CBRE told ads for off-plan property investment units with ‘estimated ROI’ must be proven

first_imgHome » News » CBRE told ads for off-plan property investment units with ‘estimated ROI’ must be proven previous nextRegulation & LawCBRE told ads for off-plan property investment units with ‘estimated ROI’ must be provenComplaint against property consultancy is upheld by advertising watchdog over estimated ROI of up to 4.9% quoted in online brochure.Nigel Lewis10th October 201802,790 Views Leading property consultancy CBRE has been told not to advertise off-plan investment properties using estimated rental values and gross returns unless they can substantiate their claims, and that the figures used to do so must be clear in the ads.This judgement throws a considerable spanner into the property investment sector which until now has been able to make largely unsubstantiated claims about return on investment.The Advertising Standards Authority (ASA) received a complaint about an advert CBRE had published online for a newbuild tower it was marketing in The City called One Crown Place, EC2., which is being built by Malaysian firm AlloyMtd.In a section marked ‘key facts and services’ a link loaded an online brochure that made claims for estimated gross yields at the development of up to 4.9% depending on the property size.Property investmentThe complainant said they did not believe these yield figures were representative of the market in the area, and said the way they had been calculated had not been made clear.CBRE then made detailed representations to the ASA saying it was confident of the figures and that they had been based on 11 recent tenancies at a nearby and comparable development called The Heron using data from Lonres and Rightmove.“The CAP Code requires that the basis used to calculate any rate of interest, forecast or projection must be apparent immediately,” the ASA says.But the ASA has upheld the complaint, saying CBRE had not explore the criteria on which it had picked properties in The Heron to compare its developments with, that the prices within the Rightmove data were asking not sale prices. It also said the CBRE had not provided evidence of how it calculated the estimated rental value or gross returns.“We told CBRE to ensure that similar ads in the future did not quote estimated rental values and average gross yields from letting properties, unless they held adequate evidence to substantiate the claims.“We also told CBRE to ensure that the basis used to calculate the estimated rental values and average gross yields were made clear in the ads.”Read more about recent ASA judgements.One cRown place advertising standards authority ASA CBRE October 10, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more

“Then Along Came Mike Braun”

first_img“Then Along Came Mike Braun” A couple of days ago, Politico published a story highlighting Mike’s outsider campaign and why he’s emerged as the front runner to win the U.S. Senate primary on May 8th.Some Excerpts From The Story:“What Braun has been able to do is say, ‘The difference with me is I’m not a professional politician.’”…Braun “is now on the brink of dispatching Rokita and Messer by portraying them as a pair of interchangeable Washington, D.C., swamp creatures.”…“Braun, doubling down on the outsider message, says in his closing argument TV ad that he’s running ‘because President Trump paved the way.’”To read the full story click here.FacebookTwitterCopy LinkEmailSharelast_img read more

Free Support Workshops for Parents of Developmentally Disabled

first_imgThe Arc of Atlantic County is hosting four workshops for parents of children with intellectual and developmental disabilities ages 16 to 21. Learn what resources and support are available for your child now and as they begin to age out of school entitlement programs.Sept 9th | Topic: Post Secondary Education/Employment | Time: 6 to 7 pmSept 30th | Topic: Guardianship and Special Needs Trusts | Time: 6 to 7 pmOct 21st | Topic: Social Security Income and Medicaid – Time: 6 to 7 pmNov 18th | Topic: Self Direction | Time: 6 to 7 pmCall at Allison at 609-485-0800 ext 161 to register for one of the workshops.Location: The Arc of Atlantic County 6550 Delilah Road, Suite 101, Egg Harbor Twp. NJ 08234The Arc of Atlantic County has been helping individuals with intellectual and developmental disabilities and their families for over 50 years. For more information or to register for a workshop, call 609-485-0800 ext 161. Visit us at Arc at: www.arcatlantic.org .— News release from Arc of Atlantic Countylast_img read more

Basco on a mission to find ’lost’ bread baskets

first_imgBread baskets firm Bakers Basco plans to focus on reducing basket losses in 2007, as it rolls out an industry standard 10-loaf basket.Basco was set up by trade body the Federation of Bakers in March 2005 to manage the roll out of a standard bread basket among Tesco plant bread suppliers – an initiative demanded by Tesco.The Omega basket replaces a variety of basket sizes used by different plant bakers, from eight-loaf to 15-loaf, and enables Tesco to put its bread deliveries out on the shop floor without unpacking.Basco general manager Paul Taylor said Basco plans to roll out two million Omega baskets by the end of 2007, and has already invested £5.5m in dollies and baskets.It is also looking to reduce basket losses in the supply chain by collecting other bakeries’ baskets, which have fallen into the wrong hands, when picking up its own.Other supermarkets as well as Tesco are now starting to receive deliveries in the Omega baskets. In five years’ time, the baskets may be in use across the whole of the supply chain, predicted Taylor.Asda bakery director Huw Edwards said: “We don’t have an issue with deliveries in 10-loaf baskets, but won’t put the trays out on shelf. We think the system is inefficient and not customer friendly.”last_img read more

Watch the Cast of Aladdin Make Way for Prince Ali!

first_imgHere he comes! Ring bells! Bang the drums! Hot off the heels of performing live on the New Amsterdam stage for Good Morning America, the cast of Aladdin delivered a special live performance of “Prince Ali” for The View. James Monroe Iglehart leads the parade announcing the arrival of the street urchin-turned-prince (Adam Jacobs) with the help of a little Genie magic. Only in Agrabah…or on Broadway! Take a look at the clip below, and stop by the New Amsterdam Theatre to be the first on your block to meet his eye! Star Files View Comments from $57.50 Related Shows Aladdin James Monroe Iglehartlast_img read more

AcroBible(TM) for iPhone(R) Provides Fingertip Access Anywhere

first_imgCOLCHESTER, Vt. — AcroDesign Technologies today announced the release of their downloadable, native, NIV iPhone bible. The feature rich AcroBible costs $28.99 and is a download rather than an online, annual-fee based Bible. This means that users pay just once, and can access the bible anywhere, on planes, busses, etc. AcroBible is an offline Bible and needs no Wi-Fi connection. Special features of the AcroBible include the ability to search for words or phrases, create bookmarks, attach notes to any verse, and highlight verses in up to six colors.Personal notes and highlighting are backed up via AcroBible’s www.ibiblespace.org(link is external). The AcroBible has one button back-up to the ibiblespace site which uploads all of the user’s personal notes and highlights. When iPhone owners buy a newer iPhone they can restore their personalized AcroBible notes and highlighting to the new phone with just one button. Users can also type notes via their home computer and download them to their iPhone via the ibiblespace.org site.AcroBible is a native iPhone/iPod touch application so the touch interface works like the built-in iPhone applications, making it easy to search and navigate the Bible. The interface is very attractive and very fast enabling users to traverse the Bible with almost no wait. Find out more at www.acrobible.com(link is external).About AcroDesign TechnologiesAcroDesign is a software engineering company, creating leading mobile applications since 2002. The AcroBible for iPhone is just the latest in a series of mobile Bibles. Additional products from AcroDesign include mobile dictionaries, and multimedia software. For more information about the complete line of products, visit www.acrodesigntech.com(link is external).AcroBible, AcroDesign, the stylized logos, specific product designations and all other words that are identified as trademarks and/or service marks are, unless noted otherwise, the trademarks and service marks of AcroDesign Technologies in the U.S. and other countries.last_img read more

Weekend Pick: Collegiate Mountain Bike Nationals at Beech Mountain

first_imgBeech Mountain is gaining a reputation as one of the premier mountain biking destinations in the Southeast, and the country for that matter. Hosting the Gravity National Championships in 2011 and 2012 put them on the mountain biking map, and they build on that success by hosting the Collegiate Mountain Bike Nationals (officially the 2013 USA Cycling Collegiate Mountain Bike National Championships) this weekend. This is the second national championship event of the 2013-14 collegiate cycling season and will draw college mountain bikers from across the country to the North Carolina resort.This is a three-day event, so there will be plenty of biking action throughout the weekend. Friday will feature downhill qualifying and short track cross-country. Saturday will be dominated by the cross-country and downhill competitions, and Sunday will wrap up with dual slalom and the new team relay event. The team relay is a new co-ed event that will give schools the opportunity to show off their depth of their men’s and women’s endurance squads on the same course.“It is very spectator friendly,” says Beech’s Talia Freeman. “All of the events are staged around the base of the resort, so you can definitely watch easily from the base of the area. We also sell spectator lift tickets: you can buy a lift ride to the top if you want to see some of the upper sections of trails.”There will also be an awards banquet and bbq dinner on Saturday night, that should prove to be a fun event. This is a great opportunity to see the best college riders in the country do their thing at one of the best riding locations on the East Coast. Don’t miss it.More details can be found on the USA Cycling website.View Larger Maplast_img read more

Test page

first_imgJuly/August 2004 Volume LXXVIII, No. 7 The Florida Bar Journal The Florida Bar News Test page Click here for the 2004 Directory order form. September 10, 2004 Regular News How to Advertise Lawyers Marketplace September 15, 2004last_img

Cuomo Proposes Speeding Cameras Near Schools

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Gov. Andrew CuomoGov. Andrew Cuomo has proposed an amendment to his executive budget that if authorized would pave the way for Nassau and Suffolk counties to install speeding cameras near schools.The proposal would create one “speed zone” in each school district on Long Island, the governor’s office announced Friday in a press release. Cuomo didn’t say how much the program would cost.The governor urged the New York State Legislature to pass the amendment this year, saying it would make schools and communities safer, as well as aid local law enforcement and encourage drivers to travel at lower speeds.“Speeding through school zones puts children at risk, and this amendment is one way we can better protect our students and crack down on irresponsible drivers,” Cuomo said.Suffolk County Executive Steve Bellone earlier this month also urged state lawmakers to allow the county to install speed cameras around schools.The camera, under Cuomo’s proposal, would be capable of capturing speeding violations in real time without a police officer present. The program appears to be similar to existing red light cameras in both counties, which officials tout for its ability to improve safety and generate revenue.Cuomo also has support from Nassau County Executive Ed Mangano.  Both Mangano and Bellone said they “commend” the governor for trying to improve safety around schools.Violations captured by speed cameras are currently being used in courts in Utah, California, and Arizona.last_img read more

Painting company adds new division to combat COVID-19

first_img3 Dudes and a Paintbrush added a new division named ‘Sani-Dudes’. BINGHAMTON (WBNG) — A local painting company is doing their part to fight COVID-19. They are going into local businesses, like Peterson’s Tavern, to sanitize common areas. “We are able to help hospitals, schools, gyms, retail stores and restaurants, especially,” Harris said. “To help the community directly to stop COVID in the area, it’s one of those things where if we didn’t do it, then who would do it?” Harris said.center_img They are equipped with EPA certified solutions to kill lingering germs on surfaces and in the air. Harris says they are just doing their job to fill the gap. Jameel Harris, 3 Dudes owner, says with these state of the art solutions they are able to do their part to combat the virus. last_img read more