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Brantley

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  1. Two Ducks Fighting in the Pool.... "Survival of the fittest".. LOL start at 5:00 when ZeroQ starts to narrate... :0 http://www.youtube.com/watch?v=pb2pLunxycE
  2. Sums up the DOW last night... Halloween Trick or Treat.... I got a Rock... http://www.youtube.com/watch?v=CtFzYI54Nhg
  3. Zero-Q's Nice Boat Poem http://www.youtube.com/watch?v=0k3SCYw4PbE http://farm4.static.flickr.com/3500/4042118338_04535460c0.jpg Zero-Q's Nice Boat Poem Journey forth atop this yacht Across the endless blue, I sit at the stern, my rod in hand To catch a fish or two But no such luck, I must confess, No fishes here I dread, As for my bait I use not worms Instead a severed head To whom it belonged, a selfish boy For each his sins he paid, He broke the hearts of many girls And probably gave them aids And yet, I envy him somewhat, For he has scored with many, As for myself I remain untouched, I havent scored with any Stuck at sea, aside this girl Im stranded on the dingy, If I dont sleep with one eye open Shell chop off my thingy Her mind is filled with madness, Her breasts, I dare not fondle, I may be killed atop this boat, But it still beats working at McDonalds
  4. For Higurashi anime fans.... A little light humor for the weekend http://www.youtube.com/watch?v=LK_XbtsET0A
  5. Brantley

    RRS

    FYI... For those who did NOT read last years GM Presentation and compared it to this years GM Presentation please see below. BTW the Photos of the "Trucks arriving at Bosasso Port" and the "Seismic trucks leave in convoy" on page 10 of 22 of this years presentation are the same as last years photos in the GM presentation on page 14 of 18. As you can see from last year's presentation it stated: Rig mobilisation for Dharoor planned for 4th quarter of 2008, spudding early 2009. Mininum of 2 back to back wells. AND from last weeks presentation it states: * Rig mobilisation for Dharoor planned for 4th quarter of 2009. Minimum of 2 back to back wells followed by 2 wells in Nogal Valley. As you can see from last years GM Presentation there is not much difference other than changing of the dates and adding a new project in the Republic of Georgia. ****************************************** FYI... From last years AGM Presentation 2008 Announced by: RRS Announced on: 24/11/2008 15:30:00 // From page 13 of the 2008 AGM Presentation 2008/2009 Work Programme * Africa Oil has completed reviews of extensive data collected by Puntland Government and Range Resources including reprocessing and reinterpreting seismic tapes * Reinterpretation results and ready to drill targets (Nogal Valley) identified with contractor selected. Current programme is for Nogal to be drilled after Dharoor Valley * 2,600km 2D seismic programme commenced in May 2008 for Dharoor Valley Bosasso Port * Rig mobilisation for Dharoor planned for 4th quarter of 2008, spudding early 2009. Mininum of 2 back to back wells. * 2D offshore seismic programme planned for 1st quarter 2009.// ******************************************** FYI... From last weeks GM Presentation for 2009 * Announced by: RRS * Announced on: 04/09/2009 11:49:00 * 2009 Work Programme * Africa Oil has completed reviews of extensive data collected by Puntland Government and Range Resources including reprocessing and reinterpreting seismic tapes * Reinterpretation results and ready to drill targets (Nogal Valley) identified with contractor selected. Current programme is for Nogal to be drilled after Dharoor Valley * 900km 2D seismic programme commenced in May 2008 for Dharoor Valley was completed December 2008 * Rig mobilisation for Dharoor planned for 4th quarter of 2009. * Minimum of 2 back to back wells followed by 2 wells in Nogal Valley. * Final stages of Government Africa Oil sign off. * 2D offshore seismic / multi client programme to be agreed with Puntland Government ­Q3 2009.
  6. Brantley

    RRS

    Hi drarthur, Re: GM Presentation I don't know about you but it reads like all the past GM Presentations with the exception that we now have Georgia, along new photos of Puntland and promises of whatever to entice the punters in place of Forrestania, Donnybrook and Peru (Corachapi) back a few years and then it was Puntland. And the "New Management Team" reads like past GM Presentations when Mike Povey, Sir Sam Jonah, Liban Bogor, Fawaz Mourad were appointed along with Ken Fellows/MEPS (Middle East Petroleum Services) and so forth. And before that when the "New Team" was appointment of Jim Marinis and Peter Landau to replace Matthew Lewis and Paul Matich, and Paul Pupazzoni. I remember when PL was appointed we all thought that the world had changed. Little did we know. I guess time will tell if things will really change this time. Good luck to all. Notable Quotations from George Santayana 'Those who cannot remember the past are condemned to repeat it.' Life of Reason, Reason in Common Sense, Scribner's, 1905, page 284" Everyone PLEASE do your research and DD. Cheers, Brantley"All our progress is an unfolding, like a vegetable bud. You have first an instinct, then an opinion, then a knowledge as the plant has root, bud, and fruit. Trust the instinct to the end, though you can render no reason." ~ Ralph Waldo Emerson
  7. Brantley

    RRS

    Hi drarthur, Have to agree. Appears nothing happening in Puntland until 1st Q of 2010. As we know these proposed drilling dates in Puntland tend to be moved out. We have been told before that a drill rig was in country and ready to go with no update as to what happened to it. Now we are told that a full time Drilling Manager is to commence efforts on the procurement and mobilization of a drill rig for the proposed Somalia exploration drilling campaign. It is now a situation of belive it when you see it and NOT what you read. Cheers, Brantley FYI from AOI website below there does not appear to be any drilling to take place before the first quarter of 2010. So nothing happening in Somalia for a while from what I read. From what I have read the Dharoor block in Somalia will NOT be drilled until the first quarter of 2010. And Kenyan is to spud first during Q4 2009. http://www.africaoilcorp.com/i/pdf/2009-Q2.pdf
  8. Brantley

    RRS

    Hi All, The Georgian project has some interesting "Dots" and the usual suspects with the other projects along with some new ones. I won't posts all the "Dots" and suspects now but enough so that those interested in researching some of the individuals and companies that might be behind the potential Georgian project can do so. And there is just some interesting reading below. I guess time will tell just how this new chapter of RRS turns out. Disclaimer: Some of the individuals below may or may not have any relationship to RRS or the Georgian project. Everyone please do your research and DD. Cheers, Brantley From The Australian http://www.theaustralian.news.com.au/busin...5016575,00.html CITY BEAT: Rebecca Urban | July 10, 2009 Georgia on their mind THEY'RE an intrepid lot at Range Resources. Not content with searching for oil and gas in Somalia, Peter Landau and his crew now plan to look for the stuff in the former communist republic of Georgia. Emerging from a trading halt yesterday, Range revealed that it had signed a deal with Britain-based Strait Oil and Gas to farm into its Georgian oil and gas blocks. The deal was stitched up with the help of Damian Conboy, the London-based financier brother of Perth stockbroker Paul Conboy. <li> Damian recently joined the board of Strait, whose chairman Mustafa Mutlu will eventually take a board seat at Range. <li> Interestingly, Mutlu has a PhD in economic and social upheaval from Istanbul University. We imagine it will come in handy. ******************************************** Damian Antony Conboy background information Damian Antony Conboy (age 38) holds a Bachelor of Commerce from the University of Western Australia. He began his career at Potter Warburg stockbrokers in Perth, Western Australia. <li> Following a move to the UK in 1999, he was involved in several business ventures, finance and other business development roles. <li> More recently, he has worked as Managing Director of Exchange Minerals Limited (of which he is also a director),a boutique corporate finance company with offices in London, Dubai, Perth and Belgium, providing project development and capital-raising advice to several companies including Greenland Minerals & Energy Limited. <li> Mr Conboy is also a director of Strait Oil & Gas (UK) Limited, a company with oil and gas projects in Georgia. <li> His past directorships in the last 5 years were My Body Talks Limited, Octagonal Limited and First Avenue International Limited. <li> In August 1999, Mr Conboy was barred by the Australian Securities and Investments Commission ("ASIC") from acting as a representative of a securities dealer or an investment adviser in Australia for a period of two years. ASIC found that Mr Conboy did not perform his duties efficiently, honestly and fairly and was not a fit and proper person to be a representative. http://farm4.static.flickr.com/3550/3846551601_f0b6ddef25_b.jpg ******************************************** <li> Mustafa Mutlu http://farm4.static.flickr.com/3575/3846554691_ee616fa3ba.jpg ******************************************** <li> Exchange Minerals http://www.exchangeminerals.com.au/ <li> Mick Shmazian http://business.theage.com.au/business/gun...cx.html?page=-1 //That Exchange Minerals is linked to former Perth mining figure Mick Shemesian, who now resides in the United Arab Emirates and London and conducts deals with many small-cap Australian miners. <li> Shemesian - under the alternate spelling "Michael Shamazian" - is a director of Mining and Petroleum Projects Limited, a company incorporated in the British Virgin Islands. <li> Mining Petroleum Projects has its head office in Ashgabad, Turkmenistan, and its website states that "Exchange Minerals Limited of Dubai" is an "associated unlisted company". <li> "Associated listed companies" of MPM are Boss, Range Resources, Artemis Resources, Contact Resources and Cape Lambert.// ******************************************************** Good oil on a prime announcement http://business.theage.com.au/business/goo...g6.html?page=-1 FULL DISCLOSURE / MARK HAWTHORNE March 3, 2009 //Shemesian is embroiled in court proceedings with former business partner Brett Matich. The pair are fighting for control of a stake in Cape Lambert Iron Ore, the mining explorer controlled by Perth Glory owner Tony Sage. Shemessian's Hong Kong-based company Power United  owned in the name Shmazian  owns 10.5 per cent of Cape Lambert and last year launched a bid alongside Russia's Evraz to take control of the company, which controlled $320 million in cash. That bid was stymied by Matich, who obtained an injunction from the Supreme Court of WA to prevent Shemessian from selling or voting his Cape Lambert stock. Matich and Shemessian are scheduled to square off in court later in the year. "The thought of Gatto and Shemessian meeting in London has made Brett rather nervous," quipped one mining figure.// ******************************************** https ://www.businessspectator.com.au/bs.nsf...E?OpenDocument LUNCH-DEALS-Come-in-spinner Cape Lambert Iron Ore The Takeovers Panel has affirmed ASIC's decision to not grant Cape Lambert Iron Ore subsidiary Cape Lambert MinSec relief on acquiring 20 per cent-plus stakes in several companies that were held in the portfolio of CopperCo, which it purchased on May 7. The interests in Tianshan Goldfields, Corvette Resources, Niplats Australia and Buka Gold will either have to be sold or takeover applications be made, ASIC and the Panel have ruled and we guess it will be the former as Cape Lambert probably just wants to get on with being a mining company after a very colourful shareholder dispute probably took up too much attention. Earlier this week Power United and Michael Shmazian (as he is sometimes known) sold their shares in Cape Lambert ending a battle between the company's major shareholders. It was reported by Cape Lambert enthusiast Mark Hawthorne in Business Day last week that Shmazian (or is it Shemesian?), a representative of Russian oligarch Roman Abramovich and Romanian-born, er, colourful businessman Frank Timis sat down together at London's Mayfair Hotel earlier this year to find a solution to a long-running and complex dispute without having to go to court. Facilitating the discussion was, apparently Mick Gatto and fellow arbitrator and mediator John Khoury, the chap who accompanied Gatto to Singapore in one of the Opes Prime saga's more colourful episodes. The outcome seems to be settled though with Cape Lambert reporting the sale of Power United's $17.5 million worth of shares. Thank God for that. Or thank Gatto. ******************************************************** http://www.evraz.com/about/glance <li> Evraz Group S.A. is one of the largest vertically-integrated steel, mining and vanadium businesses in the world. In 2007, Evraz produced 16.4 million tonnes of crude steel, 12.6 million tonnes of pig iron and 15.2 million tonnes of rolled products. For the first half 2008, the consolidated revenues were US$10,726 million and EBITDA - US$3,700 million. ******************************************************** Eugene Shvidler, Member of the Board of Directors of Evraz Group S.A. <li> Born in 1964 Eugene Shvidler is a graduate of the I. M. Gubkin Moscow Institute of Oil and Gas with a masters degree in applied mathematics, and holds an MBA in finance and MS in international tax from Fordham University. He worked as senior vice president of Sibneft beginning in 1995 and served as president of the company from 1998 through 2005. <li> Eugene Shvidler is currently chairman of Millhouse, LLC, the investment and asset management company he shares with Roman Abramovich and their partners. He also owns the Château Thénac vineyard in France, a $37 million home in Belgravia in London, and the yacht Le Grand Bleu. <li>He joined the Highland Gold board of directors in January 2008. ******************************************** http://en.wikipedia.org/wiki/Roman_Abramovich Roman Abramovich Born into a Jewish family, Roman's paternal grandparents were exiled to Siberia from TauragÄâ€â€ÂÂÂÂ, Lithuania by the Soviets after the occupation of Lithuania in 1940.// The Times has reported that he was a market trader selling black market toys before his association with Boris Berezovsky.// ******************************************************** http://business.theage.com.au/business/sig...td.html?page=-1 Signs of shady Russian share dealing FULL DISCLOSURE / MARK HAWTHORNE December 12, 2008 Russian billionaire Roman Abramovich. YOU can forgive Cape Lambert's Iron Ore boss Tony Sage for feeling like a man under siege. Ever since the executive chairman secured $400 million in cash for the company's iron ore assets in Western Australia from China Metallurgical, the sharks have been circling. Indeed, with each payment of $80 million from the Chinese has come even greater pressure to remove Sage from the Cape Lambert cashbox. The first shark to circle was tenement dealer Mihran Shemessian. He's known as "Mick Manynames", due to the number of different spellings of his surname on documents. Shemessian's Hong Kong-based company, Power United  owned in the name Shmazian  holds a touch over 10 per cent of Cape Lambert and, under a deal struck years ago, he is entitled to millions of dollars in royalties from the project. Shemessian tried to have day trader Leo "The Gun" Khouri of Opes Prime fame installed as a director of Cape Lambert, but that attempt failed. That play for the company had a colourful enough cast, but the next in line to try to seize control of Cape Lambert has some international names. The latest move seems to be coming from Cape Lambert's biggest shareholder, Russian steel giant Evraz group, which owns 16 per cent of Cape Lambert and is controlled by Roman Abramovich. Sage says of the moves for Cape Lambert: "We've increased security at home, and at the office." Cyprus-based Unicredit Aton International has unexpectedly emerged as a substantial shareholder of Cape Lambert. That detail only came to light after Sage and the board hired international business intelligence firm Thomson Reuter to investigate a large number of share parcels owned by Cyprus-based companies. <li> Thomson Reuter found that Unicredit Aton  a financier that provides "access to Russian and international stock exchanges"  now controls 36.8 million Cape Lambert shares, or 7.28 per cent of the company. After being flushed out by Thomson Reuter, Unicredit Aton lodged a substantial shareholder notice with the Australian Securities Exchange ASX on Wednesday. But Unicredit Aton won't say on whose behalf it bought the Cape Lambert shares. The board of Cape Lambert suspects that Evraz might be behind the Cyprus shareholding  putting it in control of 23.3 per cent of Cape Lambert and in breach of Australia's foreign investment rules. Evraz would need approval to move beyond 19.9 per cent ownership. Cash-strapped Evraz may also be obliged to make a takeover offer for Cape Lambert  not a welcome thought for the biggest steel maker in Russia, as its share price has tumbled 90 per cent this year. "We've heard they are now shopping the Cape Lambert shareholding around and are trying to sell it," says Sage. "They need the money." <li> Abramovich is one of the world's wealthiest men and owner of England's Chelsea Football Club. <li> According to reports from Moscow, Abramovich's holding company Millhouse owns 36.4 per cent of Evraz. Newly installed Evraz chairman Alexander Abramov owns 24.3 per cent. The previous chairman, Alexander Frolov, has 12.1 per cent. Privat Group of the Ukraine, controlled by Gennady Bogolubov and Igor Kolomoisky, has 9.7 per cent. <li> It's a list of some of the most powerful men in Russia, and Cape Lambert's board has taken note of just where these men hold their Evraz shares. The more Sage investigates, the more the evidence mounts that some of Russia's richest men flouted Australia's foreign investment and takeover laws in order to build a bigger stake in Cape Lambert. "We have informed Evraz that they may be in breach of Australia's foreign ownership laws," Sage says. According to the latest annual report issued by Evraz, a Cyprus-registered company, Lanebrook, owns 69.5 per cent of Evraz's shares directly, and a further 6.8 per cent indirectly. Lanebrook's shareholding structure is a mystery, but reports from Moscow and London suggest its owners include Abramovich, Frolov and Abramov. The board of Cape Lambert is considering lodging a complaint with the Foreign Investment Review Board, but has so far been unable to link Evraz with Unicredit Aton. "No query has yet been lodged with FIRB or any of the regulatory authorities in Australia," Cape Lambert spokesman David Tasker said. A spokesman for the FIRB would not confirm if Evraz was under scrutiny, but confirmed that the board of Cape Lambert had not yet lodged a complaint. ******************************************************** http://en.wikipedia.org/wiki/Frank_Timi%C5%9F Frank Timis Frank Timis (born Vasile TimiÅŸ, 28 January 1963) is a controversial Romanian-Australian businessman living in London, with interests in mining and oil extraction industries. The Sunday Times Rich List estimated his wealth at £162m (U$238m) as of April 2008[update], making him the 497th richest person in Britain. The Romanian magazine Capital reckoned TimiÅŸ to be the 9th richest Romanian, estimating his wealth at $290m as of 2006. ******************************************************** Lord Truscott http://www.dailymail.co.uk/news/article-11...r-Truscott.html Lord Truscott http://en.wikipedia.org/wiki/Peter_Truscott,_Baron_Truscott Peter Derek Truscott, Baron Truscott (born 20 March 1959 in Newton Abbot, Devon) is a British petroleum and mining consultant, Labour Party politician and writer. He was a Member of the European Parliament from 1994 to 1999 and was elevated to the peerage in 2004. He has written on Russia, defence and energy, and works with a variety of companies in the field of non-renewable resource extraction. Previously somewhat low-profile in British politics, he made headlines in 2009 as one of four labour peers named by the Sunday Times as being willing to accept money to help companies amend bills that would have an adverse effect on them. "All our progress is an unfolding, like a vegetable bud. You have first an instinct, then an opinion, then a knowledge as the plant has root, bud, and fruit. Trust the instinct to the end, though you can render no reason." ~ Ralph Waldo Emerson
  9. Brantley

    VPG

    FYI... Fair Value ($)0.25 Huntley's Report Sections from report below: Event Analysis Recommendation: Speculative Buy Note: marker indicates prices of $0.10 at publication date * Price based on previous close Fair Value ($)0.25 ********************************************** Impact * Downside risk is minimized through the non-recourse structure while 50% of potential upside is retained. * Debt terms seem reasonable with three-year maturities, no gearing covenant, an undemanding debt service cover covenant of 1.0x and a weighted average interest margin of 134bps. ********************************************** Huntley's Report Valad Property Group(VPG) 02 Jul 2009 | Cuts losses in Europe | * Investment Rating Valad Property Group (VPG) is one of Australia´s newer AREITs, being a stapled security comprising a unit in the trust and a share in the management company. VPG has four interlinked business streams - each based on a 'value-add´ to investment property - being development and trading, capital services, ownership and funds management, with assets in Australia, Europe and the UK. While rental income and funds management fees form stable earnings for VPG (96% of 1H09 EBITDA), short-term stability is dependent on no losses from the riskier businesses of development, trading and capital services, which will form the medium-term growth drivers. Short-term price volatility is expected to be extreme. VPG is currently high risk and should only be considered by investors willing to speculate on a positive medium-term outlook. * Result Description * VPG formed a 50:50 joint venture (JV) with the Bank of Scotland (BOS), contributing most of its European / UK assets and all associated debt. VPG retains 100% ownership of its European funds management platform which will manage the JV. * The company contributed $851m of property assets and investments plus $761m of associated liabilities. It will also contribute around $43m in cash. BOS contributed undisclosed assets and liabilities. * All debt within the JV is non-recourse to VPG. All cash and profits generated will be used to retire debt. * VPG values its stake in the JV at zero. Impact * Downside risk is minimized through the non-recourse structure while 50% of potential upside is retained. * Debt terms seem reasonable with three-year maturities, no gearing covenant, an undemanding debt service cover covenant of 1.0x and a weighted average interest margin of 134bps. * Recommendation Impact (Last Updated: 02 Jul 2009) * No change * Event Analysis Recommendation: Speculative Buy Note: marker indicates prices of $0.10 at publication date * Price based on previous close Fair Value ($)0.25 Morningstar Style Box Moat Rating None Business Risk Speculative Mkt Cap ($m)$133.00 Annual Avg T/O460.9 Previous Close$0.08 52 Wk high/low$0.64 / $0.02 ROE (--)-- Net Interest Cover21.90% Ex-Dividend24 Jun 2008 Payable29 Aug 2008 Company Beta 2.00 Sector Beta1.12 6/07(a) 6/08(a) 6/09(e) 6/10(e) NPAT 109.1 -248.0 24.7 29.7 EPS 16.0 -16.3 1.5 1.8 EPS % Chg 7.4 -201.9 -- 20.0 DPS 11.1 11.1 0.0 0.0 Franking % -- -- 0.0 0.0 Div yield% 6.3 7.9 0.0 0.0 P/E 0.5 -- 5.5 4.6
  10. Brantley

    VPG

    FYI.... VPG ANN. - Change in substantial holding ORBIS GROUP INCREASE FROM: Previous 116,433,219 7.24% Present 141,990,171 8.83% Change + 25,556,952
  11. Brantley

    VPG

    FYI... ASX ANNOUNCEMENT 1st June 2009 TAP BOARD RECEIVES NOTIFICATION OF PROPOSED BID SYDNEY: Valad Property Group (ASX:VPG) today announces that the Board of Teesland Advantage Property Income Trust (TAP), the mixed commercial UK property fund, has received notification of an unsolicited proposed bid for TAP from Conygar Investment Company on Friday 29th May. The TAP fund is a mixed commercial UK property fund established in 2005 and listed on the London Stock Exchange and Channel Islands Stock Exchange. Valad provides Fund and Asset Management services to the Company. The Independent Directors on the TAP Board are currently assessing the proposed bid and will provide a recommendation to shareholders in due course. For further information on TAP please go to www.tapincome.com"All our progress is an unfolding, like a vegetable bud. You have first an instinct, then an opinion, then a knowledge as the plant has root, bud, and fruit. Trust the instinct to the end, though you can render no reason." ~ Ralph Waldo Emerson
  12. Brantley

    VPG

    Hi All, This is a positive move in the right direction for VPG IMHO. Please see and read below. The meeting on Monday (01/06/2009) may explain the trading activity over the last few days. Please see below. Time will tell.... Cheers, Brantley http://www.architectureanddesign.com.au/ar...uay/483340.aspx Three new towers for Circular Quay 28 May 2009 | by Gemma Battenbough Sections from article: //A report to the council to be considered on Monday 1 June recommends working with owners of an entire city block to achieve good planning results rather than individual, ad-hoc building redevelopments.// //The block is currently owned by a number of different private and public organisations including Valad, Marsico Holdings, Rugby Union Club, Cambooya Properties, St George Bank, Mirvac, GE Real Estate Investment, Telstra, Energy Australia and City of Sydney. Some changes to the block have already been given the go-ahead, including the approval of a 110-metre tall commercial building at 1 Alfred St (Goldfields House) and a Mirvac 110-metre tall commercial development at 188-208 George St, 1 Underwood St and 4 Dalley St. "If council agrees to allow an increase in height restrictions, the City will continue to work with the property owners to deliver high quality development outcomes," Moore said. "Property owners may consider lodging new development applications if the planning controls are changed. We held a consultation meeting with the property owners in March this year with generally positive feedback."// ********************************************** http://www.valad.com.au/asia_pac_1.html Gold Fields House COO - Real Estate Developments: Tim Ambler Contact: +61 2 8257 6640 Email: tim.ambler@valad.com.au Gold Fields House is a landmark building within the core of Sydney CBD and tourism precinct. Owned in joint venture by: Valad's development business (21%), Stichting Pensioenfonds ABP (40%) and its Australian V-Plus Fund (39%) the Gold Fields House development will comprise up to 37,500 square metres of developable floor space. Valad has received Stage 1 Development Consent for the Gold Fields House redevelopment project at Sydney's Circular Quay. The approval from the City of Sydney Planning Committee is a milestone for Valad which will now proceed with an international architectural competition to create a world-class complex which will feature a significant residential component.http://www.valad.com.au/verve/_resources/Goldfields_-_170x170_image_1.jpg
  13. Brantley

    VPG

    FYI... Good news for Valad Cheers, Brantley http://www.architectureanddesign.com.au/ar...uay/483340.aspx Three new towers for Circular Quay 28 May 2009 | by Gemma Battenbough Print this article Comments Share this article Three new commercial and residential towers could join Sydney’s famous skyline at Circular Quay under plans being considered by the City of Sydney. The council is also considering relaxing planning controls to create taller, thinner buildings that would allow sunlight to flood into the pedestrian laneways, offer better view sharing with existing buildings and create new public space. A report to the council to be considered on Monday 1 June recommends working with owners of an entire city block to achieve good planning results rather than individual, ad-hoc building redevelopments. Under current planning controls, buildings on the block cannot be above the height of 110 metres and must have a maximum floor space ratio of 12.5:1 for commercial and 14:1 for residential developments. The proposed changes include a 200 metre (52 storey) commercial office tower on the corner of Pitt and Dalley Streets on a large floor plate, a tall, slender 185 metre (52 storey) residential tower on the corner of George and Alfred Streets, and a 155 metre (40 storey) commercial tower on the western side of the block fronting George St. The increased height creates more valuable development potential with improved views looking north over the harbour. The current central Sydney planning controls allow heights up to 235 metres in other parts of the City. While the reduced density at street level means there is more opportunity for street activation to encourage more lively public spaces. “The proposal delivers significant public benefit by freeing up space at the centre of the block for a new 1300sqm public square serviced by five adjoining laneways, Lord Mayor Clover Moore MP said. The existing laneways, which are currently disconnected and have fragmented ownership, would become publicly accessible lanes. The block is currently owned by a number of different private and public organisations including Valad, Marsico Holdings, Rugby Union Club, Cambooya Properties, St George Bank, Mirvac, GE Real Estate Investment, Telstra, Energy Australia and City of Sydney. Some changes to the block have already been given the go-ahead, including the approval of a 110-metre tall commercial building at 1 Alfred St (Goldfields House) and a Mirvac 110-metre tall commercial development at 188-208 George St, 1 Underwood St and 4 Dalley St. “If council agrees to allow an increase in height restrictions, the City will continue to work with the property owners to deliver high quality development outcomes,†Moore said. “Property owners may consider lodging new development applications if the planning controls are changed. We held a consultation meeting with the property owners in March this year with generally positive feedback.†If council supports the decision to change the planning controls for the block, the City will commence the process to amend the Sydney Local Environmental Plan which will require approval by the minister for Planning.
  14. Brantley

    AEJ

    Cheers, Brantley FYI... Section from article: Arcapita to raise $400 million, eyes deals Wed Apr 15, 2009 10:48am EDT //Arcapita wants to conclude two acquisitions in the Asian infrastructure or real estate sectors by June and is also still in the running for buying up the assets of troubled Australian power investment firm Babcock & Brown Power Ltd (BBP.AX) (BBP), he added, declining to give more details.// http://www.reuters.com/article/innovationN...E53E2CH20090415
  15. Your account has been terminated... What do you do from an anime view point. For those who have had their accounts terminated. http://www.youtube.com/watch?v=5ZQDMnbNBOA
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