‘New Farm’s greatest family home’: this is what a $2m reno looks like

first_imgAFTER: Sleek, stylish and a joy to be in, the new bathroom is unrecognisable. Picture: realestate.com.auHe said the property’s 20 metre frontage was bigger than the standard 10 metres in New Farm.It’s also on a 607 sqm elevated block, which is classified as acreage in New Farm.Other features include Vzug kitchen appliances, a Vintec wine fridge, a self-opening dishwasher, in-ceiling speakers, a steam room shower, automated blinds and curtains and even a fireman’s pole.BEFORE: The old dingy carpet haas seen better days…Picture: realestate.com.au AFTER: 24 Bailey St, New Farm, after the renovation. Picture: realestate.com.auMarketing agent Scott Darwon of Ray White New Farm said there was nothing else like it in the blue chip suburb.“It’s the greatest architectural family home on the market in New Farm I’ve seen in the eight years I’ve been in real estate here,” Mr Darwon said.What you’ll get for $4m in BrisbaneWhere home values grow the fastestWho paid big bucks for this unitBEFORE: The interior was poretty dated before the renovation. Picture: realestate.com.auMore from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoAFTER: Impressive outside – and in. Picture: realestate.com.auThe home was designed by Shane Marsh Architects and developer Strathallan spared no expense creating a house for the modern family, based around integrated living areas all on one level spanning 480 sqm.The office, laundry, kitchen, living and dining areas all connect through a single 14 metre, floor to ceiling glass door to the backyard.BEFORE: The kitchen before the renovation was basic to say the least. Picture: realestate.com.au AFTER: A cosy haven now, with wonderful sunset views. Picture: realestate.com.auThe home will open for inspections for the first time on Saturday, but Mr Darwon said he had already received 10 inquiries since the listing went up yesterday.The property is being sold by negotiation, but recent comparative sales include 579 Lower Bowen Terrace, New Farm, which fetched $4.8 million and 53 Mountford Road, New Farm, which sold for $3.3 million.Follow Liz Tilley on Twitter @liztilley84 AFTER: Now it’s a kitchen fit for a master chef. Picture: realestate.com.auThere you’ll find a no-mow lawn, built-in Weber BBQ, outdoor wood burning fire place, outdoor shower and heated pool.“What people are looking for right now is consolidation of living, so you can see the kids from wherever you may be in the house,” Mr Darwon said.GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HEREBEFORE: The bathroom wasn’t exactly a place for pampering before the reno. Picture: realestate.com.au AMAZING MAKEOVER: 24 Bailey St, New Farm, is for sale after a multi-million dollar reno. Picture: realestate.com.auTHE makeover may have cost a mint, but the results speak for themselves.A rundown, pre-war character house in one of Brisbane’s most exclusive suburbs has been dubbed ‘New Farm’s greatest family home’ after undergoing a multi-million dollar facelift.The facade and roof pitch are all that remain of the original 1930 Queenslander at 24 Bailey Street after undergoing a major renovation estimated to be worth around $1.9 million.BEFORE: 24 Bailey St, New Farm, before the renovation. Picture: realestate.com.aulast_img read more

Hapag-Lloyd Raising New Funds after Merger with UASC

first_imgGerman carrier Hapag-Lloyd will carry out a capital increase, agreed upon as part of its merger with United Arab Shipping Company (UASC), with the gross proceeds expected to reach EUR 352 million (USD 414 million).The company said that the expected gross issue proceeds from the capital increase would primarily be used for the repayment of debt as well as general corporate purposes.“Following the successful merger with UASC, we will use the capital increase to strengthen our capital structure and to use the proceeds to reduce the leverage of the company. This enables us to focus on enhancing our strategic and operating objectives,” Rolf Habben Jansen, CEO of Hapag-Lloyd AG, said.Following the the official merger of the two companies in May 2017, the shareholders approved new authorised share capital for a capital increase.The capital increase is backstopped by the primary shareholders CSAV Germany Container Holding GmbH, Kuehne Maritime GmbH, Qatar Holding Germany GmbH and The Public Investment Fund of the Kingdom of Saudi Arabia for a total of EUR 352 million.They have committed to exercise their subscription rights and to acquire new shares that are not acquired by other shareholders.The company’s share capital of EUR 164,042,940.00 will increase by EUR 11,717,353.00 to EUR 175,760,293.00 by issuing 11,717,353 new no-par shares in exchange for cash while maintaining the shareholders’ subscription rights. The new shares became eligible for dividends on January 1, 2017 and shall be offered to all shareholders at a subscription price of EUR 30.00 and a ratio of 14:1 per share.The subscription period for the shareholders is expected to start on 2 October 2017 and end on 16 October 2017.Separately, Hapag-Lloyd will finalize its comprehensive newbuild programme by taking delivery of the 15,000 TEU containership Al Jmeliyah at the shipyard of Hyundai Samho Heavy Industries (HSHI) in South Korea on September 28.Classed as an ultra-large container vessel (ULCV), the boxship giant is scheduled to start operating this weekend on the FE4 service of THE Alliance between Asia and Northern Europe, just like its predecessor, the Afif, which was delivered in July.The 368-metre-long Al Jmeliyah, which features 153,148 tonnes, is the last in a series of 17 newbuilds contracted to HSHI by UASC in the summer of 2013. The series comprised eleven 15,000 TEU and six 19,900 TEU ships, the first of which was delivered in 2015.Following the merger with Hapag-Lloyd at the end of May this year, these units became a part of the Hapag-Lloyd fleet, which currently consists of 219 ships, making Hapag-Lloyd the fifth-largest liner shipping company in the world.Image Courtesy: Hapag-Lloydlast_img read more