hermes is planning to clear out part of its retail portfolio and move into new sectors, which could include residential and continental Europe for the first time.The pension fund’s biggest disposal will be the Grosvenor Centre in Northampton, which is understood to be under offer to Legal & General for more than £80m. Hermes is shedding the centre because it feels that it is overweight in the Midlands. The deal will mark one of the largest shopping centre transactions in the past 12 months.Hermes is also to sell the Lion and Lamb Yard shopping centre in Surrey to Portman Investments for £12.3m and a portfolio of seven town-centre retail units to Dawnay Day for £13.5m.Richard Harrold, head of property, said that he hopes to complete the disposals in the next three months. A decision, he said, on whether to invest in the residential sector is likely to be made before the end of the financial year.However, Harrold said that a view on Europe would not be taken until the full effects of the euro had been assessed.Hermes is to maintain a neutral balance on its £1.5bn property portfolio.Of the recent sales, the Grosvenor Centre in Northampton comprises 39,019 sq m (420,000 sq ft) of retail and office space. The sale is expected to represent a 6.7% net initial yield.The Farnham centre comprises 6,596 sq m (71,000 sq ft) of retail space and the deal will represent a 7.7% net initial yield. The sale of the portfolio of seven town-centre units will represent a 9.1% net initial yield.Legal & General is also to move its property weighting from an overweight to a neutral position. But a spokesman said it is targeting business park and industrial holdings.Jones Lang Wootton acted for Hermes in Farnham and Northampton; CB Hillier Parker acted for Hermes on the retail portfolio. Cluttons Daniel Smith acted for Portman Investments while Lewis & Partners acted for Dawnay Day.
The most recent case of Pavia was a repatriated seafarer – a 32-year-old male (Patient No. 92) – but had not entered the town yet; he was at a quarantine facility. The town’s first confirmed case was a 59-year-old female (Patient No. 10) who died in the first week of April. The most common symptoms of COVID-19 are fever, tiredness, and dry cough. The town of Pavia, too, is now COVID-19-free. Its two confirmed cases both recovered – a 50-year-old male (Patient No. 37) and his 52-year-old wife (Patient No. 38). Barotac Nuevo also had no more COVID-19 case following the May 7 recovery of a 25-year-old female (Patient No. 36) – the second of two recorded cases in the town. Patient No. 42 was a grandson of the 94-year-old male (Patient No. 31) who died due to COVID-19 on April 7. Guimbal also had no more COVID-19 cases. Two of its three confirmed cases had recovered – a 51-year-old female (Patient No. 18) and a 65-year-old male (Patient No. 2). Some patients may have aches and pains, nasal congestion, runny nose, sore throat or diarrhea. These symptoms are usually mild and begin gradually. Some people become infected but don’t develop any symptoms and don’t feel unwell. ILOILO – The municipalities of Miag-ao, Barotac Nuevo, Guimbal, and Pavia have no more cases of coronavirus disease 2019 (COVID-19). The other COVID-19 case in Miag-ao was a 22-year-old female (Patient No. 12). She recovered much earlier than Patient No. 42. It was on May 9 yet when Miag-ao’s third recorded case, a 21-year-old male (the region’s Patient No. 42), recovered, according to the Department of Health (DOH) Region 6. COVID-19 is the infectious disease caused by the most recently discovered coronavirus. This new virus and disease were unknown before the outbreak began in Wuhan, China in December 2019. Possible vaccines and some specific drug treatments are under investigation. They are being tested through clinical trials. The World Health Organization is coordinating efforts to develop vaccines and medicines to prevent and treat COVID-19. The other case, a 58-year-old male (Patient No. 22) died. People can catch COVID-19 from others who have the virus. The disease can spread from person to person through small droplets from the nose or mouth which are spread when a person with COVID-19 coughs or exhales./PN
TRINIDAD and Tobago driving sensation, Kristian ‘Boodoostig’ Boodoosingh has been confirmed as one of the overseas competitors for the Georgetown Grand Prix ‘Caribbean Showdown’ billed for this weekend.Boodoosingh, the 2015 Caribbean Motor Racing Championships’ Group Four runner-up, will make his second appearance at the Georgetown Grand Prix, after competing for the first time at the event back in April this year.Back then he lined up in the Shifter Pro Cup against the likes of Group Four rival, Kristian Jeffrey, but didn’t get the desired results, finishing outside the top three in two races and failing to finish the third.This time around, the ‘Trini’ will do battle in the 125cc Senior category and he is looking to right the wrongs of that April race meet.“I am ecstatic about this opportunity given to me again by Vishok Persaud to race under the lights at the GT Motorsports facility. This time I will be running in the 125cc class, coming up against the likes of the Jamaican racers. Now having one event under my belt, it should put me in a better position to hopefully get on the podium this coming Saturday,” Boodoosingh said on Sunday.He will be up against Matthew Vieira, Denzel Hopkinson, Mikhail Mohamed and first-timers to GT Motorsport– the Jamaican duo, Senna Summerbell and Joshua Sigany.Action will get underway at 18:00hrs and admission to the venue is $1,000 for adults, $500 for children and $4,000 for the VIP experience.The Georgetown Grand Prix will set the stage for the ultimate motorsport event of the year- the final leg of the Caribbean Motor Racing Championship on November 12 at the South Dakota Circuit.It is being supported by Sun Burst Juices, Rent-A-Tent, Fly Jamaica, Stag Beer, Monster Energy Drink, Exxon Mobil, Hand-in-Hand Insurance, Ready Mixx Concrete, Scotiabank, Cloud 9, Optique Vision Care, Toucan Industries, Ticket Master Travel Agency, E-Networks, King’s Jewellery World, Hero Motor Cycles, Ray’s Motor Spares, Cyril’s Taxi Service, Bounty, Trophy Stall, Prem’s Electrical Store, Impressions, Truck Masters, Windjammer, Super Bet, The Track Bar, Ocean Spray Hotel, Secure Innovation and Concept, Clear Waters, Marics, Rid-O-Pest and Karcher.
ZENITH BANK WOMEN B’BALLFirst Deepwater Basketball team has forced the Nigeria Basketball Federation (NBBF) to alter some of the fixtures of the ongoing Zenith Bank Women league.The non-arrival of the Lagos-based team has resulted in some alterations of match fixtures.NBBF officials are still hopeful that Deepwater would arrive last night for the competition, hence, the rescheduling of some matches.NBBF Scribe, Augustine Balewa, said all things being equal, Deepwater would be received on arrival.Meanwhile, First Bank of Lagos has continued the domination of the league beating Taraba Hurricanes 100 – 22 points, Delta Force defeated Zamfara Babes 66 – 38 while Coal City girls lost 11 -29 to Sunshine Babes.The IGP Queens on their part outplayed Benue Princess with 81- 63 points.The league continues Wednesday with top teams like First Bank confronting youthful Dolphins side.The NBBF scribe said all efforts were on to ensure the second stage was a hitch-free competition.â€œWe are not relenting. We are working towards getting it right because this is a crucial stage of the competition since some of the teams will be dropped after the Kaduna event,â€ Balewa concluded.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram