72 Valaria Avenue, Seven Hills. 72 Valaria Avenue, Seven Hills.Ms Ford said 72 Valaria Ave, Seven Hills was an opportunity for those seeking a property with a separate, versatile commercial shopfront featuring two private offices. “It’s perfectly suited to a home-based business or to let out for additional income,” she said.She said the property would suit solicitors, medical practitioners, photographers and accountants.Ms Ford said Seven Hills was a burgeoning suburb with continuing capital growth.“We are confident this unique property will be adored by a special buyer looking for an opportunity such as this, that is so rare to the market,” she said. 72 Valaria Avenue, Seven Hills.Five years ago, Jennene and Richard Greenall found a home at Seven Hills perfectly suited to their needs and were up for the challenge to undertake a complete renovation in a leafy neighbourhood close to work and local schools. More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 202072 Valaria Avenue, Seven Hills. 72 Valaria Avenue, Seven Hills.The big bonus was the shop front, which Ms Greenall has used as a treatment space for her natural-therapies business.The living and dining areas of the home flow through expansive white bi-fold doors and louvres to a saltwater heated plunge pool, framed by a Tallowwood deck and landscaped gardens, creating a unique private sanctuary. 72 Valaria Avenue, Seven Hills.Class Real Estate – Bulimba marketing agent Renee Ford said there was so much packed into the 400sq m corner block. “It’s quite a surprise once you’re inside just how spacious it is with multiple family zones, adequate privacy, tropical gardens and the commercial space is fantastic,” she said. “They have completed a fastidious renovation creating an elegant family home, offering a stylish haven that oozes tranquillity and that ‘living your holiday dream’ feeling.”
“The liquidity premium offered by the asset class is attractive, and the yield can be double that of a Eurobond of similar quality.”She said SMEs were potentially nimbler and more able to adapt to a changing economic environment than large companies.Furthermore, their operational leverage might be more contained because of lower fixed costs, leading to faster adjustment of the production capacity. On the other hand, SMEs might suffer more from price competition.Minibonds were created in October 2012 by Italy’s then government to give SMEs an alternative source of finance as bank lending dries up.Generally, they enjoy the same tax treatment as debt issued by listed companies, including tax relief on interest costs and issuance expenses.In addition, there are relatively few, and simplified, regulatory requirements for issuing the debt instruments.BNP Paribas Bond Italia PMI’s investable universe is made up of 1,500 companies selected on the basis of risk profile, type of business, turnover, industry outlook and international business profile.The fund will hold bonds from between 25 and 40 issuers.There will be a maximum holding of 8% for BBB-rated issuers and 5% for BB-rated issuers.Holdings will include both bullet bonds and amortising bonds.Ori said: “We have not set a maximum percentage per region, but we expect a large part of the investment to be made in the northern part of the country, given the concentration of the GDP in that area.“To ensure good diversification, we will allocate investments by industries, based on their weighting in the GDP and their financial outlook.”Bonds will typically be fixed rate but variable-rate issues will also be considered to hedge risk.The average maturity of the debt will be between four and five years.The target yield to maturity will be around 6% per year, with a net return for investors of 5% per year.Dividends will be paid at least annually.Ori said: “The risk/return of the fund is particularly attractive compared with similar products in foreign markets, for example, France and Germany. We therefore expect foreign investors to show interest in this product.”She added: “The profile of our fund is more conservative compared with others, as we want the asset class to start properly in the market, especially for investors such as pension funds.“We have launched a multi-originator platform with strict rules to manage conflict of interest and ensure the alignment of information and interest between investors and originators.”The fund’s target subscription is €150m, and the minimum investment is €1m.The fund will have a seven-year lifespan once subscriptions close next October.Financial consultancy Prometeia will act as the fund’s independent adviser, assisting with the screening of SMEs. BNP Paribas Investment Partners is seeking pension funds, banking foundations and other institutional investors for a new closed-end fund investing in bonds issued by small and medium-sized enterprises (SMEs) in Italy – so-called minibonds.The BNP Paribas Bond Italia PMI will target companies with an annual turnover of less than €250m.Elisa Ori, head of institutional business development at BNP Paribas Investment Partners, said: “Companies with a turnover below this level are normally unable to finance themselves in the liquid Eurobond market, via a syndicated bond issue. The aim of this fund is to provide these companies with market-based financing as an alternative to bank loans.”Ori added: “The asset class is a good opportunity for long-term investors because it offers diversification and a good risk/return profile.
Morata, signed from Chelsea on loan this month, had four efforts on goal.France World Cup winner Antoine Griezmann went close for the visitors with a second-half strike that came off the post.This was Atletico’s first loss in the league in 19 games and they remain six points behind Barcelona. Third-placed Real Madrid could close the gap to Diego Simeone’s side to two points if they defeat Alaves late last night.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram Alvaro Morata’s debut for Atletico Madrid ended in defeat at Real Betis as his side missed the chance to make ground on leaders on Barcelona.La Liga’s second-placed club could have closed the gap to three points after Barcelona drew 2-2 with Valencia, but they struggled to break down Betis.The match was settled by Sergio Canales’ 65th-minute penalty after defender Filipe Luis had handled.