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Euro brings pressure to UK lease structure lead here

first_imgThe effects of the euro’s launch took hold this week with calls for lease reform and moves to allow rent payment in the new currency.Head of property at BT Alan White said that a single currency will make occupation costs comparable across Europe, which will lead to pressure from multinationals for similar uniform leasing structures.‘I would not be too impressed with a 15-year lease when everyone around me had leases of eight years or less,’ he told a Nabarro Nathanson conference.He also warned that the European Commission could make a move. ‘If we continue with our much longer leases, there’s every chance that Brussels will step in and try to reduce them,’ said White.Meanwhile, REIT Asset Management, run by Kevin McGrath, this week wrote to its major UK tenants offering the chance of paying rent in euros.Most of REIT Asset Management’s tenants on its £150m European portfolio already pay rent in euros. And REIT is also looking for opportunities to invest in sale and leaseback deals in euros.McGrath said that he is looking into the possibility of raising debt in euros because European interest rates are lower than the UK.According to new research by Fletcher King and solicitor Radcliffes, landlords cannot compel tenants to pay in euros. Member states already signed up to the euro are covered by a specific European provision which protects parties accepting or paying in euros for three years. The UK is not covered by this provision, but as sterling is legal tender, parties cannot be obliged to pay in euros.Patricia Godfrey, head of Nabarro Nathanson’s single currency group, said that the euro will remove the risks of investors hedging against currency fluctuations.She added that the euro would make investors focus on tenant quality and market fundamentals, rather than how they would deal with individual currency risks. Former hsbc economist Roger Bootle and Richard Ellis’ Angus McIntosh debate the pros and cons of the euro in next week’s issue of Property Weeklast_img read more

Protests in Madrid before partial lockdown widened

first_imgHospitals overrun But national Health Minister Salvador Illa on Friday called on the regional government to extend its restrictions to the entire city as well to surrounding areas with more than 500 cases per 100,000 inhabitants.He warned that hospitals in the region of around 6.6 million people are already overrun with coronavirus cases, and it should prepare for some “hard weeks” ahead. In a tweet on Sunday he once again urged the regional government of Madrid to “review the measures it announced and follow the recommendations of scientists and health experts”.Since the central government ended its state of emergency on June 21, responsibility for managing the pandemic has been transferred to Spain’s 17 autonomous regions.Over the past week, Spain has registered the highest number of new cases within the EU with a rate of nearly 300 per 100,000 inhabitants — but in the Madrid region, the figure is currently more than 700 per 100,000.Topics : ‘Makes no sense’ Similar smaller demonstrations were held in other parts of the city, including in front of city hall and at the seat of Madrid’s regional government in the central Puerta del Sol square.”It makes no sense that you can go to work in a wealthier area but can’t go have a drink,” Marcos Ruiz Guijarro, a 27-year-old electrician who like many of his neighbors travels to the center of Madrid every day to work, told AFP.”Infections are rising everywhere, the rules should be the same for everyone.”Many demonstrators complained that the regional government was failing to improve public healthcare or doing anything to reduce overcrowding in the transport system, where they said the virus could easily spread.The protesters clapped in unison while calling for the resignation of regional leader Isabel Diaz Ayuso, under fire for saying that the “lifestyle” of people in the affected neighborhoods was partly to blame for the rise in COVID-19 cases.The regional government says it has targeted areas where the contagion rate is above 1,000 cases per 100,000 people. Protesters hit the streets of Madrid against virus restrictions on Sunday, a day before a partial lockdown is extended to more areas of Spain’s capital region try to curb a surge in coronavirus cases.The city with its surrounding region is at the epicenter of a second wave of infections sweeping Spain.COVID-19 has already claimed more than 31,000 lives among more than 700,000 cases nationwide, the highest infection rate in the European Union. Some 850,000 people in 37 mainly densely-populated low-income districts in southern Madrid have since September 21 been confined to their neighborhoods, unable to leave except for work, school or medical reasons — although they are able to move freely within their own areas.Parks in the affected neighborhoods are closed and restaurants and other businesses must shut at 10 pm in a country with a tradition of eating late.The regional government of Madrid, which is responsible for health, will from Monday extend the restrictions to eight more districts home to another 167,000 people.Its latest move falls short of a recommendation from Spain’s leftist central government that the partial lockdown should cover the entire city. Hundreds of people gathered outside the Madrid regional parliament in southern district Vallecas, one of the neighborhoods under partial lockdown since last week, to protest against the restrictions.Many complained of discrimination by the authorities.”It’s not lockdown, it’s segregation!” the crowd chanted as they briefly blocked a road in front of the assembly.”They don’t confine the rich,” was among one of the signs on display at the protest, which drew groups of young people, retired couples and young parents pushing baby strollers.last_img read more

Arsenal confident they have major advantage in race to sign Adrien Rabiot

first_imgAdrien Rabiot is set to leave PSG in the summer on a free transfer (Picture: Getty)Arsenal believe they hold a major advantage in the race to sign PSG contract rebel Adrien Rabiot.The France international has rejected several contract offers from the Ligue 1 giants and is intent on leaving on a free transfer in the summer.Barcelona were the favourites to sign the 23-year-old but a move to Camp Nou now looks unlikely given the Catalan giants invested £65million on Ajax starlet Frenkie de Jong in January.More: 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 City Unai Emery speaks to the press ahead of Man City v ArsenalTo 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 12:23FullscreenUnai Emery speaks to the press ahead of Man City v Arsenalhttps://metro.co.uk/video/unai-emery-speaks-press-ahead-man-city-v-arsenal-1854448/This 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.Tottenham and Liverpool are also keen on Rabiot, but Arsenal, according to the Mirror, feel Unai Emery’s personal relationship with the player could help convince him that his future lies in the red half of north London.AdvertisementAdvertisementADVERTISEMENTArsenal were restricted to making loan signings during the January transfer window and failed in a late attempt to sign Rabiot’s teammate Christopher Nkunku last month.The Gunners are, however, expected to have a substantial budget to work with come the summer and could offer Rabiot lucrative terms, particularly if they are able to find a buyer for Mesut Ozil. Arsenal confident they have major advantage in race to sign Adrien Rabiot Metro Sport ReporterSaturday 2 Feb 2019 11:42 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link Advertisement Comment Advertisement Unai Emery worked with Adrien Rabiot at PSG (Picture: Getty)This week it was reported that Rabiot, who spent a year at Manchester City earlier in his career before returning to France, would prefer a move to Liverpool over Spurs, whose attempts to so sign him were mocked by their former defender William Gallas.In an interview with Leo Vegas, Gallas said: ‘There is no chance that Rabiot will go to Tottenham. If he leaves Paris Saint-Germain, he will join a big club who wins trophies.’More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing Arsenal last_img read more

​Danish pension fund tenders $110m small cap equity mandate

first_imgIt will only consider actively managed products, with any index or multi-manager propositions not of interest.Allowing for a “suitable” tracking error, the portfolio is expected to outperform the chosen benchmark by at least 2% each year.Kirstein said that it was open to talking to new managers without an existing strategy or those that had yet to establish themselves with a track record in excess of 3 years.Once the consultant has completed its analysis, it will present a shortlist to the pension fund client.Interested parties have until 9 January to apply, with further information accessible through IPE-Quest.For any questions regarding the IPE-Quest search, please email info@ipe-quest.com. For full information, please go to IPE-Quest. A Danish pension fund has tendered for a small cap equity manager, using IPE-Quest.According to search QN1418, which is being conducted by Kirstein Finans on behalf of the unnamed scheme, the fund is looking to invest in both US small and mid-cap companies.It said that the mandate should seek to outperform a relevant benchmark, but did not tie itself to any one specific index, with the scheme open to core, growth and value strategies.While it ruled out investing in pure large or mid cap products, Kirstein said that the fund would allow a small exposure to large caps within the portfolio.last_img read more

England soccer captain Terry charged with racism

first_img Share Share Share Sharing is caring! England soccer captain John Terry London (CNN) — England soccer captain John Terry will be charged with racially abusing another player, the UK’s Crown Prosecution Service said Wednesday.The incident concerns comments the Chelsea footballer allegedly made to Queens Park Rangers player Anton Ferdinand in a recent English Premier League match.“I have today advised the Metropolitan Police Service that John Terry should be prosecuted for a racially aggravated public order offense following comments allegedly made during a Premier League football match between Queens Park Rangers and Chelsea on 23 October 2011,” said Alison Saunders, Chief Crown Prosecutor for London.“I am satisfied there is sufficient evidence for a realistic prospect of conviction and it is in the public interest to prosecute this case.”Terry will appear before magistrates in west London on February 1, 2012, she added. The maximum penalty for the offense is £2,500 ($3,900).The London-born defender denied the allegations. “I am disappointed with the decision to charge me and hope to be given the chance to clear my name as quickly as possible,” Terry said in a statement issued through the Press Association.However, he missed a penalty in the 2008 European Champions League final against Manchester United which would have given Chelsea that trophy for the first time.Terry has made more than 500 appearances for the club since his debut in 1998, one of only five players to do so, and has represented his country 72 times since 2003.“I have never aimed a racist remark at anyone and count people from all races and creeds among my closest friends.“I will fight tooth and nail to prove my innocence. I have campaigned against racism and believe there is no place for it in society.”Chelsea Football Club also gave its support for Terry: “John has made it clear he denies the charge and is determined to do all he can to prove his innocence,” the club said in a statement.“Chelsea FC has always been fully supportive of John in this matter and there is no question that we will continue to be so.“The club finds all forms of discrimination abhorrent and we are proud of the work we undertake campaigning on this important issue. Chelsea will not be commenting further on the subject while the legal process runs its course.”The prosecutor’s decision to charge Terry came one day after Liverpool striker Luis Suarez was found guilty by the English Football Association of racially abusing Manchester United player Patrice Evra in October.The Uruguay international was suspended for eight matches and fined £40,000 ($63,000) after a seven-day hearing by an independent regulatory commission. He has 14 days to appeal the punishment, the FA said.The commission found that Suarez “used insulting words towards Mr. Evra” and that those words “included a reference to Mr. Evra’s color,” the FA statement said.Liverpool FC issued a statement saying it was “very surprised and disappointed” with the decision.“We find it extraordinary that Luis can be found guilty on the word of Patrice Evra alone when no one else on the field of play — including Evra’s own Manchester United teammates and all the match officials — heard the alleged conversation between the two players,” the club said.“We will study the details reasons of the commission once they become available, but reserve our right to appeal or take any other course of action we feel appropriate with regards to this situation.”Suarez did not specify what he said, but had previously said it wasn’t offensive.By Peter Wilkinson, CNNcenter_img NewsSports England soccer captain Terry charged with racism by: – December 21, 2011 Tweet 55 Views   one commentlast_img read more

Violence against Caribbean women targeted by Chile, OAS.

first_img Sharing is caring! Violence Must StopWASHINGTON DC, USA – A Letter of Intent to strengthen capacities in the area of violence against women in the Eastern Caribbean has been signed by Chile and the Organization of American States (OAS).Violence against women in Antigua, Dominica, Grenada, St Lucia, St Kitts and Nevis, and St Vincent and the Grenadines has been targeted by the initiative.“The problem still exists, but we are working very hard to reduce it,” said OAS Secretary General Jose Miguel Insulza, who stressed that protecting women’s human rights was one of the OAS’ priorities.“It is very important that we continue providing technical assistance to countries to improve their legislation,” he added.Chile recently contributed US$1million for social development in the Caribbean, of which $113,000 targets gender-based violence in the region.“The ability of Caribbean countries to act together with the international community and to create a common market of 16 million people is a lesson for all of us,” said Chilean Foreign Minister Alfredo Moreno.Deborah-Mae Lovell, the Permanent Representative of Antigua and Barbuda to the OAS, said the Caribbean Community (CARICOM) thanked Chile for its continued assistance for social development.She called the Letter of Intent “another example of the government of Chile’s partnership with the Caribbean”.In February, Chile and CARICOM held a Joint Commission in Santiago, the second time such talks had been held.The agreement was signed at the residence of Chilean Ambassador to the United States Felipe Bulnes.Caribbean 360 News 72 Views   no discussions Share NewsRegional Violence against Caribbean women targeted by Chile, OAS. by: – May 12, 2012center_img Share Tweet Sharelast_img read more

4-year-old boy dies after falling from South Florida condo

first_imgA young boy has died after he fell from the 16th floor of a South Florida condo building last weekend.According to reports, 4-year-old Jesse Delduca had been at Quadomain Condominium in Hollywood with his twin brother, mother, father and aunt on Saturday morning when his father opened a screened window. The father later noticed the screen partially bent out and removed it. Later still, the aunt looked out the window and saw the boy laying on the ground.The family rushed downstairs, and told the lobby attendant to call 911.The Broward Medical Examiner’s Office released a report Thursday describing Jesse Delduca’s accidental death.A Hollywood police spokesman said the investigation was ongoing.last_img read more

Field hockey wins Asics Invitational; Volleyball swept at Penn State Invitational

first_img Published on September 3, 2013 at 2:37 am Facebook Twitter Google+ Syracuse claimed the title at the Asics Invitational this weekend. The Orange defeated Hofstra, 4-1, on Sunday to become champions in Hempstead, N.Y.No. 5 SU (2-0), who defeated Quinnipiac (1-1) 5-1 in its first game, led the Pride (1-1) 3-0 in the first half and cruised to the final whistle. SU had 21 shots with 16 on target, while holding Hofstra to four total shots, with just two on target.The scoring started less than 13 minutes in, as Emma Russell scored her first goal of the year. About five minutes later, Alyssa Manley scored on an opportunity provided to her by Leonie Geyer. Geyer, the tournament MVP, finished the weekend with one goal and three assists.Hofstra’s lone goal came off of a second-half penalty corner, courtesy of Carissa Witmer. SU responded with a penalty corner of its own, which was converted by Lauren Brooks to extend the lead to three.Syracuse’s defense took it from there, holding Hofstra to one shot in the last 25 minutes of game time.AdvertisementThis is placeholder textSU’s dominance was reflected in the All-Tournament team selections. Leonie Geyer, Manley, Laura Hahnefeldt and Jordan Page were all represented on the team.The Orange will try to carry that momentum to East Lansing, Mich., where SU takes on Michigan State on Friday.VolleyballSyracuse (0-2) opened its season this weekend with a pair of sweeps at the hands of two ranked teams at the Penn State Invitational in University Park, Pa.In its opener against No. 17 Louisville (1-1) on Friday, the Orange battled back and forth in the first set, eventually losing it 25-20. The Cardinals dominated early in the second set, fighting off a late Orange rally to take the set 25-19.SU battled to stay in the match throughout the third set, keeping even with the Cardinals until the match reached 16-14, but the Cardinals rattled off nine of the last 12 points to close the set and the match.Against then-No. 2 Penn State (2-0) on Saturday, Syracuse was able to stay competitive early in the first two sets, trailing 13-11 and 15-12, respectively. Penn State took control at this point in each set, though, closing out the two sets 25-15 and 25-17.The Orange fired off a 6-2 run in the third set to tie the game at 11, but the Nittany Lions were able to go on a 14-6 run at this point to close the match.Nicolette Serratore and Silvi Uattara each tallied six kills, and Erica Handley chipped in 16 assists.SU will play its first home games this weekend in the Candlewood Suites Invitational against Stony Brook and Rutgers on Friday and Oakland and Colorado on Saturday.—Compiled by staff writers Danny Cuneo and Ryan Raigrodski Commentslast_img read more

Syracuse defender Nick Mellen nominated for Tewaaraton Award

first_img Published on April 25, 2019 at 3:42 pm Contact Andrew: aegraham@syr.edu | @A_E_Graham Comments Syracuse defender Nick Mellen, was named as one of 25 nominees for the Tewaaraton Award on Thursday.Mellen is one of five defenders on the list, joined by Johnny Surdick of Army, and Cade van Raaphorst and JT Giles-Harris of Duke. Since April began, Mellen has yet to allow his match up to score a goal and has held his opponent to less than a point per game.To boot, Mellen has scooped 24 ground balls this season and caused 14 turnovers, moving him to 50 total and fifth all-time in SU program history.The Tewaaraton is given annually to the best player in college lacrosse. Five finalists will be selected from the 25 nominees and announced on May 9. The Tewaaraton will be awarded on May 30.No. 4 seed Syracuse (9-3, 2-2 Atlantic Coast) opens the ACC tournament on Thursday night against No. 5 seed North Carolina (7-6, 1-3) at 6 p.m.AdvertisementThis is placeholder textcenter_img Facebook Twitter Google+last_img read more

New William Hill campaign plays on community

first_img Andrea Vota – Jdigital’s challenge of Spanish restrictions is led by logic and rationale August 13, 2020 William Hill is to launch its new marketing campaign this evening by tapping into the social aspect of betting and gaming. The ‘it’s who you play with’ advertising campaign is the first created by agency 72andSunny Amsterdam since it won the account earlier this summer and continues the marketing shift that William Hill has been following since its Anthony Joshua campaign earlier this year. The firm said that the new campaign is part of a wider business initiative William Hill is undertaking to position itself for the future as the industry becomes increasingly more digital and regulated. Charlotte Emery, Global Brand and Marketing Director at William Hill, commented: “This campaign is meant to reflect the social elements of betting and how William Hill has a heritage of community through its betting shops and now into the digital age.The campaign breaks on national television in the UK today with an initial emphasis on visibility around entertainment programmes rather than just sport, and will be followed by a rollout in Spain. TV advertising is running on BT, Sky, ITV and Channel 4, with supporting activity online, in William Hill stores, and on the William Hill app. Creative agency 72andSunny Amsterdam identified an opportunity to elevate betting, William Hill and its business by showcasing that the brand brings friends together through the shared love of sport; demonstrating that betting with William Hill can provide a positive moment of connection between friends. By socialising betting, William Hill says it is providing a welcome opportunity to connect, irrespective of whether you win or lose.In the work, a suite of assets across TV, social, digital, print, and OOH, show the various ways a group of friends stay connected through sport. ‘Good-natured repartee’ is interwoven throughout the suite of assets while conversations and decisions around sport and betting unfold – both in person and via messaging. By the end, it is clear that they’re all united by their shared passion for sport – even when they can’t be in the same place at the same time.Matt Firth, Creative Director at 72andSunny Amsterdam, added: “Working with William Hill felt like an opportunity for a really fresh take on the betting category. We wanted to get away from all the tired lads and larger stereotypes to create something that felt more relatable and showcased the best of betting. For us, that meant showing how a bet can bring people together, fuel conversation and create real moments of connection.” Submit StumbleUpon Winamax maintains Granada CF sponsorship despite bleak Spanish outlook August 19, 2020 Related Articles SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO August 25, 2020 Share Sharelast_img read more