Belmont-based GenusPlus Group has launched a $32.8 million initial public offering, with the power and telecommunications contractor planning an ASX listing in December.
KYOGLE Council staff will break a funding application for Clarence Way into three sections, in the hope this may make it easier to secure urgent repairs on at least part of the road.
Mayor Danielle Mulholland said the council had submitted a $33 million application for much-needed works between the Bruxner Highway and Urbenville.
The federal government has committed $2 million for the section between Urbenville and Woodenbong and the council was throwing in $3 million, she said.
Cr Mulholland recently posted impassioned thoughts on social media, frustrated the regions were left behind while the state government will spend $3 billion on a Sydney tunnel.
She told The Northern Star the Clarence Way was in dire need of attention.
“What I’ve asked the staff to do to is break (the application) down into three component parts.
“That particular road is classified as a regional road,” she said.
“It’s very hard to find funding opportunities under which we can apply for a grant for that particular road.
Cr Mulholland said she’d been lobbying for the road to be fixed for the past eight years, and the council was calling for help before that.
“I’m just out of patience,” she said.
“It breaks my heart because we have an ageing population in those villages with all the associated medical issues that come with getting older.”
Those residents have to travel on a “horrendous” road to access medical care, she said.
She said the council had also received funding for the southern part of Clarence Way, in Tabulam and that section is sealed and “good to go”.
But the stretch that passed through Bonalbo and Old Bonalbo, toward Urbenville, is in poor condition.
“It’s a shocker, it really is.
“I think the community and council are working well together; the community has started writing letters to the Minister and I think that’s very valuable in terms of letting the Minister know why this road is a particular concern.
“I’m hoping that’s going to get the message across.”
Like the mayor, Janelle Saffin said she has been frequently sent photos of potholes riddling the road.
“I want all the money upfront,” Ms Saffin said.
“We deserve it, given all the money spent in Sydney.”
A fully refurbished office/warehouse in the heart of industrial Moorabbin has sold for $1.49 million. Nichols Crowder’s James Glen negotiated the deal for the 700 sq m property at 8 Wren Road to an online fashion group looking for a new office space with a classic brick warehouse.
Not-for-profit group Brunswick Industries Association has sold 3-7 Syme Street for $3.9 million. The group, which provides meaningful employment for people living with a disability, offered the 1996 sq m site through Gross Waddell’s Andrew Greenway and Andrew Waddell who negotiated a deal with a local investment fund.
Launched to market on the eve of the stage four lockdown, a local developer has picked up a development site at 730B Centre Road for $950,000. The 581 sq m site attracted multiple offers, said Nichols Crowder’s Darryl Lever.
Unit 2 at 12 Dairy Drive sold on a 4.3 per cent yield, CVA’s Leo Mancino said. The warehouse fetched $840,000 for the vendors who were moving overseas.
A cafe at 443 Upper Heidelberg Road on the ground floor of Caydon’s apartment development has sold for $770,000 on a yield of 5.8 per cent. The 186 sq m space sold off market through CBRE’s Rorey James and Nic Hage.
Shipping company Speedmark Australia has leased a self-contained whole floor office on level 2 at 293 Park Street for its new Melbourne headquarters. Fitzroys’ Stephen Land negotiated the lease in conjunction with Dixon Kestles’ Simon Regan. The 356 sq m office includes four parking spaces and was leased for four years at $75,000 per annum plus GST.
Multinational group Clutch Industry has signed a lease over an office/warehouse at 134 and 136-138 Gaffney Street. In a light industrial zone, the warehouse leased for 5 years at $120,000 a year through NSL Property Group’s Guy Naselli and CBRE’s Jake George.
After buying 120 Cotham Road with vacant possession earlier this year, the owner has leased the 75 sq m shop to a compounding chemist for five years at starting rent of $31,000 net per annum. The new chemist will work with the next door pharmacy, GormanKelly’s Aldo Galante said.
Blue Hippo Laundry will move into shop 8 at 167-179 Shaws Road in the Werribee Village Shopping Centre. CVA’s Leo Mancino said the new tenant will pay $40,000 per annum, a building rate of $357.14 per sq m, on a 10-year initial term.
Taking advantage of A-grade vacancy in Melbourne’s west at a record low of 2.1 per cent, Colliers Internationals Hugh Gilbert and Nick Saunders brokered a 7-year lease with Mahony’s Transport to take over 115-117 William Angliss Drive. Mahony’s will pay net rent of $80 per sq m for the 15,000 sq m facility.
A two level office/warehouse – Unit 37 at 640-680 Geelong Road – has been leased to a data communications firm on a 5-year term at $50,000 per annum, CVA’s Leo Mancino and Matthew Alderman said.
A standalone office/warehouse on a 3900 sq m block at 96 Station Street has leased for $275,000 per annum plus GST through Sutherland Farrelly’s Paul Sutherland and Paul Farrelly. Colliers’ Richard Wilkinson and Danny Green acted for the tenant.
Linen store Polite Society has leased Shop 1 at 454 Toorak road in the centre of Toorak Village. The property took just one month to lease and achieved a sq m rate above $650, Morley Commercial’s Tom Larwill said.
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Simon Johanson is a business journalist at The Age and The Sydney Morning Herald.
A Brisbane accountant has been charged with multiple money laundering offences over her alleged involvement in a “relentless” email scam worth more than $3 million.
The 65-year-old Carina woman has been accused of being a “money mule” for hackers who had fraudulently gained access to the email accounts of businesses.
Police have alleged hackers sent fake or falsified invoices to businesses who then sent cash to the woman.
It’s alleged the woman’s job was to funnel the money that was paid to her by the businesses and send it overseas.
A joint investigation between Queensland police and the Australian Federal Police uncovered at least seven victims had unwittingly transferred $3.3 million to more than 50 accounts linked to the woman over the last 12 months.
Detective Inspector Vince Byrnes said the woman’s alleged role was “vital” to helping the hackers.
“The alleged offending in this case is very concerning, it’s relentless in nature and has a very poor effect on our community and our economy,” he said.
Email compromise team investigator Detective Senior Constable Adrian Holt said one victim alone had been scammed more than $1 million.
“They range from large-scale business that pay bills to that value right down to small business, aged care, self-funded superannuation funds,” he said.
The woman was arrested yesterday after her home was raided by the state’s Financial and Cyber Crime Group.
Detectives seized computers and phones and she was charged with several offences involving dealing in the proceeds of crime.
She is expected to appear in the Brisbane Magistrates Court on October 16.
Detective Inspector Byrnes said it was important for the community to be aware of scams and for people to safeguard their email accounts.
“Businesses of any size can be targeted so it’s important to regularly review processes,” he said.
“To reduce victimisation in our community, examine those invoices, check the bank account details … verify independently with that vendor.
“It’s important we protect our community by being vigilant ourselves.”