Renovations have breathed new life into this beach house

first_img73 Seagull Avenue, Mermaid BeachTENDER love and care has breathed new life into this modernised home at Mermaid Beach.Brolin Castellino bought the property in late 2014 with a plan to renovate and then sell it. But after realising the street was much quieter than he first anticipated, Mr Castellino and partner, Erin Hill, couldn’t bring themselves to part with it. 73 Seagull Avenue, Mermaid Beach“This was meant to be a quick renovation but we fell in love with it,” Mr Castellino, who is an airline pilot, said.The architecturally designed two-storey home sits on a 405sq m block and is just metres from the beach.It had four bedrooms and a study when Mr Castellino bought it but he converted the ground floor media room into a fifth bedroom.“When we first moved in, I decided that three living areas was too much,” he said. More from news02:37International architect Desmond Brooks selling luxury beach villa18 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago73 Seagull Avenue, Mermaid Beach 73 Seagull Avenue, Mermaid BeachHe created a glass wardrobe that would act as a wall to split the bedroom and the hallway without blocking natural light.“It’s glass on both sides so it still allows light into the room,” Mr Castellino said.He also retiled, recarpeted and repainted the home, and replaced many of the fixtures that had dated.The home has an open kitchen, dining and living area, which opens onto an outdoor terrace, which has a bar and overlooks the salt water pool.center_img 73 Seagull Avenue, Mermaid Beach 73 Seagull Avenue, Mermaid Beachlast_img read more

Danica says results of new strategy show through in 2016 returns

first_imgThe pension provider, which manages DKK380bn (€51bn) of assets, said its recommended medium-risk product produced a return of 7.5% for people with 15 years to retirement.In 2015, the non-guaranteed products Danica Balance and Danica Link was between 3.1% and 10.3%, depending on the age of customers.Svennesen explained that, in the new version of the Danica Balance product, it introduced a third “mix” fund, with medium risk and markedly more investment flexibility.“It gives us better opportunities to target investments to all customers regardless of the risk profile they choose, as well as providing a much more dynamic placement of our assets, and this is a big part of the reason we have had an attractive return in 2016,” he said.He said the high level of political, as well as financial market, turbulence last year had meant portfolios had to be adjusted continually.“And given this, we are satisfied the portfolios were not particularly affected by market swings but at the same time did produce good returns,” he said.The “mix” fund was first available to customers at the beginning of last year, after Danica Pension redesigned the basis of Danica Balance, its key unguaranteed market-rate pension product to allow it it to broaden the range of possible investment instruments.The company first talked about its new investment strategy of increasing direct investments in businesses in 2014.Danica Pension said increased its alternative investments further in 2016 – investments in unlisted equities or bonds.“We are focusing on these types of investment because they have the potential for high and attractive long-term returns in relation to the risk, and we have built up the necessary skills to be able to exploit our strong market position,” Svennesen said.He said direct investments had already borne fruit in Danica Pension’s market-rate product in 2016 with a return of more than 15%.The provider said it generated a high return on bond markets despite the low level of interest rates, thanks to falling interest rates and dynamic adjustment of the bond portfolio.Customers with low risk and 15 years to retirement received an average 6.6% return in 2016.Equity markets ended the year with good, positive returns, Danica said, but added that there had been a very wide variation in returns during the course of the year.“Tactical allocation throughout the year, as well as investments in alternative assets and direct lending to well-run Nordic businesses, helped create the good return,” it said.Customers with a high-risk level in their pension product and 15 years to retirement saw average returns of 8.6% last year. Danica Pension, Denmark’s second-biggest commercial pension provider, said it started to see the results of its new investment strategy showing through in 2016 investment returns, which it described as “satisfactory and attractive”.Reporting some early 2016 return figures, Danica Pension said customers with its market-rate products typically received a return of between 5.2% and 8.8% in 2016, depending on their risk profile in the lifecycle product Danica Balance.Anders Hjælmsø Svennesen, Danica Pension’s CIO, said: “We have delivered a satisfactory and attractive return at Danica Pension in 2016.“It is pleasing we have really started to see the results of the new strategy within investment, and that it has benefited our many customers in 2016 in the form of an attractive return.” last_img read more

Windsor house sells as agent applauds ‘strongest start’ in six years

first_img Bargain suburbs where homes sell for under $500,000 Family reunion: Carol Haisman, Stefin Lawinski, Taryn-Lee Carnall, and Nicole Carnall farewell their family home of 80 years.STEFIN Lawinski’s ‘pop’ once boasted he would never put a nail in his Windsor home but that didn’t stop the hammer falling on the front steps of 20 Swan Tce on a busy day of auctions across the city on Saturday. The beautiful facade of 20 Swan Tce, Windsor.“There was a massive storm 30 or 40 years ago and the roof blew off and landed on Green Tce,” Mr Lawinski said after the auction.“Pop was sitting out here (on the balcony) and goes: ‘I’ve never put one nail in this house and I never will.’ ” MORE REAL ESTATE STORIES More than a few nails would be needed to bring this 1800s Federation house up to scratch, but after 50 bids in less than 10 minutes, all eight registered bidders had shown their commitment to the challenge.“This is the strongest start to the year in six years,” Place Newmarket lead agent Ross Armstrong said of the property market more broadly. Bidders explore the house before the auction.“There’s limited stock and a lot of people are holding on to their existing property and renting it out and buying another because interest rates are low and it’s creating a bit of a shortage.”center_img SEE WHAT ELSE IS FOR SALE IN WINDSOR Dianne McBain, who lives in a neighbouring suburb, was looking for just such an investment while Rachael and James Cockburn wanted to buy their first home and were happy to take on this three-bedroom house on a 405sq m block as a ‘fixer upper’.“We rented on Eildon Rd for quite a few years and we loved it, so we’re trying to get in,” Mrs Cockburn said.“We thought we’d try a different approach and go for a fixer upper.” The original condition kitchen.But the approach for both bidders in the early part of the auction was to watch and see.“There’s no point bidding until it is on the market,” Ms McBain said.The crowd of 50, including bidders, onlookers, agents and a TV crew, spilled onto the quiet inner city street before the 10am start.Auctioneer Peter Burgin accepted an opening bid of $600,000 and allowed the bidders to set the pace, despite his best efforts to encourage stronger bidding. Location, just 4km from the Brisbane CBD, was a top attraction for buyers.“I told you that wouldn’t work,” he said as two bidders inside the front yard continued small bid increases against each other when the property passed $700,000.“Is it on the market?” a bidder with a rainbow umbrella shouted from the street.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago“Yes, it is,” Mr Burgin replied.Ms McBain and the Cockburns, who were standing on the street not far from each other, joined the auction soon after.Their rapid fire volley of 18 bids took the price from $723,000 to $756,000 within seconds, with Ms McBain holding on to the lead by $1000 to buy the house.“It was exciting, my legs tell me it was,” Ms McBain said.“I’m not experienced (at auctions) but we had a game plan.“It will be home in the future but it’s an investment. There’s a lot of work to do.”On the front balcony of the house that Samuel ‘pop’ Gilpin bought in 1940, his family had a lifetime of fond memories to share. The back of the house has been renovated to include a deck.“My grandfather used to breed chooks and was one of the judges at the Royal National Show, and my mother used to show the chooks too,” Mr Lawinski said.“Aunty Val who is the owner of the property is in aged care now, but used to work at the Royal Brisbane Hospital and they would walk to work and take us to Downey Park.”The property was one of 55 to go to auction across Brisbane yesterday.FOLLOW US ON FACEBOOKlast_img read more

Investing in Dikes Worldwide

first_imgThe Dutch research institute Deltares recently released a study highlighting the economic benefits of investments in dikes worldwide.According to Deltares, the economic benefits of building dikes to reduce flood damage far outweigh the costs at the global scale.In many parts of the world, it is even possible to reduce the economic damage from river floods in the future to below today’s levels, even when climate change, growing populations, and urbanization are taken into account, Deltares reported.This study is led by Philip Ward of the Institute for Environmental Studies, Vrije Universiteit Amsterdam, Deltares (experts Hessel Winsemius, Jaap Kwadijk and Jarl Kind), other partners in the Netherlands, UK and USA.Ward said: “It is well-known that economic damages from floods are expected to increase over the coming decades due to climate change and an increase in population and assets in flood prone areas.”“However, in this study we show that flood damages in the year 2080 can actually be reduced to below today’s level, if we effectively invest in flood protection measures,” he added.The latest research appeared in the paper ‘A global framework for future costs and benefits of river-flood protection in urban areas’ in Nature Climate Change.last_img read more

TE Connectivity Hikes Sales, Posts Q1 Loss on Tax Charge

first_imgTE Connectivity has reported net sales of $3.5 billion, with diluted EPS from continuing operations a loss of $0.11 for the fiscal first quarter, which ended December 29, 2017.The loss from continuing operations reflects a one-time charge associated with new U.S. tax regulations, while adjusted EPS were $1.40.Cash flow from continuing operating activities was $350 million and free cash flow was a $127 million.Excluding Subsea Communications (SubCom), total orders were $3.5 billion, up 11 percent organically over the first quarter of 2017, and the book-to-bill ratio was 1.06.For the fiscal year to date, the company’s SubCom business has been awarded nearly $400 million in new subsea cable programs, bringing the backlog for that business to more than $1 billion.“Sales increased 14 percent year-over-year, driven by our Transportation and Industrial Solutions segments, and orders grew double-digits across all segments,” said TE Connectivity chief executive officer Terrence Curtin. “Our operational performance and our higher guidance for the year are a testament to the strength and consistent execution of our business model.”2018 OutlookFor the fiscal second quarter of 2018, the company expects net sales of $3.55 billion to $3.65 billion, reflecting an increase of 12 percent on an actual basis and 6 percent on an organic basis year over year at the mid-point. Diluted EPS from continuing operations are expected to be $1.18 to $1.22, including net restructuring, acquisition-related and other charges of $0.15. The company expects adjusted EPS of $1.33 to $1.37 which represents a 13 percent improvement at the mid-point versus the second quarter of 2017.For the full year, the company expects net sales of $14.1 to $14.3 billion, reflecting 8 percent actual and 5 percent organic growth at the mid-point versus the prior year. Diluted EPS from continuing operations are expected to be $3.61 to $3.71, including net restructuring, acquisition-related and other charges of $0.37, and a tax-related charge of $1.42. The company expects adjusted EPS of $5.40 to $5.50, reflecting 13 percent growth at the mid-point compared to fiscal year 2017.last_img read more

Floating solar construction to start off Singapore

first_imgOne of the world’s first and largest sea water floating solar systems is set for completion later this year in Singapore. Sunseap From 10 September to 31 December, installation of a floating solar farm west of Senoko Fishery Port will take place. Posted: about 1 month ago Categories: Supported by the Singapore Economic Development Board (EDB), the 5 MegaWatt-peak (MWp) floating solar system should generate about 6,388 MWh of renewable energy annually, once completed. The company behind the project is Sunseap Group, Southeast Asia’s leading sustainable energy provider. A finalised scale model consisting of about 50 units then underwent hydrodynamic testing in a wave tank. Tests included for corrosion, movement of waves and biofouling (growth of barnacles and algae). It could also reduce greenhouse gas emissions of about 2,600 tonnes every year, over the next 25 years and beyond. Posted: about 1 month ago Business developments & projects For the purpose of this project, a crane barge will install mooring sinkers on the seabed. After this, setup of the floating support platforms will take place, followed by fitment of the solar panels. HDB and the National University of Singapore also collaborated on testing for the system. HDB and NUS took care of the design for the Sunseap’s solar farm floater module. HDB collaborated with ISO Landscape to study, develop and test a floating solar system specifically for marine conditions. This is equivalent to powering about 1,250 4-room flats. The floater system, designed to withstand waves and ship wakes, was first used at Tengeh floating solar farm. PUB and Sembcorp start floating solar PV system construction in Singapore Announced in 2018, the company is developing one of the world’s largest offshore floating photovoltaic systems to be located north of Woodlands Waterfront Park, along the Straits of Johor.last_img read more

Nearly 5,000 cholera cases, 74 deaths in Tanzania: WHO

first_imgWHO said it urgently needed $2m to ramp up efforts to control the outbreak, which included water trucks, chlorinating water and treatment for the sick.Tanzania is facing a major cholera outbreak, counting nearly 5,000 cases and dozens of deaths, the World Health Organization said Thursday, calling for urgent action to stop the disease from spreading to neighbouring countries.The UN health agency said that from August until October 21, more than 4,900 cases of cholera had been tallied in 12 regions of Tanzania and 74 people had died.The East African country’s largest city Dar es Salaam was most affected with about 3,500 cases, said Dominique Legros, head of WHO’s cholera unit.The fact that the disease had reached the city, which is home to more than four million people, sparked great concern, he said, adding that Dar es Salaam’s size and its numerous slum areas was “making things more complicated in terms of access to water and to build latrines.”Cholera, which is transmitted through contaminated drinking water and causes acute diarrhoea, most recently spread to an island in the Zanzibar archipelago, which in a matter of days acknowledged that 140 people had died, Legros said.Cholera is endemic in the region and Legros warned that the looming rainy season, with a “very bad” weather forecast, threatened to push the outbreak beyond Tanzania’s borders.“We have to really be ready for this and try to control the outbreak as soon as possible in Tanzania,” Legros said.WHO said it urgently needed $2m to ramp up efforts to control the outbreak, which included water trucks, chlorinating water and treatment for the sick.last_img read more

Nouman Raja Faces 25 to Life When Sentenced Today

first_imgFormer Palm Beach Gardens police officer Nouman Raja is scheduled to be sentenced Thursday for the 2015 shooting death of Corey Jones on Interstate 95.Raja’s sentencing is scheduled to begin at 1:30 p.m. Thursday at the Palm Beach County Courthouse.The former officer faces 25 years to life in prison. Ex-cop Nouman Raja faces lengthy sentence in Corey Jones fatal shooting https://t.co/mXZmFHFfMh pic.twitter.com/4Ic8VEyr9X— South Florida Sun Sentinel (@SunSentinel) April 25, 2019 Back in March, jurors convicted Raja of manslaughter by culpable negligence and first-degree attempted murder.He’s the first Florida officer to be convicted of an on-duty shooting in 30 years.Letter to judge: ‘Good cops are heroes. Nouman Raja is a criminal.’ https://t.co/mqQl5blOmM pic.twitter.com/ljXtHHA7pb— WPBF 25 News (@WPBF25News) April 25, 2019 Earlier this month, Judge Joseph Marx denied Raja’s request for a new trial. Following Thursday’s sentencing, the family of Corey Jones is scheduled to hold a news conference outside the Palm Beach County Courthouse.They’ll be joined by high-profile attorney Benjamin Crump.last_img read more

Liverpool legend Stephen Gerrard retires

first_img(REUTERS) – Former Liverpool and England captain Steven Gerrard announced his retirement yesterday, a week after confirming he would not be returning to play for MLS side LA Galaxy.“Following recent media speculation surrounding my future I can confirm my retirement from playing professional football,” Gerrard, 36, said in a statement.“I’ve had an incredible career and I’m thankful for each and every moment of my time with Liverpool, England and LA Galaxy.”Gerrard spent virtually his entire career at Liverpool having made his debut as a substitute against Blackburn Rovers in 1998. He is third on the club’s all-time appearances list with 710, behind only Jamie Carragher and Ian Callaghan.He scored 120 goals in 504 Premier League games.One of the most highly-regarded midfield players in world football at his peak, he was capped 114 times for England, 40 as captain, and played in six major tournaments.Gerrard left Liverpool in 2015 and spent 18 months with Galaxy, scoring five goals in 34 appearances.While he never managed to win an English league title medal with Liverpool, Gerrard will forever be associated with the Champions League final in 2005 when Liverpool fought back from 3-0 down at halftime to win on penalties in Istanbul.Gerrard scored Liverpool’s first goal and drove the team on to arguably one of the greatest nights in the club’s history.Liverpool had looked on course for a first title in 24 years in 2014 after an 11-match winning streak but Gerrard’s costly stumble at home to Chelsea in April gifted Demba Ba a goal that put the visitors on the way to a 2-0 victory.The club’s title charge fell apart thereafter and Manchester City snatched it.“There’s not a day that goes by that I don’t think about what if that didn’t happen,” Gerrard once said.As well as the Champions League, Gerrard won two FA Cups with Liverpool, three League Cups and the UEFA Cup.Individually he was named in third place in FIFA’s World Player-of-the-Year in 2005 and PFA Player-of-the-Year in 2006.“I feel lucky to have experienced so many wonderful highlights and I’m proud to have played over 700 games for Liverpool, many as captain, and helping to bring major honours back to the club, none more so than the famous night in Istanbul,” Gerrard said in his lengthy statement.He has been linked with a return to Anfield in a coaching capacity.last_img read more

Court Restrains NBBF Factions from Interference in Kwese Premier League

first_imgBy Olawale Ajimotokan in AbujaThe Federal High Court in Abuja has restrained the Nigeria Basketball Federation (NBBF) factions led by Musa Kida and Tijjani Umar, from conducting any fresh Premier Basketball League for the purposes of selecting the men basketball club representatives to the 2018/2019 African Continental Club Championship pending the determination of the substantive suit before it.The management boards of Kwese Premier League and two clubs, Gombe Bulls Basketball Club and Kwara Falcons Basketball Club, who are both winner and runner up of the 2018 Kwese Premier Basketball League, had approached the High Court in Abuja, asking for an order of interlocutory injunction restraining the defendants, their agents or servants whosoever, from substituting them with any other clubs to represent Nigeria at the Zone B African Basketball Club Championship or interfering in the Kwese Premier Basketball League. The presiding judge, Justice A.I. Chikere, in an order of interlocutory injunction granted on March 18, 2019 restrained both factions of NBBF from further enforcing or imposing any guidelines or conditions for the purpose of selecting and/or conducting any league for selecting Nigeria’s male basketball representatives for African continental competition.The substantive suit is scheduled for hearing on April 18, 2019.Addressing newsmen on the court’s order, counsel to the plaintiffs, Josiah Daniel, said his clients were seeking the declaration of the court, that in face of fictionalised basketball federation in Nigeria and the absence of an extant update and FIBA approved local constitution regulating the affairs of NBBF, none of the existing factional executive boards of the federation was competent to regulate the plaintiffs who are nonpartisan, nonpolitical neutral basketball stakeholders in Nigeria.He said his clients were, in addition to other reliefs, asking the court to declare them independent and autonomous bodies and self- regulating bodies, pending when the national basketball federation would have an updated and FIBA approved version of local constitution regulating its affairs.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more