69 Ann Street, Brisbane 1300 854 502
Client News

 

Meat and agri-products trader Cory Johnston is celebrating its 50th year of operation in 2018 and is confident about its future after a decade where turnover has doubled in size through a strong commitment to customers and a diversification of its product range.

 

Specialising in sourcing and supplying an extensive range of protein-based produce: chilled and frozen meats, grains, pulses, oil seeds, and various vegetable and animal protein meals, Cory Johnston is targeting the food service industry, smallgoods manufacturers and opportunities for growth through its grain and meals division.

 

Cory Johnston director Peter Shearer said domestic meat trading had been the main foundation of the business but that the company was looking at opportunities in new markets.

 

“International trade is expanding for us and we’re looking at new markets including in Latin America and Europe,” Shearer said.

 

Shearer said that grain and associated products, whilst making up about a quarter of the business, would look to expand as the company invests more resources into that part of the business.

 

He said that a focus on the supply of food products in the community was centred on quality and sustainable operations.

 

“People are becoming a lot more concerned about where their food comes from,” Shearer said. “We work closely with suppliers to get the right quality products to the right sections of the market.”

 

Cory Johnston was formed in 1968 after frozen beef retrieved from a distressed cargo ship – which had caught fire off the Queensland coast – needed to be sold in the domestic market on behalf of the insurance company. This opportunity lead to Douglas Cory and the late Don Johnston forming a partnership which lead to the creation of Cory Johnston Pty Ltd later that year.

 

The continued growth in business, as well as astute investments, allowed Doug Cory to diversify into cold storage which led to the establishment of the Doboy Coldstores in 1976.

 

Late in 1987, Doug decided to purchase Don Johnston’s share in the business. This resulted in Cory Johnston (NSW) which operated together with Cory Johnston for the next eight years. After that time the Cory Johnston (NSW) office was (by mutual agreement) divested.

 

In 2001, Doug decided to step back from his commitments and negotiated the sale of Cory Johnston to younger brother Trevor and long-time employee Peter Shearer. Under the direction of Trevor and Peter, the business has continued to diversify and prosper. In early 2012, Cory Johnston moved from its home of 26 years at Doboy Coldstores to new offices in the Metroplex Development at Murarrie.

 

Trevor Cory will be retiring from the business in 2019 and attributes much of the success of Cory Johnston to its staff and their market knowledge.

 

“Knowing what our clients need and making sure that need is filled coupled with our financial reliability has been the cornerstone to our longevity and in building successful relationships,” Cory said.

 

“We see opportunities to build the by-products part of the business, such as tallow, poultry oil and feather meal and to increase supply to stock feed manufacturers.

 

“Whilst I’m looking forward to retirement, the business is in very good hands with opportunities in the near term for continued expansion.”

 

For further information on Cory Johnston visit: www.coryjohnston.com.au

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Client News

Ripley Valley’s Providence master planned community will unveil a new $15 million display village this weekend (September 1) with more than 1,000 visitors expected to descend on the community for a fun-filled day of food, entertainment and informative presentations.

The event, which kicks off at 1.00pm, will include food trucks, a play zone with face painters, kids playzone, sideshow alley, live entertainment, show bags, and a spectacular firework’s display at 6.00pm.

Centre stage of the event will be hosted by broadcaster Ben Davis with Selling Houses Australia’s Andrew Winter providing insights on buying property and Michael and Carlene Duffy from The Block providing home styling tips.

The new display village will include nearly 30 homes designed to provide a window into the incredible lifestyle available when location, amenity and a strong sense of community are combined with innovative thinking.

Builders on display at the new village include Metricon, Rivergum Homes, Stylemaster, Simonds, Burbank, Bold Living, Coral Homes, Bella, Desire Homes, Homes by CMA, Stroud Homes, Silkwood Homes, GJ Gardner Homes and Brighton Homes.


One of the highlights of the village will be Rivergum Homes’ Oxygen Series designs, which features the ‘Volar’ and ‘Latitude’ homes that have been designed to create a perfect balance between South East Queensland’s temperate climate and modern design.

Rivergum will use the Providence Display Village as a stage to showcase how builders today are keeping the great Australian dream achievable and affordable in the face of increasingly harsh weather conditions and soaring electricity bills.

Rivergum Homes National Design Manager John Eckert said the designs incorporated elements that acknowledged a potential buyer’s obvious desire to be comfortable in their own home.

“The whole range has been designed with solar flip, where the outdoor entertainment area, kitchen and living area is flappable on every plan, so we can get the best available solar orientation,” he said.

“We’ve also made sure all of our homes, Latitude in particular, has cross ventilation throughout all living areas, with windows and door openings that line up with each other to ensure that cross ventilation through the home.

The Latitude also utilises external solar screens to mitigate the heat load on glass surfaces and high level fans to encourage air movement.

Working individually or together each of these features can have a dramatic impact on the temperature inside a home and reduce the need for energy-hungry air-conditioning.

The impact of smart design on the hip-pocket can be significant. A Canstar Blue survey1 recently found 62% of Australians were cutting their air-conditioning usage to save money with 69% believing air-conditioning was the largest contributor to their power bills.

Canstar estimates a split-system air-conditioner can cost about $648 to run for 12 hours a day through summer and, but just $216 if running for four hours a day. Ducted air can cost more than $3,200 over summer if running 12 hours a day and $1,080 if on for four hours a day.

What RGCMM achieved for Providence



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Client News

National property group CFMG Capital will launch a new residential community in the Brisbane to Gold Coast growth corridor after beating fierce competition for a land parcel in Ormeau Hills.

The 5.4-hectare piece of land will be home to ‘Elevate’, CFMG Capital’s latest lifestyle endeavor which will provide 100 residential allotments for home buyers and investors seeking entry into the highly-contested region.

The site was acquired for $7.6 million from an undisclosed vendor via a campaign run by Colliers International.

CFMG Capital General Manager Andrew Thomson said there was intense competition for quality sites in Brisbane’s southern growth corridor.

Strategically positioned approximately 25 kilometres north of the Gold Coast CBD and 45 kilometres south of the Brisbane CBD, he said the project site ticked all the boxes CFMG Capital used to assess project opportunities.

“As the future community ‘Elevate’, this new acquisition at Ormeau Hills will be developed among an abundance of already established lifestyle amenity, health and education facilities, outdoor living, public transport and major road networks.

“The project site currently has the benefits of an existing approval for a 96 lot residential community and is situated within a kilometre of the Ormeau Town Centre and the ‘future’ North Ormeau town centre, which includes Woolworths, Coles and IGA supermarkets, petrol stations, cafes and specialty shops,” he said.

CFMG Capital have already seen the proof of the corridor’s residential market strength through the recent completion of their existing Ormeau-based project called ‘The Brook’, which launched 251 residential lots and grew to a gross realisation of $52.2 million.


Market data from realesate.com.au revealed that demand for the area had led to a 24.4% increase in median house sales prices, equating to a compound annual growth rate of 4.5% compared to the same period five years ago.

“Land remains relatively tight in this corridor with several large scale subdivisions recently completed or nearing completion within this area,” Mr Thomson said.


Prospective investors will be offered the opportunity to invest into the project through the CFMG Land and Opportunity Fund, which offers the potential to invest at a fixed rate of return of 12 per cent per annum for a fixed investment term.


What RGCMM achieved for CFMG Capital

 

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Client News

Travellers paid more for their domestic tickets in 2017, while corporate international fares remained flat and leisure travellers paid on average 4.3% less for their long-haul tickets.

 

According to the latest 4D FOCUS – AUSTRALIA Aviation and Airfare Analysis, compiled by Flight Centre Travel Group’s 4th Dimension Business Travel Consulting division – (purchased) domestic economy corporate and leisure ticket prices rose, on average 3.5% and 8.9% in 2017 respectively.

 

The report includes a benchmarking study that compares tickets purchased from FCTG’s corporate and retail businesses in 2017 compared to 2016 and 2015 airfares.

 

Felicity Burke, General Manager of 4D, said the ticket increases the business had witnessed during the year in the domestic space had been driven by strong consumer demand, steady tourism growth and gradual increases in carrier published fares.

 

“Both Qantas Airways and Virgin Australia increased their published airfares during the year, with the largest percentage increases on the economy class restricted airfares,” Felicity said. “The carrier-driven increases have pushed the cheaper ‘leisure traveller’ airfares upwards to the range of 2.5% to 8%. Also noted are business class fare increases of between 2% to 8% and economy class flexible fares 2% to 7% during 2017.”

 

Felicity said the positive news was that international economy fares for corporates had remained flat in 2017 and leisure travellers had another year of excellent value, low-priced long-haul fares.

 

With approximately 62 airlines now servicing the international landscape, Felicity said Australian travellers continued to be ‘spoilt for choice with carriers, flight frequencies and in-flight product’.

 

FCTG Managing Director, Graham Turner, said the golden era of travel continued to shine brightly for travellers.

 

“Competitive international airfares, new direct flights such as the Perth to London, more frequent services, continually improved in-flight amenities plus unprecedented discounting on some routes are but a few of the positive takeaways from 2017,” Mr Turner said.

 

“If the price of oil continues to rise this could potentially mean ticket prices may increase in the near term. But we’re still going to see some excellent value across the international and domestic landscape as airlines compete for both the corporate and leisure dollar.”



Qantas’ recent start of non-stop services between Perth and London is the first of new city pairs to be offered by the airline as it welcomes new long-range aircraft to its fleet.  Qantas is also targeting ultra-long haul flights from the east coast of Australia to London and New York by 2022.

 

John Simeone, Qantas’ Head of Business and Government Sales, said in the report, ‘We’re seeing growth across all markets including the resources sector and the arrival of new aircraft allows us the chance to open new routes, just like Perth-London’.

 

The report indicated that Virgin Australia continued to focus on its guests’ travel experience rolling out wi-fi across the majority of its fleet, introducing Melbourne to Hong Kong flights in 2017 and commencing Sydney to Hong Kong services in July this year.

 

Some of the key findings in 4D’s report are below.

 

Domestic Travel – CORPORATE Economy Class airfare benchmarking

 

(based on 2017 fare benchmarking against 2016 fares)

 

  • Domestic economy class price changes for tickets purchased through FCTG’s corporate brands ranged from a 1% to 9% increase on key routes

  • Corporates flying the CBR – SYD route incurred the lowest increase with fares rising by 1%

  • Those corporates travelling on the ADL – SYD and HBA – MEL routes incurred the largest economy increases of 6% and 9% respectively.

Domestic Travel – LEISURE Economy Class airfare benchmarking

 

(based on 2017 fare benchmarking against 2016 fares)

 

  • From 2016 to 2017 the average price of domestic economy class leisure fares purchased through FCTG’s leisure division increased by 9%

  • The biggest increase for leisure tickets was for the ADL – SYD and MEL – SYD routes where prices increased by an average 14% over 2016

  • Leisure economy travellers flying BNE – PER saw the smallest increase of 4%.

BENCHMARK SUMMARY – Economy Class

 

 

Felicity said the increase in in-bound visitors and domestic tourism, had also impacted the availability of domestic seats with load factors reaching nearly 80% in 2017.

 

“The demand for domestic seats in the leisure space was very strong last year, which has also affected ticket prices,” she said.

 

The 4D report indicated a 2.5% and a 4.6% increase for corporate and leisure domestic fares during the next 18 months provided the carrier mix remained the same along with a positive outlook for the domestic economy.

 

Additionally four key industry themes have been highlighted for the year ahead:

 

  • Shifting airfares due to continued airline transformation, strong tourism numbers, solid load factors, a rise in oil prices and positive economic outlook

  • Connected technology such as biometric systems are producing a frictionless international passenger experience, speeding up processing times and reducing airport congestion;

  • Air New Zealand and Virgin Australia ending their trans-Tasman alliance, and Air New Zealand, Qantas and Virgin Australia making tactical moves to increase market share across the Tasman; and

  • International airlines continuing to adjust their networks from and to Australia, and deploy new aircraft for an improved flight experience.

FAST FACTS

  • MEL- SYD is the busiest domestic route (10.8 million seats – up 1.2% on 2016; 54,500 flights) and 2nd busiest route in the world in 2017 (up from 4th in 2016)


  • Brisbane – Sydney is the next busiest domestic route with 4.7 million seats flown during 2017


  • 8 million inbound visitors into Australia during 2017 (+6.5% on 2016)


  • 62 international airlines operated to/from Australia during 2017


  • 2017 On-time performance:

Virgin Network – departure 85.3%; arrival 83.4%

 

Qantas Network – departure 85.1%; arrival 84.4%.

 

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Client News

Shopping centre owner and manager SCA Property Group (ASX: SCP) has backed continued investor demand for neighbourhood shopping centre investments, launching the third iteration in its highly successful SCA unlisted retail fund strategy, SURF.

 

The third SCA Unlisted Retail Fund, SURF 3, seeks to raise $35 million to help acquire a $57.9 million portfolio of neighbourhood shopping centres in Moama and Swansea in New South Wales, Woodford in Queensland and Warrnambool in Victoria. The opportunity to invest is open to both retail and wholesale investors.

 

The Moama Marketplace, Swansea Woolworths and Woodford Village properties are anchored by a Woolworths supermarket and Warrnambool by Target. Moama is also anchored by a Woolworths petrol outlet.

 

The fund income is primarily from the anchor tenants with 71% of income from Woolworths Limited and Target Australia. The specialty tenants are primarily non-discretionary focused including medical centres, pharmacies and food-based tenancies.

 

The fund has a weighted average lease expiry over 10 years and is forecasting an attractive initial distribution yield of 7.1 per cent.  The fund term is 6.5 years and approximately 30 per cent of distributions are expected to be tax deferred. It is an unlisted closed end property unit trust registered as a managed investment scheme with a minimum investment of $25,000.

 

SURF Fund Manager Melissa Kingham said, “Already we have over 50% registered interest from SMSF trustees who are looking for long average lease expiries and stable distributions.”

 

SCA engaged Australia’s leading economic location advisory firm Location IQ to undertake a demographic review of each of the assets. The research found the main trade area for all locations was growing and primarily comprised couples with dependants. The populations are typically strongly associated with the local convenience shopping facilities.

 

Location IQ also found the Warrnambool Target had a trade area population of more than 95,000, nearly double the typical trade area population for a discount department store-anchored shopping centre of 50,000 people.

 

SURF 3 Fund Manager Melissa Kingham said the research gave SCA confidence that each of the assets was well positioned to deliver on the targeted distribution rate.

 

“All four assets are surrounded by populations that, demographically speaking, are pre-disposed to visit their local shops for groceries and other essentials,” she said.

 

SURF 3 Portfolio Overview*

Property

WALE (years)

GLA (sqm)

Anchor Tenant

Valuation

Moama Marketplace, NSW

14.39

4,514

Woolworths

$14 million

Swansea Woolworths, NSW

15.76

3,677

Woolworths

$15.3 million

Warrnambool Target, Vic

5.82

6,983

Target

$16 million

Woodford Woolworths, QLD

8.39

3,668

Woolworths

$12.6 million

TOTAL

10.3

18,842

 

$57.9 million

*As at valuation date of 31 March 2018


SCA Property Group Chief Executive Officer Anthony Mellowes said the SURF series had proven extremely popular with retail investors seeking exposure to convenience-based shopping centre assets, underpinned by the security of long leases to anchor tenants.

 

“Both the SURF 1 and SURF 2 offerings are now closed and investors are happy with their quarterly distributions,” he said. “Each of the assets has a strong lease profile, quality tenant base and together provide broad geographic diversity.

 

“SCA will manage the assets on behalf of the fund and will co-invest a minimum of 20% of the amount to be raised.”

 

The SURF 1 and SURF 2 unlisted property funds have delivered unitholders annual returns more than 8% and 7% respectively since being launched in October 2015 and June 2017.

 

SURF 3 was independently reviewed by Core Property Fund Research and Ratings and ‘recommended’ for investment.

 

Managing Director of Core Property Dinesh Pillutla commented that the interest for direct property investment was due to predictable income distributions with potential for capital growth. SMSF investors are also looking for regular distributions with tax deferral benefits.

 

The properties are currently owned by SCA Property Group and will be acquired on an arm’s length basis following an independent valuation carried out by JLL of $57.9 million with a weighted average capitalisation rate of 6.92%.

 

SCA utilises the SURF structure to provide existing unitholders and other investors with an opportunity to invest in assets that are non-core to the Group’s future strategy. The SURF 3 portfolio takes to 11 the total number of properties that have been syndicated in this way.

 

The SURF 3 portfolio has a total Gross Lettable Area of 18,842 square metres and Total Site Area including car parking of 44,822 square metres.

 

SCA Property Group owned and/or managed over $2.5 billion of retail properties in Australia as at end December 2017. SCA announced Funds From Operations (FFO) of $56.1 million for the six months to 31 December, 2017, up 4.9% on the same period last year.

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Client News
Tens of thousands of Australians are prepared to move cities in their hunt for affordable housing, according to Propertyology’s analysis of the latest population data.

The Great Australian Dream is alive and well with the latest data proving that people are prepared to uproot and move to make that dream a reality.

Sydney

Sydney’s strong population growth was mainly due to overseas migration however, some local residents were opting for more affordable city regions.

The biggest gains from interstate migration were Camden (5,531), The Hills Shire (2,044) and Liverpool (1,068).

WINNERSMEDIAN HOUSE PRICEINTERNAL MIGRATION
Camden$745,0005,531
The Hills Shire$1,375,0002,044
Liverpool$805,0001,068
LOSERS
Canterbury-Bankstown$1,240,000(-3,404)
Cumberland$1,100,000(-3,281)
Randwick$2,270,000(-2,984)
 

Sydney’s median house price will always be eye-wateringly high but it’s clear that more wannabe property owners are prepared to compromise proximity for affordability.

There’s a pull towards Sydney’s more affordable areas like Camden and Liverpool. On the other hand, there appears to be a push away from locations that are attracting the highest proportion of overseas migration (areas like Canterbury-Bankstown, Cumberland, Parramatta and Georges River).

There continues to be a lot of hype about Greater-Sydney’s 101,754 population increase in 2016/17. In isolation, one might be forgiven for associating strong population growth with popularity. Breaking the data apart suggests otherwise: 83 per cent of Sydney’s total population growth (84,684 people) was from overseas migration while a further 17,943 people migrated away from Sydney last year to another Australian location.



Melbourne

Melbourne’s biggest gains from interstate migration were Casey (6,051), Wyndham (5,255) and Melton (3,844). These are outer-suburbs where affordable houses are readily available for families. Australia’s second most expensive city has a median house price sitting at $828,000.

WINNERSMEDIAN HOUSE PRICEINTERNAL MIGRATION
Casey$565,0006,051
Wyndham$520,0005,255
Melton$460,0003,844
LOSERS
Monash$1,255,000(3,424)
Brimbank$630,000(2,312)
Greater-Dandenong$685,000(2,311)

The locations with the biggest gains are outer-suburbs where affordable houses are readily available for families. Conversely, Monash (which had the largest population loss to internal migration) is one of Melbourne’s more expensive pockets. Propertyology’s suspicion is that migration away from Brimbank and Dandenong is related to car manufacturing job losses last year.





Brisbane

Greater Brisbane is made up of only five city councils, all of which were beneficiaries of positive internal migration last year. The biggest gains from interstate migration were Moreton Bay (5,110), Ipswich (3,223), and Redland (1,237).

WINNERSMEDIAN HOUSE PRICEINTERNAL MIGRATION
Moreton Bay$455,0005,110
Ipswich$345,0003,223
Redland$531,0001,237
Brisbane$671,000(3,424)

Interestingly, Brisbane City Council (officially Australia’s largest council) was the smallest beneficiary with only 846 people from the 17,426 total interstate migration to Queensland.

52 per cent of Queensland’s population reside outside of the state’s capital.




Perth

Greater Perth’s population growth of 20,085 last year was well down on the 40,000 to 50,000 annual growth between 2007 and 2013.

9 out of the 30 city councils which make up Greater-Perth actually saw overall population decline last year.

Perth’s biggest gains from interstate migration were Wanneroo (1,402), Serpentine-Jarrahdale (1,311), and Armadale (1,227).

WINNERSMEDIAN HOUSE PRICEINTERNAL MIGRATION
Wanneroo$430,0001,402
Serpentine-Jarrahdale$430,0001,311
Armadale$395,0001,227
LOSERS
Stirling$625,000(3,148)
Canning$535,000(2,227)
Joondalup$575,000(2,183)

Several years ago, Perth used to be one of Australia’s most expensive cities but the soft property market has improved housing affordability; this is a factor in the decision-making of many interstate migrants.






Adelaide


While Greater-Adelaide’s total population increased by 8,623 over the year, 6,115 existing residents migrated away.

Of the 18 city councils which make up Greater-Adelaide, only 3 produced a positive figure for internal migration last year; one of those (Walkerville) was for only 9 people.

WINNERSMEDIAN HOUSE PRICEINTERNAL MIGRATION
Playford$260,000335
Gawler$330,000234
Walkerville$954,0009
LOSERS
Port Adelaide Enfield$447,000(1,195)
Salisbury$330,000(1,016)
West Torrens$580,000(978)


Propertyology is a Brisbane-based buyer’s agency and (national) property market research firm. As the only company in Australia to correctly forecast Hobart’s resurgence before its current boom, Propertyology help everyday people to invest in strategically-chosen locations all over Australia. The multi-award-winning firm’s success includes 2018 winner of Buyers Agency of the Year in REIQ Awards For Excellence and being a finalist in the 2017 Telstra Business Awards. To find out how we can help you invest, contact us on 1300 65 40 70 or email here.

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Client News

Brisbane-based software group simPRO has established a team in California as part of a strategic move into the USA’s booming West Coast solar and security markets.

simPRO began in Brisbane in 2002 and over the last 15 years has grown to become one of the world’s leading job management software platforms, with more than 100,000 users worldwide.

The company has now appointed a team of three to focus on the Californian cities of San Diego and Sacramento, supporting its existing US headquarters in Colorado.

Announcing the move, simPRO US President Glenn Nott said the company had received strong interest from businesses in California looking for a job management platform like simPRO’s.

‘California is our fastest growing market in the US, particularly in the solar and security industries,’ he said.

‘The California solar industry has exploded over recent years, creating demand for technicians and field maintenance people.

‘Helping businesses that provide this maintenance and ensuring they can deliver the right people, at the right place and at the right time is what simPRO does best.’


The US solar industry generated $USD154 billion in economic activity in 2016, with about 360,000 people employed in the industry. California makes up nearly half of the entire US industry.

‘We see the solar industry as a major opportunity, not just in the short term, but over the long term as solar energy becomes more common and affordable,’ Mr Nott said.

‘While figures are less readily available, we see the more established security industry as a large opportunity and one that has potential to achieve high growth for simPRO.’

Mr Nott said the high levels of technological sophistication of local California businesses was also an important part of the decision to target the state with additional resources.

simPRO provides office and field-based software solutions for service, project and maintenance trade contractors from a wide range of industries.

The company’s software streamlines business processes such as project management, asset maintenance, stock management, scheduling, invoicing and payment processing.

In 2016, simPRO raised AUD$40 million in capital and has made strong inroads into the US market since ramping up expansion 12 months ago.

TIQ Europe has previously worked with simPRO to support their expansion into the UK market.

Digital industries are identified as one of Queensland’s emerging export strengths in the Queensland Trade and Investment Strategy 2017–2022.

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Client News

Flight Centre Travel Group’s (FCTG) powerful, pocket-sized chatbot travel assistant, is super-charged and ready to battle the travel grind on behalf of the country’s corporate road warriors.

FCTG today is announcing the Australian arrival of Sam at the btTB GBTA conference in Sydney. The award-winning mobile travel assistant app has been developed by the group’s innovation lab in Europe.

Employing a blend of AI (artificial intelligence) and integrated travel consultant support, Sam overlays the most important features that a business traveller needs with the experience that a leisure traveller enjoys.

Sam is now available for clients of FCTG brands FCM Travel Solutions and academic travel provider Campus Travel. FCTG’s SME business travel specialist Corporate Traveller and entertainment and sports travel brand Stage and Screen, will make Sam available for clients, second half of 2018.

FCTG’s corporate division executive general manager, James Kavanagh, said today’s launch was an exciting milestone for the Australian business travel community following the launch of Sam in the UK and the USA in 2017.

“By downloading Sam, our customers won’t miss a thing,” Mr Kavanagh said. “Sam’s messages are intuitive, helpful and include practical information and advice that is based on context, relevance and a traveller’s personal preferences.”

Mr Kavanagh said Sam fulfilled the necessary travel management functions, but went a step further by tracking a traveller’s location, providing real-time information for traffic and flight delays, and featured interactive city guides, weather updates and gate changes.

“Sam will even give you information about what carousel your luggage is on and allows you to book an Uber ride within the app,” Mr Kavanagh said. “Plus, some of the new functionality that’s on its way, is a perfect example of how AI is redefining the travel management space.”

“Across the USA and UK FCM has travellers from more than 80 national and multi-national companies currently using Sam. A recent survey of our USA clients who had downloaded the app, included comments from customers who were loving the ‘automated weather and traffic’ alerts and many praising the real time updates following the recent storms across the US East Coast.”



Sam Also Brings The World’s First ‘Chatbot Assisted Community’


As part of FCTG’s announcement, customers will also be shown the new ‘Community’ functionality – which is a first for the Australian and global business travel industry.

‘Sam Community’ – soon to be released, taps into the knowledge and experience of a global community of business travellers, serving up user-generated tips and advice based on a traveller’s location or when they ask Sam for assistance or inspiration.

FCM Travel Solutions general manager Melissa Elf said the tips and advice that would be available through the ‘Community’ function were provided by business travellers for business travellers.

“Sam Community acutely focuses on the experience of the traveller and how to enhance that traveller’s situation then and there. By providing locally relevant and personalised advice that’s consistently up to date, the entire traveller experience is going to be safer, easier and more enjoyable,” said Mrs Elf.

As well as ‘Sam Community’, the FCTG team will also be showcasing other new Sam functions that are coming soon including:

Sam for Travel Bookers:
Sam will ensure Travel Bookers are aware of potential issues impacting their traveller(s) and prompt appropriate actions including booking changes and communication with the traveller to ensure their wellbeing.

Enhanced traveller safety features:
Sam will soon recognise the user’s location via a blend of itinerary information and GPS and match this to any critical incidents, triggering real time relevant alerts with an ability to respond with appropriate action for the individual traveller.

Deeper integration:
Sam currently integrates with many leading service providers including Uber, Lyft and Certify, and is in the process of growing its integration with global travel suppliers.
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Client News

The Aquis Champions Tour showjumping event has concluded at Elysian Fields at Canungra on Sunday (May 6) with a narrow win by rider Merrick Ubank after he rode Alantinus to win the Pryde’s EasiFeed Gold Tour Final on Sunday in front of an excited crowd.

Ubank scored the win by just .35 of a second from Clint Beresford and Emmaville Jitterbug to claim the first prize of $35,000 in the richest event on the Australian Jumping calendar.

More than 300 of Australia’s best showjumpers have competed on the Gold Coast in a nine-day program for more than $340,000 in total prize money at the third annual Aquis Champions Tour.

Competition manager Michelle McMahon was delighted with the quality of competition at the prestigious event.

“Over the course of the program we’ve seen some spectacular jumping and tough competition with competitors from all Australian states and international entrants from Japan and New Zealand. Elysian Fields has been a first-class venue and this has been reflected in the quality of this elite event.” 

The Coolmore Silver Tour was won by Stephen Dingwell riding Cavalier Du Rouet, just .06 of a second ahead of Tom McDermott and Elegance De La Charmille. McDermott had paid double entry fee for the chance to win triple prizemoney, which resulted in him winning $12,000 for this class.






McDermott riding Alpha Activity then went on to win the hard-fought IRT Bronze Tour.  He beat Chris Chugg and KG Queenie with a huge gallop to the last fence for another $10,500 in prizemoney.

The junior championship was won by Jess Rice-Ward riding Dusky Farm Cavalier, while the amateur championship went to Morgan Daniel and Aladino. Jessie O’Connell rode Cassis Z Ten Halven to win the young rider championship.

The final event of the day is always a crowd favourite and this year did not disappoint. The winner of the Gollan Racing Speed Derby with an impressive clear 84.68 seconds was Clint Beresford riding SL Donato.

Second place went to Katie Laurie riding Cera Caruso and third was the entertaining Ron Easey riding Simplistic with a time of 87.49. Spread over almost 500 acres of prime pristine rural land at Canungra on the Gold Coast hinterland Elysian Fields features polo fields, show jumping facilities and acres of riding and relaxation country, plus luxury accommodation.

The facility, which has previously hosted a concert by Elton John, is the home of the biggest prize money show jumping competitions ever held in Queensland and the location for the highest level of polo tournaments ever played in Queensland.

Gold Tour Final top 10 placings: 

PLACE

RIDER NAME

HORSE NAME

PRIZE MONEY

1st

Merrick Ubank

Alantinus

$35,000

2nd

Clint Beresford

Emmaville Jitterbug

$25,000

3rd

Amber Fuller

CP Aretino

$20,000

4th

Ally Lamb

Diamond B Corsica

$17,500

5th

Katie Laurie

Casebrooke Lomond

$12,500

6th

David Cameron

RR Dyranta

$5,000

7th

Steven Hill

Yalambi’s Bellini Star

$4,000

8th

Brooke Langbecker

Quintago 1

$3,000

9th

Gabrielle Kuna

Cera Cassiago

$2,000

10th

Billy Raymont

Anton

$1,000

 

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Client News

Diversified property group CFMG Capital has completed the acquisition of two parcels comprising 6.72ha for development as a residential community at Morayfield, in the heart of Brisbane’s high growth northern corridor.

The sites are located at Graham Road, Morayfield, 40kms north of Brisbane and just three kilometres south of the Moreton Bay region’s largest city, Caboolture.

CFMG will develop the sites to yield over 130 lots ranging from 300 to 687sqm with traditional 10m, 12.5m and 15m frontages and lot depths up to 32m.

The acquisition will take CFMG’s development pipeline to more than 1,000 lots across six different projects in Queensland and Victoria.

CFMG Managing Director Scott Watson said pre-release marketing had generated strong sales enquiry from both owner occupiers and local volume builders looking to secure land for their clients, with in excess of 40 pre-sales already in place.

With the current contract exchanges already in place totaling a sales value of $7.2 million, Mr Watson expects that number to increase as a growing number of people are on the search for homes with a quality of lifestyle.

“The momentum of the project is expected to continue with official data indicating the demand for quality affordable projects in strong growth corridors forecast to continue,” he said.

Since 2009 Morayfield has experienced an average of 2.5% population growth, eclipsing the state average of 1.8%

The project also benefits from a myriad of local amenities that add value to the location and convenience to future residents, including parkland facilities such as playgrounds and barbeque areas, schools, childcare, shopping centres, specialty retailers and public transport networks.

CFMG Capital operates two core divisions; a residential communities development business with a pipeline of more than 1,000 lots and residential funds management business which has raised  more than $90 million in third party equity.

THE RESULT:


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