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When a house that normally rents for £500 a week can find a tenant willing to pay £16,000 for a nine day let, it is a sure sign that there is big money in town. The town is Cowes, in the Isle of Wight, and the money arrives with the annual Cowes Week sailing extravaganza.…
After a first quarter filled with integration and restructuring charges, Enbridge‘s (NYSE: ENB) second-quarter earnings were surprisingly devoid of these expenses. This should have given us a clearer picture of the earnings power that Enbridge has now that it has completed the merger with Spectra Energy. That wasn’t necessarily the case, though, as the company…
KordaMentha is not a name usually associated with property development, but the insolvency specialists’ real estate arm has just completed an apartment project in Melbourne’s hip inner-city Northcote. The $16 million, four-storey building, Libertine Apartments, has 34 one and two-bedroom apartments and is the third development entirely overseen by subsidiary KM Develop. KordaMentha’s Libertine Apartment development…
GERMANY: Partly crowd-funded open access operator Locomore announced on August 2 that insolvency proceedings had opened the previous day. The company said it was still trying to find a positive solution to its problems, but train services would remain suspended until further notice. Locomore launched a daily return service between Berlin and Stuttgart in December 2016…