Hibernia Reit says building materials squeeze could last nine months Portfolio revaluation leads to €67m markdown, dragging company to €25.2m net loss
Wed, May 26, 2021, 09:50
A squeeze on building materials that is driving up construction costs could last up to nine months, Hibernia Real Estate Investment Trust (Reit) chief executive Kevin Nowlan predicts.
A €67 million fall in the value of its properties on the back of the Covid-19 crisis left office developer Hibernia Reit with a €25.2 million loss for the 12 months ended March 31st, its last financial year.
The company earned a €61 million profit in the financial year ended March 31st, 2020. Rental income from the offices it leases to tenants and movements in those properties’ values determine Hibernia’s profits and losses.
Pictured: General view of Winchester Coroners Court A YOUNG man who was found unresponsive by a security officer at a Southampton student block died by hanging. An inquest has been opened into the death of Chenkai Wan, 21, who was reported deceased on March 28. Winchester Coroner s Court heard that security staff at Southampton Crossings, Cumberland Place entered Mr Wan s room after his friends and family became concerned. He was found unresponsive in the property on the 11th floor. A post mortem report by Dr Matthew Sommerlad states the preliminary cause of death as hanging. Area coroner Rosamund Rhodes-Kemp adjourned the full inquest to September 28, to be heard in Winchester.
Southampton City Council: We are building for the city s future dailyecho.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyecho.co.uk Daily Mail and Mail on Sunday newspapers.
One of the Public Notices relates to an application to build 63 new homes in the Hampshire countryside. A DEVELOPER has submitted plans to build 63 homes on a greenfield site in a Hampshire town. Pennyfarthing Homes is seeking consent to redevelop a 13-acre sire at Tinkers Cross, Fordingbridge, which is just outside the New Forest National Park. The scheme is outlined in a Public Notice that has been published by New Forest District Council. Here is a round-up of other Public Notices that give details of forthcoming road closures and other proposals affecting communities in the Southampton area. Temporary road closures:
Union head at Thunder Bay Correctional Centre tests positive for COVID-19
OPSEU local president says following the COVID-19 protocol doesn t ensure protection.
Feb 3, 2021 12:51 PM By: TbNewsWatch.com Staff
The Thunder Bay Correctional Centre is located on Highway 61 (TBNewswatch file)
THUNDER BAY The president of the OPSEU local at the Thunder Bay Correctional Centre is among the staff there who have recently tested positive for COVID-19.
Shawn Bradshaw is in isolation after receiving the test results last Friday. I ve been worse. I ve been better. Symptom-wise, I haven t had anything too bad yet, Bradshaw said in an interview Tuesday. It s actually gone quite slowly through the correctional officer population. That s because the COs are doing everything they can to stay safe, Bradshaw said.