A river-change might be the answer for downsizers or first home buyers

first_imgThis bargain of the week sold for $178,000.More from newsMould, age, not enough to stop 17 bidders fighting for this home1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours ago This home sitting on 506sq m of land sold yesterday for $178,000 with three-bedroom, two-bathrooms and plenty of vintage character.With rear sun rooms, formal lounge, separate dining, airconditioning and established gardens to grow your own vegetable’s, it’s easy to see that buying your own house is possible in this Queensland city. Maryborough is the city to pick up some bargain house buys.IF you’re looking to downsize and retire or are trying to break into the property market and fancy a river change then Maryborough might be the answer for you.Sitting on the Mary River and only a two and a half-hour drive north of Brisbane, this hidden property gem is spinning out the bargain house buys. This week’s bargain of the week home has its own vegetable crop.Known as a heritage gem, Maryborough has some of Queensland’s richest history and heritage architecture and has been voted one of Queensland’s “Must Do” experiences.It’s also next door neighbours to the tourist hub of Hervey Bay where thousands of people flock every year to do some whale watching.If a bargain family home for under $200,000 and a lifestyle change is on the cards then here are three more homes up for sale in the city that might just appeal: 117 Ariadne Street is having an open house tomorrow, Saturday March 11 at 10am and is on the market for $199,000 with three-bedrooms, beautiful polished floorboards, a modern kitchen and bathroom and light airy paintwork. 291 Pallas Street is on the market for $185,000 offering two bedrooms, a brand new modern kitchen and beautiful Queenslander fretwork. 14 Park Street is asking $175,000 and open for inspection tomorrow, Saturday March 11 at 10:30am, the original colonial style home has two-bedrooms and an updated bathroom.last_img read more

UK infrastructure fund backed by NAPF completes first investment

first_imgThe investment was completed in conjunction with the Dalmore Capital Fund II.Michael Ryan, manager of both the Dalmore and PIP vehicles, said the PIP’s inaugural investment built on the firm’s “strong existing relationship” with Interserve.“We believe it demonstrates once again our ability to execute complicated deals and to partner with contractors and facilities managers for mutual benefit,” he said.Jonanne Segars, chief executive of the NAPF, added: “It is great news that the PIP has been able to make this investment into low risk, index-linked investments so quickly after reaching first close.”The acquisition comes a few months after IPE reported that three of the platforms’ 10 founding investors had decided to withdraw their support for the undertaking.The London Pensions Fund Authority and BAE Systems cited displeasure with the platform’s risk/return profile as the reason for pulling out, while the BT Pension Scheme said it desired to continue with its own direct infrastructure investment programme. The UK’s Pension Infrastructure Platform (PIP) has completed its first investment, acquiring part of a nearly 50% stake in a holding company for private finance initiatives (PFIs).The PIP – which in February announced the launch of its first, £260m fund following several years under development by the National Association of Pension Funds (NAPF) and Pension Protection Fund (PPF) – bought part of a 49.9% stake from the pension fund for construction company Interserve.In a statement by Dalmore Capital, manager for the fund, it said that Interserve PFI Holding consisted of 13 assets, including schools, government accommodation and projects overseen by the UK’s Ministry of Defence.While the asking price for the assets was not disclosed, the Interserve pension fund acquired ownership of 19 PFI assets in late 2012, when the sponsor transferred a portfolio worth £55m to address an existing deficit.last_img read more