Former state minister shells out near record price for stunning Brisbane renovation

first_imgLooking across the kitchen to the open plan after all the hard work has been done.The home also has a rooftop terrace affording panoramic views through to the Brisbane City skyline. Former LNP representative, Saxon Rice, has been revealed as the multimillion-dollar buyer of Graya constructions latest project. Photo: Nathan RichterFORMER State politician, Saxon Rice, has been revealed as the latest buyer in a growing list of personalities to have purchased a Graya Constructions project.The past state member for Mount Coot-tha paid $2.22 million to snap up the stunning transformation of 8 McNab St, Paddington. The contemporary finishes were perfectly pitched for the high-end market.Ms Saxon joins a growing list of high-profile Graya clients which have included Channel 9’s Alison Ariotti, Brisbane Broncos captain Darius Boyd and wife Kayla, as well as Queensland Reds Player, Quade Cooper and his model girlfriend Laura Dundovic.Mr Graya said secret behind McNab Street’s success was simple.“It was 100 per cent about the location — Paddington is our stomping ground and I feel like we know it inside out,” he said. BEFORE: 8 McNab St, Paddington before Graya Construction got into the renovation. The view from the homes rooftop terrace.Owner of Graya Constructions, Rob Graya, said they were pleased to build a beautiful home and achieve a great outcome.“Very happy with the result. It was a very enjoyable build and it was a very nice feeling handing over the keys to a great family to enjoy the house,” Mr Graya said.Mr Graya said the architect, Joe Adsett, had created a standout home, and he would rank the project as one of his most enjoyable to date. AFTER: 8 McNab St, Paddington, QLD after its major makeover.The property had only been on the market for one day before it was put under contract by Ms Rice.The sale reflected the second highest price ever paid for a home on a 405sq m block in Paddington.More from newsParks and wildlife the new lust-haves post coronavirus23 hours agoNoosa’s best beachfront penthouse is about to hit the market23 hours agoThe once decrepit home is now a designer showpiece with five-bedroom, three-bathroom accommodation across multiple levels and is positioned just a few minutes’ walk from the Rosalie Village cafe hub.The property includes a glass-walled wine store, huge Calacatta marble kitchen bench, in-built timber cabinetry, over-size pivot glass front door and open plan living space that connects to the patio and pool area. BEFORE: Rob Graya knew the position was right for a successful project.“With Paddington’s number one street only next door it was a no brainer for us when Ben Wakely (agent) showed us the site,” he said.Follow Kieran Clair on Twitter at @kieranclairlast_img read more

Sturridge set for return

first_img Rodgers believes the England international is ready to make an immediate impact just as he did when he arrived from Chelsea in a £12million deal a year ago. And the fact he scored the winner against Sunday’s opponents Stoke on the opening day of the season only adds to the feelings of a good omen. “He has made a terrific impact since he came in here and we are working hard with him and his talent to allow that to flourish,” said Rodgers. “Over the last four to five weeks it has obviously been difficult with injuries but having these types of players back and just seeing him on the training field has been really good “To have someone of that stature and quality back in your group gives you great firepower. “Thankfully Daniel is one who, having missed almost all of pre-season (with another ankle injury suffered on international duty), came back in, trained for 10 days and started off the season outstandingly “The make-up of his body is really good and he has looked after himself and looks at a good level fitness-wise. “We don’t need to rush him but we need to make sure he is ready to make an impact in the second half of the season.” In Sturridge’s absence Luis Suarez took his own personal form up a notch by setting a Premier League record of 10 goals in December – the first time a player has hit double figures in one calendar month. It was more than enough to earn him the Barclays player of the month award and Rodgers said it was more than deserved after a difficult summer for the Uruguay international when he tried to fashion a move away. But having returned from suspension, Suarez responded by scoring 20 goals in just 15 Premier League appearances which resulted in a new and vastly-improved contract being signed a few weeks ago. Rodgers has noticed a difference in the forward and does believe Suarez has altered his perception on some things – most significantly where the fortunes of the club lie. “He is 27 later on this month and that and probably his own mindset, thinking he wants to be here, knowing he maybe had to change that little bit, is part of his growing process as a player and a person,” the manager added. “We adore his talent and his personality and his desire to be successful and for us as a football club to have a world-class striker on your books is obviously very important.” Despite having dropped from top spot on Christmas Day Rodgers believes they are on course with expectations this season. “It was obviously our aim to be challenging where we are but we want to be better than that,” he said. “At this moment in time we are reasonably satisfied with where we are at. “Our performance level has been, in the main, excellent and our confidence and belief is really high.” The return to fitness of Sturridge and Mamadou Sakho, who has recovered from a hamstring strain, has been tempered by the news Liverpool will be without Daniel Agger for the foreseeable future after he sustained an injury against Oldham last weekend. “Daniel will probably be three to four weeks as he has unfortunately picked up a calf problem,” confirmed Rodgers. Striker Daniel Sturridge is set to return from a lengthy absence to add firepower to Liverpool’s bid for Champions League football. A sprained ankle has sidelined the 24-year-old since he scored a last-minute equaliser in the Merseyside derby at Goodison Park on November 23. But the timing of his return to fitness could not be better after a couple of stuttering performances against Hull and then League One Oldham in the FA Cup. Press Associationlast_img read more

Knicks’ Dennis Smith Jr. seeing ‘big difference’ with jump shot

first_imgThe No. 9 pick in the 2017 NBA Draft sought out help from another North Carolina native in Rockets guard Chris Paul, who is a career 37% 3-point shooter. Paul only had positive things to say about Smith after working out with him in Las Vegas earlier this week.“Dennis is special, special,” Paul said. “I think being here with Fiz (Knicks head coach David Fizdale), getting an opportunity to play, getting up and down, I was happy for him when he got traded to the Knicks last year because he got that New York grind in him.“We were just talking about how as you learn the game more and more, it slows down for you. I think with Dennis, everything is confidence. Having Fiz backing him, and his teammates and all that, if he gets the city of New York behind him — you should have seen all of North Carolina behind him. He’s got it.” “It’s a big difference,” Smith told The Athletic on Thursday. “It’s a really big difference. I can feel it. Everybody can see it, from my pops and my friends. Adding that to my game and getting consistent, I think that’s going to open up the floor, not only for me but for everybody else and make my reads a lot easier. It’s major for me.”Smith shot just 31.3% from behind the arc as a rookie but improved in 2018-19. However he made just 28.9% of his 3-point attempts after being dealt to New York by the Mavericks in a midseason trade in January. Related News NBA summer league 2019: Who’s hot and who’s not Knicks free agency rumors: Marcus Morris lands with New York after originally agreeing to deal with Spurscenter_img Dennis Smith Jr. wants to be better at shooting the long ball in 2019-20.The Knicks guard is changing the mechanics of his jump shot, and he’s already seeing results. Smith is developing other parts of his game besides shooting, according to his longtime trainer Ja-Rell Bailey.“Just being able to be quicker left to right on defense,” Bailey said. “Working on the jump shot a lot, free throws a lot. Playing 94-foot offense and defense. Getting up the floor 30 times without breaking.”Smith averaged 14.7 points and 5.4 assists in 21 appearances with the Knicks, who finished last in the Eastern Conference in 2018-19. But New York still has hope for its young core, which now includes RJ Barrett, the No. 3 pick in the 2019 draft.last_img read more

Investing icon Stephen Jarislowsky calls for vote on SNCs cruel and Machiavellian

first_img Recommended For YouHome Credit files for listing on Hong Kong stock exchangeTake Five: G7 – deep in the Woods?Yellow Cake says U.S. uranium import decision to help long-term pricesJapanese women are running for parliament in record numbers, but face many obstaclesEncouraging Chinese data pulls Asian shares higher Dave Sidaway/Postmedia/File Barbara Shecter Comment April 29, 20197:00 PM EDTLast UpdatedApril 30, 201910:32 AM EDT Filed under News FP Street Twitter advertisement Facebook The case returned to public prominence in February of this year, following a report that federal justice minister and attorney general Jody Wilson-Raybould had faced political pressure to intervene after the Public Prosecution Service of Canada declined last year to invite SNC to negotiation a remediation agreement, which would have allowed the company to pay a fine and resolve the matter rather than go to trial.The remediation agreement regime is new to Canada, but a similar enforcement tool called a deferred prosecution agreement, or DPA, has been used in the United States since the early 1990s. The United Kingdom also adopted a mechanism in 2014 that allows for criminal prosecutions against companies to be deferred in certain circumstances.Jarislowsky touched on the criminal prosecution in his letter, suggesting that a deferred prosecution would have been appropriate.“Despite the passing of new legislation, common in advanced economies, that uses fines instead of criminal prosecution in order to preserve the jobs of the majority of employees, who were not involved in the criminal activities, SNC-Lavalin was ordered to face criminal charges,” he wrote.“To date, this error has not been reversed, a situation I have difficulty understanding. After all, individual people are guilty of crimes, not shareholders nor loyal employees. To fine the shareholders doubly, when they had no impact on poor decisions, makes little sense to me.”In response to a request for comment on Jarislowsky’s letter, SNC-Lavalin said Tuesday morning that capital asset sales are “very much in the ordinary course of business” and that the potential sale of the 407 stake had been publicly disclosed on Aug. 2, 2018.“SNC-Lavalin appreciates Mr. Jarislowsky’s remarks on the appropriateness of a remediation agreement in the circumstances of our company,” spokesman Nicolas Ryan added in an emailed statement. Reddit Join the conversation → Stephen Jarislowsky, a Canadian investing icon and billionaire, and former director for SNC-Lavalin, is calling on the engineering firm at the centre of a scandal in Ottawa to allow shareholders to vote on the sale of a lucrative stake in the 407 toll road.SNC, whose fortunes have been hobbled by criminal charges stemming from allegations of bribery in Libya several years ago, announced plans this month to sell a 10 per cent stake in the Ontario freeway to a Canadian pension fund for $3.25 billion. Proceeds are to be used, in part, to pay down debt and shore up the balance sheet.In an open letter posted on the website of the Foundation for the Advancement of Investor Rights (FAIR Canada), where Jarislowsky is a director, the veteran investor points out that the value of SNC’s 16.5 per cent holding in the 407 toll road’s assets represented about 80 per cent of the engineering and construction company’s market valuation at the time of the announced sale. Troubled SNC-Lavalin to net $3.25B after partial exit from 407 highway Why SNC’s 407 highway sale may do little to turn around its fortunes SNC-Lavalin says ‘good time’ to sell a slice of its Highway 407 stake “The board of SNC-Lavalin is seemingly content to deny shareholders the chance to retain a top-quality investment,” wrote Jarislowsky, who was a director of SNC and its predecessor companies from 1975 until 1996.“Instead, with this 407 sale, shareholders are forced by its own board to gamble on rescuing a now near-worthless asset, a deal that strikes me as cruel and Machiavellian,” wrote the 93-year old.Jarislowsky, who founded Montreal-based investment manager Jarislowsky Fraser Ltd., which had $40 billion in assets under management when it was sold to Bank of Nova Scotia last year, called on the business community and securities commission to “stand up against this possible betrayal of the rights of shareholders.”In the letter, he said the toll road’s income-generating capacity and growth potential stands in contrast to SNC’s engineering business, which is dealing with challenges beyond the corruption charges the firm is facing.“Why would one not remain invested in such a superb asset after having suffered in the market as a result of the dishonesty and its aftermath?” Jarislowsky wrote.“I doubt that the engineering company can be rebuilt, since it has lost its best people and faces a long criminal trial which may go on for years.”Jarislowsky Fraser was among SNC’s largest shareholders and most vocal critics in 2012 and 2013 when the bribery allegations shook the company. The RCMP charged SNC with corruption and fraud in 2015, charges the company continues to fight.Investment guru Stephen Jarislowsky describes the decision to sell SNC-Lavalin’s stake in Highway 407 as “cruel and Machiavellian.”center_img ← Previous Next → What you need to know about passing the family cottage to the next generation Share this storyInvesting icon Stephen Jarislowsky calls for vote on SNC’s ‘cruel and Machiavellian’ Highway 407 sale Tumblr Pinterest Google+ LinkedIn 2 Comments Investing icon Stephen Jarislowsky calls for vote on SNC’s ‘cruel and Machiavellian’ Highway 407 sale Canadian investing veteran says SNC should keep 407 because he doubts engineering business can be rebuilt Featured Stories SNC-Lavalin recently announced plans to sell a 10 per cent stake in privately-owned Highway 407 to the Ontario Municipal Employees Retirement System for $3.25 billion.Veronica Henri/Postmedia/File Email More Sponsored By: last_img read more