Big block and dual living potential draws bidders

first_imgThe home at 12 Princess St, Marsden.A three-bedroom, one-bathroom home, on a massive 1006sq m block, has sold under the hammer in Marsden. LJ Hooker — Sunnybank Hills selling agent Ben Leong said 12 Princess St sold for $345,000 to an investor. Mr Leong said there were two registered bidders and a crowd of 10 at the auction.“The investor was bidding on the phone,” he said.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020The highset property backs onto Mudgee Street Park and was marketed as the “perfect place” for investors, business owners and home buyers.“For investors, this is also a great find, with this home’s dual-living potential offering you the chance to double your money with two separate tenancies at once,” Mr Leong said.The property has side access and space for six or more cars to park on the premises. Upstairs there is an open-plan living, dining and kitchen area opening to the front porch and rear balcony. There is also three bedrooms and a family bathroom. Downstairs there is a laundry, toilet, rumpus room and a family room that opens to the rear patio.last_img read more

Asset management roundup: UK, China regulators agree stock connect programme

first_imgUS asset manager MFS is seeking to grow distribution in ItalyUS asset manager MFS Investment Management has signed a partnership agreement with Deutsche Bank to aid its distribution strategy in Italy.The deal means Deutsche Bank’s network of financial advisers and private banks will have access to a number of Luxembourg-domiciled funds including US, European and global equity strategies as well as fixed income and multi-asset products.Andrea Baron, managing director for Italy at MFS, said: “This is an important step in achieving our ambitious growth aspirations in Italy as we deepen our relationships with our Italian client base.”MFS has $466.9bn in assets under management worldwide. UK and Chinese regulators have approved a scheme to enhance cross-border investing between the two countries.The Shanghai-London Stock Connect programme was set up by the London Stock Exchange (LSE) and the Shanghai Stock Exchange (SSE) to provide investors and companies with improved access to the two markets. It was supported by the UK and Chinese governments, according to a joint press release issued today by the regulators.Investors will be able to buy Chinese companies depositary receipts issued via a separate segment of the LSE’s main market. Companies must have A-shares listed on the SSE’s main board. Premium listed UK companies will be able to apply for admission to the SSE’s main board.Andrew Bailey, chief executive of the UK’s Financial Conduct Authority (FCA), said: “This new scheme will deepen and strengthen connectivity between UK and China capital markets to the advantage of both countries. “We both believe in the positive contribution regulators can make in international capital markets, and the new co-operation we’re announcing today will be an important contributor to the success of the scheme.”The FCA and the China Securities Regulatory Commission said in a joint statement that the range of securities eligible for the stock connect programme could grow depending on market demand.The Shanghai Stock Exchange has a total market cap of CNY31.7trn (€4.1trn) across all its indices, according to its website.DWS to sell hedge fund businessIndependent asset manager Alma Capital has agreed to buy DWS’ €2bn hedge funds business.Six institutional funds will be transferred to Alma Capital as part of the deal, the manager said in a statement released on 14 June. The deal will more than double Alma Capital’s existing assets under management of “near $2bn” (€1.8bn), according to the firm’s website.The funds are built by DWS but managed by third-party asset managers, either as single manager strategies of funds of hedge funds.Subject to regulatory approval, the funds will be transferred to Alma Capital in the second half of this year.In addition, specialist alternatives investment group EnTrust Global has upped its stake in Alma Capital to 25%. EnTrust in turn is owned by Legg Mason (65%) and its chairman and CEO Gregg Hymowitz (35%).MFS strikes Italian distribution deal last_img read more

Chelsea failed in Neymar attempts before Barcelona move

first_img Promoted Content7 Things That Actually Ruin Your Phone7 Famous And Incredibly Unique Places In Thailand7 Reasons Why You Don’t Get Your Work Done On Schedule6 TV Shows That Got Better After A Major Character Had LeftWhich Country Is The Most Romantic In The World?10 Stunning Asian Actresses No Man Can Resist10 Risky Jobs Some Women DoPortuguese Street Artist Creates Hyper-Realistic 3D Graffiti5 Of The World’s Most Unique Theme Parks9 Heroes Of Popular Memes Then And Now10 Hyper-Realistic 3D Street Art By OdeithWho Earns More Than Ronaldo? The Blues offered Neymar a long-term contract, a new car and a luxurious mansion in London, but he rejected the approach. Chelsea then launched another bid for the player three years later and attempted to persuade Neymar by saying that he would have a similar role to famous basketball star Michael Jordan and leave a similar legacy as Jordan did at the Chicago Bulls. read also:Neymar was Real Madrid president’s “dream signing” Neymar however had already committed his future to Barcelona. FacebookTwitterWhatsAppEmail分享 Chelsea made unsuccessful attempts to sign Neymar from Santos ahead of his move to Barcelona, it has emerged. Loading… Diario Sport cite a report from The Athletic which details the West London club’s unsuccessful attempt to land the Brazilian star before his move to Camp Nou in the summer of 2013. Michael Emenalo, the former technical director of Chelsea, travelled to Brazil in the summer of 2010 to try and put together a package for the upcoming teenage star, who was aged 14 at the time.Advertisementlast_img read more

Barca chiefs in talks with Pochettino after Setien sack decision

first_img Loading… Barcelona chiefs held a meeting with Mauricio Pochettino just days before their 8-2 bashing at the hands of Bayern Munich, according to reports in Spain. Barcelona are expected to sack Quique Setien in the coming days, with Pochettino set to be offered the job. Barcelona are out of the Champions League after the fourth-heaviest defeat in the club’s history. In a brutal, one-sided beatdown in Portugal, the Bundesliga champions put goal after goal past Marc-Andre Ter Stegen. Philippe Coutinho, who is on loan at Bayern from Barca, grabbed two late goals and set another up to add further insult to injury for Setien’s side. Speaking moments after the game, club president Josep Bartomeu conceded that changes will be made in the coming days – some of which were decided before the game. One of those changes appears to be the decision to relieve Setien of his duties, just six months after he was given the job. The 61-year-old was under fire earlier this season after Barcelona failed to win the La Liga title, with reports suggesting Arsene Wenger was offered the chance to take over. But now, former Tottenham boss Pochettino is the club’s first-choice to take over, and club officials apparently held a meeting with him earlier in the week to discuss taking the role. Read Also: Messi ‘isolates’ himself from teammates after Barca defeat (Photo) “I think that right now it’s too soon to be talking about whether I stay at the club or not. “The reality is that it doesn’t depend on me. “It’s worth all of us working out what’s important and considering a wide range of things which correspond to a defeat of this importance and which is so painful.” FacebookTwitterWhatsAppEmail分享 center_img Promoted Content9 Facts You Should Know Before Getting A TattooWho Is The Most Powerful Woman On Earth?Birds Enjoy Living In A Gallery Space Created For ThemCouples Who Celebrated Their Union In A Unique, Unforgettable Way6 Ridiculous Health Myths That Are Actually TrueReal World Archaeological Finds That Would Stump Indiana JonesInsane 3D Spraying Skills Turn In Incredible Street Art8 Weird Facts About Coffee That Will Surprise YouWorld’s Most Delicious Foods5 Of The World’s Most Unique Theme ParksBest Car Manufacturers In The WorldEver Thought Of Sleeping Next To Celebs? This Guy Will Show You Fabrizio Romano of Sky Italy reports that Barcelona have already decided to sack Setien, and Spanish radio station RAC 1 claims Pochettino has been contacted. Speaking after the game, Setien admitted his decision is out of his hands, and he can do little to alter his fate now. “It’s a tremendously painful defeat,” Setien conceded. “They scored more goals that they merited. “We started pretty well but the power of the opponents, in many phases of the play, overran us. “I’m not going to talk about what is needed at the club. I’ve been here for just a few months. “If Gerard Pique says that it’s time for big changes there’s going to be importance to his words. It’s time for us to review and take the decisions which are needed for the future.last_img read more