Mechanical Lloyd Company Limited (MLC.gh) listed on the Ghana Stock Exchange under the Engineering sector has released it’s 2008 annual report.For more information about Mechanical Lloyd Company Limited (MLC.gh) reports, abridged reports, interim earnings results and earnings presentations, visit the Mechanical Lloyd Company Limited (MLC.gh) company page on AfricanFinancials.Document: Mechanical Lloyd Company Limited (MLC.gh) 2008 annual report.Company ProfileMechanical Lloyd Company Limited markets and distributes motor vehicles and farm machinery in Ghana. The company has the exclusive agency for BMW (cars and motorbikes), Ford and Land Rover as well as Massey Ferguson agricultural machinery and Lucas products. Mechanical Lloyd company also sells motor spares and parts and has a services department for repair and maintenance of motor vehicles and farm machinery. The company was formerly known as Technical Lloyd and changed its name to Mechanical Lloyd Company Limited in 1970. The company’s head office is in Accra, Ghana. Mechanical Lloyd Company Limited is listed on the Ghana Stock Exchange
Loose ball: Tony Stanger and Jerry Guscott scrap for possession during the 1990 Grand Slam match (Getty) LATEST RUGBY WORLD MAGAZINE SUBSCRIPTION DEALS At the age of 41, it’s taken a while for Tom English, our Irish correspondent, to finally write his first book. Let’s hope there are more to come, for this emotive story about the Scotland-England Grand Slam shoot-out of 1990 is shudderingly good, writes Rugby World deputy editor Alan Pearey. English sought the help of Will Carling and Brian Moore before agreeing to the project, and the two men – the focal point of some unprecedented racism – are among those offering compelling insights into events surrounding a game that was played against the backdrop of political antipathy for Maggie Thatcher and her poll tax.English has a rare talent for getting to the core of a person. Carling’s well-masked insecurities stem from the isolation he felt after being sent to boarding school aged seven.While Jim Telfer, whose parents worked as a servant and shepherd for a duke, carries with him a resentment of privilege that seemed especially acute each time he took the tremulous Scottish pack for training (Derek White was treated mercilessly).The bare bones of the actual match, won 13-7 by Scotland, are known to all, but here we get inside players’ heads at the critical moments, including Tony Stanger’s dubious try and the absence of a penalty try for England after repeated scrum collapses on the home line.If that sounds like rough justice, nobody in Carling’s side was kidding themselves. “I thought I was the dog’s b******s before that game,” says Mick Skinner. “I learned a bit of humility, became a better person. I questioned myself from that day on.”Fortunately, the nastiness receded. Last year Finlay Calder even called for Flower of Scotland, the Bannockburn war cry first sung in 1990, to be ditched because the anti-English stuff was “embarrassing”. RW RATING 5/5BUY IT AT: rbooks.co.uk RRP: £12.99 PUBLISHED BY: Yellow Jersey PressGot a rugby book or DVD you’d like us to review in the Armchair Zone? Email [email protected] article appeared in the April 2010 issue of Rugby World MagazineDo you want to buy the issue of Rugby World in which this article appeared? Back Issues Contact John Denton Services at 01733-385-170 visit http://mags-uk.com/ipc Or perhaps you’d like a digital version of the magazine delivered direct to your PC, MAC or Ipad? If so click here.
These include counselling services for NHS staff, helplines and intensive psychological support for post-traumatic stress disorder, through its 241 NHS member charities covering the entire UK. Funding has also supported staff with practical needs like food, drink and a place to rest, enabling staff to continue with their vital life-saving work. Howard Lake | 21 April 2021 | News “The public showed overwhelming support for NHS staff over the last year, and we need to continue to be there for them, now and in the longer term as the NHS recovers from the most challenging time in its history. Just over half the NHS staff surveyed reported that their mental health had declined since the start of the pandemic. Of these 67% reported anxiety and 35% depression. dealing with the continuing impact of Covid-19tackling the backlog of other patients who desperately need treatmentand making sure their own mental health is not a casualty of the crisis. Photo: NHS Charities Together NHS Charities Together has launched a fundraising appeal to help ensure support for NHS staff as the pandemic stretches into a second year. not being able to see friends and family (61%)not being able to make plans for the future (31%)concern about passing on Covid-19 to someone close to them (31%)worrying about their increased risks of catching and being seriously affected by Covid-19 (24%)and seeing the impact of Covid-19 on patients and their families (23%). Mental health difficulties for NHS staff 812 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2 Thirteen months after the first national Covid-19 lockdown NHS Charities Together has published research that confirms that the public is still grateful for the work of NHS staff during the crisis. 86% of the general public agree NHS staff have been ‘there for us’ during the pandemic66% say the hard work of NHS staff during the pandemic makes them proud to be British. NHS healthcare workers remain the most respected of any profession among the general public surveyed (63%). Tagged with: COVID-19 mental health AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis2 About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. They said that the greatest impact on their mental health and been due to: “The NHS is doing all it can to support staff in this area, but the scale of the challenge is so huge. They need all of our support. It makes a huge difference for them knowing the public has got their back.” Speaking about the research and the appeal, Ellie Orton, CEO of NHS Charities Together said: The charity will use the funds raised through the appeal to ramp up the mental health and wellbeing programmes and facilities available for staff across the UK. Following the generous support from the public last year NHS Charities Together has so far allocated £125 million in a range of projects supporting staff, patients and volunteers. After a year of unrelenting demand NHS staff face the triple challenge of The YouGov survey of NHS workers and the general public reports that: Charity campaign for NHS staff asks public to ‘be there for them’ The charity is an umbrella organisation made up of 241 NHS member charities based within hospitals, mental health trusts, ambulance trusts, community health trusts and health boards across the UK. Advertisement The focus for the Be There for Them appeal is on raising funds to put longer term mental health support in place for NHS staff as they continue to tackle the challenge of dealing with Covid-19 while addressing all the other health needs of the communities they serve.
News Receive email alerts News Journalists face archaic sanction of capital punishment in some parts of the world March 12, 2010 – Updated on January 20, 2016 North Korea News RSF_en North KoreaAsia – Pacific to go further Domain name : .kp Population : 22 665 345 Internet-users : non-available data Average charge for one hour’s connection at a cybercafé : around 8,19 US$ Average monthly salary : around 17,74 US$ Number of imprisoned netizens : 0In the world’s most hermetic country, the large majority of the population is not even aware that the Internet exists. An extremely limited Intranet has been created, but few can access it. The network is used by Kim Jong-il and a few senior officials for their personal enjoyment and to help spread the regime’s propaganda to foreign countries. The only glimmer of hope: the communications black market on the North Korean-Chinese border.Internet: Nothing but a vague rumorNorth Korea is literally cut off from the rest of the world, and the Internet is no exception. The international network is accessible only by a small minority: a few high-ranking members of the regime and foreign diplomats, via a satellite link with servers based abroad. Kim Jong-il is known for his obsession with electronic gadgets, and for having asked former U.S. Secretary of State Madeleine Albright for her email address so that he could write to her. However, he is keeping the rest of the population totally secluded from the Web. In a country whose inhabitants’ main concern is survival, the Internet’s existence is little more than a rumor.A very limited Intranet has developed, consisting of an email inbox, a few news sites relaying regime propaganda, and a browser providing access to the databank Web pages of the country’s three biggest libraries: the Grand People’s Study House and those of the Kim Il-Sung and Kim Chaek Universities. This Intranet is accessible only by academics, businessmen and high-ranking civil servants who have received special clearance.The very rare cybercafés that have opened in the capital are under the strict control of the Korean Computer Center, the country’s sole access provider. Although they make it possible to connect to the North Korean Internet, their customers consider them first and foremost as points of access to computers and games.The Internet Corporation for Assigned Names and Numbers (ICANN) has finally assigned North Korea the “.kp” domain name and appointed the President of the Chosun Computer Center’s European Section, a German, as Administrator. The country is said to have thirty IP addresses that it is not using at the moment. The official state website, www.korea-dpr.com, is supposedly hosted in the United States, and that of the Chosun Central News Agency in Japan.Online propagandaNorth Korea’s very minimal presence on the Web is totally devoted to singing the praises of Kim Jong-il and of his father, Kim Il-sung, as well as the self-reliance ideology – “Juche Idea” – extolled by the regime. A few dozen websites relay these official positions…and are blocked in South Korea. The official Chosun News Agency website, for example, disseminates only “positive” news about the country, whether Kim Jong II’s visits to his compatriots or news about the extremely rare groups abroad that still support the country. Any negative news is intentionally omitted.North Korea is also suspected of having mounted a DdoS-type cyberattack against some thirty American and South Korean business and government websites in the summer of 2009.Vague hints of a conciliatory attitude?Since the beginning of 2008, a new cell phone service has been installed by the Egyptian company Orascom, but it is very limited, servicing mainly Pyongyang and a few large southern cities. It is too expensive for most of the population and does not allow international calls. The state security police track any people who might be tempted to use telecommunications to circumvent censorship. One man was executed in 2007 for making an unauthorized phone call to a foreign country. North Korea is probably the only country in the world in which the telephone book is classified as “top secret.”Accustomed to maintaining complex relations with the global community, the regime is vacillating between provocation and dialogue. When it makes a seemingly conciliatory gesture and allows foreigners to enter its territory, it grants them access to the World Wide Web. For example, when the New York Philharmonic Orchestra visited the country in 2008, the musicians and journalists who accompanied them had access, in their hotel, to a high-speed World Wide Web connection. Some tourist sites also reportedly benefit from Internet access at certain times.The limited news that enters the country comes through its border with China, thanks to individuals who commute between the two countries, and the CDs and DVDs that are illegally brought in. The black market is thriving. Telephones from China allow users to make calls by picking up a signal at the border. The recent introduction of 3G telephones in China may also allow better access to the Internet in these border regions. Other alternative news sources include the DailyNK website, managed by North Korean refugees based in South Korea. Independent radio stations that transmit from South Korea to North Korea – Free North Korea Radio, Radio Free Chosun, Open Radio for North Korea and North Korea Reform Radio – gather their news by calling upon “stringers” based on the Chinese border.The regime’s revengeNonetheless, in February 2010, North Korean authorities announced that they would intensify the crackdown on “defectors,” and by the same token deploy stricter control on the means of communication at the border, notably targeting the Chinese cell phones used in North Korea. The regime boasted that it has the means to “crush reactionary forces” and that it has already provided an example by executing a worker accused of having used an “illegal” Chinese cell phone. According to Open Radio for North Korea, he allegedly divulged information about the price of rice and his lifestyle to a “defector” friend living in South Korea. Radio Free Asia has specified that the government has acquired equipment that can block cell phone signals and intensified the tracking and jamming of such signals. Allegedly, the equipment concerned will be installed at the country’s Chinese border, in cities such as Shinuiju, Hyesan and Hweryong.Although the “Beloved Leader” is sick, very little news has leaked about his potential successor – his youngest son – other than the fact that he studied in Switzerland. His views on information control are therefore completely unknown.One thing is clear: the incumbent regime has no intention of allowing its population – steeped in an omnipresent propaganda – to learn more about the outside world. The information disseminated on the Internet, as well as news broadcast on international radio stations, could convince more North Koreans to flee the country.Links: http://www.dailynk.com/english/: independent North Korean daily published by former North Korean journalists http://www.uriminzokkiri.com/: Uriminzokkiri, website dedicated to Kim Jong-il, created by the government (English version: http://www.uriminzokkiri.com/Newspaper/English/main.php) http://www.kcna.co.jp/ : KCNA, the official news agency http://nkay.blogsome.com: collaborative blog on human rights http://www.linkglobal.org/: Liberty in North Korea, human rights organisation (English) Campaigns As doubt persists on North Korea’s “zero” coronavirus cases, RSF urges for transparency “Without independent journalism, this would be the news” – RSF’s new ad July 6, 2020 Find out more Follow the news on North Korea Help by sharing this information April 1, 2020 Find out more North KoreaAsia – Pacific Organisation November 18, 2019 Find out more
WhatsApp Email Advertisement Linkedin The scene in Limerick where Patrick Coleman was found murdered in 2007 – his employers are to pay his family the pension benefits he was entitled to a court has been toldby Andrew [email protected] up for the weekly Limerick Post newsletter Sign Up THE family of a Limerick murder victim could be waiting for more than 12 years to have his death benefit paid in full because his employers failed to pass his contributions on to the pensions board.Patrick ‘Happy’ Coleman (33) was murdered by a 15-year-old boy as he walked to his home in Carew Park after watching the Limerick and Kilkenny All Ireland hurling final in September 2007.He had kicked over a bottle of beer on the path before the teenager followed him and stuck the broken bottle into Mr Coleman’s neck.He died from blood loss some hours later.Mr Coleman had been working for a scaffolding company run by Gerry and Raymond Neilon. In 2007, the company accountant stopped sending the €20 per week deduction from employee wages to the Pensions Board to cover the benefits scheme.Mr Coleman had been paying into that scheme during his time working for the Neilons but as the payments had not been forward for some six months before his death, the insurer deemed that his policy was not active and refused to pay the €76,100 his family was entitled to.A solicitor for the family initiated contact with the Pensions Board and this resulted in Gerry and Raymond Neilon being prosecuted for failing to make remittancers to the fund within 21 days of deduction.At Limerick Circuit Court this week, solicitor for the Pensions Board, Tom Kiely said that both men, who were directors of the company, pleaded guilty to the prosecution initiated at the District Court.Gerry Neilon with an address at Newtown, Pallasgreen was given a six month jail sentence and a €1,000 fine and a bench warrant was issued for the arrest of his brother.The severity of both convictions were appealed at the Circuit Court.Defence solicitor John Devane, said that the two directors had initiated legal proceedings at the High Court where they were suing the company’s former account for breach of duty, but that they had agreed to enter into a €250 monthly payment schedule last July.Adjourning the case for six months, Judge Tom O’Donnell asked that the Pensions Board be kept informed of the High Court proceedings and that they be notified if the payments could increase in value at any time.He also granted liberty for the Pensions Board to mention the case at any time should the payments stop. Previous articleThe Alvin Purple Experience brings Christmas Glam Rock hits and U2Next articleCreche denies accident but compensates child Staff Reporterhttp://www.limerickpost.ie Twitter Facebook Print NewsBreaking newsEmployers to pay pension to murdered man’s familyBy Staff Reporter – December 17, 2014 1195
Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Obama and Warren Reflect On Wall Street Reform’s Progress July 25, 2016 3,206 Views Previous: Government Passes the Baton to Servicers Next: Four Ways to Improve the Housing Market in Daily Dose, Featured, Government, News Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Share Save Print This Post About Author: Brian Honea Home / Daily Dose / Obama and Warren Reflect On Wall Street Reform’s Progress Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: Barack Obama Elizabeth Warren Wall Street Reform Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Barack Obama Elizabeth Warren Wall Street Reform 2016-07-25 Kendall Baer Related Articles Servicers Navigate the Post-Pandemic World 2 days ago Sen. Elizabeth Warren, who rose to prominence in the years immediately after post-crisis as the architect of the Consumer Financial Protection Bureau (CFPB), did not make the cut as Hillary Clinton’s VP.Warren did, however, meet with President Barack Obama on Saturday to assess the progress of post-crisis Wall Street reform regulation—in particular, the CFPB—in the White House. July 21 marked anniversaries for both the Dodd-Frank Act (six years) and the CFPB (five years).“The financial crisis wasn’t an unstoppable act of nature,” Warren said. “The whole thing could have been avoided. But we didn’t have rules in place to stop Wall Street from taking enormous risks that threatened the whole economy.”President Obama added, “Part of passing these strong consumer protections meant passing the first-ever Consumer Financial Protection Bureau, based on an idea that Senator Warren came up with before the crisis even began…Before the Consumer Financial Protection Bureau, you didn’t have a strong ally to turn to if your bank took advantage of you, or if you were being harassed or charged inappropriate fees. Now you do.”The CFPB launched on July 21, 2011, exactly one year after Obama signed Dodd-Frank into law, as the only government agency whose sole purpose is to protect consumers from predatory practices in financial markets. Warren points to the $11.7 billion in consumer relief handed out to about 27 million families as proof that the CFPB is working for Americans five years into its existence.The Bureau has not been without its critics in its first five years, however. Republicans have made repeated efforts through legislation to roll back or repeal certain portions of Dodd-Frank; the Republican presidential nominee, Donald Trump, said he wants to eliminate Dodd-Frank altogether.[youtube http://www.youtube.com/watch?v=A5DSQDehhZw]House Financial Services Committee Chairman Jeb Hensarling (R-Texas) has been one of the most vocal critics of Dodd-Frank, and of the CFPB. In June, Hensarling unveiled the Financial CHOICE Act(Creating Hope and Opportunity for Investors, Consumers, and Entrepreneurs) as an alternative to Dodd-Frank that calls for stronger capitalization rules for banks and at the same time offers regulatory relief for the smaller financial institutions they believe have been adversely affected by Dodd-Frank.The Financial CHOICE Act also calls for the CFPB to be placed under the Congressional appropriations process and for the Bureau’s director, Richard Cordray, to be replaced with a bipartisan five-member commission.“The CFPB has an important mission,” Hensarling told DS News in June. “Properly designed and led, it is capable of great good.” At the same time, Hensarling noted that “the CFPB has grown into an unaccountable federal leviathan of more than 1,500 employees with over a half billion dollar budget and the unrestrained power to dictate which Americans can receive credit and which Americans cannot.” He also said the CFPB “by design is not accountable to either Congress or the taxpayers. This defective structure allows the Bureau to evade the checks and balances that apply to virtually every independent regulatory agency, including those responsible for consumer and investor protection.”In response to the claims made by Republicans who say the economy is weaker, Obama said on Saturday, “Our economy is stronger today than it was before the crisis. Since we dug out from the worst of it, our businesses have added almost 15 million new jobs. Corporate profits are up, lending to businesses is up, and the stock market has hit an all-time high. So the idea that this was bad for business just doesn’t hold water.”Obama continued, “Whether you’re a Democrat, a Republican, or an Independent, if you’re a hard-working American who plays by the rules, you should expect Wall Street to play by the rules, too, and that’s what we’re fighting for.” Subscribe
News Updates’Even Police Personnel Outside Their Police Stations Are Not Wearing Masks’: Allahabad HC Expresses Displeasure At Shoddy Implementation Of Its Orders [Read Order] Akshita Saxena28 Sep 2020 9:48 AMShare This – xThe Allahabad High Court on Monday expressed displeasure at the fact that not only the police authorities had failed to effectively enforce social distancing and wearing of masks, but they themselves are seen roaming about, without masks. “In our country, to begin with, we very successfully locked down the country for good three months. While the lockdown was imposed, we found that…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginThe Allahabad High Court on Monday expressed displeasure at the fact that not only the police authorities had failed to effectively enforce social distancing and wearing of masks, but they themselves are seen roaming about, without masks. “In our country, to begin with, we very successfully locked down the country for good three months. While the lockdown was imposed, we found that police was really effective. Today, when social distancing and wearing of masks has to be done in letter and spirit we find that strict enforcement is missing. Quite often, it has been found that even police personnel outside their police stations are not wearing masks,” the Bench of Justices Siddhartha Varma and Ajit Kumar observed. The remarks were made while hearing the suo moto PIL registered by the High Court to address Covid-19 related issues. On the last hearing, the High Court had ordered that “no person should be seen outside his/ her house without a mask on his/her face and he or she should check that the mask covers both the nose and the mouth.” “No Person Should be Seen Outside his/ her House Without Mask on Face”: Orders Allahabad HC Saying ‘If Action Not Taken Today, We Won’t Be Able To Face Our Progenies’ However, today it observed that the Police personnel themselves were not complying with its directions. “It is possible that the Task Forces, which have been constituted by the Senior Superintendent of Police and the Superintendent of Police in various districts, might be enforcing social distancing and they might be asking people to wear masks but the usual civil police have not reacted in the manner they ought to have,” the Court said. In this backdrop, a number of suggestions were put forth before the Bench, by the appearing Advocates. The Court has asked the Govt counsel to consider the same by the next date of hearing. The suggestions are listed as below: All police personnel and all Government employees should compulsorily wear masks.Head of every institution in the State of U.P. should in the morning hours everyday try to sensitize as many people as possible in their departments for wearing of masks and for maintaining of social distancing.Every citizen should be given the liberty to ring up at the toll free numbers to inform persons responsible if they see anyone not wearing masks or not maintaining social distancing.Police in every district should take rounds without any interval on foot, mount, motorcycles, Jeeps or by any other mode and they should, thus, keep a round the clock vigil just as they used to do when the lockdown was imposedGovernment should stop people from eating on roadside eateries, restaurants, chat-thelas and laithelas. People may be allowed to get their food packed and they take those packets to their homes and have them there but they cannot, without their masks, be allowed to have food, pan or tea in the open. Consumption of alcohol, just like hookas, be prohibited outside the Model Wine Shops. Lastly, the Court has asked the Govt counsel to apprise it as to how clinical trials for Covid vaccine are being proceeded with and as to by when ICMR or the concerned Authorities propose to finally complete the same. The matter is now listed for hearing on Wednesday, September 30, 2020. Case Title: In-Re Inhuman Condition At Quarantine Centres & For Providing Better Treatment To Corona Positive Click Here To Download Order Read Order Next Story
Homepage BannerNews Twitter WhatsApp Facebook News, Sport and Obituaries on Monday May 24th Arranmore progress and potential flagged as population grows Pinterest Important message for people attending LUH’s INR clinic Harps come back to win in Waterford Facebook Journey home will be easier – Paul Hegarty Pinterest Bursary award available for Donegal film makers Donegal Film Office has secured funding from Creative Ireland to launch the first Short Film Bursary Award in Donegal.The Donegal Film Office Short Film Bursary is a creative response to showcase the talent in Donegal.A grant of €10,000 will be awarded to a filmmaker towards the cost of the production of a short 10-12 minute drama or documentary film to be shot in Donegal in 2021.The Bursary aims to foster talent, creativity and activity in filmmaking in County Donegal. Applications are being called from film makers who have a script that has been developed, seen by a Director and has had input from a Producer. We are looking for original, entertaining stories by talented filmmakers who, if selected, must set and shoot their project in County Donegal.Aideen Doherty Donegal Film Office added,“Working with The National Creative Ireland Programme 2017-2022 to provide this opportunity for filmmakers in Donegal is a priority for the film office. Donegal has lots to offer the industry by way of talent, landscapes and services and we look forward to showcasing the end product”.Details of the Bursary and Application Form are available on Donegal Film Office website – www.donegalfilmoffice.ie and by contacting the Donegal Film office [email protected] .The closing date for receipt of applications is set at 12 noon on Friday 14th May 2021. Google+ Previous articleWDC launches online jobs portalNext article82 people rescued by RNLI in Donegal in 2020 News Highland DL Debate – 24/05/21 WhatsApp RELATED ARTICLESMORE FROM AUTHOR By News Highland – April 27, 2021 Twitter Google+
Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Email Address* Share via Shortlink homebuildersHousing MarketlennarrentalsSingle Family Rentals Lennar CEO Rick Beckwitt and a selection of the company’s homes (Lennar)One of the country’s largest homebuilders is making a giant bet on the single-family rental market.Lennar is launching a $4 billion platform that will buy single-family homes and townhomes to turn into rentals. Called Upward America Venture, it will target “high-growth markets,” the company announced.Miami-based Lennar said the venture will initially be capitalized with a $1.25 billion equity commitment led by Centerbridge Partners and Allianz Real Estate.CEO Rick Beckwitt said a portion of the properties will have a rent-to-own option, which gives tenants the opportunity to buy without having to fork over a substantial down payment.The pandemic has led to surge in interest in single-family home rentals. Some city dwellers, unable to buy but searching for more space than an apartment can offer, have moved into rental homes in the suburbs.Large investors and developers have also seized on the moment.Over the last year, more than 50,000 rental homes were built, roughly two-thirds more than the average over the past four decades.California State Teachers’ Retirement System and Pacific Coast Capital Partners recently formed a $1 billion joint venture to invest in the build-to-rent sector. And earlier this month, Quinn Residences said it would build thousands of rental homes in the Southeast after securing a $500 million commitment from an unnamed sovereign wealth fund.Contact Keith Larsen Full Name* Tags Message*