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12 Responsive Joomla templates from Joomlart for the year 2013
12 amazing responsive joomla templates we have release for the year 2013 here at JoomlArt. It has been an amazing year and we are looking forward to the even...
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12 Responsive Joomla templates from Joomlart for the year 2013 - Video
PRESS RELEASE: ADLER Real Estate AG: ADLER Real Estate optimizes its holdings at the end of the year
DGAP-News: ADLER Real Estate AG / Key word(s): Miscellaneous ADLER Real Estate AG: ADLER Real Estate optimizes its holdings at the end of the year
02.01.2014 / 15:21
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ADLER Real Estate optimizes its holdings at the end of the year
- Disposal of minority interest
- Acquisition of an additional residential property portfolio
- Holdings extended by 10,000 residential units within one year
Hamburg, 2 January 2014. Shortly before the end of the year ADLER Real Estate AG Frankfurt/M., (ISIN DE0005008007) managed to optimize its residential property portfolio, which has been significantly extended within the previous year, according to the company's strategy. ADLER could sell its 49 percent stake, which therefore was a minority interest in a real estate portfolio consisting of approx. 1,200 residential units, which was acquired at the end of August 2013, to its joint venture partner. In return ADLER acquired a majority interest in a housing association in Lower Saxony which altogether comprises approx. 2,400 residential units. 'We decided to dispose the holding in which we only held a minority interest as in the long term we will focus solely on those holdings which we can independently run and optimize based on a majority interest', explains CEO Axel Harloff. Closing of the transaction is planned for the next weeks. Altogether ADLER is further expanding its residential property portfolio to now approx. 10,000 residential units with an investment volume of approx. EUR 530 million. The portfolio fits very well in ADLER's portfolio strategy. This focuses on the acquisition of residential properties in B-locations which generate positive cash flow and show potential for appreciation. The properties are located in cities and communities close to the city of Wolfsburg where the Volkswagen Group is headquartered.
For the financing of the latest acquisitions ADLER can use liquidity from last week's successfully placed convertible bond 2013/2018 with a volume of EUR 11.25 million such as further liquidity of EUR 3.0 million from the disposal of the minority holding. The sale had no additional effect on ADLER's earnings in 2013, but confirms over 90 percent of the at-equity-valuation of approx. EUR 9.0 million which had already been reflected in the company's results of the third quarter.
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PRESS RELEASE: ADLER Real Estate AG: ADLER Real Estate optimizes its holdings at the end of the year
PRESS RELEASE: Grand City Properties S.A. continues the growth plan and successfully acquires additional properties
DGAP-News: Grand City Properties S.A., / Key word(s): Real Estate Grand City Properties S.A. continues the growth plan and successfully acquires additional properties
02.01.2014 / 17:30
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GRAND CITY PROPERTIES S.A. Luxembourg, January 2, 2014.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS
Grand City Properties S.A. continues the growth plan and successfully acquires additional properties
Grand City Properties S.A. (the 'Company') successfully completed the acquisition of several portfolios. As of January 2014 the portfolio includes over 26,000 units and positions the Company's gross rental income run rate on approx. EUR170 million per year.
The Company intends to continue its growth in 2014 and currently is in advanced process of closing of several additional under-performing property portfolios with a total volume of more than EUR200 million.
The portfolios are consistent with the Company's business strategy, and the geographic distribution is with primary focus on North Rhine-Westphalia and Berlin.
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PRESS RELEASE: Grand City Properties S.A. continues the growth plan and successfully acquires additional properties
PRESS RELEASE: Enterprise Holdings Limited: Semi-annual report shows strong growth in premiums and profit - Current fiscal year ending 31 March 2014 probably becomes best year in history
DGAP-News: Enterprise Holdings Limited / Key word(s): Half Year Results/Interim Report Enterprise Holdings Limited: Semi-annual report shows strong growth in premiums and profit - Current fiscal year ending 31 March 2014 probably becomes best year in history
02.01.2014 / 08:15
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Strong growth in gross written premiums (GWP) The non-audited interim figures for the 6 months period from 1 April until 30 September 2013 show 74.3m GBP in gross written premium (GWP) compared to 56.7m GBP for the 6 months period that ended 30 September 2012.
Very positive profit figures On an operational basis the Group achieved a positive technical result of 11.1m GBP (previous year: 3.3m GBP) which resulted in an earnings before interest, tax and amortization (EBITDA) figure of 6.9m GBP (p/y: loss 2.7m GBP).
Outlook: Further growth in GWP and profit in second half of current fiscal year expected Andrew Flowers, CEO of Enterprise Holdings Ltd: 'We continue to expect a very strong organic growth in the existing insurance schemes and therefore for the current fiscal year we forecast an increase in gross written premium to the range of 175m to 200m GBP. In the previous fiscal year 2012/13 that ended 31 March 2013 we achieved 134.8m GBP. Last year we also increased the technical reserves for claims provisions in the UK motor market and set them on the basis of a 'worst case scenario'. The first results from our internal reserves review, which we currently perform, allowed us to release a smaller part of the existing reserves as of 30.09.2013, which has direct impact on our semi-annual financial result. Beside positive contribution from the operational business we expect that we can release an additional substantial amount of the existing reserves by end of the current fiscal year. With the combination of these two effects we are optimistic that 2013/14 will become the most profitable year in the company's history.'
Update on Special Account According to the terms and conditions of the bond, the issuer shall deposit an amount equal to 50% of the issuer's estimated monthly net distributable profits in a specially designated bank account until the monies deposited in such account reach a level equivalent to the aggregate of the principal amount of the Bond and any interest due during the term. Based on the estimated November results in December the company transferred another 400,000 euro to the special account. As of today the total amount deposited in this separate bank account is 5,950,000 euro. Less 2,450,000 euro for first years' interest payment on 26 September 2013 the current net cash balance is 3,500,000 euro. The special account development is published regularly on the company's website http://www.enterprise-holdings.de -> bond -> factsheet.
Semi-annual report The un-audited semi-annual report for the six months from 1st April 2013 to 30th September 2013 is now available for download on the company's website http://www.enterprise-holdings.de in the section Services -> Financial Reports
End of press release
Trending On CBSSacramento.com
SACRAMENTO (CBS13) A paraplegic woman is trying to find a new home for her dog after an allegedy rapist forced her out of her home.
Deputies say about two weeks ago, Abraham Arroyo broke into her apartment on Power Inn Road and sexually assaulted her. Paralyzed from the waist down, she couldnt fight back.
Arroyo was on the run for about a week before he was caught. His Tuesday hearing was continued.
Concerned for her safety, her brother, Jesus, moved her and her two dogs into their modest home with his family.
Theres little room at her brothers home, as his family has dogs too. To make room, shes agreed to give up her longtime companion, a terrier mix named Gus Gus.
I feel like Ive given up my home, my life, and now my dog, she said.
She doesnt want him in a shelter, concerned he may not be adopted. Instead, shes hoping someone will step up and take in Gus Gus.
As she deals with criminal proceedings, she needs to know Gus Gus is settledthe sooner, the better.
The longer he says with me, the harder it becomes on me to let him go, she said.
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Paraplegic Rape Victim Needs New Home For Her Dog