Finland’s Mandatum Life eyes international growth with acquisition

first_imgFinnish insurer Mandatum Life has acquired almost 20% of Crescit Asset Management, a Swedish alternatives manager, as part of an international growth strategy.The transaction will be carried out as a direct share issue. Neither parties would be drawn on the monetary value of the 19.9% share deal.Lauri Vaittinen, senior vice president for investment solutions at Mandatum, said the company was able to offer other institutional investors, such as corporate pension funds, attractive solutions through club arrangements.“There is great demand for alternatives where Crescit fits in well, complementing our capabilities,” he said. Jonas Granholm, CEO and founder of Crescit and former global pension head at Skanska, said the alternatives manager was an entrepreneurial company with a strong ownership network that would be strengthened further by the Mandatum deal. Lauri Vaittinen, senior vice president for investment solutions, Mandatum LifeCrescit was launched in 2013 by Granholm and two of his former Skanska colleagues, Hans Biörck and Gustav Lundeborg. The trio are majority owners of Crescit together with Swedish property and venture capital investor Lennart Grebelius.Mandatum Life has had a presence in the Swedish and Danish institutional markets for some time: it has 50 clients in Sweden and between 10 and 20 in Denmark.Beyond the Nordics, Mandatum Life has experienced demand from Germany, Switzerland and Luxembourg. Vaittinen said Swiss pension funds in particular were keen on the Scandinavian credit markets.In Germany, Vaittinen said Mandatum’s assets under management had grown by 20-30% a year. “We expect this to continue over the next few years and do not see any capacity issues arising at this pace,” he said.last_img read more

People moves: USS creates head of fixed income and treasury role [updated]

first_imgHe has also worked at P-solve, an investment consultancy and asset manager that is now part of River & Mercantile Group, CIBC World Markets and ING Bank. His USS appointment is subject to approvals.Simon Pilcher, USS Investment Management CEO, said: “I am very pleased to be welcoming Ben to this key role in the team. Ben brings new skills and capabilities to USS as we continue to deliver market-leading returns for our members over the long-term.”Institutional Investors Group on Climate Change (IIGCC) – Five new board members were confirmed at the IIGCC’s annual general meeting yesterday:Jelle van der Giessen , chief investment officer, NN Group;Roelfien Kuijpers , head of responsible investments and head of global client group for Ireland, Scandinavia and UK at DWS;Karlijn van Lierop , director for responsible investment and a member of the management fiduciary advice team, MN; Udo Riese , global head of risk and monitoring, Allianz Investment Management SE; andIan Simm , founder and chief executive, Impax Asset ManagementThe IIGCC said: “The seniority of appointees reflects the importance placed on climate change by the investment community and the impact of IIGCC in addressing the issue.”APG – The €529bn Dutch asset manager and pensions provider APG has appointed Kristel Timmers as its head of group legal. In her new role, she will be responsible for managing legal risks that come with APG’s corporate activities. Timmers had been manager at APG’s Labour Legal Affairs since 2012. Prior to this, she worked at law firm Loyens & Loeff.ATP — The property arm of Denmark’s biggest pension fund ATP has appointed Tine Cederholm Bemberg as its new head of asset management. At ATP Real Estate, Cederholm Bemberg will report to the unit’s new CIO Kenneth Olsson . She currently works for Danish property developer C. W. Obel Ejendomm e as a lawyer. Cederholm Bemberg has also previously worked for Denmark’s largest listed real estate company Jeudan for 12 years as a lawyer in various roles. She will take up her new job at ATP Real Estate on 1 February 2020.Hermes GPE – The joint venture, between Hermes Fund Managers, GPE Partner and HGPE Capital, has appointed Hamish de Run head of infrastructure to replace Peter Hofbauer , who will leave the company with immediate effect. De Run was a partner at Hermes Infrastructure for five years up to 2017 and helped in the deployment of the HIF I fund.First State Investments – Four new global leadership appointments have been made at First State Investments, which was recently acquired by Mitsubishi UFJ Financial Group . Rob Scott has been hired as chief operating officer, having previously been head of global operations at Nikko Asset Management in Tokyo. He has also worked at Deutsche Asset Management, BNP Paribas Securities Services, and ABN AMRO Asset Management across the Asia region.In addition, Justin Hourigan has been appointed global head of data, Lorraine Dryland chief information security officer, and Ben Marks chief audit officer. Next year First State Investments will rebrand to First Sentier Investors in all markets in which it operates; its Australian business already runs under this brand.PGIM Fixed Income – Mark Fulwood has joined the asset manager as a UK client advisor from Janus Henderson Investors , where he was most recently head of institutional business development for the UK and Ireland. PGIM Fixed Income has also hired three senior credit analysts to its London-based team: Aman Mahal , Gianluca Consoli and Terry Nguyen .JP Morgan Asset Management (JPMAM) – Myles Bradshaw has been appointed head of global aggregate fixed income strategies within the asset manager’s global fixed income currencies and commodities (GFICC) group. He succeeds Iain Stealey , who was promoted to international CIO for GFICC earlier this year.JPMAM’s global aggregate strategies team leverages the JPMAM GFICC platform for its multi-sector bond portfolios. The platform currently has more than 270 investors managing money across government bonds, credit, emerging markets debt, currency and securitised debt.Lyxor – Vincent Denoiseux has been appointed head of ETF research and solutions, a new role. Based in London, Vincent will report to David Lake, Lyxor UK CEO, and to Matthieu Mouly, Chief Client Officer for Lyxor ETF.Before joining Lyxor, Denoiseux was head of portfolio solutions at DWS . Previously he developed fund linked investment solutions at Exane Derivatives (BNP Paribas), and he has also been a head of quantitative research, firstly at BNP Paribas Investment Partners and subsequently at Lehman Brothers Asset Management.Neuberger Berman – The employee-owned asset manager has launched a Japan-based equities team witha focus on environmental, social and corporate governance (ESG)-related engagement. It will be led by Keita Kubota , who joins from Aberdeen Standard Investments , where he most recently served as deputy head of Japan equities. Two analysts, one specialising in ESG investing, will support Kubota.The team will manage a strategy targeting attractive returns through active engagement and constructive dialogue with Japanese small/mid-cap companies in which the team invests.AMP Capital – Ric Gordon has been poached from Macquarie Capital for the role of head of asset management, Americas, for AMP’s infrastructure equity business. At Macquarie, Gordon led asset management for the Americas, Europe and Asia from 2013.NN Investment Partners – Edith Siermann, head of specialised fixed income and responsible investing, has been appointed acting head of the Dutch asset manager’s emerging markets debt (EMD) team. NN said her appointment “follows the decision of several portfolio managers of the EMD team to pursue their career outside the company” and that it had taken the necessary measures to ensure continuity in the management of EMD mandates and funds. Siermann replaces Marcelo Assalin. USS, IIGCC, APG, ATP, Hermes GPE, First State Investments, PGIM Fixed Income, JPMAM, Lyxor, Neuberger Berman, AMP Capital, NN IPUniversities Superannuation Scheme (USS) – In January Ben Clissold will join the UK’s largest private pension fund as head of fixed income and treasury of its investment management business, a newly created role.According to USS, he will be responsible for developing and delivering the business strategy and objectives as well as managing a team covering government bonds, non-government and emerging debt, related derivatives and foreign exchange and treasury execution responsibilities.Clissold was most recently at BlackRock , where he became responsible for managing the investment decisions relating to the liability-driven investing business across the EMEA region. He was also the lead portfolio manager on £85bn (€98bn) of BlackRock’s largest sterling-denominated LDI portfolios.last_img read more

Growing net zero asset owner group kicks off company engagement

first_imgSource: World Economic Forum/Ciaran McCrickardMembers of the Net Zero Asset Owner Alliance during a press conference at DavosThe Church Commissioners have dedicated more resources to engagement, for example having last year expanded their engagement team with the appointment of two analysts.Günther Thallinger, member of the board of management at Allianz and chair of the Net-Zero Asset Owner Alliance steering group, acknowledged that there was an expectation that money must be shifted, “essentially divesting in some areas and investing in others”, but said this was not the route the alliance would be taking.“We believe we can achieve a much better impact by working with the companies we invest in or the assets we finance,” he said. “If we work with those assets we have a chance of doing value creation and that’s what an investor looks for.”Christina Figueres, convener of Mission 2020 and former Executive Secretary of the UN Framework Convention on Climate Change, said it was important to understand how complex it was for companies to decarbonise, in particular with respect to the Scope 3 emissions from their supply chain.“We shouldn’t fall into simplistic thinking that once a company or an asset owner assumes a certain target by a certain date they have that under their control,” she said. “Then they need to pull the whole cavalry in to achieve that.“It makes it more complex, but that’s the good news because there are ripple effects that go into the fabric of the economy. It’s both the difficulty as well as the advantage.” Next stepsAccording to Figueres, the Alliance’s engagement with companies had got off to a good start, with “a very clear recognition it needs to be an effort on both sides”.The companies involved were not only “willing to speak but also had an appetite [for the conversation],” she said.Allianz’s Thallinger explained that the asset owner alliance would this year be announcing its first interim decarbonisation target, and that the engagement with companies was “of an essence because the target we will define in 2020 will be supported by measures we are working on with those companies”.“We believe we’re talking about something that is transformational for various areas, not only investing”Günther Thallinger, member of the board of management at Allianz and chair of the Net-Zero Asset Owner Alliance steering group“And that’s why we believe we’re talking about something that is transformational for various areas, not only the investing space.”Thallinger also explained that the Net-Zero Asset Owner Alliance was very keen to expand its membership to cover geographically under-represented areas, in particular Asia, but that it was important to be “honest” and acknowledge the policy and political context in which asset owners from that region operated.The members of the Alliance hoped that other jurisdictions would be more open to encouraging their asset owners to come on board, he said.According to an update from the convenors of the Alliance, the UNEP Finance Initiative and the Principles for Responsible Investment, the group has finalised its governance and objectives for 2020 and will focus on advancing measurement and public reporting and engaging policymakers towards policies supportive of net-zero economy ambitions, in addition to engaging with companies.*Alecta, Allianz, AMF, Aviva, AXA, Caisse des Dépôts (CDC), CalPERS, La Caisse de dépôt et placement du Québec (CDPQ), CNP Assurances, Folksam Group, Fonds de Réserve pour les Retraites (FRR), Nordea Life and Pension, PensionDanmark, Storebrand, Swiss Re, Zurich, now plus Generali and the Church of England’s investment bodies Church Commissioners for England, the Church of England Pensions Board and CBF Church of England Funds The Net Zero Asset Owner Alliance has gained two new members and kicked off its campaign to help achieve the Paris Agreement goals by driving change via engagement with companies.Launched in September, the now 18*-strong group of pension funds and insurers today announced that it had gained new members in the form of the Church of England, with its three national investing bodies, and Italian insurance group Generali.The announcement coincided with the group’s holding its first major engagement event, getting together with more than 50 C-suite representatives of the now $4.3trn (€3.9trn) alliance’s portfolio companies in a closed-door session at the World Economic Forum’s conference in Davos, Switzerland.Speaking at a press conference in Davos, members of the alliance emphasised the importance of engagement, as distinct from investment or divestment, to preventing a global temperature increase above the 1.5°C set out in the Paris Agreement. Tom Joy, chief investment officer at Church Commissioners for England, said: “Yes, capital has to shift into renewable technologies and new opportunities, but the climate crisis will not be solved unless the transition happens.“The climate crisis will not be solved unless the transition happens”Tom Joy, CIO of Church Commissioners for England“Divestment is not the answer to the climate problem. As an asset owner we always retain that right, but it won’t solve the climate crisis.”last_img read more

​AP3 loses equities appointee as US buff sticks with Swedbank Robur

first_imgSweden’s AP3 has announced that the senior equity manager due to begin work in mid-September has now decided not to join the national pensions buffer fund after all.The Stockholm-based fund said in a short statement: “Rikard Forssmed, who was to start as a senior equity manager at AP3 in mid-September, announced in early August that he had chosen not to take up the position.”Forssmed was one of two new investment team hires named in May to fill vacancies arising as part of an overhaul of the investment operation by Pablo Bernengo, CIO of the SEK393.7bn (€38.3bn) fund.Forssmed, who has worked at Swedbank Robur for 18 years, told IPE he had decided to continue working at his long-time employer rather than move to the state buffer fund. “Swedbank Robur and I have had good and constructive discussions recently,” he said.“This has led to my decision to stay on as portfolio manager for Swedbank Robur. So, I will continue in my role as portfolio manager for Swedbank Robur USA,” he added.At AP3, Forssmed had been set to manage an active equities mandate with a global focus.Looking for IPE’s latest magazine? Read the digital edition here.last_img read more

Soak up the views from this spectacular Gold Coast apartment

first_img1/174 Pacific Pde, Bilinga. 1/174 Pacific Pde, Bilinga. MORE NEWS: Beachfront home a real price winner An open kitchen, living and dining room is at the heart of the apartment with ocean views setting a picturesque backdrop.The plunge pool is on the apartment’s rear terrace.The furniture could come with the apartment but it would need to be negotiated while body corporate fees are $68.47 per week.Mr Smith said the building was designed for owner-occupiers who were downsizing from a house but didn’t want a place that was too small. MORE NEWS: Gold Coast losing land sales to Logan 1/174 Pacific Pde, Bilinga. Its proximity to the beach, cafes and restaurants at Kirra and Coolangatta as well as the Gold Coast Airport also made it appealing to prospective buyers.Marketing agent David Stringer said it was the perfect opportunity to snap up a beachfront unit close to all the action.“Whether you are looking for a personal residence, retirement venue or a family holiday vacationer to enjoy with family and friends, Bluewater is a refreshing choice,” he said. 1/174 Pacific Pde, Bilinga. 1/174 Pacific Pde, Bilinga. 1/174 Pacific Pde, Bilinga. Owner Greg Smith, who developed the boutique residential building with his brother Steve under Pacific View Developments, said the apartment was in a good spot.“For a ground floor unit, it’s got really good views, especially from the lounge and kitchen area,” he said.“That unit has its own splash pool as well.”The apartment has three bedrooms, all of which have ensuites. The main bedroom also has a walk-in wardrobe and access to the front terrace.More from news02:37International architect Desmond Brooks selling luxury beach villa14 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago 1/174 Pacific Pde, Bilinga.IT may be on the ground floor of a new beachfront development but this apartment still has ocean views.It is one of 12 apartments spread over seven floors in Bilinga’s Bluewater on Pacific building.last_img read more

Salisbury home more than just “belt and braces”

first_imgThe house at 72 Blackwood Rd, Salisbury, is for sale.Enjoying a meal under the void in his open-plan kitchen, living and dining room is one of Nigel Johnson’s favourite places to be.Mr Johnson and his partner Patricia Vernyik bought the block of land at 72 Blackwood Rd, Salisbury, in 2014, and took a couple of years playing with the design of what they would eventually build there.The kitchen is modern and flows outside.“We wanted to do something that was a bit different to the belt and braces four bedroom home with nothing particularly unique about it,” Mr Johnson said.“One day we were talking to someone from Valeco Homes and showed them our layout, and they had something remarkably similar but better.”A void above the dining area helps downstairs communicate with upstairs.More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoThe main living space is open plan.The rest is history, with the couple building with Valeco Homes and moving into their two-storey modern abode in early 2016.“We wanted to get all of the living areas flowing together, and have the alfresco as part of the living area,” Mr Johnson said.“We did that by enclosing it but you still get good breezes.“By introducing the void it made quite a big impact, and made the space dynamic.“Now, upstairs communicates with downstairs and you typically don’t get that.”The master bedroom is large and has an ensuite.The house is on a wide leafy street, located near Salisbury State School, shops and public transport.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis 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.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51last_img read more

Luxury canal home with some serious wow features

first_imgThe custom-designed home has a two-storey void, statement lighting and an open library. Picture: supplied.This two-storey custom designed home sits on a big canal block with huge entertaining area, inground swimming pool, pool hut and pontoon. Owners Matt and Andrea Burgess have loved living in the waterside property at 3 Wildfire Ct, Newport with their three children.“The large deck overlooking the canal is probably our favourite part (of the home),” Mr Burgess said. “It’s a great place for entertaining and it has a good view. And even though it has a wide outlook, it is actually quite private.” The kitchen at 3 Wildfire Court, Newport. Picture: supplied.MORE NEWS: Record smashing suburbs of 2019 Designed by the award-winning Darren James, the house is spread across two levels and features European oak floorboards and a two-storey void with feature lighting and custom floor to ceiling bookshelves with rolling ladder.On the ground floor there is a double garage, carport, study and open-plan living spaces. The kitchen has a butler’s pantry and European appliances while bi-fold doors open the dining room to the big entertaining area and the family room to the poolside deck. The entertaining area overlooks the canal. Picture: supplied.More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours agoThere is also a laundry and toilet off the living room. Upstairs the master bedroom has an ensuite, a custom bedhead that conceals the built-in wardrobes, and a private balcony overlooking the canal. The remaining bedrooms have built-in wardrobes and there is a family bathroom and separate toilet. The upstairs living space looks out over the void and water. Outside, the entertaining area has an outdoor kitchen, built-in seating, LED lighting, speakers and glass balustrading. In the pool yard there is a second deck and a pool hut with kitchenette, study and storage space.Mr Burgess said the home would be perfect for a family or anyone who loves to entertain. The property is on the market through Danny Mailer of LJ Hooker Redcliffe. Robin Bailey sells Queensland homecenter_img Southside stunner up for grabslast_img read more

Top end buyers splash their cash on main river

first_img 113 Commodore Drive, Paradise Waters.Features inside the iconic estate include a three-level staircase inspired by the Vatican, arched windows, wrought iron chandeliers and Roman bath-style pool. The 1489 sqm property also enjoys one of the largest water frontages in Paradise Waters, looking across to the grounds of The Southport School and north to the Southport skyline. 113 Commodore Drive, Paradise Waters.The historic house was built in the late 1980s for Keith Williams, the legendary entrepreneur who built Sea World and developed resorts at Hamilton Island.The home was later owned by Dreamworld founder John Longhurst and was most recently sold by Flora and Sep Abedian following a seven-year tenure. 113 Commodore Drive, Paradise Waters.The sale of a historic Surfers Paradise mansion is among a string of high end transactions on main river during the height of the COVID-19 period.An unnamed local buyer paid $5.5 million for the riverfront residence at 113 Commodore Drive in an off-market sale handled by Michael Kollosche and Jay Helprin in June. Untouched time capsules prove irresistible MORE: Virtual buyers bypass bordercenter_img 15 Southern Cross Dr, Cronin Island sold for $12.45m in June.More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoMr Helprin said the sale reflected confidence at the top end of town with buyers turning to the security of bricks and mortar.“We’re seeing significant strength in the prestige market,” Mr Helprin said. Kollosche agents report a string of main river sales in recent months, led by the $12.45m deal on 15 Southern Cross Drive, Surfers Paradise in June. Fall asleep in this peaceful island estate 327 Monaco St, Broadbeach Waters sold for $5.7m in July.A grand Broadbeach Waters mansion at 327 Monaco Street sold for $5.7m on July 11.A contract for $2.855m was signed on 25 Ipsley Drive, Broadbeach Waters in June while a vacant 1013 sqm lot at 85 Commodore Drive fetched $3.1m in May.last_img read more

Pandemic fallout prompts seller to offer to pay buyer’s stamp duty

first_imgThe vendor of 50 Overlea Street, Nudgee, has offered to pay the stamp duty of whoever buys the home.A homeowner has taken matters into her own hands, offering to pay tens of thousands in stamp duty for the person who buys her home, hoping to drive in offers faster for the property.After just over two months on the market, Jennifer Lonton decided to add a sweetener to her home sale, offering to pay what could end up being just over $24,000 in stamp duty for the person who buys the property.MORE: Designer’s Noosa home nets $10m$2 billion development has beach appealQLD postcodes lead first home loan deposit scheme take-upOpen plan living.Well set up for anyone needing to work from home.“We have decided to offer to pay the purchaser’s stamp duty in an attempt to get things moving,” she said.The home at 50 Overlea Street, Nudgee, has been listed for sale with the owners open to offers over $860,000.“We had the house built in 2008. The people who have inspected it all said that it looks brand new,” Mrs Lonton said. “The photos on the internet show it exactly as it is.”Wheelchair friendly inside and out.The master bedroom and ensuite.The family hopes to downsize into another suburb in Brisbane’s northside after the sale.Agent Margaret Edwards of @realty described the property as an “exceptional family home, designed with a professional couple in mind”.She said it would “enable you to work from home in the spacious, purpose-built and fully-fitted office/study”.More from newsParks and wildlife the new lust-haves post coronavirus8 hours agoNoosa’s best beachfront penthouse is about to hit the market8 hours agoThe home has been set up with luxury finishes.The home has a 324sq m internal area and an additional 54sq m external area under the roof.It has five bedrooms, two bathrooms and a double garage on a 766sq m block.“The extra-large garage will accommodate two 4×4 vehicles, plus workshop and hobby areas,” was how it was listed.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis 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.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58The property was built to be wheelchair friendly throughout including the garage. It also has solar hot water plus a solar power system, with Crimsafe security screen on all windows with glazed doors.“This dwelling is located in a quiet street in an elevated part of Nudgee, surrounded by other quality homes. There is also a lovely park at the end of the street and direct access to the network of Brisbane bikeways.”MORE REAL ESTATE NEWSlast_img read more

SeaBird Bags Additional Work in West Africa

first_imgSeaBird Exploration has signed a letter of award (LoA) for some additional work in West Africa for an undisclosed client. The project is due to start in late second quarter and will have a duration of approximately two weeks.SeaBird will be using the Osprey Explorer for the project.Earlier the company received LoA for West Africa 2D seismic survey with a duration of one month.The vessel, Osprey Explorer, joined the fleet in August 2006 after being converted to 2D Long offset/source vessel in Poland.The DNV-classed vessel has a length of 81.16 meters and a beam of 15.96 meters.last_img