One of five bathrooms at 947 Beams Rd, Bridgeman Downs.A study has full wiring which would allow it to be easily converted to use as a media room,There are two fully functional kitchens the main one with a five burner St George Gas Cooktop and a walk-in pantry. 947 Beams Rd, Bridgeman Downs.SIX bedrooms, five bathrooms, a tennis court and swimming pool all on a massive acreage lot close to the city what more could you want?Well there is also the wine cellar, but not just any wine cellar, it also has a wine tasting room attached to it. The home has wrap around verandas. Picture: realestate.com.auMore from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North1 hour agoNew apartments released at idyllic retirement community Samford Grove Presented by The ensuite has a sunken bath, marble bench tops, dual basins and separate shower with dual shower heads.There is also a fully self-contained apartment at the southeastern wing of the home with its own walk-in-robe, kitchen, living and dining room, which has a separate entry. There are luxurious touches throughout. Picture: realestate.com.auThe massive home at 947 Beams Rd, Bridgeman Downs will be auctioned on Saturday December 2 at 5pm in rooms at Aspley.The owners are downsizing from the large home which is accessed with entry through a private street. The house has traditional plaster cornicing, high ceilings throughout and airconditioning. One of the two kitchen at 947 Beams Rd, Bridgeman Downs. Picture: realestate.com.auPlus there is a study, and the main bedroom has enough space for a separate lounge and dining area. It also has an ensuite and walk in robe.And don’t worry about having to walk all the way to the other end of the house when you want to change the linen the main bedroom has a separate linen press nearby just to service this room. Another kitchen in the home.The home is listed through Tristan Rowland and John Bradley of Place Aspley.

FURTHER rationalisation of rail activities was announced in Wien on March 11 by the President of Siemens Verkehrstechnik Dr Wolfram Martinsen. Although the division’s results improved from a DM120m loss in 1994-95 to a DM19m profit in 1995-96, on constant turnover of around DM4·3bn, he forecast losses of around DM80m for the next two years before a return to profitability by 2000.Orders grew to a record DM6·5bn last year, with exports of DM3·4bn. However, profits have been hit by the Adtranz merger and low prices negotiated by German Railway for its recent orders. Martinsen also highlighted the growing trend towards turnkey contracts, which often involved extensive outlay before any returns.Siemens has consolidated its rolling stock work into ’centres of competence’: aluminium vehicles at Uerdingen, steel-bodied coaches at SGP in Wien, trams and LRVs at Düsseldorf, diesel locos at Kiel, electric locos at Krauss Maffei in München, and bogies at Graz. The VT1 and VT2 signalling and control systems businesses at Braunschweig have been refocussed on the main line and urban markets respectively. Power supply (VT3) is now being trimmed, with non-rail domestic work spun off to a management buy-out on March 1 and exports transferred to another Siemens company from April 1. Austrian air-conditioning supplier Alex Friedmann is one of several subsidiaries to be sold soon.With an eye to growth in southeast Asia and North America, Siemens is strengthening its Berlin-based Global Turnkey Systems & Services division. A joint venture signalling company has been formed in Xian, China, and a 50:50 joint venture with Matra Transport will market metro automation equipment. Martinsen revealed that he had fired the management of the Kiel diesel engine business, after problems with the 18 Class Di6 Co-Cos for Norwegian State Railways. Most have now been delivered following extensive rectification work, which resulted in a DM68m loss on the order. oCAPTION: The prototype Siemens/ Krauss Maffei Class 152 electric freight loco for DBCargo was the first loco to be trialled on Siemens’ newly-completed DM100m test ring at Wildenrath, starting a test programme on March 6 in company with the Class 127 EuroSprinter demonstrator

The SER has been assessing a new pensions contract for three years, and is currently assessing two alternatives, comprising a target contract and individual pensions accrual and both with some degree of collective risk-sharing.Although the Pensions Federation – the trade body for the Netherlands’ pension funds – has concluded that both variants would be potentially viable, it said additional research for improvements was needed.According to the FD’s sources, however, the debate within the SER is still ongoing and many decisions still need to be taken.Among the hurdles is the fact that the unions don’t like the concept of individual pensions accrual. Opinions also differ on the degree of risk-sharing with the varying effects on pensions accrual and workers’ generations.Another tricky issue is the transition to a new pensions system. The costs of replacing the current average pensions accrual with an age-related “degressive” one, as the current cabinet wants, are estimated at up to €100bn.Corien Wortmann-Kool, chair of the €382bn civil service scheme ABP, recently expressed the sense of urgency in the sector by stressing that the discussions should not get bogged down in a tug of war about details.“Rather an [actual] eight out of ten than a theoretical nine, which is unlikely to be scored,” she said.“It is important to come up with a framework now and do the work under the bonnet later,” echoed Kees Goudswaard, chairman of the SER’s pensions committee.Meanwhile, calls have started from within the pensions sector to keep the current system, albeit with improvements.Albert Akkerman, former chief executive of the €19bn pensions provider and asset manager SPF Beheer, noted that “time and time again, we have seen that new alternatives are not really better than the current system”.In an opinion piece in IPE sister publication Pensioen Pro, he argued that a new system wouldn’t increase pensions.Akkerman said that, among other things, participants needed convincing that a pension was no guarantee but a target, and to increase the options for pensions saving for the more than 1m self-employed. The Social and Economic Council (SER) is unlikely to come up with the long-awaited blueprint for a new pensions system ahead of the elections for parliament on 15 March, according to Dutch financial news daily Het Financieele Dagblad (FD).The FD quoted “insiders” as saying that the representatives of employers and workers in the SER aimed to present their plan for a new pensions contract ahead of formation talks for a new cabinet.This way they aimed to prevent a new government from developing plans for a new system that aren’t aligned with the sector’s views, according to the paper.Based on recent polls, a new coalition would need the co-operation of four, and possibly even five, political parties – all of which have different views on pensions.