According to Athena Advisers , 1 in every 18 real estate consultancy clients is an investor in commercial properties, “a proportion that acquires more significant weight if we take into account that Athena Advisers is mainly recognised for its operations in the residential market, although in recent years it has reinforced commercial activity” explains David Moura-George, director of Athena Advisers Portugal. Even though the end of programs to encourage foreign investment via the acquisition of properties in the national market or even the changes registered in the Local Accommodation rules may have led many investors in residential properties to take refuge in another asset class, according to David Moura-George, “these limitations do not in themselves explain this turnaround, especially because the trend is global”, he maintains. “These clients can be either individual investors who invest 2 million euros in the purchase of plots of land for the construction of schools in Greater Lisbon or consortiums that invest 100 million euros in hotels in the French Alps”. In Athena Advisers' opinion, investors or regular owners of residential properties are gaining confidence in the commercial market as they become more familiar with its specificities and complexity. “For a commercial real estate investor, residential is just one part of their portfolio. But for the common investor in residential properties, the world of commercial properties is often placed in another dimension where people speak a different language”, notes the general director of the consultancy. “However, once these investors get to know the local market and the players in the commercial sector in depth, they very quickly move from investing in assets of 2-3 million euros to assets of 6-8 million euros, or more. This is what we call going from “resi-normal” to “commercial-climber”, he explains. For this new type of investor in commercial real estate, there are also new asset classes that are more accessible to their investment and/or debt capacity. The more traditional segments of large office buildings or shopping centers may not be within the reach of these investors, but there is a diverse set of properties that are better suited to their portfolio and are seeing increasing demand. This is the case of street stores and supermarkets, warehouses, technology parks, small hotels and tourist residences with services, schools and student housing, as well as investments in real estate development, often using crowdsourcing. Higher returns and security in investments - as long as the stability of tenants, good rents and long-term contracts are ensured - and the lack of concern with the day-to-day management that residential properties normally require, are among the main motivations for this turnaround. According to David Moura-George “residential properties often attract those looking for a more emotional connection with their investments, typically seeking to obtain returns that can vary between 3% and 4%. In commercial assets, the focus is 100% financial with returns that can vary from 5% to 10% in the domestic market, in addition to leases of 10 to 20 years reducing management headaches.” In recent years, the Portuguese commercial property market has registered record levels of investment, with annual volumes ranging between 2 billion euros and 3.4 billion euros (2018-2022), and despite the challenges of the current national and international situation have negatively impacted these values in 2023, with good prospects for recovery already this year, the truth is that Portugal continues to be seen as a stable market and one of the most interesting in terms of the risk/return relationship in the European panorama”, assures the managing director of Athena Advisers. In addition to the acquisition of income assets, real estate development is also attracting many investors who usually looked to the residential sector and crowdsourcing is emerging with a financing model that allows these entrepreneurs to make investments at values that would otherwise be practically unattainable. “Crowdsourcing is a great example of how these investors can join forces and have the opportunity to co-invest in a real estate project as shareholders,” explains Moura-George. Currently, Athena Advisers is involved in several projects in the Portuguese market whose development results from crowdsourcing, “among them a hotel in Costa da Caparica, to be announced soon, and a residential tourism project in the municipality of Aljezur”, he concludes.(All times Eastern) Schedule subject to change and/or blackouts Sunday, Dec. 29 COLLEGE BASKETBALL (MEN’S) Noon BTN — Indiana St. at Ohio St. 1 p.m. PEACOCK — Penn at Penn St. 1:30 p.m. PEACOCK — Northeastern at Northwestern 2 p.m. BTN — Chicago St. at Illinois PEACOCK — Morgan St. at Minnesota 3 p.m. ESPNU — Buffalo at Temple PEACOCK — NJIT at Washington 4 p.m. BTN — Winthrop at Indiana 6 p.m. BTN — Toledo at Purdue 8 p.m. ACCN — Campbell at North Carolina BTN — W. Kentucky at Michigan COLLEGE BASKETBALL (WOMEN’S) Noon ACCN — Virginia at Notre Dame, Noon SECN — Alabama A&M at Vanderbitl 1 p.m. ESPN2 — South Florida at Rice 2 p.m. ACCN — Louisville at Boston College SECN — Wofford at South Carolina 4 p.m. ACCN — North Carolina at Miami SECN — Texas Rio Grande Valley at Texas 6 p.m. ACCN — Clemson at NC State 10 p.m. BTN — Michigan at Southern Cal HORSE RACING 3 p.m. FS1 — NYRA: America’s Day at the Races IIHF HOCKEY (MEN’S) Noon NHLN — World Junior Championship Group Stage: Switzerland vs. Sweden, Group B, Toronto 2:30 p.m. NHLN — World Junior Championship Group Stage: U.S. vs. Finland, Group A, Ottawa, Ontario 5 p.m. NHLN — World Junior Championship Group Stage: Czechia vs. Slovakia, Group B, Toronto 7:30 p.m. NHLN — World Junior Championship Group Stage: Canada vs. Germany, Group A, Ottawa, Ontario NBA G-LEAGUE BASKETBALL 2 p.m. NBATV — Osceola at Raptors 905 NFL FOOTBALL 1 p.m. CBS — Regional Coverage: N.Y. Jets at Buffalo, Carolina at Tampa Bay, Tennessee at Jacksonville FOX — Regional Coverage: Las Vegas at New Orleans, Indianapolis at N.Y. Giants, Dallas at Philadelphia 4:05 p.m. CBS — Miami at Cleveland 4:25 p.m. FOX — Green Bay at Minnesota 8:20 p.m. NBC — Atlanta at Washington PEACOCK — Atlanta at Washington NHL HOCKEY 8:30 p.m. ESPN — Dallas at Chicago SOCCER (MEN’S) 10 a.m. USA — Premier League: Nottingham Forest at Everton 12:15 p.m. USA — Premier League: Liverpool at West Ham United 12:40 p.m. CBSSN — English League Championship: Leeds United at Derby Country TENNIS 6 a.m. TENNIS — Brisbane-ATP/WTA Early Rounds 6:30 p.m. TENNIS — United Cup: Britain v. Argentina; Brisbane-ATP/WTA Early Rounds; Hong Kong-ATP, Auckland-WTA Early Rounds 6 a.m. (Monday) TENNIS — Brisbane-ATP/WTA Early Rounds The Associated Press created this story using technology provided by Data Skrive TV listings provided by LiveSportsOnTV .Trump Warns BRICS Countries Against Replacing US Dollar: 'Goodbye To US Markets'
Vital People: Grant helps church help the community with food-related projects Church members work at a local farm to grow produce to be given away to those who need it. Jeff Bell Dec 29, 2024 4:15 AM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Volunteers Josephine Daud, left, Aaron Diemer, May Miller, Cherry Acorda and McCoy De Castro show off some of the fresh food available during a pop-up “mini market” at Coastline Church on Caledonia Avenue in Victoria. ADRIAN LAM, TIMES COLONIST Listen to this article 00:03:17 A $25,000 grant for the Victoria Foundation has helped Coastline Church boost its efforts to provide food to people in need, including a program that sees church members working at a farm to grow produce to be given away. The money has had a three-fold benefit — supporting the church’s work on the farm, helping with weekly pop-up “mini markets” to distribute food, and spurring the creation of a community kitchen, said church outreach co-ordinator Bridget Sterling. The pop-ups take place at different sites, including the church’s Caledonia Avenue location, the Cridge Centre for the family, Quadra Village and spots in downtown Victoria and in Langford near Costco. Church members volunteer to have the pop-ups on their property, and set them up in co-ordination with the Victoria Food Share Network, Sterling said. “There’s fresh food there, there’s canned food, bread,” she said. Church members regularly donate food to stock the mini markets. Sterling said the community kitchen is a pilot project for the entire community, and is focused on people who might have not done a lot of cooking or have lost their cooking skills. Being able to cook for yourself and prepare healthy meals can be a huge cost saver, and save the expense of ordering food in, Sterling said. Word of the community kitchen has been steadily getting around, she said. “Some people who signed up for the community kitchen found out about it through the mini markets.” Sterling said posts on social media are also helping. The Central Saanich farm the church is linked to is a steady food source from around March to November, she said, and people in the community keep track of what is available. “We get farm-fresh, chemical-free vegetables,” Sterling said. “The word gets out when things are in harvest.” Along with donating food and hosting the mini markets, church members also give their time to work the farm, she said. “It’s all run 100 per cent by volunteers,” she said. “People go out and weed, they bring their kids — it’s really fun.” The connection to the farm started through the Young Agrarians program, which involves farmers and others working with people interested in agriculture. Sterling said the church was matched with a local farmer, who has been charging only $50 a year in rent. “So he has a really big heart,” she said. “The farmer has always been a contributor to the Mustard Seed and other things.” She said she hopes the impact of the farm produce will continue to develop. “My dream is that we can actually start being able to have people using the farm-fresh ingredients to actually make really beautiful meals for their family,” she said. All of the work being done to bring food to people is fitting together well, Sterling said. While the community kitchen is just getting started, the mini markets have been running for five years and the association with the farm has been in effect for two years, she said. “We wouldn’t have been able to do it the way that we have without the Victoria Foundation,” she said. “They’ve been incredible.” [email protected] See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More Life December 29: Your Daily Horoscope Dec 29, 2024 12:00 AM Ask Lisi: Wild, distasteful stories on social media a reason to log off Dec 28, 2024 7:00 AM Your Good Health: The use of DMSO isn’t recommended based on potential harm Dec 28, 2024 6:30 AM Featured FlyerRBC Picks 2 Utility Stocks Powering the Data Center RevolutionEVENT management is a complex undertaking that requires precision, foresight and flexibility. Even with meticulous planning, unforeseen challenges can arise, threatening an event's success. I recently got involved in an activity handling online registration and communication with participants. The event's modest budget requires a lot of the process to be done with a human touch rather than electronically and by different parties. Somewhere along the way, one of the teams made a mistake that affected the entire event, resulting in a crisis. Manual processes, while cost-effective, introduce a higher risk of human error, especially in high-pressure situations. Providing clear guidelines, adequate training and regular check-ins for team members can minimize these risks. Additionally, identifying areas where automation is feasible, even within budget constraints, can reduce the strain on staff and enhance operational efficiency. Register to read this story and more for free . Signing up for an account helps us improve your browsing experience. OR See our subscription options.