UK’s direct property investment down 55% on 2007 says Jones Lang LaSalle

first_imgJulian Stocks, JLL’s head of capital markets, England, said: ‘We are back at 2000 trading levels. Some prices have fallen up to 50% since the peak in 2007. The first few months of 2009 may see further price reductions as rents fall, however, later next year conditions could change. ‘We are seeing signs of increased lending and the gap between property yields and interest rates is already proving attractive to some.’The property services firm said that commercial property transaction volumes in the UK have reduced significantly across all sectors as the UK market continues to be affected by the ongoing financial crisis and poor market sentiment. Large lot size transactions, principally central London offices and shopping centres, remain limited due to the lack of availability of debt. Since Lehman Brother’s collapse and the events of October there have only been two significant shopping centre transactions in the UK and around £500m of central London office transactions. Stocks said: ‘While it is difficult to put a number on 2009 volumes, we expect them to be broadly similar to 2008 but back-weighted’The market should start functioning more normally towards the middle of next year as pricing adjusts to levels that tempts buyers back and particularly if debt becomes more available again.’He predicted that the correction in UK prices combined with a weaker pound will make the market more attractive in relative terms to non-UK and global investors and Singapore and Japanese investors are already becoming active.last_img read more

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HOT 100: 100-70

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Reasons to look on the bright side of property life

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Bestobell Marine secures major marine contract

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Blow for SFO as High Court rejects attempt to revive Barclays case

first_imgThe High Court has rejected an attempt by the Serious Fraud Office (SFO) to revive charges against Barclays regarding a bailout the bank secured from the state of Qatar during the financial crisis.The charges, which were thrown out in May, related to allegations over the raising of emergency capital by Barclays plc and Barclays Bank plc at the height of the financial crisis in 2008. The SFO and Barclays were in court earlier this week where the SFO argued that the charges should be reinstated.The dismissed charges were:Two offences against Barclays plc of conspiring with certain former senior officers and employees of Barclays to commit fraud by false representations relating to two advisory services agreements entered into with Qatar Holding LLC in June and October 2008; and;Against Barclays plc and Barclays Bank plc of unlawful financial assistance in relation to a $3bn loan provided to the state of Qatar in 2008.Charges against four individuals connected with the case remain open.last_img read more

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Night trains still alive

first_imgZURICH-BASED overnight services operator CityNightLine, now part of DB Reise & Touristik’s subsidiary DB AutoZug GmbH, has turned a corner. With fares revenue up by more than 4% in 1999 at SFr56·8m, the number of passengers rose 6% to reach 394000. The company had been loss-making since its inception in 1992 as an SBB-ÖBB-DB joint venture known as DACH Hotelzug, but last year’s rise in traffic and a programme of cost reduction led to a modest first profit of SFr280000. Staff costs have fallen from SFr9·9m in 1996 to SFr3·3m, reflecting a decision to outsource train crews to Mitropa Suisse, leaving 38 employees at headquarters. Purchase of traction and train paths at SFr23m remained the company’s biggest expense.CNL’s busiest route is Zürich – Berlin, where reclining seats traffic is buoyant and nearly twice as many passengers opt for deluxe class as on the Dortmund – Wien Donau Kurier. On the Hamburg – Zürich Komet around 90 passengers a night ride in economy sleeping berths with 10 more choosing deluxe accommodation and 55 reclining seats. This train was rerouted via the Ruhr last year at the expense of earlier departure and later arrival times; but CNL plans to revert to the original route via Bremen and to run a separate section to and from the Ruhr.Somewhat belatedly, CNL appears to have realised that many people, even those travelling on low fares, prefer to sleep lying down rather than sitting up. Couchettes were introduced last November, and to CNL’s surprise were instantly popular. This is surely an opportunity to win to rail people who are conditioned to sitting up overnight on road coaches and aircraft.Perhaps more surprising is the upturn in traffic on overnight trains in France. After falling from 1990 to 1997, when 3·37 million passengers were carried, 3·94 million people used SNCF’s night trains last year. With the summer timetable SNCF relaunched 13 overnight services with fixed formation sets that include a service car with reception area and vending machines; it also added security and cleaning staff. The financial case for new rolling stock is hard to justify, but SNCF is working on plans for a major refurbishment of its ageing sleeping car fleet.last_img read more

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Farmington Hills Police Dept. hires three officers

first_img Farmington Voice Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window) Farmington Hills Police Department’s newest police officers celebrated their promotions during a July 26 ceremony with family and friends.Jeremy Mills, Paxtyn Ciesielski, and Kayleigh Schropp are all part of the department’s field training program in Patrol Division of the Operations Bureau.From left: City Manager Dave Boyer, Officer Kayleigh Schropp, Officer Jeremy Mills, Officer Paxtyn Ciesielski, and Police Chief Charles Nebus (City of Farmington Hills)Mills began his career with the Department on August 20, 2018, when he was hired as a Police Service Aide. He earned an Associate Degree in General Studies and an Associate Degree in Law Enforcement from Macomb Community College and graduated from the Oakland Police Academy in June 2019.Ciesielski began her career with the Department on January 21, 2019, when she was hired as a Police Service Aide. She earned her Associate Degree in Criminal Justice from Schoolcraft College and graduated from the Wayne County Regional Police Academy in November 2018.Schropp is a graduate of Ferris State University, where she earned her Bachelor’s Degree in Criminal Justice. She graduated from the Ferris State University Police Academy in May 2019. Reported bylast_img read more

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Barotac Nuevo’s Caligdong now mentors booters in Canada

first_img“Enjoy din mag-coach dito,” Caligdong said during the Filoil Flying V Sports webcast Usapang Football hosted by Rick Olivares on June 13. “Malaking bagay ‘yung may previous experience ako.” “Siyempre, iba ‘yung challenges ng ibang mga lahi but nakikinig sila (at) natuturuan,” he added. “Ang biggest challenge ko ay ‘yung pag-English. But I am learning naman.” The Ilonggo took the coaching road after he decided to hang his boots in 2014. He already has AFC B, UEFA B, and Canada B licenses, among others. MANILA –Ilonggo Emelio “Chieffy” Caligdong is now mentoring young booters in Ontario, Canada years after being one of the key players who brought the country’s national football team back on the international road. Former Ilonggo football star Emelio “Chieffy” Caligdong is now an assistant coach for two youth football teams in Canada. He relocated their two years ago with his wife and three children. YAHOO NEWS One of Caligdong’s best highlights during his footballing days was becoming part of the historic Azkals side which booked its first ever semifinals seat in the 2010 Suzuki Cup. Caligdong – previously served as a sergeant in the Philippine Air Force – carried the country’s colors from junior to senior levels for 17 years and scored a total of 18 goals. The Barotac Nuevo, Iloilo-native, who relocated there two years ago with his wife and three children, is now serving as head coach for the Ontario Development League Boys Under-15 team and assistant coach for the North Mississauga Soccer Club’s Under-13 squad. “Dapat nung 2009 pa sa Texas, United States. Nung matapos na ‘yung football career ko, pamilya ko naman ang pinagbigyan ko. Naghintay sila nung nag-football ako. Ngayon, ako naman,” the 37-year-old football icon said./PNlast_img read more

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UWF athletics adds Kim Lawrence as program specialist

first_imgUWF athletics adds Kim Lawrence as program specialist  PENSACOLA, Fla. – The University of West Florida Department of Intercollegiate Athletics added Kim Lawrence to its staff as a program specialist. Lawrence comes to UWF after previously working as an event planner for Kent’s Special Events in Gulf Breeze.Lawrence received her bachelor’s degree in business management from Troy University. Her work career has also included stints as an administrative assistant for Chevron in Lafayette, La. and Proper Lawn Care and Landscaping in Gulf Breeze.For information on all UWF athletics, visit www.GoArgos.com.Print Friendly Version Sharelast_img read more

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Borough Begins Regular Meetings Addressing AK LNG

first_imgNikiski resident Bonnie Miller said one issue that piqued her interest was the $800 million Impact Aid Funds that have been promised by BP, ConocoPhillips, and Exxon for the project. Special Oil and Gas Assistant Larry Persily says that funding will not be issued until around 2019 when the final decision the project going forward or not is made. Don and Rebecca Bock said they believe meeting style with Borough Mayor Mike Navarre and Special Oil and Gas Assistant Larry Persily is what people have been wanting. Persily: “And that probably is sufficient to cover diret impacts, damages that are done in the communities during construction whether it’s roads, additional schools, expanding the airport parking lot, water sewer issues. It’s not a bonus, the $800 [million] isn’t intended to fix roads and then give everyone $1,000 extra for pain and suffering.” Miller: “That’s very important and I think the discussion surrounding, is Nikiski going to see what’s rightfully ours is very important and we need to keep on top of that.” FacebookTwitterEmailPrintFriendly分享Over 100 local residents attended Thursday night’s first Borough-hosted meeting about the Alaska LNG Project in Nikiski, where they were engaged in a lively, straightforward conversation. Navarre and Persily says the Borough will continue to host these kinds of updates, the next is set for 6:30 pm on December 10 at the Nikiski Recreation Center. Borough Mayor Navarre says this was the first meeting to engage the community by documenting their concerns and comments. He also urged them to take advantage of the Federal Energy Regulatory Commission’s public comment period regarding the project’s Environmental Impact Statement which closes on December 4. Rebecca: “Everybody wants to know what’s going to happen and when is it going to happen, and there’s just no way that they can let us know that.Don: “At least not right yet. This project is just so big that I think it’s overwhelming a lot of folks.”last_img read more

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