Historic Broadway Hotel and Tower to Transform Woolloongabba Precinct

Woolloongabba’s historic Broadway Hotel will be redeveloped in a $260 million joint venture arrangement with the building’s owner and Brisbane developer Majella Property Developments. Under the proposed redevelopment the site will feature a 24-storey apartment tower featuring 280 one, two and three bedroom apartments. The development will also incorporate a three-level commercial and retail podium which will incorporate the heritage-listed hotel. The hotel on Logan Road at Woolloongabba was extensively damaged by fire in 2010. The hotel and land is owned by Brisbane doctor Malcolm Nyst. Majella Group founder Professor Frank Monsour said, “We’re delighted to be able to bring back the glory of the Broadway Hotel. “The hotel has always helped define the character of the precinct and we are keen to bring back the local markets and for the area to become vibrant again. The hotel will be a big part of this.

“It has always been the soul and an inviting gateway to the area which is why we’re retaining it. “Malcolm had been looking for a developer to join with who appreciates the heritage quality of the building.” Majella Property Developments will use some of the development profits from the apartment tower to restore the hotel which otherwise has been deemed to be economically unviable as a restoration project on its own due to the extensive damage suffered. Majella is basing its plans for the precinct on a laneways concept with the Broadway’s Gothic appeal influencing the style along with elements from New York. A Development Application is anticipated to be lodged with Brisbane City Council in August. When approved construction would expect to start in 2017 and be completed in 2019. The hotel which was completed in 1890 was designed by prominent architectural firm John Hall & Son. Majella Property Developments has completed its 91-apartment Radius Apartments development at O’Keefe Street in Woolloongabba and will soon start construction on Mountview Residences, featuring 15 stylish apartments over 12 levels at Spring Hill. woolloongabba

FIIG Securities’ Managed Portfolio Service For Bonds hits $100 million

mips_herobanner_flat

Australia’s first of its type managed portfolio service for bonds has now exceeded  $100 million in investments, with a range of individual, institutional and not-for-profits (NFPs) embracing the service for its high level of control, transparency and performance.

FIIG Securities launched the Managed Income Portfolio Service (MIPS) in mid 2015 as a way for investors to retain direct ownership of their bond portfolio and either receive fixed income or reinvest it while delegating the portfolio’s day-to-day management.

FIIG developed four different Investment Programs for MIPS, from which investors can select depending on their requirements for return and tolerance for risk, with the minimum investment starting at $250,000. Customised programs are available for larger investors ($5 million+). 

Performance has been a key driver of demand for MIPS with average performance, net of fees, for each of each program for the three months to end of May 2016, outlined below. 

 

Month ended May 31, 2016

Quarterly to May 31, 2016

Annualised (quarterly)

Conservative

Launched May 2016

Core Income

1.31%

.88%

3.54%

Income Plus

1.11%

1.48%

5.90%

Inflation Linked

0.88%

0.68%

2.72%

 

Since launching, more than over 50 investors with an average investment of around $1.75 million have utilised MIPS with total investments passing $100 million last week, with the most popular being the ‘Income Plus’ program.

FIIG Head of Institutional Markets John Cummins said the service provided clients with direct access to a well-diversified portfolio of direct bonds combined with professional management and oversight.

“Direct ownership of bonds has many advantages over buying them indirectly through a bond fund,” he said. “MIPS gives you all the benefits of beneficial ownership while delegating the day-to-day running of your portfolio to our fixed income experts.”

“Since launching we have experienced a steady inflow of investments with many investors increasing their programs once they fully understand the benefits,” he said. The success of the service over the last 12 months has gives us confidence there is a strong market for the MIPS and we will continue to grow well into the future.”

Under the MIPS offering investors simply set a mandate and FIIG’s portfolio management team manages the portfolio for them.

Investors through MIPS receive full professional investment management, retain beneficial ownership of their bonds, can choose to receive  or reinvest income,  and enjoy full transparency, with online access to details of their portfolio such as portfolio performance, valuations and transactions. (cont’d)        

FIIG Securities Limited, which is licensed by the Australian Securities and Investments Commission (ASIC), is Australia’s largest specialist fixed-income dealer. FIIG now facilitates over $1 billion of corporate Bond transactions per month for individuals and corporate investors.

FIIG has more than $11 billion in term deposits and corporate bonds under advice in its short-term money market, bonds and custody business.  The company has offices in Sydney, Melbourne, Brisbane and Perth. For more information about FIIG Securities please visit www.fiig.com.au

ENDS: Media enquiries to Ben Ready on 0415 743 838.

Collect Cash Faster With IntegraPay and ezyCollect

payments_housing Collecting money with Xero is now faster and easier than ever with a new partnership between two of Australia’s most innovative software companies. Leading payments technology innovators IntegraPay has teamed up with cloud-based collections automation business ezyCollect to accelerate accounts receivables recovery for small businesses using the Xero accounting platform. Under the new partnership, businesses that have signed up for ezyCollect’s automated invoice reminder add-on can integrate with the IntegraPay add-on to make it easier for their customers to make payments using a range of different options including credit card, BPAY and bank debit. The combination of regular reminders and easy payment options offered by the new solution can have a dramatic impact on accounts receivable with some clients reducing overdue debt by more than 50% and reducing bad debts by more than 90%. IntegraPay Chief Executive Officer Chris Urry said the partnership brought together two solutions with a shared goal of helping clients to collect payments faster and more efficiently. “Collecting outstanding invoices is one of the biggest challenges for small and medium sized business,” he said. “By combining regular, automated reminders using ezyCollect and giving clients a range of payment options using IntegraPay, debtor days are smashed and cash flow become much easier for businesses.” “Individually, we have both been able to demonstrate the value of our systems… combining them together on the Xero platform will give businesses a great opportunity to get ahead of their receivables and improve their bottom line.” According to a study from Dun & Bradstreet, more than 90% of business fail due to poor cash flow. The leading cause is bad receivables management. ezyCollects software solves this problem by intelligently automating unproductive, manual and repetitive tasks done by accounting departments. This allows businesses to focus on the most important part of their business – growing sales and building customer relationships. The results speak for themselves, with most customers seeing a 50% reduction in overdue debts in under three months. ezyCollect CEO Arjun Singh said the partnership with IntegraPay brings together two unique platforms. “We both understand the importance of cashflow to business success and have developed solutions that unblock the payment pipeline at key points,” he said. “The combination of ezyCollect and IntegraPay has the potential to slash your overdue debtors in weeks.” The IntegraPay Xero add-on brings together a number of important features, including utilising all the most popular payment methods, and for the first time allows you to include BPAY as a payment option. IntegraPay allows customers to pay Xero one-off invoices or recurring payments using a range of other options including credit card, bank transfer or regular direct debit, straight from the invoice. Customers click on the Pay Now button on their invoice to be directed to a menu of payment options. From there they simply select the solution that works for them and make the payment. IntergaPay’s Xero payment solution automatically reconciles payments from the invoice in Xero to reduce manual data entry and administrative costs while removing the risk of reconciling a payment with the wrong invoice.

Rocky Mountains Tour & Alaska Cruise

Cruise1st has released a fantastic value 17-night fly, stay, tour and cruise holiday in Alaska and the Rocky Mountains from $4,299* per person twin share. Departing on May 20, 2017, travellers will fly to Calgary in Canada where they will spend a night in the ‘Heart of the New West’. The next day you will commence an eight-day coach tour of Western Canada & the Rocky Mountains. Highlights include Calgary, home of the famous annual stampede; Banff and beautiful Lake Louise; the dramatic scenery of Kamloops and Whistler before arriving into the coastal gem of Vancouver, where you will get to explore this picturesque city, known as the ‘jewel’ of North America’s Pacific Coast. On May 28, 2017, travellers will be transferred to the port to board Celebrity’s five-star rated ship Celebrity Infinity for a 7-night cruise of Alaska and the Inside Passage. Port stops include Icy Strait Point, Hubbard Glacier, Alaska’s capital Juneau, and the ‘Salmon Capital of the World’ Ketchikan before returning to Vancouver. See tranquil fishing villages; wildlife including brown bears, eagles, moose and humpback whales; dramatic glaciers, icebergs and spring wildflowers. alaska Luxurious and comfortable, Celebrity Infinity features Broadway-style shows at the Infinity theatre, while children of all ages can find various activities to enjoy plus numerous pools, whirlpools and much more. At night, sample one of Celebrity Infinity’s four cocktail bars and lounges, or take a chance in Fortunes Casino. Your return flight to Australia departs Vancouver 4th June, following the cruise. For more information call 1300 596 345 or visit www.cruise1st.com.au. *Subject to availability. Restrictions may apply. Prices are per person, twin share based on an inside stateroom. Prices and specified hotel subject to change at any time. Prices per person twin share, inside stateroom 

From Sydney From $4,299*
From Melbourne From $4,299*
From Brisbane From $4,349*
From Adelaide From $4,499*
From Canberra From $4,599*
From Perth From $4,899*

The Funding Network Returns To Brisbane

the funding network brisbane Following last year’s highly successful event, The Funding Network is coming together once again to present its collaborative ‘social investment experience’ at PwC on 15th June. Three leading social entrepreneurs will take to the floor and pitch their programs to a live audience. Each charity has been selected for their innovative approach and potential to have a significant positive impact on QLD communities in need. Josh Chalmers, PwC Partner said: “We’re very excited to be hosting this event having heard so much about TFN from colleagues in Perth, Sydney and Melbourne. Supporting social entrepreneurs aligns perfectly with PwC’s focus on innovation and value creation. I’m sure it will be an inspiring experience.” The three pitching organisations are (more detail in appendix): Cores Australia provides community suicide prevention through training, education and early intervention. www.cores.org.au Heartfelt Homes provides subsidized accommodation for regional, rural and remote families of patients in hospitals far from home. www.heartfelthomes.org.au Orange Sky Laundry is Australia’s first mobile laundry for the homeless, custom-fitted vans to offer a free service for those in need. www.orangeskylaundry.com.au Each presenter aims to raise at least $15,000 from the audience on the night. Pledges are from as little as $100 so anyone can get involved sponsoring these ground-breaking grassroots charities. Everyone is welcome and tickets are available to the public for $30 via this invitation link. The event is being held on June 15 to coincide with the Queensland Community Foundation’s Philanthropy Week and is being presented in collaboration with Silver Chef, the Morgans Foundation and PwC. Silver Chef founder and Philanthropy Australia board director Allan English said: “TFN is a genuine enabler and opportunity maker – bringing together the right people, resources and projects for social change. We have identified three great enterprises that can continue doing their extraordinary work with a little financial help so it would be good to see as many people as possible at the event.” https://youtu.be/xjkd9Llw-qA TFN offers grassroots charities the rare opportunity to showcase their work, secure funding and mentoring, and to expand their donor base and networks. The format also gives people the chance to learn about social issues and to engage directly with innovators and programs that are really making a difference. This year’s first TFN Sydney event at Macquarie Group facilitated over $270k – the most funding pledged at a TFN event to date. Followed by another match-funded event in Melbourne that finished up at $100k. Brisbane awaits… For more information and to buy your tickets visit: TFN Brisbane 15 June 

AirAsia X Increases Flight Frequencies

AirAsia X has announced an increase in frequencies to eight destinations including Melbourne, Sydney and Perth in Australia. In the next few months, flight frequencies will be increased between Kuala Lumpur, Malaysia and Melbourne (to 14x weekly flights), Sydney (to 11x weekly) and Perth (to 14x weekly). They join increases to Osaka (to 9x weekly), Sapporo (to 5x weekly), Beijing (to 11x weekly), Shanghai (to 11x weekly) and Taipei (to 14x weekly) from Kuala Lumpur. For detailed flight schedules and more information, please log on to airasia.com. To coincide with the increase in frequencies AirAsia has launched a sale for all AirAsia X flights (flight code D7) with low fares available to Kuala Lumpur from Perth from $149*, Melbourne from $239*, Sydney from $249*, and Gold Coast from $269*. Fares between Auckland and Gold Coast are on sale from NZ$119* and from Auckland to Kuala Lumpur priced from NZ$329*. AirAsia X’s award-winning Premium Flatbeds are also on sale to Kuala Lumpur from Perth from $469* and Melbourne, Sydney and Gold Coast from $699*. Premium Flatbed fares between Auckland and Gold Coast are on sale from NZ$250* and from Auckland to Kuala Lumpur priced from NZ$799*. The travel period is from now until 24 November 2016. For all bookings and additional sale fares please log on to airasia.com. For bookings or further information visit www.airasia.com Flights and fares are subject to availability. Auckland Arik Kumar De, Head of Commercial for AirAsia X Berhad said, “As the pioneer for low cost long-haul travel, we are pleased to offer our guests greater value with additional flight options to selected destinations. Our guests can now enjoy more flexibility in their travel plans for the coming few months through the added flight frequencies which will be an added convenience factor.” Travellers can also log onto AirAsia’s one-stop travel portal at AirAsiaGo.com which offers a range of more than 80,000 three-star, five-star and boutique hotels to choose from. *Flights and fares are subject to availability. Availability of connecting flights are subject to timings of the individual flights. Seats are limited and not available on all flights/days or at peak periods. Fares include airport taxes & surcharges. Processing fee is applicable for online bookings made by credit, debit or charge card. Processing fee does not apply to Australian customers paying with PayPal. Fees apply for checked baggage except on Business Class Flat Bed fares. Other terms and conditions apply. Booking period 25 April 2016 – 8 May 2016 or until sold out. Travel period 26 April 2016 to 24 November 2016. Lowest possible sale fares are one-way online at airasia.com. Next best possible fare available via phone with additional $25 service fee. All amounts are in Australian dollars unless stated otherwise.

Parkside Alma Heights Rapid Sales Success

Moffatt Property Development Group has seen early success in its decision to target the fast growing corridor north of Brisbane around North Lakes. Its Parkside Alma Heights town house development in Dakabin has almost sold out with construction now underway and with completion expected in June 2016. Parkside features 21 three-bedroom town houses with prices ranging from $355,000 to $375,000. Moffatt Property Development Group’s Don Moffatt said, “This boutique development has resonated with investors and first home buyers due to its location and quality finishes. “This location is greatly sought after due to its proximity to transport, shopping and schools. “There are three supermarkets – Coles, Woolworths and Aldi with specialty retail shops being built adjacent to this precinct. “With two major transport corridors providing easy access to both the Sunshine and Gold Coasts, as well as Brisbane, Parkside Alma Heights’ accessibility is proving one of the main drawcards. “We’re very pleased with this result having just commenced marketing in November and have confidence in bringing our next development forward.” Experienced Sunshine Coast-based builder Vantage Building Group is constructing the town houses. “Vantage’s track record ensures the quality of construction and finishes that we are bringing to Parkside,” Mr Moffatt said. “Suitable development sites are difficult to come across, so we’re fortunate to have a pipeline of quality product in this area.” Parkside is only 35 minutes to Brisbane CBD, close to Dakabin train station and near the expanding Westfield North Lakes. Data released by CoreLogic RPData showed North Lakes as the standout performer for total house sales in the greater Brisbane region for the 12 months to September 2015 with $236 million in sales. Westfield are spending $140 million on an extension to link the North Lakes mall with the new Ikea store currently under construction. The Westfield extension is expected to be completed by the end of 2016. Due to the success of Parkside Alma Heights Moffatt Development Group will soon be launching another development in the area. For further information on Alma Heights please visit: www.almaheightstownhouses.com.au north lakes

Great Barrier Reef Shines In Attenborough Documentary

great barrier reef

The world’s most renowned naturalist, David Attenborough, has embarked on one of his most compelling journeys yet with the forthcoming screening of his documentary of the world’s largest living structure, the mighty Great Barrier Reef.

David Attenborough’s three-part Great Barrier Reef documentary will commence screening at 7.40pm on Sunday 10th April on the ABC and be available on ABC iview.

Attenborough had this to say about the prospect of returning to the reef to film the documentary: “The most exciting natural experience of my life was the first time I dived on a coral reef. Being on the Reef is a revelatory, thrilling and unbeatable experience and with this project, we are going to be able to share it with millions.

“As I entered the water I remember suddenly seeing these amazing multi-coloured species living in communities – just astounding and unforgettable beauty. So I’m very excited to be returning to the Reef with all the latest technology and science to see one of the most important places on the planet in a whole new way.”

Attenborough has also said to The Guardian.com of the Great Barrier Reef that, “It is fantastic, better than travelling to the moon.”

Attenborough first visited the Reef in 1957 using the first scuba-diving equipment and has been back several times since but never for a documentary of this nature.

The three hour-long programs will have eventually aired in 130 countries to around one billion people.

Snorkel 11
Daydream Island’s Living Reef Manager and resident marine biologist John Gaskell says that the reef continues to fascinate visitors to Daydream and the Whitsunday region.

“We’re lucky to be located in the heart of the Great Barrier Reef. It’s a constant source of wonderment to our guests, no matter whether it’s their first visit or one of many,” he said.

“This documentary will shine the light on the amazing variety of marine life to be found, many of which can be seen whilst snorkeling just off our own fringing coral reef.”

Daydream’s on-island Living Reef attraction is one of the world’s largest man-made living coral reef lagoons, home to more than 140 species of marine fish, 82 species of coral and 15 species of invertebrates such as starfish, sea cucumbers and crabs.

Comprising a north and south lagoon and holding more than 1.5 million litres of water, the Living Reef lets visitors learn about and get up close to the fascinating inhabitants of the Great Barrier Reef.

AirAsia X Now Connects Gold Coast to Auckland

Inaugural Flight Sale Gold Coast to New Zealand from AUD$129*

Gold Coast, Australia. 23 March 2016 – AirAsia X has commenced its daily flight service between the Gold Coast and Auckland, New Zealand, this morning with the arrival of flight D7206 from Kuala Lumpur into Gold Coast Airport, which then departed for Auckland.

The inaugural flight to Auckland had a healthy load factor of 95 per cent. Departing passengers were greeted and presented with gifts by Surf Life Saving volunteers in the terminal.

To celebrate this new route AirAsia X has commenced an online sale that will run until 3 April 2016 or until sold out. Guests can find incredible low fares available for a limited time only, starting as low as AUD$129* one-way to Auckland. Bookings can be made at www.airasia.com.

The travel period for the promotional seats is from 25 March 2016 to 22 May 2017.

Auckland

AirAsia X flight D7206 departs Gold Coast for Auckland, New Zealand.

AirAsia X’s popular Premium flatbed seats are also on sale from AUD$349* one-way.

AirAsia X’s daily flights between Gold Coast and Auckland depart Gold Coast at 9.05am each day, arriving in Auckland at 3.30pm local time.

AirAsia X CEO Benyamin Ismail said, “This service provides a compelling alternative for Gold Coasters looking to travel to New Zealand and will also augment the inbound tourism opportunities for the Gold Coast.

“We’re very pleased with the number of our Asian guests travelling via the Gold Coast to New Zealand. Both the Gold Coast and New Zealand are world class destinations and much in demand from our guests across ASEAN.”

Auckland

Gold Coast Airport Chief Operating Officer, Marion Charlton, says, “AirAsia X has been a valued airline partner at Gold Coast Airport since commencing direct services to Kuala Lumpur in 2007.

“We look forward to working with AirAsia X to ensure the long-term success of this new Auckland service.”

An Airbus A330-300 aircraft operates the route with a seating capacity of 377. The configuration will be AirAsia X’s standard configuration of 365 economy seats and 12 Premium flatbed seats.

AirAsia X was named the World’s Best Low Cost Airline Premium Seat and the World’s Best Low Cost Airline Premium Cabin titles at the 2015 Skytrax World Airline Awards. The AirAsia Group also received its seventh consecutive year title as the World’s Best and Asia’s Best Low Cost Airline at the awards.

For bookings or further information visit www.airasia.com  Flights and fares are subject to availability.

*Flights and fares are subject to availability. Booking period 23 March 2016 – 3 April 2016, or until sold out. Travel period 25 March 2016 – 22 May 2017. Seats are limited and not available on all flights/days or at peak periods. Fares are for one-way travel, hand luggage only and fully inclusive of all taxes and charges. Fees apply for checked baggage. Business Class fares come with complimentary services as advertised on airasia.com. Lowest fares available online at airasia.com. No processing fees are applicable for online bookings made with PayPal. Next best possible fare available via phone with additional $25 service fee. All amounts are in Australian dollars unless stated otherwise. See airasia.com for full details and Conditions of Carriage.

Richard Pratley

simPRO Appoints NZ Executive To Drive Growth

Richard Pratley

Richard Pratley

Global software group simPRO Software has launched a major growth drive in New Zealand as it looks to cement its position as the country’s most popular job management software for the trade services industry.

The company has appointed experienced electrical industry executive Richard Pratley as New Zealand General Manager with responsibility for overseeing a major expansion of the company’s presence in the local market.

Prior to joining simPRO, Mr Pratley was General Manager of Trade Business at Gerard Lighting in Auckland. Before joining Gerard he spent nearly 12 years in different positions at Schneider Electric, including as General Manager of the company’s Buildings Business division.

As part of his role with Schneider, Mr Pratley was responsible for implementing the simPRO Software platform across the NZ service business with more than 20 users.

simPRO Software provides leading-edge job management software for the trade services industry. The cloud-based system helps users to refine processes, improve profitability, and increase productivity.

The software is of most use to operators in the electrical, plumbing, HVAC and security industries and is currently used by a number of established brands in New Zealand, including Laser Group and Aquaheat.

Clients range from small contracting operations through to corporate enterprise with thousands of staff. The simPRO business management platform has more than 2,500 clients and 80,000 users around the world.

The company was founded in Brisbane, Australia, and now also has offices in Boulder, Colorado (United States); Auckland, New Zealand; and St Ive’s, England.

As part of the company’s aggressive growth campaign in New Zealand it plans to rapidly grow its local support and sales teams with staff expected to double over the next six months.

Mr Pratley said the decision to join simPRO was partly based on his experience of the product while working at Schneider.

“It is a great platform and the benefits we were able to generate at Schneider were far more than we expected,” he said.

“With a good understanding of the product and the needs of the market I am confident we can help more customers transform their businesses with simPRO and increase our market penetration.”

“With the investment of time and resources we expect to be able to grow the customer base fairly quickly with the goal of having 400 subscribers within the next 12 months.”

simPRO Software CEO Brad Couper said the appointment of Mr Pratley and the planned expansion of staff provided the company with the capacity to continue growing its subscriber base in New Zealand.

“We will be looking to significantly expand our foothold in New Zealand and the US over the next couple of years and our investment in new offices and new people is testament to the confidence we have in the the local market,” he said.

simPRO Software develops business management cloud solutions for the trade services industry. It’s products are designed to optimise business workflow to refine process, improve productivity and increase profitability.

simPRO also offers a mobility solution for the trade and service industries based around the Connect mobile app which gives field staff complete control over the administration of individual jobs including the ability to process payments on-site using a customer’s credit card. The simPRO mobility suite also includes eForms, which digitises a company’s existing paper based forms.

Established in 2002, simPRO Software is a Brisbane based software company which is the global leader in job management software for the services and contracting sector. The company’s clients range from small contracting businesses to mid-sized businesses through to large enterprises with thousands of staff.

For more information visit http://www.simprogroup.com