Investing in commercial property

first_img17 December 2003Foreign investors, mainly from the UK, Ireland and Germany, are increasingly buying South African commercial property as a medium- to long-term investment, according to business information service I-Net Bridge.According to Peter Golding, chief executive officer of Golding Commercial Properties (GCP), a subsidiary of the Pam Golding Properties group, GCP has been receiving ongoing inquiries for commercial property investments of late.Golding told I-Net Bridge that investors are currently looking for commercial properties in South Africa with capital ranging from about R10-million to R200-million to invest.A notable example cited by Golding is that of a “big German financial institution” wanting to invest $20-million (about R128-million) in prime commercial property for a closed end fund.Golding says investors are seeking quality stock and tenant credibility, with a preference for a single, prime commercial A-grade property with a 10-year lease with a branded corporate.And, says Golding, it’s Cape Town which is attracting the most interest.“With its high appeal and tremendous international exposure, Cape Town continues to be seen in an extremely positive light by potential offshore investors who perceive tremendous capital growth in the property market”, Golding told I-Net Bridge.What about the costs? Put simply, that is “not the issue”, he says.Chris Immelman, the head of Golding Commercial Properties’ leasing and sales division, told I-Net Bridge that the demand for quality commercial stock in Cape Town “presents an opportunity for corporates who own their own buildings to consider the benefits of undertaking a corporate sale and leaseback, thereby unlocking capital which can then potentially be better utilised in business.”Golding says that while the national market is currently characterised by a lack of available, quality stock opportunities also exist in centres such as Johannesburg, Bloemfontein, Durban and Port Elizabeth.The high demand for residential property in the Boland and Overberg region of the Western Cape is also having a positive impact on the commercial property market in the area.Immelman says the surge in demand for homes in the Helderberg Basin in areas such as Stellenbosch, Gordon’s Bay, Somerset West and Paarl is boosting the demand for commercial property, particularly for the lease and sale of office and retail space.Eugene Muntingh, GCP regional sales manager, says overseas investors are also expressing an interest in this area, with UK and German buyers wishing to invest in fully tenanted property from R5-million reporterlast_img read more

The Red Sox Bucked Convention To Build A Champion

After Manny Machado waved at a Chris Sale slider for the final out of Game 5 of the World Series on Sunday — the final pitch of the 2018 baseball season — Boston Red Sox catcher Christian Vazquez bolted toward the pitching mound and leaped into the arms of the lanky Sale. The celebration began there and spilled into the visiting clubhouse at Dodger Stadium, where the Red Sox sported goggles to protect themselves from the salvos of alcohol. They sang “New York, New York” and “California Love” as both songs blasted from portable speakers. The Red Sox had their fourth World Series title this century with a 5-1 win over the Los Angeles Dodgers, taking the series four games to one.But it’s how the Red Sox arrived at this point, as perhaps the greatest Red Sox team of all time, that is so interesting. While dominating the American League from wire to wire, and then doing the same to a postseason field of super teams, the Red Sox challenged so many narratives along the way.David Price proved that players can shed the most damning of labels with a change in approach (and perhaps just a larger sample of work). Dave Dombrowski, Boston’s president of baseball operations, cashed in trade assets accumulated by former general manager Ben Cherington for premium, veteran players like Sale — even at a time when so many teams were hoarding prospects and young talent. And when other teams elected not to spend in free agency, the Red Sox nabbed the best position player on the market in J.D. Martinez.MLB’s stiffer luxury tax acted something like a soft cap last winter as even large-market clubs like the Dodgers and Yankees vowed to stay under the tax threshold. The Yankees did so for the first time in the luxury tax era, and the Dodgers spent just $4 million on free agents, electing not to bolster what became a suspect bullpen in this World Series. These teams may have taken this route in part because free agency is increasingly viewed as an inefficient way to build a club — but they also likely had an eye on the upcoming free agent class headlined by Bryce Harper, Machado and perhaps Game 5 Los Angeles starter Clayton Kershaw if he elects to opt out of his deal.The Red Sox, meanwhile, were aggressors in a season of passivity. They ranked fourth in free agent spending, going over the luxury tax while leading the majors in payroll. With the slow free agent period, Martinez didn’t even reach an agreement with the Red Sox until spring training camps had opened. The five-year, $110 million contract he signed might not produce value for the club in its later years, but the Red Sox wanted to win in 2018 — and Martinez rewarded Boston with an MVP-caliber season and a home run in the clinching Game 5.1The Red Sox chose Martinez over Eric Hosmer, who inked an even greater deal — $144 million guaranteed — but posted a replacement-level season with the Padres.Those investments — salaries that not every club was willing or able to pay — paid off this October. In many ways, Boston built a super team the old-fashioned way.While much of the Red Sox’s positional group is homegrown beyond Martinez, the Red Sox paid a premium price to acquire Sale from the Chicago White Sox before the 2017 season — and he has been an elite arm in Boston. Prior to 2016, the Red Sox surrendered premium talent for closer Craig Kimbrel. They also gave a record deal to Price that winter — seven years, $217 million. It was their investment in Price that paid off in a big way in the final two weeks of October.On the biggest stage in baseball, Boston kept handing the ball to a pitcher who many doubted could perform in the postseason. Entering his Game 5 American League Championship Series start, Price had never won a playoff game he had started. He was 0 for 11 with a 6.16 ERA.To change his postseason reputation, Price changed his pitch mix.In dominating the Astros in Game 5 of the ALCS, Price threw a career-high share of change-ups, at 41.9 percent of his pitches. He followed that up in Game 2 of the World Series with a change-up rate of 28.4 percent before nearly matching that on Sunday in Game 5 when he threw 89 pitches, 23 of which were change-ups, for a rate of 25.8 percent. He threw just seven cutters, which was his most frequent nonfastball pitch in the regular season.After allowing a lead-off home run to David Freese on his first pitch of the game, Price blanked Los Angeles for seven innings. He retired 14 straight Dodgers before beginning the eighth by walking Chris Taylor, which ended his night. He allowed one run, two walks and three hits over seven-plus innings. He struck out five.Price has now won three straight October games, including each of his World Series starts. He’s no longer a choker. “This is why I came to Boston,” he said during a postgame interview. “I know it’s a tough place to play. I know it’s challenging with everything that is going to go on here. I’ve been through a lot in three years since I’ve been here.”Despite Price’s contributions, it was Steve Pearce who was named the World Series MVP for his home-run heroics, including a two-run blast off of Kershaw in the first inning Sunday. Pearce — acquired in a midseason trade — led all players in the series in win probability added, which measures the change in win expectancy between plate appearances. The Red Sox acquired Pearce for his platoon advantage against left-handed pitching, and he came through for them.All teams are trying to do the little things, to find value where others do not. All teams are employing data and video, development and coaching, to get more out of players already on the roster. But the Red Sox did a lot of big things, things that others thought they ought not to. They ignored many common narratives and leaguewide trends.It paid off in a big way. read more

PDA Manifesto launched Skippings touts having real experience

first_img Related Items: #MagneticMediaNews Facebook Twitter Google+LinkedInPinterestWhatsAppcenter_img Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, December 12, 2016 – Manifesto also came today from the Progressive Democratic Alliance, PDA and its party leader, Oswald Skippings said their ideas are not like the others.  Skippings spoke to differences and experience; he dismissed the PNP Leader as proving he cannot do the job and the PDM Leader as being the only one of the three who has never led a government.“You would have heard the Leader of the Opposition beating me up all night, that’s why I was smiling.  Talking about all the achievements and the accomplishments of the PDM, and the Leader of the Opposition has not spent one year, one month, one day, not even an hour as an elected member in any PDM government, much less the Minister.  The accomplishments she was talking about, I was in the PDM government, every one of them, I was a part of the government and most of them were accomplishments that Sam Harvey and myself has done.”The PDA presented some hard copies today but explained that their manifesto is available strictly online to the masses.last_img read more

Murphy insists Phelan crucial to Solksjaer at United

first_imgFormer Liverpool midfielder Danny Murphy believes Mike Phelan will be very crucial to Ole Gunnar Solksjaer, if the Norwegian is to achieve success at Manchester United.Phelan worked as an assistant manager to Sir Alex Ferguson at United but has been re-signed by the club following the temporary appointment of Solksjaer as manager of the Red Devils.“Solskjaer will benefit from having Mike Phelan back at the club to assist.” Murphy wrote in his Daily Mail Column.“He’s a likeable guy and a very good coach and you suspect Sir Alex Ferguson might have been asked for his advice. He didn’t want David Moyes to let Phelan go in the first place in 2013.”harry maguire, manchester UnitedMaguire says United need to build on today’s win George Patchias – September 14, 2019 Harry Maguire wants his United teammates to build on the victory over Leicester City.During the summer, Harry Maguire was referred to as the ultimate…“I do expect a bounce from United over the next few weeks. The players will relish the prospect of playing in a more attractive way. Some of the big names like Paul Pogba will have a new spring in their step having been benched by Mourinho. It’s called freedom.”“While someone like Zinedine Zidane would gain automatic respect because of his status, Solskjaer can still earn it quickly by communicating well on the training pitch.”“United did not anticipate being in this position, hence the call to Ole Gunnar Solskjaer for six months. It is a bit left-field but not crazy. He knows the club and understands its expectations.”last_img read more

De Bruyne Man City have been sussed out this season

first_imgBelgian star Kevin De Bruyne believes that Manchester City’s rivals have begun to understand their tactics better in what has notably been a more difficult season.Last season saw Pep Guardiola’s side only losing twice on route to a record-breaking campaign in the Premier League by finishing 19 points above runners-up Manchester United and becoming the first team to reach 100 points.But this term has seen City lose four times already and they are only ahead of Liverpool, who have a game in hand, by goal difference at the top of the standings.“In the league, we lost a few more games than we did last year but we are still fighting on all fronts,” said De Bruyne, according to Sky Sports.“I think other teams figure out what we do, maybe, a little bit better. They may also have better squads. We just added one player, the rest is the same team.“The way we play is always going to be the same with Pep, we’re not going to change. Everybody knows that.”The Citizens do, however, remain in a strong position for more silverware this season with a Carabao Cup final against Chelsea at Wembley coming up this Sunday.Meanwhile, City remain in the hunt for FA Cup and Champions League glory which has prompted talk of winning an unprecedented quadruple.“But in the end, I don’t think there is a lot of difference. We have a lot of points in the league and I think the standard we are setting is still very high,” De Bruyne continued.“Maybe it’s not the same as last year but maybe we’ll win more titles this year. The most important thing is the titles. If we win three titles we will have done better than last year.Harry Maguire, Manchester UnitedLiverpool legend Nicol slams Harry Maguire’s Man United form Andrew Smyth – September 14, 2019 Steve Nicol believes Harry Maguire has made some “horrendous mistakes” recently, and has failed to find his best form since joining Manchester United.“I think the goal is not to win the four competitions. The goal is to win every game and then the further you progress.“We are happy with where we are but we want to progress in every round we play in. That’s now the Champions League.“We want to do well and go to the quarter-finals, so we are one step closer to winning it. To set standards to win all four – that’s nearly impossible.”City are in Germany right now for the first leg of their last-16 Champions League tie against Schalke 04 with kick-off set for 9:00 PM (CET) tonight.⚽️ UCL MATCHDAY! ⚽️Schalke v CityUEFA Champions LeagueRound of 16 First LegVELTINS-Arena20:00 UK#s04vcity🔵 #mancity— Manchester City (@ManCity) February 20, 2019last_img read more

Omar Qudrat on his campaign for the 52nd Congressional District

first_imgOmar Qudrat on his campaign for the 52nd Congressional District Interview by Carlos Amezcua KUSI Newsroom, Updated: 4:14 PM KUSI Newsroom October 17, 2018center_img SAN DIEGO (KUSI) – In November, voters in the 52nd Congressional District will decide who will represent them on Capitol Hill. Republican candidate Omar Qudrat joined us on Good Morning San Diego to discuss his campaign.Omar’s campaign supplied KUSI with the following information about the candidate:A native Southern Californian, Omar is a former U.S. Department of Defense official and is currently a Captain in the U.S. Army Reserve. Omar was a counter-terrorism Prosecutor at the U.S. Department of Defense where his office had worldwide jurisdiction over violations of the law of war committed by al Qaeda and associated forces. Omar spent 18 months in Afghanistan as a civilian Defense Department official. Omar is the son of immigrants from Afghanistan and his family fought hard for the American Dream. Omar is running to end veteran homelessness, modernize education, lift up our least well off, secure the nation, and protect the American Dream Posted: October 17, 2018 Categories: Local San Diego News, Politics FacebookTwitterlast_img read more

New flood maps show Del Mar houses in danger of flooding

first_img July 15, 2019 New flood maps show Del Mar houses in danger of flooding Updated: 5:49 PM KUSI Newsroom KUSI Newsroom, center_img 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – New federal flood maps from FEMA show a significant increase in flood danger in Del Mar.Hundreds of multi-million dollar homes that are near sea level may be in danger of flooding. The houses along the beach are now believed to be vulnerable of high wave action as it increases due to climate change. The area begins at Dog Beach in Del Mar and goes to Powerhouse Park.This information has the potential to increase insurance costs for homeowners. The map revisions will also require some homeowners to get flood insurance.There is now a major push to build a sea wall to protect those homes that are vulnerable to flooding. Posted: July 15, 2019 Categories: Local San Diego News FacebookTwitterlast_img read more