Clive Palmer eyes Peter Bond’s Brisbane waterfront mansion

first_imgThe cinema inside the home at 36 Needham St, Fig Tree Pocket. One of the seven bedrooms in Peter Bond’s Brisbane mansion.Mr Bond has been trying to offload the property since Linc Energy went into receivership in 2016 with debts of more than $300 million.The failed company is currently fighting charges in court that its underground coal gasification project near Chinchilla contaminated more than 175sq km of farmland. $4.9 MILLION BUYS A WHOLE LOTTA HOUSE BRISBANE’S BEST BARGAIN HOMES RENTAL VACANCY RATE TIGHTENS The kitchen inside Peter Bond’s mansion at 36 Needham St, Fig Tree Pocket.According to CoreLogic data, the property was once owned by Zoe Cheihk, wife of developer George.Ray White New Farm principal Matt Lancashire, who had been marketing the property, declined to comment.When contacted by The Courier-Mail, Mr Palmer said he did not comment on business matters and suggested contacting Mr Bond. Clive Palmer is believed to have bought Peter Bond’s Brisbane mansion. Image: AAP/Jono Searle. Peter Bond’s Brisbane mansion at 36 Needham St, Fig Tree Pocket. Clive Palmer is believed to have bought Peter Bond’s Brisbane waterfront mansion.BUSINESSMAN Clive Palmer is understood to have made a lowball offer for the Brisbane mansion owned by the founder of the failed Linc Energy Group, Peter Bond. The seven-bedroom, nine-bathroom pad at 36 Needham St, Fig Tree Pocket, has been on the market for more than a year and was most recently advertised for offers over $8 million. Peter Bond, the founder of the failed Linc Energy Group.Mr Bond and his wife, Louise, took the property to auction in August last year, but knocked back a bid of $9.25 million.Mr Palmer has reportedly made a significantly lower offer of $7.4 million.He has recently embarked on a spending spree after adding $522m to his fortune, and is scouring the market for bargain houses and luxury cars. Records show Mr Bond purchased the property, known as Rivergum Retreat, in November 2008 for $9.5 million. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE More from newsParks and wildlife the new lust-haves post coronavirus21 hours agoNoosa’s best beachfront penthouse is about to hit the market21 hours agoCrowds at the auction of 36 Needham Street, Fig Tree Pocket, in August, 2017. Image: AAP/Richard Walker. This mansion at 36 Needham St, Fig Tree Pocket, is believed to have sold. Inside the mansion at 36 Needham St, Fig Tree Pocket.Rivergum Retreat spans 1.2ha and has river frontage of 132m. It also has a climate-controlled wine cellar, fully equipped gym, a boardroom, meeting rooms, gold class cinema, a horizon heated swimming pool complete with outdoor teppanyaki bar, a tennis court, and water sports facilities.last_img read more

Motorsports News Mick Schumacher to make F1 debut for Ferrari in Bahrain test

first_imgBerlin : Michael Schumacher’s son Mick is set to make his Formula One debut behind the wheel of a Ferrari test in Bahrain next month.Auto Bild reported on Sunday that Schumacher, the 20-year-old son of seven-time world champion Michael, could appear at a young driver’s test in April.Teams will be obliged to test young drivers for two days at the mid-season test in Bahrain on April 2 and 3.On Monday, reported that Schumacher will test the Ferrari SF90 on Tuesday 2 April, before taking the wheel for Alfa Romeo the following day.The Alfa Romeo team have close links to Ferrari, who signed Schumacher as an academy driver in January.Schumacher was crowned European Champion at Formula Three level with Prema last year and will make the step up to Formula Two this season. For all the Latest Sports News News, Motorsports News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Teddy Sagi sells 10% shareholding in Playtech Plc targeting $400 million cashout

first_img Submit StumbleUpon Optimove expands real-time dynamics to help betting meet new marketing demands August 27, 2019 Share Related Articles Share Israel Tax Authority and Aspire Global reach €13.7m settlement January 3, 2020 GiG ups code security oversight with Checkmarx July 10, 2020 Playtech founder Teddy Sagi continues to divest his shareholdings in the company, having issued a trading note detailing that personal investment vehicle Brickington Trading Limited is preparing to sell approximately 32 million share in Playtech Plc.Updating investors, Brickington will place approximately 10.1% of Playtech issued share capital up for sale. At present value, Playtech Plc shares are valued at a 3-year high of 993.50p. Business news sources report that Sagi will likely target a $400 million (£316 million) sale for his latest share offload.Once executed, the Israeli billionaire will dilute his shareholding in Playtech Plc from 17.8% to 7.7% of the firm’s equity and voting rights.The share sale represents Sagi’s latest divestment in Playtech Plc. Last March, Brickington sold 4.1% -13 million Playtech shares – on behalf of Sagi to London hedge fund Boussard & Gavaudan, netting the company founder £113 million.Reducing his main shareholding in Playtech, a technology company he founded in 1998, Sagi sold a 12% shareholding last November for £330 million. It has been reported that to date, Sagi has pocketed in excess of $1.35 billion in cash through selling his Playtech shares.Sagi retains an advisory role within Playtech. As a major shareholder in the firm Sagi will be barred from selling any additional shares for a period of 180-days.Cashing-in on his Playtech fortune, Sagi is reported to have diversified his investment portfolio in property and new technologies.last_img read more