Category: zkcoktwj


Awesome August for Auction House

first_imgAuction House sales were boosted in August as supply improved and demand remained high during the traditionally slack holiday month. There were sales of 90 lots from 124 offered at a steady success rate of 73% (72.6%) with £12.4m (£12,421,000) raised.This year’s result was more than two-thirds up on 2019 – proof of the higher activity level and strengthening performance of the sector.Commenting on the month, Founding Director Roger Lake said, “What we are experiencing now is a perfect window of opportunity for sellers. Indeed, there are three key reasons why those with surplus properties should get them entered into our forthcoming auctions in September, October and November.He went on, “Firstly, the auctions market is buoyant; selling prices have risen and buyers are plentiful. This is undoubtedly in part down to the current Stamp Duty holiday,“Secondly, commentators are suggesting that potential changes to Capital Gains Tax may soon be announced.“Thirdly, past experience shows that vacant properties can deteriorate significantly during the winter months – and therefore our best advice is to sell before the weather breaks.” Stamp Duty holiday Roger Lake auction Auction House auctioneers capital gains tax October 1, 2020Jenny van BredaWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Auctions news » Awesome August for Auction House previous nextAuctions newsAwesome August for Auction HouseThe Negotiator1st October 20200110 Viewslast_img read more


RFA Mounts Bay delivers first aid to Bahamas

first_img View post tag: Bahamas Royal Fleet Auxiliary ship Mounts Bay distributed relief items, including vital shelter kits to The Bahamas which was hit by the Category 5 Hurricane Dorian.A rigid-hulled inflatable boat was deployed from RFA Mounts Bay on September 4 with a dedicated humanitarian and disaster relief team to join up with the Royal Bahamas Defence Force and unload vital aid to some of those who have been worst hit by the storm.The ship has been in the Caribbean since June in preparation for the hurricane season and was re-tasked last week to sail to The Bahamas in anticipation of Hurricane Dorian, the strongest ever recorded in The Bahamas.“An RFA Mounts Bay Wildcat helicopter has begun conducting reconnaissance flights of The Bahamas to help assess the damage and the crew have begun distributing UK aid,” defense secretary Ben Wallace said.“My thoughts remain with those affected and our world-class military will continue to assist the Bahamas government to offer relief and aid to those who need it most.”RFA Mounts Bay has embarked a dedicated HADR team, and is carrying vital aid and specialist equipment, such as all-terrain quads, dump trucks, diggers and stores. It also stores DFID water carriers, hygiene kits including basic items such as soap, and shelter kits. Since Hurricane Dorian hit, a liaison officer from the Royal Bahamas Defence Force and a DFID humanitarian expert have been onboard to help coordinate the relief efforts.It also has a Wildcat helicopter that has been conducting reconnaissance flights over the islands to assess the damage and provide important intelligence to the Bahamian government and the team of DFID experts who have deployed to the region. Share this article View post tag: Hurricane Dorian View post tag: Royal Navy Photo: Royal Navy file photo View post tag: RFA Mounts Baylast_img read more


Union rules changes overturned a week before elections

first_imgFollowing a complaint made against Union President Mayank Banerjee’s decision to hold a Poll on electoral rules changes, which were passed by a large majority, the Returning Officer has issued an interpretation which overturns the Poll and reverses the electoral changes.The rules changes included the introduction of a ‘Re-Open Nominations’ option on ballot papers, as well as legalizing many forms of campaigning and slates.Explaining his actions, the Returning Officer Thomas Reynolds wrote, “it has become apparent to me that the interpretations issued by the President regarding the processes for changing the Rules are wrong.” He further stated that under the current conditions, “it is insupportable for me to run these Elections in a transparent and correct manner.”Reynolds continued, “the validity of this Poll has been called into question and is currently the subject of an SDC [Senior Disciplinary Complaint]. The SDC cannot now meet until after the printing of ballot papers, which must either contain an option for Re-Open Nominations, or not.“As the Returning Officer I cannot allow the integrity of the Society’s elections to be called into question when I am able to ensure an increased degree of legitimacy.”Reynolds explained that under the Union Rules a Poll can only be held after a debate and motion at one of the Union’s Thursday debates.He added that the decision to proceed with a Poll  “removes the right of the Members to debate any motion, to bring amendments, or otherwise to alter the motion that could then be put to a Poll if requisitioned properly.”In the nine-page document, the Returning Officer includes annotated versions of interpretations issued by the President, declaring these interpretations variously “relying on fallacious suppositions”, “at best wrong and at worst misleadingly so” and “false.”The interpretation concluded, “The Rules have therefore not been changed or otherwise amended, nor has any new Rule been enacted, or any old Rule repealed. The alleged Poll of Thursday 13 November has had no effect on the Society’s Rules.”The interpretation means that all four of the Union’s senior positions will be automatically elected unopposed.Robert Weeden-Sanz, Stuart Webber, Antonia Trent and Robert Harris were the only members to nominate for President, Librarian, Treasurer and Secretary respectively. However voters will now no longer have a chance to select ‘Re-Open Nominations’ in the election.President Mayank Banerjee was unavailable for comment when contacted by Cherwell.However Cherwell understands that the Senior Disciplinary Complaint against him has now been withdrawn following the interpretation.last_img read more


Billy & The Kids Welcome Warren Haynes And Eric Krasno At Wanee [Full Audio/Videos]

first_imgWanee Music Festival brought music of the Grateful Dead to Spirit of the Suwanee over the weekend, featuring drummer Bill Kreutzmann, bassist Reed Mathis, keyboard player Aron Magner, and guitarist Tom Hamilton. For the third show of their run, the band welcomed fellow Lettuce/Soulive guitarist Eric Krasno, who delivered his great guitar work and vocals, to the entire set. Warren Haynes also joined in on the fun, for a “Deal” closer, just minutes before his Gov’t Mule took the same stage.The set opened with a “Shakedown Street” > “Dear Prudence” medley, before taking “Me and My Uncle” by storm. The “Cassidy” > “Playing In The Band” found Krasno on vocals, and brought a refreshing drizzle of rain from the sky, as if the universe had rehearsed such timing perfectly. An energy-shifting “Scarlet Begonias” brought fans’ arms to the sky for the traditional chants before the sunlight returned for “Stella Blue” and “Uncle John’s Band.” Warren Haynes joined in for “Deal” and the set concluded, before Gov’t Mule took the stage for a sunset performance. Watch Krasno take lead vocals on “Playing In The Band” courtesy of WardenJune:“Shakedown Street”“Deal” with Warren Haynes, courtesy of michael kramer:Thanks to taper Butch Almberg,  you can stream the full audio here: Also from Wanee, you can watch videos and stream the audio from these very special performances: Gov’t Mule with Jack Pearson, Joel Cummins with Kung Fu, Warren Haynes with Les Brers, Umphrey’s McGee’s mash-up set, Karl Denson with Melvin Seals & JGB, and Warren Haynes sit-in with Widespread Panic for ZZ Top covers. Enjoy!Setlist: Billy & The Kids at Wanee Festival, Live Oak, FL – 4/15/16:Set: Shakedown Street > Dear Prudence, Me And My Uncle, Cassidy > Playing In The Band, Scarlet Begonias, Stella Blue, Uncle John’s Band, Deal** with Warren Haynes[Photos courtesy of Ben Adams]last_img read more


Former Burlington candidate Dan Smith joins Arno Group

first_imgThe Arno Group today announced the addition of Daniel Smith to their firm in Stowe, Vermont. Dan brings a strong background in public policy, business development and problem solving to the Arno Group. Prior to his service at GBIC, Dan built a legal practice at the law firm of Downs Rachlin Martin, which focused on government relations, environmental law and regulated entities. Dan provided his clients with in-depth service and innovative solutions to complex challenges. The addition of Dan to our team strengthens our team, particularly in the areas of public policy as well as problem solving and environmental and energy enterprises, states David Rocchio, co founder of the firm.  Before joining the Arno Group, Dan served as Vice President and General Counsel to GBIC-the Greater Burlington Industrial Corporation, a regional organization focused on economic and business development in northwestern Vermont.  At GBIC, he worked with regional enterprises to support their growth by facilitating access to public and private capital, workforce solutions, providing strategic assistance and coordinating access to infrastructure. Dan is a graduate of both the University of Virginia and the UVA School of Law.  Immediately following law school, Dan returned to his native Vermont to serve as a law clerk to Justice James L. Morse of the Vermont Supreme Court.  When Justice Morse stepped down to become Commissioner of Children and Families, Dan joined the legal staff of Governor Jim Douglas. Dan s commitment to public policy is evidenced by his recent run as an independent for the office of mayor of Burlington, Vermont.Dan currently chairs the Board of Directors of Mobius – The Mentoring Movement where he mentors students at Edmunds Elementary School in Burlington, Vermont.  Dan maintains an active outdoors lifestyle, including backcountry skiing, running, cycling and competing in multi-sport adventure races. The Arno Group s mission is to assist clients with a variety of business challenges including conflict resolution, unanticipated growth challenges, legal obstacles, regulatory issues, partner or shareholder interference, project troubleshooting and more.    For additional information visit is external).Source: Arno Group. Stowe, VT (June 15, 2009)last_img read more


EU funds have contributed to the arrangement of numerous educational trails

first_imgBy the way, Risnjak covers an area of ​​over 6.000 ha in the area of ​​Gorski kotar, and includes the Risnjak massif, Snježnik and the hydrogeomorphological monument of nature – the source of the river Kupa with its upper course. The spring of Kupa is an extremely attractive area and still an unsolved riddle because it is one of the deepest springs on Croatian soil. In the middle of 2018, a newly renovated pyramid was opened on Ivančica, the highest mountain in northwestern Croatia. Ivančica is a beautiful destination for pleasant walks from the gentle south sides of Budinščina, Zlatar and Lobor. The northern slope that descends into the valley of the river Bednja has a distinct mountainous character, it is steep and poorly branched. EU support can also be obtained by a natural person (citizen) who is registered in the Register of Forest Owners The public institution Priroda and the City of Vrbovsko applied for the tender from measure 8 of the Rural Development Program and established a tourist-educational trail along the Kamačnik stream with a total length of about 1.600 meters. The project created a pleasant and somewhat fairy-tale ambience for walkers. The themed trail has been enriched with educational panels, rest areas and a space intended for playing with wicker tunnels, and builds on existing themed and walking trails. Provision of services in tourism in the forest of forest owners The mentioned cultural and natural heritage creates a unique tourist potential, which is recognized as such by the local self-government unit. This is confirmed by the capital city project for the construction of the Mountaineering Museum, the only one of its kind in the country. The implementation of the project in question completes the century-old mountaineering story of Ivanec. The forerunner of the pyramid that is the subject of restoration in the project was built back in 1893 and was wooden, and the pyramid that was restored in its metal form dates from 1929. Otherwise, in addition to the request for support, the forest owner is obliged to enclose a conceptual investment plan which must be prepared by an authorized person of the appropriate profession, eg certified civil engineer, certified forestry engineer, certified landscape architect, etc. The objectives of this type of operation (8.5.2) are monitored, namely: to make the recreational, tourist and health benefits of forests more accessible to the rural and other population, and to contribute to raising public awareness of the importance of forest conservation and biodiversity. Near the settlement of Vrh, in a location known for its truffle habitats and in the vicinity of which the construction of a center for mushroom and truffle farming is planned, there is recently a 500 m long educational trail “Truffle Road”. You guessed it, the funds for the project came from the EU, and in the process the great credit goes to the LAG Northern Istria. “In June this year, the educational trail Put truffles was officially opened. A 500-meter-long promenade through the forest area above the valley of the river Mirna, otherwise a well-known habitat of the Istrian truffle, has been arranged. ”, we learn from the head of the LAG, Isabela Knežević. The trail aims to increase awareness of the importance of preserving this valuable mushroom, preserving its habitat and developing an additional tourist product that is associated with the rich eno-gastronomic offer of this area. Prior to this project, the musical-didactic Pan’s path was completed and presented to the visitors, where several instruments were set up: gong, bell with notes, xylophone, horn and stream organ. So if you haven’t already had a chance to hit the gong on the beautiful Kamačnik, it’s definitely time to do so! Without fear of meeting large carnivores, if you find yourself nearby, we recommend a walk through the spacious meadow Lazac, but also the Leska Educational Trail, which is considered the first such trail open in protected areas. Risnjak is a very accessible area for visitors, all attractions can be reached easily and without special preparations or equipment. NP Risnjak offers numerous promenades, but also new educational trails The restoration of the Ivanec and national symbol of mountaineering, more than 90 years old, was also carried out thanks to a grant from the Rural Development Program. The beneficiary of the support is the Croatian Mountaineering Association Ivančica Ivanec. The implementation took place on the top of the mountain Ivančica, at 1.061 m above sea level, in the area of ​​the ecological network. The importance of the project is manifested primarily in the preservation of the cultural heritage of the Ivanec region, which is inextricably linked with the largest and most beautiful natural potential – Mount Ivančica. Risnjak is a real forest kingdom and it was the dense forest communities that provided it with a ticket to enter the society of national parks, and now it is possible to enjoy educational trails there. Namely, JU NP Risnjak, which manages the park, applied for the tender from the Rural Development Program of the Republic of Croatia 2014-2020. to measure 8 for the project Educational trails in the Risnjak massif. The locations of the project are hiking trails from the administrative building in Bijela Vodica (Crni Lug) to the top of Risnjak and the trail from the entrance to Villa also to the top of Risnjak. Through four educational units, visitors can learn interesting facts about the flora and fauna of the canyon and the flow of the Kamačnik as well as the phenomenon of karst springs. The Kamačnik watercourse is over 3 km long, adorned with numerous cascades, rapids and smaller waterfalls. At several locations along the trail, panels have been set up describing the natural features of Kamačnik. There are also benches for relaxing and enjoying the landscape and the sounds of nature, and right next to the stream on the meadow there are didactic elements for play. An increasing number of urban residents are looking for peace and quiet to take a break from the accelerated pace of everyday life. Some will be happy to spend a holiday relaxing on the terrace of a holiday home in untouched nature, others will enjoy walks along landscaped promenades or educational trails. Those more active will look for something third though. The project was also supported by the Croatian Mountaineering Association, whose representatives attended the grand opening of the newly renovated pyramid on the occasion of the 120th anniversary of the HPD Ivančica Ivanec. The local cultural and artistic society magnified the opening ceremony of the pyramid by dancing and singing on a 10-meter-high building, from which the view extends all the way to the Kamnik and Julian Alps. The lookout is unparalleled in terms of view due to its central position in Zagorje, and you can see for yourself. Boots, backpack and way under your feet! Photo: JU Nature Educational trails and hiking trails along the Kamačnik Canyon Photo: NP Risnjak Questions and answers related to the mentioned operation can be found on the pages of the Rural Development Program (measure 8, sub-measure 8.5, operation 8.5.2 – Establishment and arrangement of educational trails, lookouts and other smaller infrastructure). The lowest value of the aid is € 5.000, and the highest is as much as € 100.000 with an aid intensity of up to 100% of the total eligible costs. Some of the realized projects are described below. For many, the Kamačnik Canyon is one of the most beautiful pearls of Gorski Kotar. It is also a place where, believe it or not, you will be able to cool off even in the hottest weather! Due to its gentle ascent, the promenade in the Kamačnik canyon is an ideal picnic spot for families, individuals of all ages and all lovers of preserved natural heritage. By investing in the arrangement of trails, setting up information and educational boards, setting up signposts and investing in rest areas and canopies, a higher level of education and dissemination of knowledge about forests, sustainable forest management and environmental protection has been achieved. The trail design project was designed by Ivan Juretić, B.Sc.Arch., Otherwise a mountaineer and naturalist. It was he who introduced the special look of the benches placed along the paths that are intended to be placed in the future. Source:: Blanka Kufner, blog Tourist stories The Rural Development Program of the Republic of Croatia for the period 2014-2020 provides the possibility of granting EU support to projects that enable the availability of recreational, tourist and health functions of forests for public purposes. The funds are intended for the construction of educational trails, small recreational facilities, shelters, lookouts, for setting up information boards, etc. Forest owners, forest owners’ associations, legal entities, associations and other entities working in the direction of nature and environmental protection are applying. Restored Ivanec pyramid with a view all the way to the Alps Vrh is a small place in the interior of Istria, known as the Istrian belvedere. From an altitude of almost 400 m on a clear day you can see the Alps on the border of Italy, Austria and Slovenia. There are many smaller towns and Lake Butoniga in the area. Not far away is Motovun, which dominates the landscape like a crown on a hill. A larger place nearby is Buzet, a town recognizable as the only Croatian truffle town. Photo: Buzet Tourist Board According to the Forest Act, a forest owner is defined as a legal or natural person, owner and / or owner of a forest, who manages the area. The Forest Owners’ Register is a system that contains various information on forest owners, which are used in the implementation of forest policy measures, but also for keeping statistics. Photo: NP Risnjak Kamačnik is visited by many lovers of preserved natural beauty, recreationists, mountaineers – all who want to escape from the hot asphalt or hectic lifestyle. In order to provide visitors with additional interesting facilities, along the watercourse itself, footpaths are being arranged and improved. Did you know that you, as a private person (citizen), can receive EU support from measure 8? You don’t even have to be the owner of the forest, it’s enough to own it. Most owners and possessors of forest areas are not familiar with the advantages of registration in the Register, so it is worth mentioning them. The advantages are: the possibility of using subsidies, the possibility of using funds from the Fund for Public Benefit Functions (OKFŠ), less administration and lower costs when applying for remittances or accompanying documents, the possibility of selling wood and non-wood products from your own forest (legality) and the possibility of providing services. tourism in the forest area. Risnjak National Park is a favorite destination for lovers of active holidays with more than 100 km of marked hiking trails. This park is home to large carnivores like bears, wolves and lynx, which are really rare, but if you were born under a lucky star, it is possible to experience that as well. It was declared a national park back in 1953. NP Risnjak abounds in deep sinkholes, karst slopes and beautiful untouched forest because nature is its master here. It was named after its most famous, but also very endangered inhabitant – the lynx. Fortunately, several years ago, they were actively working on increasing the number of this endangered species. Why register in the Register of Forest Owners? Educational trail “Truffle Road” in the interior of Istria Facilities for children in KamačnikPhoto: Vrbovsko City Travelers today are increasingly interested in various special forms of tourist offer, they like to try novelties and will always be attracted by the original offer, something they have not yet had the opportunity to try. Special experiences are what hosts should offer more often. Those more active will look for excitement in classic or adventure sports, and experienced hunters and anglers will find services and places specific to this type of vacation and recreation. But we are referring here to those who simply like to enjoy nature and learn something. The highest point of the park, the peak of Veliki Risnjak, rises to 1.528 meters above sea level, and the lowest is located at 290 meters above sea level in the Kupa Valley. The mountain massifs Risnjak and Snježnik offer a beautiful view of the Kvarner Bay, Istria and the Julian Alps in neighboring Slovenia. These two massifs represent a natural bridge between the Alps and the Dinaric Mountains and are therefore considered a significant ecological corridor for plants and animals. Questions and answers regarding grants can be found on the pages of the Rural Development Program. Here are just a few interesting things about acceptable costs. Under precisely defined conditions, the following are acceptable: arranging an educational trail; production, design and arrangement of educational and informative indexes; procurement and installation of a solar panel on the lookout; procurement and installation of a children’s playground; arranging a place for heating; construction of sanitary facilities or procurement of chemical toilets, etc. In case we are interested in you, be sure to visit the official website of the Ministry of Agriculture for more information. What is it about?last_img read more


Arsenal legend Martin Keown tells Manchester United to make Ole Gunnar Solskjaer permanent manager

first_img Metro Sport ReporterSunday 3 Feb 2019 11:55 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link781Shares The Red Devils beat Leicester City on Sunday (Picture: Getty)Under Solskjaer, Manchester United have climbed to fifth in the Premier League, two points adrift of fourth-placed Chelsea.And Keown added: ‘This job clearly does not faze Solskjaer. He is oozing confidence and has a brilliant backroom team.‘Mike Phelan is another vital link with the glory days under Ferguson. I like how Solskjaer often consults Phelan, Michael Carrick and Kieran McKenna on the touchline.‘This coaching team have proven they are up to the task. What are the club waiting for? Solskjaer praises match winner Rashford after Leicester winTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 5:22FullscreenSolskjaer praises match winner Rashford after Leicester win is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.More: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira moves‘They may still be holding out for Mauricio Pochettino, but I honestly do not believe that he is going to leave everything he has built at Tottenham when they are about to move into a wonderful new stadium.‘Solskjaer deserves to be given a chance. He is an icon of this club’s past and can guide them to a successful future.’Manchester United face relegation-battlers Fulham next weekend.MORE: Tottenham striker Harry Kane provides update on ankle injury Advertisement Arsenal legend Martin Keown tells Manchester United to make Ole Gunnar Solskjaer permanent managercenter_img Advertisement Comment Ole Gunnar Solskjaer has impressed as Manchester United caretaker boss (Picture: Getty)Manchester United should appoint caretaker boss Ole Gunnar Solskjaer as permanent manager, according to Arsenal legend Martin Keown.Red Devils legend Solskjaer was handed the reins at Old Trafford on a temporary basis after Jose Mourinho was sacked in December.Solskjaer is yet to suffer a defeat as interim boss and won a fifth consecutive away match on Sunday as United beat Leicester City 1-0 at the King Power Stadium.Tottenham’s Mauricio Pochettino is believed to be United’s first choice to be their next permanent manager, but Keown believes Solskjaer deserves the job.ADVERTISEMENTMore: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityHe told the Daily Mail: ‘Solskjaer has done more than enough in his first 10 games as Manchester United caretaker manager to prove he should get the job full-time.AdvertisementAdvertisement‘His team are displaying the traits of Sir Alex Ferguson’s great teams. We rarely saw that under David Moyes, Louis van Gaal and Jose Mourinho.‘United have a manager now who gets this club’s DNA.‘Winning 2-1 at Arsenal in the FA Cup, with less than 20 minutes to go, Solskjaer went for broke and threw on Martial and Rashford to finish the Gunners off. Who does that remind you of?’last_img read more


Buyers keen to snap up unrenovated Toowong property

first_img37 Quinn Street, Toowong.More from newsDigital inspection tool proves a property boon for REA website3 Apr 2020The Camira homestead where kids roamed free28 May 2019 37 Quinn Street, Toowong.Ms O’Neill said the buyers were from country NSW.“Their daughter will live in it and renovate it over time,” she said.Ms O’Neill said the home generated plenty of interest because there had not been many houses which exhibited “good bones” without additions.“People could start from scratch without paying for someone else’s modifications,” she said.“I believe it inspired peoples creativity, the position was gold as it is within proximity to lifestyle amenities and transport.” 37 Quinn Street, Toowong.An unrenovated three-bedroom circa 1920s Queenslander at Toowong has sold above the asking price.The home at 37 Quinn St sold for $724,000, above the price guide of $680,000 to $720,000.Byrony O’Neill, of Byrony O’Neill Estate Agents, said the property was one of the more untouched homes in the area and generated 58 inspections within one week, resulting in three offers.center_img 37 Quinn Street, Toowong.The home, on a 405sq m block, had a 1950s kitchen and bathroom, with the toilet added in the ’70s. She said the exterior had no paint.The property was a single-level layout with storage space and a laundry underneath.last_img read more


Seven Pensionskassen fail German regulator’s stress test

first_imgGerman regulator BaFin has announced that the number of Pensionskassen – insurance-based occupational pension plans – failing a stress test has fallen from nine in 2015 to seven.BaFin said the seven schemes were smaller Pensionskassen “not among the 40 largest pension plans” in this sector.The regulator took pains to emphasise that the schemes that failed the stress test missed the required funding level by “a small margin” of between 0.4% and 4.23%.However, BaFin president Felix Hufeld conceded that “individual Pensionskassen may be unable to finance their liabilities in full without external help”. He also confirmed the regulator was in talks with those plans, and that most of them had already increased their buffers, although he said he doubted the extra funds would meet requirements. Hufeld noted that “protection mechanisms” were in place, but he acknowledged these might soon be “put to the test”.One of these mechanisms includes the Protektor insurance lifeboat scheme, into which many insurance-based financial service providers pay.Hufeld said BaFin was “encouraging” companies – or shareholders where the Pensionskasse is organised as a listed company – to put more money into their funds before drawing on the protection scheme.He did not specify how many Pensionskassen might be affected, but the statistics published in BaFin’s 2015 annual report show that the average funding level in the sector has dropped from 136% to 132% over the last year.BaFin said the sector’s “short-term risk-bearing capacity” was “ensured”, but it admitted that, “should individual funds need to reinforce biometric standards or cut the discount rate, it will be increasingly difficult for them to find the necessary additional funding”.Overall, there are 140 Pensionskassen in Germany, managing a combined €148bn in assets, a 6.5% increase compared with the year previous.last_img read more