German savings banks look to offload real estate giant Corpus Sireo

first_imgThe three savings banks that jointly own Corpus Sireo – Sparkasse Köln-Bonn (50%), Sparkasse Düsseldorf (25%) and Frankfurter Sparkasse (25%) – are looking for a buyer.Norbert Minwegen, spokesman for Sparkasse Köln-Bonn, said: “Corpus Sireo has developed from a classic regional business into an international one.”He explained the business of savings banks was traditionally focused regionally, and that the three owners therefore decided to look for a buyer.Corpus started off as a regional player in 1995, but the portfolio quickly expanded, first with the exclusive mandate gained in 2001 to manage the properties of Deutsche Telekom. In 2007, the company merged with Sireo real estate, and today it also has properties in the US.Currently, Corpus Sireo is managing more than €16bn in real estate assets, almost €2bn of which is for institutional clients.Minwegen cited the current market environment as another reason to sell Corpus Sireo now.“There is currently a good market for real estate, and so we reckoned it might also be a good time to sell off shares in a real estate company,” he said.Three weeks ago, the Sparkassen commissioned Lazard to look into a possible sale, and, so far, the responses have been “very good” – from both national and international parties.However, Minwegen stressed that none of the current owners was “under any rush to sell”, and that the process of a possible sale had “only just begun”.“We are testing the waters,” he said.Just last week, Corpus Sireo closed its Health Care II fund, taking on board six undisclosed German institutional investors.They provided €150m in equity for the fund, which is to grow to €300m using a debt ratio of 50%.In a statement, Corpus Sireo said: “So far, the fund has acquired eight care homes, and contracts are due to be signed for a further two homes in the next few weeks.”The fund is focusing on new-build care homes in Western Germany, and “at least five” different operators have been earmarked for the approximately 30 care homes to be acquired.The Corpus Sireo Health Care Fund I, which is now fully funded, with a volume of about €430m in 46 care homes, is to date the largest German investor in this asset class.last_img read more

Jamaica’s Reggae Boyz show positives despite soccer loss to Canada

first_imgIn what was a reversal of fortunes from the recently held CONCACAF Gold Cup, the Jamaican senior men’s soccer team, lost 2-0 to a rejuvenated Canada team in Toronto on Saturday.First half goals from Anthony Jackson-Hamel and Jonathon Osario sealed the deal for the hosts but despite the result, the Reggae Boyz gave a better showing and displayed glimpses of hope in their all-round play. Blake beaten twice in 12 minutesAt the 16-minute mark, Jackson-Hamel could make no mistake after benefitting from a sweetly-directed cross to tap home past a flailing Andre Blake. Twelve minutes later Osario was also set up by a neat flick from Jackson-Hamel who turned provider.Canada was down to 10 men after young upstart Alphanso Davis was sent to the showers early after lashing out at defender Damion Lowe.Even though the Jamaicans created history by being the only Caribbean team to appear in two consecutive Gold Cup finals, their possession play in the tournament left a lot to be desired. Oftentimes the team opted to go the aerial route and bypassed the midfield. Midfield play a breath of fresh airOn Saturday, however, the Reggae Boyz worked the ball out of defense and their midfield play was a breath of fresh air. The squad was made up of mainly local based players and representatives of Major League Soccer teams, all of whom have passed through the country’s youth system.The management staff led by coach Theodore Whitmore seem to have their heads screwed on and if the current trend continues then better things may be on the horizon for the Reggae Boyzlast_img read more

A Bosnian and FIFA Bundesleagua champion wants to become a World champion

first_imgVirtual Bundesliga (VBL) champion, Mirza Jahic, faced to the world champion of the game FIFA 15, August Rosenmeier during the visit to Zurich on the occasion of the Golden ball award. Jahic gave an interview  for FIFA.com page after the match which he lost on penalties.“When they asked me if I want to play a friendly match against the FIWC world champion on the Golden ball award, I did not hesitate for even a second. I want to compete, my goal is to  be the best on the world. It was a great experience for me to play with currently the best, even it was just a friendly match“, said Jahic.24 year-old Mirza is the instructor of self-defense, he currently lives in Austria, where he leads his school of martial arts. When he is not on trainings, he plays FIFA 15. He discovered a “recipe“ through which he became a champion of VBL.“Virtual Bundesliga is the greatest tournament in Germany, and the winner wins the title of best player in Germany, Switzerland and Austria. You have to stay focused all the time and believe in yourself. Germany has a lot of great players. It is very hard to be the best“, said Jahic.(Source: klix.ba)last_img read more

Watch: SS Lazio and Sergej Milinković-Savić receive admination from Rey Mysterio!

first_imgImage Courtesy: Twitter(@OfficialSSLazio)GettyAdvertisement tlpgaNBA Finals | Brooklyn Vs1p8jWingsuit rodeo📽Sindre E18ehh2( IG: @_aubreyfisher @imraino ) apWould you ever consider trying this?😱bfutCan your students do this? 🌚8yaokaRoller skating! Powered by Firework The current season is proving to be sensational for Serie A heavyweights SS Lazio. Already in the 3rd spot in the league table, and especially the victory over AC Milan earlier this month, the Eagles are aiming for a Champions league finish this season, which they failed to accomplish in the last year. However, the most bizarre but amazing appreciation comes from none other than the WWE superstar Rey Mysterio himself!Advertisement Image Courtesy: Twitter(@OfficialSSLazio)GettyLazio’s official Twitter handle released a video where the Monday Night RAW veteran was seen addressing the club’s recent performance, specially mentioning Sergej Milinković-Savić. Check it out below-In the clip, the 44 year old, who is the current WWE United States Champion, congratulated Lazio on their brilliant performance in the recent matches, and also mentioned Milinković-Savić, whom he called ‘Sergeant’.The video was originally posted by Milinković-Savić himself on his official Instagram account @sergej___21, and comments from I Biancocelesti teammates were seen.Lazio’s keeper Thomas Strakosha commented: “childhood hero 6….1….9 “, and Jordan Lukaku, the club’s Belgian left back and brother of Romelu Lukaku added in emojis.Currently competing in Group D of the UEFA Aueopa League, Lazio are taking on Romanian stars CFR Cluj this Friday at the Stadio Olimpico. Advertisementlast_img read more

Leafs shutout Nitehawks 3-0 to remain perfect in preseason

first_imgThe Nelson Leafs remained perfect in the Kootenay International Junior Hockey League exhibition season after scoring a 3-0 shutout over Beaver Valley Nitehawks Sunday in Fruitvale.Nelson defeated Beaver Valley 8-2 in Nelson last week and Creston Valley Thunder Cats 5-4 Friday at the NDCC Arena.The Leafs scored a goal in each period against the Hawks.Robson Cramer and Alex Wilkinson scored for Nelson while Adam Maida and Tyler Moffat combined to register the win in goal. Friday, Brandon Sookro scored the winner as Nelson edged the Cats.Matt MacDonald, Darnel St. Pierre and Nolan Percival also scored for Nelson.Maida and Moffat combined to register the win in goal.Nelson concludes the preseason this week with a home-and-home series against defending KIJHL champion Castlegar Rebels.The teams play Tuesday in the Sunflower City before returning to the NDCC Arena Wednesday.Nelson opens the KIJHL regular season Friday in Castlegar against the Rebels.The home opener of the Leafs is Saturday against Creston at 7 p.m.last_img read more

GTU must take some responsibility for current situation

first_imgDear Editor,I sincerely hope that the current impasse in relation to the contract for teachers could be resolved without a prolonged saga; our teachers deserve better. Having said that, I cannot help but feel that the Guyana Teachers Union must also take some responsibility for the current sad situation our teachers find themselves in. This position was arrived at as a result of the following three points:1. The initial offer proposed could at best be regarded as reckless and would have contributed to the perception that the Union is not taking this process seriously. It is one thing to devise a wish list for consideration under ideal circumstances and entirely another to establish a basis for serious engagement in the best interest of those you represent.The proposal from the Union was clearly the former and would have undermined their ability to sit at the table and engage in worthwhile negotiations without seeming to lose significantly – let us be real, a 40 per cent increase for over 9000 teachers retroactive to 2015 in this economic climate is a tall ask. Add that to the request for debunching, which any government would balk at given the enormity of the payout, you leave yourself in the untenable situation we currently face.More importantly, the Union seems to lack the capacity to devise alternative practical arrangements that would see the disbursement of those funds over a protracted period in forms that would see teachers potentially benefiting without an actual cash payout – it appears that they are hoping that the Government would devise same and they will wait forever for that.2. The Guyana Teachers Union, whether they would accept it or not, appeared to be playing politics all along rather than strictly sticking to the business of teachers’ welfare.Unfortunately, like other unions in Guyana, the GTU showed its hand early in 2015 when the pre-existing contract expired under the previous Government and just prior to the general elections they decided to ‘work to rule’ as a form of protest for not arriving at a speedy contract renewal engagement. Three years hence, they have not yet treated the business of teachers’ livelihoods with equal urgency and allowed themselves to be exposed in numerous charades and exercises in futility.The fact that it was Minister Ally who was sent to the meeting with the GTU, instead of someone with more authority to fully address the issues at hand, speaks volumes in relation to how the Union is regarded by the Government. One could only assume that she was sent there to appeal to their political sensibilities.As such, the opportunity for objective and balanced engagement has long been squandered and teachers are now in a rather tenuous situation. Few would be surprised if in a few days a different pronouncement is heard from the Union regarding some compromise that leaves teachers in no better position than they currently are – that has been the pattern, talk big then back down.3. The GTU has failed to establish themselves as a formidable force that would give them the clout to truly orchestrate the coup they are attempting. Their laughable mini protests to date, with the same faces I might add, are a reflection of the fact that they are out of step with the masses they represent. Teachers are not engaged in the type of professional experiences that would move them to develop the collective consciousness that the Union is now desperately relying on. The occasional meeting and some cases of advocacy on the part of teachers within the system is a far cry from the role this Union should play in the lives of the almost 10,000 teachers they represent.The Union needs to demonstrate that they are contributing to the professional development of teachers on a consistent basis. Teachers need to see tangible evidence that they are part of a professional association that contributes to their professional and personal advancement.On this count, the Union has failed miserably. Unfortunately, our teachers are now asked to awaken some dormant affiliation to a cause that they have no faith has been handled in the best manner.The almost three-year delay in promotions a few years ago did nothing to help thousands of teachers who saw their professional advancement delayed for an issue few still understand –who really won? In the midst of this crisis, this might be bitter medicine for the Union to stomach, but it should at the least awaken a desire to do better in the future, because simply put, our teachers truly deserve better.Sincerely,Vivian D Brothersonlast_img read more

Blogged Morphs Into a Social News Service

first_imgTags:#Product Reviews#web Why Tech Companies Need Simpler Terms of Servic… Top Reasons to Go With Managed WordPress Hosting A Web Developer’s New Best Friend is the AI Wai… Related Posts center_img Blogged started out as a straightforward blog directory in early 2008. Today, Blogged announced a major redesign of its product that puts the service’s focus on facilitating conversations around blog posts. Blogged now presents users with a Facebook-like feed of blog posts, with the ability to comment on posts and share them on Facebook and Twitter. In addition, Blogged also rolled out support for Facebook Connect and a widget that allows bloggers to bring comments made on their posts on Blogged back to their own blogs.Blogged slowly rolled out the new commenting features – as well as a FriendFeed-inspired option to ‘like’ posts – over the last few weeks. Some posts on the site are already getting hundreds of comments (a lot of them from Blogged’s Facebook application), so users are obviously quite enthusiastic about these new features. Allowing users to share the stories they like to Facebook directly from the site will only bring more user participation to the service. Bloggers have always been somewhat nervous about ‘comment fragmentation’ when it comes to services like Blogged, but there can be no doubt that these services also bring new readers to these blogs. The new widget that Blogged introduced today should help to alleviate some of these fears, as it will allow bloggers to showcase the discussions about their posts on Blogged back to their blogs.After this redesign, Blogged definitely feels like a mix between Google News and the Facebook news feed, which is not a bad thing. The blog directory, which once formed the basis of Blogged, has now been relegated to the back pages of the site, though it still provides a valuable service in its own right. 8 Best WordPress Hosting Solutions on the Market frederic lardinoislast_img read more

Prescott Passive House: A Class Project

first_imgOne major source of pride in the Prescott neighborhood of south-central Kansas City, Kansas, is a 1,700-sq.-ft. home that may be the most energy efficient residence in the state. Called Prescott Passive House, it is the product of careful design, stretches of frenetic on-site activity (between snow storms), and construction methods aimed at bringing the home to Passive House performance standards.The house is, in fact, a product of University of Kansas School of Architecture and Urban Planning’s design-build program, Studio 804. As class projects go, its performance target made it ambitious. But Prescott Passive House’s creators also had an equally ambitious, tandem goal: affordability. As Jetson Green points out in a recent post, a lot of student labor and donated materials factor into the $180,000 price of the three-bedroom, two-bath house, which is targeting prospective buyers earning 80% or less of the area median income. Studio 804 said it worked with Community Housing of Wyandotte County and the Prescott Neighborhood Group to produce a home that would serve as “as a catalyst to both educate the homeowner and the community.”Groundbreaking was February 1, and the students documented the project’s progress with weekly updates and photos on the Studio 804 website. Based on the photos, it seems the students did a good job adding a sense of opulence to the open interior and concrete floor and countertops. The near-black exterior siding, matched in color by operable exterior louvers, is actually Douglas fir that has been charred according to the Japanese shou-sugi-ban method, which includes brushing and washing the charred planks, then treating them with a natural oil.The Studio 804 team chose windows made by Austria-based Zech Group, which is expected to begin production in the U.S. this year.Remaining tasks for the students: documentation for Passive House certification and LEED Platinum certification.last_img read more

Ranidel de Ocampo ‘right fit at right time’ for Meralco

first_imgRead Next Don’t miss out on the latest news and information. LATEST STORIES Brace for potentially devastating typhoon approaching PH – NDRRMC Fire hits houses in Mandaluyong City The veteran forward was shipped to Meralco Monday, marking the end of a colorful nine-year run with the Talk ‘N Text franchise.“He fits us perfectly and he’s with us at the right time,” Black told INQUIRER.net Tuesday. “Ranidel is not only a talented and experienced player, he’s also very, very smart.”FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutoutThe 6-foot-6 de Ocampo addresses the Bolts’ lack of big men and he gives the team another knock down shooter and reliable post player.“The reason why we wanted him at Meralco it’s because he gives us another floor spacer, somebody who can stretch the floor,” said Black, who won four titles with de Ocampo at TNT. WATCH: Streetboys show off slick dance moves in Vhong Navarro’s wedding ‘Bato’ to be ‘most effective’ CHR head? It’s for public to decide – Gascon PLAY LIST 01:38‘Bato’ to be ‘most effective’ CHR head? It’s for public to decide – Gascon00:50Trending Articles02:26Friends, relatives of inmates detained at NBP want visitation rights restored01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games Frontrow holds fun run to raise funds for young cancer patients  E.T. returns to earth, reunites with grown-up Elliott in new ad center_img “Our team is built around Durham and we want to surround him with guys who can shoot from the outside,” he added, referring to import Allen Durham, who is a menacing force in the paint.Black hopes de Ocampo is Meralco’s missing piece of the puzzle to finally get over the hump.The Bolts are currently among the top teams in the 2017 Governors’ Cup with a 6-2 record just half a game out of first place held by Barangay Ginebra and NLEX, who own similar 7-2 slates.“We’re aiming to win a championship and we need him right now,” said Black, who has nothing but praise for the 35-year-old de Ocampo.“Ranidel is still the best, if not one of the best stretch fours in the league today.”ADVERTISEMENT MOST READ LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Just over 2 years left, intense work at Tokyo stadium site BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight Nonong Araneta re-elected as PFF president Meralco head coach Norman Black believes Ranidel de Ocampo is a perfect addition to the Bolts and his arrival couldn’t have come at a better time.ADVERTISEMENT View commentslast_img read more

10 months agoBarnes swoops to earn Burnley crucial win at Huddersfield

first_imgAbout the authorPaul VegasShare the loveHave your say Barnes swoops to earn Burnley crucial win at Huddersfieldby Paul Vegas10 months agoSend to a friendShare the loveBurnley produced a critical victory at Huddersfield Town on Wednesday night.The Clarets’ win, their second in three days, was sealed when Ashley Barnes slotted home midway through the second half from Ashley Westwood’s pass.Huddersfield had taken the lead through Steve Mounie’s header in the 33rd minute but conceded an equaliser and had Christopher Schindler sent off within two minutes before half-time.Wood met Dwight McNeil’s low cross from the left six yards out and swept in for his fifth goal of the season.Schindler, who had earlier been booked for a foul on Wood, was then shown a second yellow card for hauling down McNeil on the edge of the penalty area.Defeat means bottom-of-the-table Huddersfield are eight points from safety. last_img read more