Coorparoo castle-like home to be sold at auction

first_img3/32 Kirkland Ave, Coorparoo.Built in 1973, for the Mastrantonio family (owner-builder), the complex comprises of a penthouse and two two-bedroom apartments.The penthouse, for sale, has four of the six lot entitlements, the two two bedroom apartments have a one lot entitlement each.Mrs Flanagan said the property would suit someone who appreciated “something a bit different”.“It does seem to appeal to European people. Even someone whose husband goes away for work or travels a lot,” she said.“From the outside you can’t see a lot, you have to come inside and I like that about this home,” she said.“It has really been a great party house. When you have a lot of people here there’s a really great vibe.“There’s fabulous views of the city, and we’ve watched the fireworks on River Fire night from here many times.” 3/32 Kirkland Ave, Coorparoo.The three-level home, known as Castello Romano, has European influences and was designed by renowned Brisbane architect Tom McKerrell.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020 3/32 Kirkland Ave, Coorparoo.The 740sq m property is being marketed by Harcourts Solutions Spring Hill agent Gabrielle Baker. The property goes to auction on February 4 at 10.30am.center_img 3/32 Kirkland Ave, Coorparoo.A castle-like property at Coorparoo has hit the market with the owners saying they’re ready to downsize.Ron and Janis Flanagan have lived at 3/32 Kirkland Ave for 16 years and said there was plenty of space to enjoy.“We moved here when our two girls were teenagers,” Mrs Flanagan said.“We’re now ready to downsize and move to a property in the same area.”last_img read more

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​PFA hails real estate, alternatives as 2018 gains hit €1bn

first_imgPFA, Denmark’s largest commercial pension fund, has said that the large-scale real estate and alternatives investments it has added over the last two years are now starting to bear fruit.The pension fund said its total return for the first nine months of the year amounted to DKK8.3bn (€1.1bn) before tax. This was less than half the DKK18.3bn reported for the same period last year, but much higher than the DKK838m it reported for the first half of 2018.Anders Damgaard, PFA’s group chief financial officer, said: “Q3 took a positive turn and generated strong returns following a turbulent start to the year.”Real estate, alternative investments and US equities had a positive effect on the result, ensuring a return of up to 4% for customers in the first nine months of the year, he said. Anders Damgaard: ‘We are beginning to see value creation from property and alternative investments’In the first three quarters of the year, real estate produced a 6.3% return for PFA, alternatives generated 4.5%, while equities returned 4.2% and bonds made a 0.1% loss.Damgaard said that, within a very short period of time, PFA had built some strong investment funds, which allowed the firm to take part in some of the biggest deals in Denmark as well as abroad, where the institutional investor could assert itself as an active long-term owner.“At the same time, we have, in recent years, invested more markedly in the green transition by means of investments in the world’s biggest offshore wind farms,” he added.During 2017 PFA doubled its exposure to alternatives, including significant allocations to private equity and infrastructure.IPE interviewed seven Nordic pension providers, including PFA, about their investment strategies and portfolios in this month’s edition – read it here. “Now, we are really beginning to see the value creation that our many property and alternative investments give our customers,” Damgaard said.last_img read more

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