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Miramar Hotel & Investment : and Investment Company, Limited Announces 2017 Interim Results

Miramar Hotel and Investment Company, Limited announced today the unaudited interim results for the six months ended 30 June 2017 . * Underlying profit attributable to shareholders and underlying earnings per share are calculated by excluding the post-tax effects of the property revaluation movements and other non-operating and non-recurring items such as net gain on disposal of a subsidiary For the six months ended 30 June 2017 (the "Reporting Period"), the Group`s unaudited revenue was HK$1,559 million, representing a growth of 5% compared to the six months ended 30 June 2016 (the "Last Corresponding Period"). Excluding the increase in fair value of our investment properties of HK$416 million and the one-off net gain on disposal of a subsidiary with a property in Central of HK$32 million, unaudited basic underlying profit attributable to shareholders surged significantly by 27% to approximately HK$333 million. The basic underlying earnings per share we...

New Auburn Avenue co-working space aims to foster big ideas

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Shares 355 By Amy Wenk and Maria Saporta As published in the Atlanta Business Chronicle on August 4, 2017 An Atlanta developer is planning an innovative co-working space along one of Atlanta’s most historic streets — a project that’s already lured high- profile investors including top Home Depot executives . Historic preservation developer Gene Kansas in front of the 135 Auburn Ave. building, which he and a group of investors have acquired to turn into a “Constellations” project on the second floor (Photo by Maria Saporta) Gene Kansas Commercial Real Estate plans to open Constellations, a $2 million project that will offer “culturally-inspired” workspace with the hope of bringing together great minds who care about making a difference in the city. It’s coming to the second floor of the circa-1910 former Southern School Book Depository at 135 Auburn Ave., a building that was designed by famed Atlanta architect Neel Reid . Constellations will replace the Southern Education Foundati...

FT correspondent’s warm memories of difficult days in Madrid

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I arrived in Madrid in December 2012, in time to celebrate the bleakest Christmas the city had seen in a generation. Capital and country were reeling from a series of shocks that had brought Spain to the brink of ruin. Six months earlier, a slow- burning banking crisis had blazed out of control, forcing the government to request billions in rescue aid from its European partners. Spain was in recession and suffering an unemployment crisis that would see the jobless rate peak at 27 per cent a few months after my arrival. Reminders of the nation’s desperation were everywhere. On days when I took my son to kindergarten we would pass a long line of people — not all of them poorly dressed — waiting outside a church- run soup kitchen . Walking to my office in the morning, I would find more and more shops boarded up. Inexplicably, the tiny store that sold and repaired mechanical typewriters held out, defying both the economic downturn and technical obsolescence. Then, one day, I found that ...