Mumbai, India – WEBWIRE – Monday, April 25, 2022
As people come together to celebrate, Four Seasons Hotel Mumbai invites one and all to come home to San:Qi to celebrate the last week of Ramadan and the joyous feast of Eid-ul-Fitr. Chef Anil Naudiyal presents a sumptuous celebratory menu paying homage to two stellar items from the kitchens of the Nizams of Hyderabad, popularly served as iftari, or an Eid meal: kebabs and haleems.
A wholesome stew made of wheat, barley, lentils and optionally meat, haleem is a sumptuous preparation known to be best prepared in the courts of royalty. Four Seasons chefs take on this much-loved preparation and showcase their skills with a range of haleems on offer. While kebabs are well-known and appreciated by the regular guests of San:Qi, this special menu presents items such as quintessential Shikampuri kebabs, a speciality from the region, along with a range of flavourful breads such as khameeri naan and taftan. As always, the menu features star desserts such as khubhani ka meetha, to complete the indulgence.
This limited-edition festive menu will be available for lunch and dinner until May 4, 2022 at the award-winning restaurant San:Qi at Four Seasons Hotel Mumbai, as well as deliveries. For more information, call +91 22 2481 8000 or +91 77100 33143.
Jan 29, 2022 | Books, Business
First, large-scale affordable home ownership community in Orange County in 21st Century
IRVINE, Calif. – Jan. 26, 2022 – PRLog — Irvine’s newest affordable housing community was unveiled today with a grand opening ceremony hosted by the non-profit Irvine Community Land Trust (ICLT) in the Portola Hills neighborhood of Irvine. The Sage Park townhome community is designed for moderate-income families to be able to purchase affordable homes in or near where they work.
A total of 68 townhomes are being built, with the first phase of 32 now complete and families moving in beginning this week. The remaining 36 homes have been sold and will close escrow by May 2022. By summer of this year, all the townhomes will be complete and occupied, with 244 individuals living in Sage Park.
Sage Park is an environmentally efficient community, recognized as the first affordable housing community in California to be built with solar panels, as well as providing energy star-rated appliances, smart home thermostats, LED lighting and wiring for high-speed internet. Further, all the townhomes are set up for an electric vehicle charging station to be easily added in the garage.
At the grand opening, held on the patio of Sage Park’s new community center to minimize the risk of Covid, Irvine city officials joined the Irvine Community Land Trust in welcoming the first two new families, who shared their thoughts as new Sage Park residents.
One family of four told of their devastating financial setback that occurred when their daughter tragically lost her battle with a rare form of brain cancer. They lost their life savings, including the home they had previously purchased, and have been living with in-laws to save money while they worked in Irvine.
The announcement of the new community created intense interest in 2020, when 6,053 households registered to take part in the random lottery, with names drawn on July 1, 2020. Once selected, families went through a qualification process based on income eligibility and then were required to obtain mortgages.
The homes, ranging in size from 1,282 to 1,634 square feet, have four models, featuring 2- 3- and 4-bedroom models. Two plans are two-story, and two have three levels. A community center, swimming pool with handicap lift, spa, grill and picnic area and playground round out the new community. Home prices range from just under $425,000 to just over $509,000, significantly lower than current market rates in Irvine.
“We are certainly proud of the three rental apartment communities we have developed previously in Irvine, particularly our efforts to provide affordable housing and services for residents with special needs, including veterans, adults with disabilities and families in jeopardy of homelessness,” said Mark Asturias, executive director of Irvine Community Land Trust.
“But our hard work on Sage Park, unveiled here today, is the culmination of one goal we have had for many years, and we are proud to bring this to fruition. We look forward to being able to build many more units for moderate-income families to purchase as they seek to live in our beautiful city,” Asturias added.
Irvine Mayor Farrah Khan, also a member of the ICLT board, told the gathering that Sage Park is not only delivering on today’s promise of affordable home ownership, but also will provide that these homes remain permanently affordable for future families, long after the current residents have moved into their own market-rate homes.
“What we have accomplished here in Irvine is not unique, as land trusts elsewhere in California and the country have created highly workable partnerships. But this is a wonderful example of how it works and we would love to see this type of partnership model, like the one between the city of Irvine and the Irvine Community Land Trust, replicated elsewhere in Orange County,” Mayor Khan said.
ICLT Board Chair Anthony Kuo, also on the Irvine City Council, acknowledged the organization’s partners on Sage Park, pointing to architects, engineers, contractors, lenders and the city of Irvine.
“Our contractor, California Pacific Homes, has done phenomenal work in building these homes on budget and on time. Our architect, Angelo Associates, and our engineer, Adams Streeter, facilitated the design of the homes and the layout of the project. Sage Park is of the quality we expect to see in Irvine,” Kuo said. “In addition, our construction lender, Banner Bank, was wonderful to work with, as Sage Park was financed and built.”
The grand opening ceremony included a light luncheon, a ceremonial ribbon cutting and tours of the four models. In addition, guests received a beautiful gift donated by Irvine-based Voluspa, known for its beautiful and fragrant handcrafted luxury candles.
For more information, visit http://irvineclt.org.
.
Nov 13, 2021 | Business
Grand Ming Group Holdings Limited (the “Company” and together with its subsidiaries, the “Group”, stock code: 1271.HK) today announces its interim results for the six months ended 30 September 2021 (“FH 2021/22”).
Highlights:
– Profit for the Period amounted to HK$69.2 Million
– Declared an Interim Dividend of 4.0 HK Cents per Share
– Revenue amounted to HK$586.1 million, a decrease of 25.4% from the last corresponding period.
– Net profit was HK$69.2 million, representing a decrease of 1.4%.
– Underlying profit, excluding changes in fair value of investment properties, decreased 65.0% to HK$29.2 million
– Declared payment of an interim dividend of 4.0 HK cents per share.
– Scale up investments in upgrading the infrastructure and facilities of its existing data centres and look forward to expand the build-to-lease high tier data centre network.
– Seize opportunity to increase land reserve for property development in Hong Kong.
– Execute the plan for property development in Nanning, Guangxi Province, China and eye to explore opportunities to step into the Greater Bay Area, both target for luxurious senior residential market.
The Group’s consolidated revenue decreased 25.4% from HK$786.1 million for the six months ended 30 September 2020 (“FH 2020/21”) to HK$586.1 million for FH 2021/22. Decrease in revenue was attributed to lower revenue being recognised from the construction project in Kai Tak which was at the completion stage during the period under review.
The Group’s net profit for FH 2021/22 was approximately HK$69.2 million, representing a decrease of approximately 1.4% when compared to that of approximately HK$70.2 million for FH 2020/21. Earnings per share was 4.9 HK cents (2020: 4.9 HK cents). The Group’s underlying profit for FH 2021/22, excluding the change in fair value of investment properties, amounted to approximately HK$29.2 million, representing a decrease of approximately 65.0% as compared to an underlying profit of approximately HK$83.4 million for FH 2020/21. Underlying earnings per share was 2.1 HK cents (2020: 5.9 HK cents). The decrease in net profit was mainly due to the combined effect of: (i) lower revenue and profit recognised from construction project in Kai Tak which was at the completion stage during FH 2021/22; (ii) lower margin attained from the sales of 5 typical units of Cristallo during FH 2021/22 as compared to sales of 1 duplex and 1 typical unit during FH 2020/21; and (iii) fair value gain from the revaluation of the Group’s investment properties.
The Board declares to pay an interim dividend of 4.0 HK cents (2020: 4.0 HK cents) per share, payable on 16 December 2021 to shareholders whose names appear on the Company’s register of members on 3 December 2021.
During FH 2021/22, revenue derived from the construction business decreased by approximately 43.4% or HK$233.7 million, from approximately HK$538.0 million for FH 2020/21 to approximately HK$304.3 million for FH 2021/22. The decrease was primarily because lower revenue was recorded from the construction project at Kai Tak that was at the completion stage during the period under review.
The data centre leasing business achieved a healthy growth. Revenue derived from this segment increased by approximately 17.6% or HK$13.8 million, from approximately HK$78.1 million for FH 2020/21 to approximately HK$91.9 million for FH 2021/22, primarily driven by the increased utilisation of data centre spaces in iTech Tower 2 (one of the Group’s current data centre in Kwai Chung). The Group on the other hand execute the plan to expand its data centre network by acquiring two land parcels at No.3 On Kiu Street and No.8 On Chuen Street in Fanling, the New Territories respectively in September 2020. These two lands are planned to develop into two new high-tier data centres which are targeted to deliver in mid-2025 and mid-2026. Application for change of land use of the two lands are now in progress.
The Group’s first property development project “The Grand Marine” at Tsing Yi, the New Territories is being developed into two residential towers with clubhouse and car park facilities. It provides a saleable area of approximately 345,000 square feet for 776 residential units. The property’s pre-sale which began in November 2019 received applauding sentiment and over 92% of the residential units had been pre-sold contributing total contracted sales of approximately HK$4.8 billion. Interior fitting-out works are in progress and the project is expected to be completed by the end of 2021.
The Group’s luxury residential project, CRISTALLO, at No. 279 Prince Edward Road West, Kowloon was well sold. Sales and delivery of five apartments had been completed, and revenue of approximately HK$188.9 million was recognized accordingly.
The Group continues to grow the property development business by actively replenishing its land banks. In January 2021, the Group acquired a land parcel at No.1 Luen Fat Street, Fanling, the New Territories and intends to develop into a residential-cum-retail complex with a total gross floor area of approximately 36,000 square feet. The Group has submitted development plan for approval and thereafter will proceed with the change of land use and land premiums application. In early October 2021 the Group acquired a site located at No. 41, 43 and 45 Pau Chung Street in To Kwa Wan, Kowloon and will redevelop it into a residential-cum-commercial project which comprises a residential tower with retail shops at the lower level covering a total gross floor area of approximately 31,000 square feet. The general building plan for this project had been approved. Its foundation works had already been completed, and the superstructure works is expected to commence in the first quarter of 2022.
The Group rolls out the expansion into Mainland China as planned. In July 2021, it acquired its first land parcel through government public auction which is located at Guangxi-ASEAN Economic and Technological Development Zone, Wuming District, Nanning City, Guangxi Province with a site area of approximately 53,334 square metres. The Group plans to develop the land into a composite of residential and commercial complex coupled with luxury residence comprising villa and low-rise apartment for the elderly and retired and their families under the theme of leisure and healthy lifestyle. The land site had been handed over to the Group and site clearance works are now underway. Planning and design works are also in progress.
Mr. Chan Hung Ming, Chairman and Executive Director of Grand Ming Group Holdings concluded, “Turning to the long-term, we believe sustainable growth of the Group lies in parallel development of our property development and data centre build-to-lease businesses. The residential property market in Hong Kong remained resilient even in midst of the severe pandemic period which boosts our confidence to actively accumulate our land bank for future development. The surging demand for high-tier data centres prevails as remote work and learning mode shifts to a long-term trend. We will stay focused for refining our data centre portfolio so as to provide up-to-date superior infrastructure and facilities for our customers, while looking for suitable sites to expand our data centre network. On the other hand, because of the boom of ageing population, we see huge potential in the senior housing market in Mainland China especially for affluent senior population. We finally make our first move into the Mainland China via the acquisition of the land parcel in Wuming, Nanning City, PRC and we will keep on exploring potential property development projects, in particular senior residence projects, in Nanning and cities in the Greater Bay Area.”
About Grand Ming Group Holdings Limited (Stock code: 1271.HK)
The Group is principally engaged in the business of building construction, property leasing and property development. As a local wholesale co-location provider of high-tier data centres, the Group is one of the dedicated service providers in Hong Kong which owns and uses the entire building for leasing to customers for data centre use. Its clientele includes multinational data centre operator, telecommunications company and financial institutions. The Group owns and operates two high-tier data centre buildings, namely iTech Tower 1 and iTech Tower 2. It also acquired two pieces of land in Fanling, the New Territories for developing into two high-tier data centres. Furthermore, the Group launches a residential development project namely “The Grand Marine” at Sai Shan Road, Tsing Yi, as well as a luxury residential project, Cristallo, at Prince Edward Road West, Kowloon. The Group also owns a piece of land at No.1 Luen Fat Street, Fanling, New Territories with total gross floor area of approximately 36,000 square feet for developing a residential-cum-retail complex, as well as a site at No. 41, 43 and 45 Pau Chung Street, To Kwa Wan, Kowloon for redeveloping into a residential-cum-commercial project with a total gross floor area of approximately 31,000 square feet. In Mainland China the Group owns a piece of land at Guangxi-ASEAN Economic and Technological Development Zone, Wuming District, Nanning City, Guangxi Province with a site area of approximately 53,334 square metres. Please visit www.grandming.com.hk/eng/intro.php.
Media Contacts:
Angel Yeung
Jovian Communications Ltd
Email: news@joviancomm.com
Topic: Press release summary
Nov 5, 2021 | Business
Perennial Voice Studio celebrated its grand opening in Cedar Grove, New Jersey this fall. Perennial Voice Studio is a small but mighty vocal studio offering singing lessons and vocal training to emerging professionals, enthusiastic young singers and lifelong learners.
The town of Cedar Grove values the performing arts and has a long history of quality arts programming in its schools, and PVS is thrilled to become a part of that culture.
Students of Perennial Voice Studio have been accepted to colleges and universities, been seen on TV, been cast in leading roles in musicals, and have had a lot of fun enjoying their voices.
The owner, Jessica Walch, is a veteran of the stage and has been seen regionally in musical theatre, operetta, opera and pop/folk.
PVS was previously known as Jessica Walch Voice Studio and was located in Morris County, but this brand new launch as Perennial Voice Studio in Essex County provides a small town with its only vocal studio.
Find out more at www.perennialvoice.com
Contact