good teams face each other. The best news is it’s at Anfield,” added Klopp. Guardiola insisted all will not be lost in the case of his fourth defeat in five visits to Anfield as City boss, but knows how much of a mountain it would leave his side to climb. “It never ends in November,” said the Catalan. “It will be more difficult when you see a team like Liverpool, who lost once last season and is unbeaten this season. So you can imagine that they are not going to lose many games but the season is long, and a lot of situations can happen.” For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps.last_img read more