Morgan Stanley Fund Plans Melbourne Office Investments

A furnished conference room

Morgan Stanley Real Estate Investing’s Singapore-managed fund increased its exposure in Australia by acquiring its second office property investment.

Prime Property Fund Asia expanded its office property investments in Melbourne, following a $140 million stake purchase in a 664 Collins Street building. The acquisition indicated the real estate fund’s plans to build a commercial portfolio in major cities in the Asia-Pacific region.

Building Specs

The fund’s acquisition of a 50% stake in the office building comprises half of the nine-floor property, which will be completed in 2018. It comprises 26,000 square metres of space at a Docklands site, which is an extension of the city’s central business district.

In terms of office design, Melbourne buildings follow certain height restrictions as evidenced by the 664 Collins Street property’s number of storeys. Still, these commercial structures prove to be attractive to investors.

Prime Property Fund Asia acquired the half stake on a yield of 5%, as home prices in Melbourne and other cities are on a mixed growth trend.

Falling Prices

CoreLogic data showed that residential property prices in Melbourne slightly rebounded in the last week of May with a 0.3% increase. Prices in Sydney remained flat, while Perth home values rose 0.8%.

For the month of May, home prices dropped partly due to the government’s tougher controls on lending, as they feared a housing bubble might take place. An increase in interest rates for bank loans, particularly for interest-only borrowings, also contributed to the decline in home prices.

Despite concerns about a real estate bubble, CoreLogic Head of Research Cameron Kusher said that the market has not yet reached its peak.

Office properties remain among the best lucrative investments options in Melbourne. As home prices continue to have a mixed growth trend in the city, the commercial real estate market may be a better alternative.

Employee Security: Hiring the Right Person for the Job

A person doing a background check on an application When you set up a business and company, you want to make sure it’s secure from forces that can ruin it. Hiring the best and most trusted people is important.

In the past, employees land a job just because of good scholastic records and a typo-free resume. Today, they need to undergo rigorous screening with many personality tests. Employers have become extra careful in hiring employees because they want to make their company secure. Here are ways to protect a company from fraudulent employees.

Background Check

To make sure your company is safe from potential applicants, you can use the QLD police check online. This tracks police records of individuals who try to apply in your company. After all, It’s better to be safe than sorry.

Extensive background checks are important for the company to be free from people who can ruin its reputation.

Personality Test

This has become a trend in the application process. Employers are keener in making sure they hire the right person for the job. They run various personality tests to ensure that they hire someone with the potentials they are looking for.

Interview

This is where you get to know your applicant more. You can ask questions to verify things you want to clarify. You can ask about his or her personal life, education and preferences. You can also ask what he or she can contribute to the company.

You can also observe his or her attitude when answering your questions. There are applicants who become restless or irritable when you ask many questions – this is where you can measure their patience.

Choosing the right person for the job is important. Apart from keeping protecting your business from people that can tarnish its reputation, you’re also hiring someone who’s perfect for the job.

3 Key Factors to Consider When Ensuring the Success of Your Event

People raising their champagne glasses on an event

Business events have the capacity to make or break your business. For instance, a successful product launch can give you an advantage in terms of giving your business a good startup market. On the other hand, if that event fails, you are most likely to look at a series of ballooning expenses. Before you decide to do a business event, better consider three important factors:

Season

Look into the season when you would like to push through with your event. The day must be convenient for your attendees in such a way that the probability of getting everyone to attend will be close to 95%. Think about this: Can you imagine holding an event during the peak of the winter season where everyone would have to wade through knee-deep snow? That is quite preposterous. Choose a season that you believe would be convenient for you and for your attendees.

Location

The importance of ensuring a good location cannot be overstated. Indeed, this will play the most important factor in determining the success (or failure) of any event. It should be accessible to everyone. For sure, you would not want locations like a remote island that you could only reach by boat, right? Unless the event is a bonus vacation, then better avoid this option. Remember that some of your attendees do not have their own vehicles.

Planner

The season and location are only some the things you have to consider when planning an event. There are many other things to take note of that might just wreak havoc on your schedule. If you’re thinking of a Utah home and garden show, ULTIMATE EVENTS, INC. suggests leaving the planning stage in the hands of professionals who specialize in event production. This will rid you of the headache, and you would have the assurance that your event would be something you would be proud of.

Don’t neglect these three things whenever you are planning an event, as these can ensure that your attendees would attend and love every second of their time.

Fridge Magnets that Best Capture the Sun Signs

While astrology may not be entirely reliable, it is, undeniably, great fun. After all, with all of the complexities that go along with living and being alive, sometimes it feels good to just simplify.  That is, to put a certain amount of stock in what the celestial bodies have in store for us and to just go with that flow; even if only for the fun of it.

To simplify even further, let’s proclaim: all sun signs could use some quirky, catchy, nice-looking fridge magnets. These are, after all, a fun and whimsical way to liven up your refrigerator – not to mention, an awesome marketing tool for your business!

Based on the unique traits of the different Zodiac signs, perhaps such fridge magnets could be as follows:

  • Aries

Enthusiastic Aries lives in the here and now while looking forward to the rewards of the future.

Fridge Magnet: Motivational Quotes

  • Taurus

Taurus is all about security: a good family, a thriving career, and a rewarding marriage.

Fridge Magnet: Barack Obama & Family

  • Gemini

Geminis are ardent explorers and professional dabblers. They experience everything at least once.

Fridge Magnet: Random Stuff from Cats to Cars to Magnetized Love Letters from their Exes

  • Cancer

Clingy Cancer needs constant reassurance. They aspire for security in terms of intimacy.

Fridge Magnet: “You is kind. You is smart. You is important.”

  • Leo

Leo’s secret desire is to become famous. They possess a kind of radiant energy.

Fridge Magnet: Either Brad Pitt or Angelina Jolie

  • Virgo

Virgo’s caring and compassionate nature guide them into doing the right thing as often as possible.

Fridge Magnet: “WWJD”

  • Libra

Consistency is Libra’s game plan. “Chill” is their mantra.

Fridge Magnet: The Dalai Lama

  • Scorpio

Resilient Scorpio thrives amidst adversity. Against all odds, they persist and triumph.

Fridge Magnet: Mountains

  • Sagittarius

A strong sense of adventure guides Sagittarius. They hope to venture out into the world and make a difference.

Fridge Magnet: All the Cities they’ve Been to

  • Capricorn

Capricorn seeks admiration for their unrivaled achievements.

Fridge Magnet: Stars and (Magnetized) Participation Medals

  • Aquarius

Originality is Aquarius’s life goal. They pursue an understanding of life’s many enigmas.

Fridge Magnet: Anything Coachella

  • Pisces

Practicality and intimacy are Pisces’s guiding principles. Things they don’t like include being alone and abstractions.

Fridge Magnet: The Kardashians Family

Whether you are an ardent believer in the Sun Signs or somewhat of a skeptic, there’s no harm in having some fun with them. And if you wish to always be reminded which sign guides you, why not put some astrology-specific magnets on your fridge?

 

3 Services An Accountant Can Provide For Your Business

Running a business is not as easy as it seems. It becomes more tedious as the business gets bigger. As a result, you need to get your finances right so you could manage the business properly.

With many at stake and more work to do, you are forced to work extra hours managing all the tasks. In the long run, you might run out of passion and interest to continue what you’ve started.

As early as now, you might need help with your finances, and an accountant can do the job for you. Lessen your burden and hire a reliable accountant to manage your finances, taxes and financial accounts. Here are the three services they offer.

Tax Preparation

One of the most difficult and tiresome jobs you would do in business is tax preparation. You don’t want to face charges when it comes to the accuracy of your tax returns. Hence, making sure all data and information listed in your tax forms are valid, accurate and precise.

A tax accountant in Salt Lake City sees to it that they decide, define and detect deductible business expenses, not just relying on the information provided by the taxpayer.

Payroll Preparation

If your business is growing, you will need employees to work for you. Together with employees are their salaries. An accountant can help you prepare for the payroll, making sure the wages, deductions, taxes and other fees are managed properly.

Bookkeeping

Bookkeeping is necessary for any business. If you’re a small business owner, it is essential to recognize the best practices that business giants may apply to you too. It is one of the most basic functions of accountants – making sure all financial transactions, financial statements, and journals are kept properly and privately.

Accountants play a significant role in making sure the business is running smoothly, and the finances are in check. They make sure the company will gain profit more than losing money to expenses. Thus, as a small business owner, hiring a renowned and experienced accountant is a must.