Allsop defies Brexit blues with 76% success

first_imgHome » News » Agencies & People » Allsop defies Brexit blues with 76% success previous nextAgencies & PeopleAllsop defies Brexit blues with 76% successThe Negotiator13th May 20190229 Views Allsop’s latest residential auction was on 28th March, the day before the original date for the UK’s proposed withdrawal from the EU. Despite turmoil in Westminster and interminable economic uncertainty, the firm delivered a solid £57m total.Held at the Intercontinental London Park Lane, the sale had a total of 258 lots offered with 192 lots sold by the end of the day.With realistic pricing, it is possible to achieve strong prices in the auction room.Lot 50, which was the largest lot, was a 31 year unexpired leasehold building at 33 Charles Street, Mayfair, London. Sold on behalf of receivers, the property is arranged as five self-contained flats with a combined total of 6260 sq ft. It was occupied on disputed terms and offered subject to pre-registered bidding arrangements.Guided at £6m it was knocked down for £6.6m.Gary Murphy, Partner and Auctioneer, Allsop said, “We were very encouraged by the outcome of this sale. We’re experiencing one of the most uncertain economic periods for decades. Yet it seems that there is still a level of resilience in our auction rooms. With realistic pricing, it’s entirely possible to generate competition and achieve strong prices. Reassuringly, we also saw a good level of post auction activity with deals being done on unsold lots before the day closed.”Mayfair London Gary Murphy Allsop auction Brexit May 13, 2019The NegotiatorWhat’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 Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

Dean’s joins tourist trail

first_imgDean’s of Huntly has opened what is claimed to be Scotland’s first-ever shortbread visitor centre.The development, located just off the main Aberdeen-Inverness road, also includes a café-bistro and shop.Managing director Bill Dean commented: “We are currently producing shortbread 24 hours a day and visitors will get the chance to find out about its history, our company history and see how this national delicacy is made. The café and bistro will then give them a chance to sample it.” He added that the new visitor centre would hopefully “put shortbread up there with whisky and castle trails” on the tourist circuit.Dean’s produces approximately 69 million biscuits a year.last_img read more

Press release: Crackdown on illegal waste and fishing activities

first_imgDuring 2017 the Environment Agency successfully prosecuted 108 individuals and companies for flouting waste and fishing laws in the North East resulting in almost £170,000 in fines and costs.There were 16 prosecutions of individuals or companies for waste offences, amounting to total fines of £62,763 and costs of £40,493.There were also two custodial sentences, three suspended sentences, two community orders and two rehabilitation orders. The courts also awarded a total of £14,735 in compensation to those affected by the crimes, which included a landowner left with costs of £100,000 to remove 585 tonnes of waste dumped on their land.In addition, the Environment Agency revoked two environmental permits from waste companies who continually failed to meet their permit conditions.Courts imposed a further £19,162 in fines and costs on an individual and company for twice polluting a protected water course.In fisheries enforcement, there were three serious offences resulting in £1115 in fines, costs and victim surcharge, plus two 12 month conditional discharges.There were a further 87 offenders prosecuted for 119 rod licence offences, including 77 offences for fishing without a licence. This resulted in total fines, costs and victim surcharge of £29,461, with three offenders also given conditional discharges.Enforcement activity has taken place right across the North East in Teesside, Tyne and Wear, County Durham and Northumberland.The Environment Agency’s enforcement teams work alongside other specialist teams to support businesses in abiding by their permit conditions, but take tough action against those who deliberately flout regulations.Fisheries enforcement officers carry our regular patrols and act on information and intelligence to target illegal activity on our rivers.Jamie Fletcher, Environment Manager at the Environment Agency in the North East, said: To report information about illegal activity contact Crimestoppers on 0800 555 111. To report a crime ongoing dial 999. We take illegal waste and fishing activity very seriously. We have had some excellent results in court over the last year and will continue to work hard in the coming year to ensure enforcement action is taken against those who flout the law. Waste crime can cause serious pollution to the environment, puts communities at risk and undermines legitimate businesses, impacting on investment and economic growth. Similarly those fishing illegally are cheating other anglers and putting the future of the sport and quality of our rivers in jeopardy. We have specialist teams that work hard to target those suspected of being involved in illegal activity and to ensure any necessary action is taken against them. We work closely with a wide range of partners including local authorities, police and the fire service, and I’d like to thank them for their continued support.last_img read more

Derek Trucks And Susan Tedeschi Talk Kofi Burbridge In New SiriusXM Interview [Watch]

first_imgDerek Trucks and Susan Tedeschi stopped by SiriusXM in New York City last month, while in town for a show at Brooklyn Academy of Music. Tedeschi Trucks Band is currently promoting their latest studio album, which has experienced a dramatic change in meaning since its release in February. The band lost their forever keyboardist/flutist Kofi Burbridge on February 15th, the day that the album–which was dedicated to several of their mentors that have recently passed: Leon Russell, Col. Bruce Hampton, Butch Trucks, and Gregg Allman–officially released, and the day they started a three-week tour. So of course, their interview with SiriusXM begged the questions of how they endured it all.On Wednesday, SiriusXM shared a portion of their interview with Tedeschi and Trucks which was recorded for their Volume channel during the two’s visit. The brief clip features mostly Trucks discussing the emotional state of the band after losing a few friends while in the early stages of the recording process on their latest album, the personal history they have with their longtime tour bus, and of course Kofi.Related: All Brothers Band Releases New Track, “In The Beginning”, In Honor Of Kofi Burbridge“This time when we went into the studio everyone was, you know everyone was wrecked and trying to unpack a lot of things that happen in a short amount of time. I don’t think the band or any of us individually had ever fully felt that way,” Trucks admitted at the beginning of the video before stating that the process of playing and writing with his bandmates, in addition to playing every night while on tour, certainly made for a therapeutic and cathartic experience.“Our tour bus, ‘Old Red,’ has 1.3 million miles on it, we’ve had it a long time,” Trucks continued before Tedeschi chimes in to point out that the bus is on its second engine. “Kofi was in that bus with us for a million miles so there’s something nice about being there … With Kofi passing, everything feels more in-your-face, and all the lyrics take on a different meaning.”Fans can watch the portion of the radio interview in the video below.Derek Trucks and Susan Tedeschi – SiriusXM Interview[Video: SiriusXM]Tedeschi Trucks Band will take the new few weeks off to rest before returning to the road for a run of European tour dates beginning on April 2nd in Paris. Fans can check out Tedeschi Trucks Band’s website for a full list of 2019 tour dates and more information.last_img read more

Central Islip Bicyclist Hit, Killed by SUV

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A 27-year-old man was fatally struck by an SUV while riding a bicycle in his hometown of Central Islip over the weekend.Suffolk County police said Marlon Santos was riding his bicycle on Joshuas Path when he was hit by a northbound Mitsubishi Montero at 10:14 p.m. Saturday.The victim was pronounced dead at the scene. The driver was not hurt.Vehicular Crime Unit detectives are continuing the investigation, are looking for additional vehicles that may have been involved and ask anyone with information about this crash to call them at 631-852-6555 or call anonymously to Crime Stoppers at 1-800-220-TIPS.last_img read more

IG to investigate NCUA procedures in wake of info breach

first_imgNational Credit Union Administration Inspector General James Hagen intends to take action in January in response to a data breach caused by a lost thumb drive during an NCUA examination at a California credit union, he announced Monday.The breach , which occurred earlier this month, was caused by the loss of the drive, which contained member information, during an examination of Palm Springs FCU, with $12 million in assets.Per Hagen’s statement, beginning in January he intends to launch the following:An audit to determine whether the NCUA has adequate controls in place to protect electronic personally identifiable information and sensitive credit union data during examinations;A review of the agency’s decision not to publicly announce the data breach on the NCUA website and ways the agency could improve its processes if a breach were to occur in the future; andAn investigation into the unauthorized disclosure by what the NCUA statement calls “two alleged ‘NCUA sources’” of internally held information regarding the breach of the credit union members’ information. continue reading » 9SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Million dollar mansion sets new sales record for Toomulla

first_img31 Saltwater Drive, Toomulla“We had more than 30 people through this home which is a lot for this calibre of property and location,” Ms Gough said.“We also had one other offer form a farming family in the Burdekin who were looking for a beachside home up and down the coast.“There does seem to be a renewal in the beachfront property market as more buyers chase home with an ocean scape or really anything that has a views.“It’s the lifestyle that attracts people from near and far and of course prices are still relatively low here when compared to other markets.” 31 Saltwater Drive, ToomullaSituated in the peaceful seaside suburb of Toomulla, the home is perched in an elevated position with absolute ocean frontage affording 200 degree views that are endless. The home is about 740sq m under roof and spans over three levels with four bedrooms and three bathrooms and decks on all levels overlooking the ocean, beach and rock faces.The home also comes with a saltwater pool and spa — making this property the perfect entertainer. Allison Gough, Explore Property Sales Consultant and Sammy Davies (white top), PA to Allison, both in front of the property and walking on the beach with house above.The stunning multi-level home eventually sold to a private, out-of-town buyer who acquired the property as a holiday home.“The buyer was predominantly looking to purchase a home at Yarrawonga but then came across this property and found it to be really good value for money,” Ms Gough said.More from news01:21Buyer demand explodes in Townsville’s 2019 flood-affected suburbs12 Sep 202001:21‘Giant surge’ in new home sales lifts Townsville property market10 Sep 2020And value for money this home most certainly is.center_img 31 Saltwater Drive, ToomullaTOWNSVILLE’S most exclusive beachside mansion has sold for a cool $1.4 million.It is the highest residential sale price recorded for the suburb in 15 years, despite the property selling for $170,000 more than when last purchased in 2014 according to Core Logic.Listing agent Allison Gough said the property attracted much interest during its 58 days on the market.last_img read more

Pension fund for Dutch agriculture changes name, targets mergers

first_imgHe said his scheme wanted to have more “clout” and increase efficiency through growth.BPL, which has approximately 600,000 participants in total, absorbed four pension funds in 2015.Together, they represented €880m of pension assets and 17,350 participants.Among those schemes merging with BPL were the Dutch company pension funds of Heinz, flavourings producer Givaudan and butter maker Dairy Trading.The industry-wide pension fund for the vegetable and fruit-processing sector, Groenten en Fruit, joined BPL as well.BPL also recently took in the sector scheme for the cigar industry.Roest said his scheme also hoped to accommodate pension schemes related to the trade in agricultural products and matching chains, including auction houses for agriculture and market gardening.BPL is not in merger negotiations, however, with entire sectors, the chairman added.As of the end of 2015, BPL had 105,000 active participants, 65,000 pensioners and 430,000 deferred members.The scheme’s funding stood at 92.5% in November.Last year, the €21.5bn pension fund for the graphics sector – Pensioenfonds voor Grafische Bedrijven – changed its name to Pensioenfonds PGB for similar reasons.In the Netherlands, PGB has been known to take in pension funds from a range of sectors.Over the past decade, it has absorbed 36 pension funds across industries ranging from rubber to cardboard and from financial service provision to wholesale flowers and plants. The €14.3bn pension fund for the Dutch agricultural sector – Bedrijfspensioenfonds voor de Landbouw – has changed its name to BPL Pensioen and announced its intention to attract pension funds from related industries.Gerard Roest, BPL’s workers chairman, said the scheme would like to become the pension fund for the “green sector”.“For a long time, our name has not fully covered what we stand for – horticulturists and agricultural contractors, for example, have been among our participants for decades.”According to Roest, the pension fund has extended its target group to sectors that have a similar culture and labour market as the agricultural sector, such as cigar-manufacturing and vegetables and fruit-processing firms.last_img read more

CFA: Drop in EU nationals ‘a huge loss’ for UK investment sector

first_imgThe vast majority (91%) of UK-based EU nationals also said they felt the UK had become less competitive as a financial centre. The CFA Society UK questioned more than 1,100 of its members, including British, EU, and non-EU nationals. Non-EU nationals were more positive than EU nationals working in the UK. Of those quizzed by the CFA, the majority of whom are from North America or Asia, 69% said they would stay in the UK after it leaves the union.Four in five (81%) British respondents said they would stay in the country.Will Goodhart, chief executive of CFA Society UK, said falling numbers of EU nationals in investment management would be “a huge loss for the UK market”, and it was “crucial” to minimise this loss as much as possible.“It will be vital to resolve the issues impacting the City post-Brexit quickly and favourably in order to retain those that are undecided about their plans,” Goodhart said. “If the City doesn’t attract and retain the best talent from all regions, its ability to serve clients and the end investor will be weakened.”Despite the lack of certainty emanating from discussions between the UK and the EU27, some financial services groups have already begun moving jobs out of London and into other UK countries. Leaders of major EU cities have also been trying to attract businesses seeking to relocate. The UK investment management sector could lose a significant amount of its EU workforce post-Brexit, according to a poll by the CFA.The professional standards body found that less than half – 42% – of EU nationals who responded to the survey and currently worked in the UK planned to stay after Brexit, and 16% planned to leave the country. The remainder were undecided, said the CFA Society UK.In addition, less than half (43%) said they felt their job was secure.“These results are a clear sign of the uncertainty and disillusionment in the profession surrounding the expected repercussions of the referendum result for the UK market,” the society said in a statement announcing the results.last_img read more

ATP to consider CEO’s future as dividend tax scandal unfolds

first_imgChristian HyldahlHe said the pension fund’s supervisory board had continuously reviewed the CEO’s statements and discussed the situation at a business committee meeting, and that the same would happen on the board. “As the next ordinary meeting is not scheduled until the middle of December, I have convened an extraordinary meeting. I am looking forward to it,” Andersen told the newspaper.An ATP spokesman confirmed Andersen’s comments to IPE and said the meeting would take place on Monday.Hyldahl has made several statements on the issue in the Danish press since the matter erupted.In one report in Børsen, he said: “I can’t remember why a fund structure via Nykredit was chosen, but I would like to emphasise that I would not want to approve anything along those lines today.“First and foremost, because it is not the intention of double-tax treaties to be used in connection with short-sighted trades. In this regard, I have changed the opinion I held at that time.”An ATP spokesman confirmed these quotes.Fallout from scandal spreads ATP, Denmark’s giant statutory pension fund, is to hold an extraordinary meeting of its full supervisory board on Monday after its CEO was dragged into a wide-ranging dividend tax scandal.Christian Hyldahl, ATP’s chief executive, has come under political pressure in recent days since revelations earlier this year linked him to the so-called ‘Cum-Ex’ scandal, related to dividend tax speculation by financial institutions and investors in several countries.In his previous job at Nordea, Hyldahl was in charge of a division within the bank that engaged in a legal but now hotly debated practice involving dividend tax, according to Danish business newspaper Børsen. Several political parties in Denmark – the Liberal Alliance, the Danish People’s Party, the Conservatives, the SF and the Alternatives – have questioned whether Hyldahl should continue at the helm of ATP. Some parties have also said that they needed more information on the case. The chairman of the DKK779bn (€104bn) pension fund, Torben Andersen, told Danish newspaper Berlingske Tidende that he had called the special meeting to discuss the implications on Hyldahl’s role.“As I have said before, we take the matter very seriously on the board,” Andersen said.center_img Source: ATPATP’s office in Hillerød, DenmarkSeveral other Danish pension funds have been dragged into the Cum-Ex scandal. ATP, along with PFA and PKA, last month said they had out their future relationships with Australian investment bank Macquarie under review after it ws implicated in the case.The three funds collaborated with Macquarie earlier this year on a deal to buy former national telecoms company TDC in a consortium alongside Macquarie Infrastructure and Real Assets.Danish public broadcaster DR has named a long list of foreign banks and other investment firms as allegedly being involved in the Cum-Ex withholding tax fraud.According to an investigation by a collaboration of media outlets, those perpetrating the so-called Cum-Ex fraud traded shares rapidly to allow multiple claims to claw back dividend taxes – even though the tax had not been paid.In a separate comment, Torsten Fels, chief executive of labour market scheme PenSam, has described the scandal as “the expression of a sick culture and business ethic in a broad swathe of the international financial sector, to which we are deeply opposed”. He promised to step up his fund’s due diligence and screening of investments and partners.last_img read more