Wellcome, Goldman Sachs join forces on student housing venture

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first_imgiQ and Prodigy Living will continue to operate under their respective brands, and the company will be based in London.Wellcome’s investment portfolio was worth £18.3bn (€24bn) at end-September 2015, according to its year-end accounts.Property and property-backed assets have now reached £2.6bn, a record 12.9% of the portfolio.Half of this is in residential property, which returned 11.1% over the 12 months to end-September 2015.Peter Pereira Gray, managing director of the investment division at Wellcome Trust, said: “The Wellcome Trust is a long-term investor in the UK student accommodation sector. We are delighted to partner with Goldman Sachs and Greystar to form Vero Group, which will build on the success of the iQ and Prodigy Living businesses.”He added: “We now have the scale and resources required to meet the highest expectations of student and university customers alike through our ongoing investment in the existing portfolio, by attracting, retaining and motivating the highest-calibre employees, and by pursing further growth opportunities. We look forward to making Vero Group a leading operator in the sector.” The Wellcome Trust – the UK’s biggest charity – has formed a new UK student housing company with Goldman Sachs and Greystar, the US-based property management firm.The joint venture, Vero Group, sees Wellcome’s existing student accommodation arm iQ merged with Prodigy Living, owned by Goldman Sachs and Greystar. The new company aims to provide high-quality, value-for-money accommodation to residents and university partners through its portfolio of 23,500 beds across 54 sites in the UK.It plans to expand and modernise its portfolio, while delivering robust financial performance.last_img read more

How Foreman dumped boxing gloves for Bible

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first_img Every Sunday, Foreman, 71, has churchgoers at the Church of the Lord Jesus Christ in Houston, Texas hanging on to his every word. ‘Big George’, who famously fought Ali in ‘The Rumble in the Jungle’, is now a preacher fighting for the belief of God. His knockout delivery, often lasting an hour, covers everything from drug use to the planet Pluto, getting lost in traffic, the morals of dogs, and, of course, Adam and Eve, the treacherous serpent and a furious God. Born into a poor family of six children, his mum didn’t have time to take him to church – and the only time he went was for a “free lunch.” But in 1977, after a brutal defeat to Jimmy Young, he believes he came face-to-face with God. “In the dressing room I was walking back and forth to cool off,” he told the Houston Chronicle. “Then in a split second, I was fighting for my life.” He slipped into unconsciousness before a “giant hand” pulled him out and he found himself on a locker room table surrounded by friends and staff. “I knew that Jesus Christ was coming alive in me,” Foreman said. “I ran into the shower and turned on the water and — hallelujah! — I was born again. I kissed everybody in the dressing room and told them I loved them. That happened in March 1977, and I never have been the same again.” A year later, Foreman was ordained as a minister – sometimes preaching on streets of Houston to hone his public speaking skills. “I want to tell everybody that there is really a living God,” he told Believers Portal. Promoted Content7 Universities In The World With The Highest Market ValueThe Very Last Bitcoin Will Be Mined Around 2140. Read MoreBest & Worst Celebrity Endorsed Games Ever MadeEverything You Need To Know About Asteroid Armageddon12 Countries Whose Technological Progress Amazes5 Of The World’s Most Unique Theme ParksDeepika Padukone’s Most Memorable LooksIt’s Time To Show How Bad Some Women Can Really BeTop 10 Most Romantic Nations In The WorldThe Models Of Paintings Whom The Artists Were Madly In Love With6 Best Natural History Museums In The WorldWhy Go Veg? 7 Reasons To Do This Loading… “This is not about a television show, but this is real and it scared me. When I left boxing in 1977 to be a preacher I couldn’t make a fist after I learned about Jesus Christ.” In 1980, he founded The Church of the Lord Jesus Christ, where he entertains his followers to this day. Then, in 1984 the George Foreman Youth and Community Center was born, where kids of all denominations could visit for guidance. The aim was to teach children that a clenched fist was not the answer to combating anger issues, and he became a father-figure to many who had lost their direction. So dedicated to the cause, Foreman came out of retirement in 1987 and returned to the ring for a series of pay days – just so he could keep the centre open when he ran into financial problems. He would fight on the Saturday night, rush to the airport and fly back to Houston, just so he wouldn’t miss his Sunday service. After the congregation have been warmed up through song, singing the gospel, Foreman takes to the stand. Standing at 6ft 4in, he commands respect – not just for his presence, but through his teachings. “I’m always studying the Bible,” Foreman told The NY Times. “It’s all about studying and learning, and here’s the scary thing: The more you learn, the more you realise how much you don’t know.” Juggling his George Foreman Grills business, his meat company, and managing the youth centre, Foreman still manages to give up to three sermons a week. “On Saturday evenings and Sunday mornings, I try to reveal something about the Bible that they didn’t know,” Foreman revealed. read also:Foreman: ‘I Can’t See Joshua Beating Fury’ “On Sunday evenings, I understand that people need something to help them all through the week. I have the New Testament to draw on. It’s 2,000 years old. I can’t run out of ideas.” FacebookTwitterWhatsAppEmail分享 Muhammad Ali might’ve talked a good fight, but he would’ve had nothing on famous for George Foreman’s sermons.last_img read more

Venezuela to boycott ICJ case on border controversy

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first_imgAfter months of delays, Venezuela has confirmed that it will not participate in proceedings at the International Court of Justice (ICJ) in relation to the territorial controversy with Guyana.The Venezuelan Government issued an official statement on Monday outlining its decision not to participate in the United Nations Secretary General-chosen procedure regarding its claim over the Essequibo region.This announcement followed several months after the decision was made by UN Secretary General Antonio Guterres, to refer the matter to the ICJ as a means of resolving the ongoing controversy.During a meeting with the ICJ and a Venezuelan delegation headed by the country’s Foreign Affairs Minister, Jorge Montserrat the position was made known to ICJ President Abdulqawi Ahmed Yusuf.“The Venezuelan delegation has informed the President of the court, through a letter signed by the President of the Republic, Nicolás Maduro Moros, of its sovereign decision not to participate in the procedure that Guyana intends to initiate, since the Court manifestly lacks jurisdiction over an action unilaterally proposed by the neighbouring country, which does not have the consent of Venezuela,” the statement said.Justice Yusuf had invited the legal teams representing Guyana and Venezuela in the border controversy case, to attend a meeting with him in The Hague, Netherlands. The purpose of the meeting was to fix the schedule for the filing of the written pleadings in the border controversy case between the two South American neighbours. Such a meeting is part of the Court’s normal procedure following the filing of a case.On March 29, Guyana filed an application requesting the World Court to confirm the legal validity and binding effect of the 1899 Arbitral Award regarding its boundary with Venezuela.This application follows a decision by the UN Secretary General earlier this year in choosing the ICJ as the next means of resolving the controversy that arose as a result of the Venezuelan contention that the Arbitral Award of 1899 about the frontier between British Guiana and Venezuela was null and void.According to Guyana’s application to the World Court, for more than 60 years Venezuela had consistently recognised and respected the validity of the binding force of the 1899 Award and the 1905 Map agreed by both sides in furtherance of the Award.“Venezuela had only changed its position formally in 1962 as the United Kingdom was making final preparations for the independence of British Guiana and had threatened not to recognise the new State, or its boundaries, unless the United Kingdom agreed to set aside the 1899 Award and cede to Venezuela all of the territory west of the Essequibo River, amounting to some two-thirds of Guyana’s territory,” Guyana submitted in its application to the World Court.The court document further noted that while Venezuela has never produced any evidence to justify its belated repudiation of the 1899 Award, the neighbouring country has used it as an excuse to occupy territory awarded to Guyana in 1899, to inhibit Guyana’s economic development, and to violate Guyana’s sovereignty and sovereign rights.In filing the application, Foreign Affairs Minister Carl Greenidge, who will serve as Guyana’s agent in the proceedings before the ICJ, said: “… Guyana has respected the Secretary General’s decision and placed its faith in the International Court of Justice to resolve the controversy in accordance with its statue and jurisprudence, based on the fundamental principles of international law, including the sanctity of treaties, the maintenance of settled boundaries and respect for the sovereignty and territorial integrity of States.”The UN Secretary General’s authority to choose the ICJ as the means for resolving the controversy is rooted in the Geneva Agreement of 1966, negotiated just before Guyana attained independence.On January 30, 2018, Secretary General Guterres concluded that the Good Offices Process – which the parties had engaged in for almost 30 years, but failed to achieve a solution to the controversy— and chose the ICJ as the next means of settlement, for which Guyana has long been advocating.United States oil giant ExxonMobil had announced back in May 2015 that it had found oil offshore Guyana. Venezuela has staunchly been against oil exploration in Guyana’s Stabroek Block, where multiple oil deposits were found by ExxonMobil, and has since renewed claims to the Essequibo region.last_img read more

Organic plot grows at Cal Poly

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Initially a concept of a pay-and-delivery-type service, the idea morphed into a farm managed by students. Organic farms are common at schools with agriculture departments, school officials said. Cal Poly San Luis Obispo has a community-supported farm, but Cal Poly Pomona Organics is a business, with a percentage of proceeds going back to the university’s foundation, which funded the project. “This is not a class, and the school supports the learning by doing philosophy,” Dosier said. Support for agricultural projects has been seen at the K-12 level. The state department of education announced last month that schools that invest in gardens – floral or edible – are eligible to apply for $15 million in grants. Much of the planting and general maintenance of Cal Poly Pomona Organics is now being done by Dosier and Paul Nurre, also an agriculture student, with oversight by Dan Hostetler, professor and chair of the college’s plant sciences department. A staff of six will be hired later and the goal is to sell items at local farmers markets, and the Whole Foods Market in Tustin has made contact about selling some items, Dosier said. Nearly three acres of the farm is on Pepper Tree Ranch, where the majority of crops will be planted. Additionally, the department is planning to get certified organic nearly five acres of orange trees. For Dosier and Nurre, running the organic farm allows them to gain work experience and apply their knowledge of plant and soil sciences. They work at area farmers markets on behalf of the college’s farm store, which produces it own merchandise such as organic pasta and tortilla chips. And while the debate over whether to buy organic or stick to regular produce continues, Nurre said the “first question buyers ask at farmers markets is if an item is organic.” The team has high expectations for the farm. With support for organic produce at a premium, the organizers hope to capitalize on the organic movement. “We would like to be a farmers market every night,” Nurre said. [email protected] (626) 962-8811, Ext. 2108 POMONA – Now people can eat healthy, save the planet and nurture young minds at the same time. A student-run organic farm has sprouted on a three-acre plot on the Cal Poly Pomona campus. And by the summer, organizers say, Cal Poly Pomona Organics should be ready to supply fresh fruit and vegetables – including 20 varieties of heirloom tomatoes – to local farmers markets and residents who prefer pesticide-free products. The crop will include bell peppers, sweet corn, cucumber, canteloupe and watermelon. “We went with the basics,” said Patrick Dosier, 22, an agriculture student and co-leader of the project. read more