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QBC: Topping-Out ceremony for QBC 6.2
Topping-out ceremony in Vienna: serviced apartment project in the Quartier Belvedere Central (QBC) will open in June 2019.
Vienna, June 13, 2018 - The serviced apartment project QBC 6.2 in the new district around the Vienna Central Station is entering the home stretch: owners CORESTATE Capital Holding SA (CORESTATE) and the developer STRAUSS & PARTNER Development GmbH celebrated the topping-out ceremony in Karl-Popper-Straße 6 on June 12th together with Josef Kaindl, First Deputy of the district of Favoriten and about 150 guests.
CORESTATE, a fully integrated investment manager and co-investor based in Luxembourg, took over the project last year in a forward deal from the Austrian project developer STRAUSS & PARTNER. The completion of the building, which was planned by the renowned architectural firm RLP Rüdiger Lainer + Partner, is scheduled for June 2019. The property will be operated by UPARTMENTS Real Estate, the micro-living specialist within the CORESTATE Group.
"Both the Vienna location and the micro-location of the Quartier Belvedere Central immediately convinced us," said Alexander Eckmann, Vice President of CORESTATE Capital Advisors GmbH, at the topping-out ceremony. "The demand for temporary housing in Vienna remains high. The QBC stands out with its central and convenient location at the new main station, an attractive mix of uses and modern architecture."
"Serviced apartments are an unstoppable and sustainable trend in the metropolitan areas of Europe. With CORESTATE we have found the perfect partner for this and the QBC offers the top location in Vienna," says Managing Director of STRAUSS & PARTNER Development Ernst Gassner.
The QBC 6.2 comprises 10 upper floors of building section 6. A total of 131 serviced apartments are being built on the more than 8,500 m² of gross floor space. Co-working areas including meeting rooms and a fitness area are located on approx. 750m ² on the ground floor. The building is part of the urban development district Quartier Belvedere Central (QBC) at Vienna Central Station. The quarter forms an attractive mix of hotels, offices and residential space distributed over six buildings with a total gross floor area of around
130,000 m².
PORR is the general contractor for the QBC and is also responsible for the structural implementation of the QBC 6.2 building section. The construction progress is going according to plan. Completion of the entire site is scheduled for autumn 2020.
About UPARTMENTS Real Estate
The UPARTMENTS Real Estate GmbH is based in Leipzig and is a wholly-owned subsidiary of the CORESTATE Capital Group. UPARTMENTS Real Estate specializes in the micro-apartments asset class. Under the brands YOUNIQ, Linked Living and UPARTMENTS, the company currently manages around 4,200 residential units in Germany, Austria and Spain. In addition to property management, UPARTMENTS Real Estate also handles marketing and leasing for individual properties and consulting in the micro-apartments sector.
About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with approximately € 22 billion of assets under management. As a fully integrated real estate platform, CORESTATE offers its clients solid expertise in the areas of investment and fund management as well as real estate management services from a single source. The company operates internationally as a respected business partner for institutional investors and high net worth private investors. The company is based in Luxembourg and has 41 branch offices including in Frankfurt, London, Madrid, Singapore and Zurich. CORESTATE has over 560 employees and is listed on the Frankfurt Stock Exchange (SDAX).
About UBM Development AG
UBM Development is the leading hotel developer in Europe. The strategic focus is on the three clearly defined asset classes of hotel, office and residential as well as on the three core markets of Germany, Austria and Poland. With 145 years of experience, UBM focuses on its core competence, the development of real estate. From the planning to the marketing of the property, all services are offered from a single source. The shares of UBM are listed on the Prime Market Segment of the Vienna Stock Exchange.
About STRAUSS & PARTNER Development GmbH
STRAUSS & PARTNER Development GmbH, the Austrian subsidiary of UBM Development AG, stands for competence in the development, construction, financing and realization of real estate. STRAUSS & PARTNER sees itself as a project developer which participates in the bundling of real estate know-how along the entire value chain - from the conception to the realization of a project.
About PORR AG
With its more than 19,000 employees and a production output in 2017 of around € 4.7 billion, PORR is one of the largest Austrian construction companies and one of the leading infrastructure specialists in Europe. As a full-service provider, it covers all areas of the modern construction industry, from building construction to complex projects in rail, bridge, tunnel and road construction. PORR AG has been listed on the Vienna Stock Exchange as the oldest domestic stock market value since April 1869 and is today traded on the Prime Market.
Project information: www.qbc.at
Photo material:
Photo 1: Micro Living in QBC 6.2, Copyright: Philipp Lipiarski
Photo 3: from left to right Ernst Gassner (Managing Director, STRAUSS & PARTNER Development GmbH), Alfred Vandrovec (Branch Manager Construction Vienna, PORR Bau GmbH), Alexander Eckmann (Vice President Asset Management, CORESTATE Capital Group), Josef Kaindl (First Deputy, Vienna Favoriten) und Rüdiger Lainer (Architect, Architekturbüro RLP Rüdiger Lainer + Partner)
Copyright: Philipp Lipiarski
Photo 4: Copyright: Philipp Lipiarski
STRAUSS & PARTNER Development GmbH
Mag. (FH) Katharina Rathammer
Head of Marketing & Communication
katharina.rathammer@ubm-development.com
www.ubm-development.com
Anke Sostmann / Tom Zeller
Executive Director / Managing Partner
Feldhoff & Cie. GmbH
Eschersheimer Landstraße 55
Telephone: +49-69-2648677-14 / +49-69-2648677-15
Mobile: +49-159 04028505 / +49-176-10430063
Mail:	as@feldhoff-cie.de / tz@feldhoff-cie.de
QBC - Renner Institute: New location fixed
Contemporary premises in the immediate vicinity of Vienna's main railway station herald a new era of political education work in the SPÖ.
Vienna (May 28, 2018) - In its meeting on May 25, the Board of Trustees of the Dr The Karl Renner Institute made the decision to purchase a new location for the political academy of the SPÖ. From the end of the year, the educational establishment in Karl-Popper-Straße 8, which was founded in 1972, will have its new headquarters in the "Quartier Belvedere Central (QBC)" and thus be located directly adjacent to the new Vienna Main Station. The central location at an important transport hub ensures optimal accessibility - both from the federal states and within Vienna. Decisive for the decision, however, was also the possibility of designing the project's shell according to the institute's own ideas.
The new premises will be open, communicative and consistently barrier-free, ensuring a modern seminar and working environment.
Since the previous maintenance costs of the historic building and park in Altmannsdorf can be invested in the educational work in the future, the move will also be connected with an expansion of training and events, announced the Director of the Renner Institute, Maria Maltschnig. "The new location is a step into the future in many ways. Not only will we move geographically closer to the city centre, but we will also be able to expand our program", says Maltschnig. SPÖ Chairman Christian Kern sees the realignment of the Renner Institute as an important step for a modern and powerful Social Democracy: "We are ushering in a new era in SPÖ education work. The modern restructuring and expansion of our offer will also be a clear signal for the opening of the SPÖ." The approximately 1000 m2 large premises in the QBC will be acquired by the project developer of the UBM Development site and the functional development will take place in cooperation with the real estate service provider CBRE.
Three DGNB certificates for QBC
(c)ÖGNI / Martínez-Flener
(Vienna, 16-11-2017) Sustainability is a crucial component for the UBM Group at every stage of the value chain. Yesterday UBM was awarded DGNB certificates for sustainable building for six of its project developments. The German Sustainable Building Council (DGNB) and the Austrian Society for Sustainable Real Estate (ÖGNI) have certified several of the UBM Group's property developments for meeting their performance requirements, which include conserving natural resources, minimising life-cycle costs and promoting health and safety. The awards were presented on Wednesday evening by ÖGNI President Dr. Andreas Köttl as part of the ÖGNI Founder Day.
Developments on the Quartier Belvedere Central project in Vienna were awarded a full three certificates: the hotel project in QBC 5, operated by Novotel and IBIS, won DGNB Platinum certification; the office developments QBC 1 and 2 gained DGNB Platinum pre-certification. The projects stood out for factors including their construction, sustainable water use concepts, and energy efficiency.
"We are very pleased to have received these forward-looking awards. A sustainable approach to construction and operations is a priority for us in every one of our real estate developments", said Martin Löcker, COO of UBM Development AG.
Gold and Platinum for hotel developments in Germany Three hotels for the IHG Group in Germany also received the DGNB and LEED seals in
Gold. The Holiday Inn Express "Klosterstraße" in Berlin and Gateway Gardens in Frankfurt were awarded the DGNB Gold certificate, while the hotel in Frankfurt also received LEED Gold certification. The Holiday Inn Express Munich City West was judged to be particularly outstanding; the project was awarded DGBN Platinum. In addition to the highest standards of technical quality, such as the fireproofing, soundproofing and
thermal insulation, as well as the ease of maintaining and dismantling the property, an important role was played by the process quality from the planning phase through to preparing for operations.
UBM Development AG is the leading hotel developer in Europe. The strategic focus is on the three clearly defined asset classes Hotel, Office and Residential and the three core markets of Germany, Austria and Poland. With 144 years of experience, UBM focuses on its core competency – developing real estate. UBM has been listed on the prime market segment of the Vienna Stock Exchange since August 2016. www.ubm.at
For enquiries:
Milena Ioveva
Head of Investor Relations & Corporate Communications
UBM Development AG
Tel.: +43 (0)50 626-1763
Email: public.relations@ubm.at
(Vienna, 19 October 2017) Quartier Belvedere Central – QBC for short – can currently be watched as it rises. Construction site QBC 6.1 has entered the final construction phase. The 140 freehold apartments, offices and shops on 15 floors are due to be completed and ready for occupancy in summer 2018. Half the apartments have already been sold.
The complex, comprising both freehold apartments and offices, fits seamlessly into the versatile development that merges business hotspot with urban residential living in the QBC project. The first occupants are expected to move into their new homes in only three quarters of a year.
"A vibrant neighbourhood is set to emerge here that will redefine the concept of work-life balance: living, working residing in an attractive environment with perfect infrastructure," says Ernst Gassner, managing director of UBM subsidiary STRAUSS & PARTNER..
Urban apartments for the modern lifestyle
The new apartments will be designed for single to four-person households and equipped with ample fixtures and fittings: kitchen with electrical appliances, underfloor heating, external sun screening and controlled room ventilation. They will measure between 36 and 75 square meters. Masterminded by architect's studio Rüdiger Lainer, the real estate project features spacious outdoor areas with planters that transform the building into an eloquent combination of nature and urban development.
A thriving new trendy neighbourhood – perfect infrastructure and 20,000 jobs
Alongside green areas, such as the Helmut-Zilk-Park and Belvedere Schlosspark, the community's prime location close to the Vienna's city centre and next to Vienna's central railway station with excellent transport links defines its appeal. The integrated office areas, educational and childcare facilities, shopping centres (bahnhofcity Vienna), hotels and cultural venues located directly on the doorstep add to the attractiveness.
A large line-up of guests at QBC
STRAUSS & PARTNER, the Austrian subsidiary of UBM Development, and PORR, the building contractor in charge, invited to QBC at Vienna's Central Station for the toppingout ceremony. As tradition has it, the developers handed over the topping-up payment to Porr, the general contractor, during the celebration held under the motto "Oktoberfest" once the youngest construction site worker had delivered his topping-up address. The event was attended by Ernst Gassner (managing director of STRAUSS & PARTNER
Development), Karl-Heinz Strauss (CEO of PORR), the new chairman of Favoriten district Marcus Franz and his deputy Josef Kaindl.
For further information on the project go to: www.qbc.at
Image 1: QBC 6.1 bare brickwork © Philipp Lipiarski
Image 2: External visualisation QBC 6.1 (residential) © ZOOM VP.AT
Image 3: from left to right: Kaindl, Strauss, Gassner © Philipp Lipiarski
If copyrights are indicated, the images may be used free of charge for press purposes.
STRAUSS & PARTNER Development GmbH, the Austrian subsidiary of UBM Development AG, stands for expertise in developing, building, financing and selling real property. As a committed project developer, STRAUSS & PARTNER Development GmbH bundles its real estate know-how in order to leverage its competencies in technical, commercial and legal matters at all stages of the value chain. Its services span the entire
value chain in real estate development - from the idea to project handover.
UBM Development AG is the leading hotel developer in Europe. Its strategic focus is on the three clearly defined asset classes - hotels, offices and residential buildings - and the three core markets Germany, Austria and Poland. With 144 years of experience under its belt, UBM focuses
on its core competency: the development of real estate. UBM shares were included in the prime market segment of the Vienna Stock Exchange in August 2016. www.ubm.at
PORR AG
With over 18,000 employees on its payroll and a production output of roughly EUR 3.9 billion in 2016, PORR currently ranks among Austria's biggest building contractors and is a leading infrastructure specialist in Europe. As full-service provider, the corporation covers the entire gamut of modern construction industry, from structural engineering to complex projects in railway, bridge, tunnel and road construction. As one of the first quoted Austrian companies, PORR AG has been listed on the Vienna Stock Exchange since April 1869 and now trades in the prime market segment.
Katharina Rathammer
phone: +43 (0)50 626-3830
mobile: +43 664 626 38 30
e-mail: katharina.rathammer@strauss-partner.com
e-mail: public.relations@ubm.at
Topping-out ceremony for UBM's major development project Quartier Belvedere Central
(Vienna, 23 June 2017) Quartier Belvedere Central (QBC) is growing. With the
topping-out ceremony and full occupancy of the office developments QBC 3
and QBC 4, UBM enters the final stage.
Only a year after construction of the office buildings QBC 3 and QBC 4 in
Quartier Belvedere Central began, a ceremony has been held to celebrate the beginning
of the final construction stage. Both developments have reached full occupancy,
with over 90%, and completion is scheduled by end of 2017.
"With its campus-style structure and sophisticated mixed use, the QBC is setting new
standards for future urban construction. Due to their perfect location and infrastructure,
we were able to sell both properties well before completion", says Claus Stadler,
Board Member of UBM Development AG.
A vibrant, diverse city quarter
With the topping-out ceremony for QBC 3 and 4, half of the QBC construction sites
have reached the final stage. The AccorHotels Group opened the new 3-star ibis hotel
already in June 2017 in QBC 5, the 4-star hotel NOVOTEL opening will follow in July.
In December 2017, Autobank, the financial service provider Schwabe, Ley & Greiner,
TIPCO Treasury & Technology, VMG Versicherungsmakler, VTG Rail Europe and Your
Office will be moving into their new, top-modern offices in QBC 3. Cohens Smartfood
will be opening its second restaurant in Vienna on the ground floor. In early 2018,
BDO will move its headquarters from the first district to its new office building QBC 4.
WKO Inhouse GmbH will also be moving to the new office complex.
Platinum certification and top infrastructure
QBC provides plenty of feel-good space. A special highlight of the two eight-floor buildings
are the roof terraces with a view overlooking Vienna, accessible to all tenants. Both
construction projects were platinum pre-certified by DGNB (German Sustainable Building
Council) and ÖGNI (Austrian Sustainable Building Council) in October 2015 for their
sustainable real estate development. The connection to the Central Station is ideal and
only a few steps away. Construction is being carried out by PORR Bau GmbH, which was
awarded the general contractor services contract.
High-carat guests at QBC
On Thursday, STRAUSS & PARTNER Development, the Austrian subsidiary of UBM Development AG, PORR, BDO, and S IMMO AG invited guests to the topping-out ceremony
in QBC at Vienna Central Station. Attended by roughly 200 guests, the event included
some high-profile dignitaries such as UBM Board Member Claus Stadler, Karl-Heinz
Strauss (CEO of PORR), Josef Kaindl (Deputy District Director of Vienna's 10th district),
Bernd Himmler (Head of Project Development S IMMO AG) and Peter Bartos (Managing
Director and Partner of BDO).
Image 1: f.l.t.r. Bernd Himmler (Head of Project Development S IMMO AG), Clarissa Leher (Head
of Project Development QBC), Ernst Gassner (Head of Project Development QBC und Managing
Director of Strauss & Partner Development), Peter Bartos (Managing Director and Partner of BDO),
Josef Kaindl (Deputy District Director of Vienna's 10th district), Alexandra Brandauer (Head of Project
Development QBC 3) und Karl-Heinz Strauss (CEO of PORR) © Philipp Lipiarski
Image 2: External visualisation QBC 3 (office) © ZOOM VP.AT
STRAUSS & PARTNER Development GmbH, the Austrian subsidiary of UBM Development
AG, stands for expertise in developing, building, financing and selling real property.
As a committed project developer, STRAUSS & PARTNER bundles its real estate
know-how to leverage its competencies - from the project idea to its implementation -
at all stages of the value chain.
UBM Development AG is the leading hotel developer in Europe. The strategic focus is
on the three clearly defined asset classes - hotels, offices and residential buildings - and
the three core markets Germany, Austria and Poland. With 144 years of experience under
its belt, UBM focuses on its core competency: the development of real estate. UBM
shares have been traded in the prime market segment of the Vienna Stock Exchange
since August 2016.
With over 16,000 employees on its payroll and a production output of roughly EUR 3.9
billion in 2016, PORR currently ranks among Austria's biggest building contractors and
is a leading infrastructure specialist in Europe. As full-service provider, the corporation
covers the entire gamut of modern construction industry, from structural engineering to
complex projects in railway, bridge, tunnel and road construction. As one of the first
quoted Austrian companies, PORR AG has been listed on the Vienna Stock Exchange
since April 1869 and now trades in the prime market segment.BDO
As your local partner in the global BDO network, we will find individual solutions for you
quickly and efficiently, in the areas of audit & assurance, tax & accounting, advisory and
consulting. You benefit from a dynamic company with a heritage that guarantees you a
personal point of contact for all your questions. These contacts will be by your side with
dedication and are responsible for coordination of our experts. Both in Austria and
worldwide in more than 158 countries.
S IMMO AG
S IMMO AG is a listed real estate investment company headquartered in Vienna. The
company invests exclusively in the European Union, focusing on Austria, Germany, and
the CEE. The S IMMO real estate portfolio is comprised mainly of offices, shopping centres
and hotels, and a supplementary part is made up of residential properties. S IMMO
stands for a high-yielding and high-cashflow portfolio and for profitable growth. The
company's strategic core shareholders are Erste Group Bank AG and Vienna Insurance
Head of Investor Relations &
Sales start WOHNEN IM QBC
Sales start "WOHNEN IM QBC"
A smart apartment that perfectly suits my lifestyle!
36, 48, 75.
YOUR LUCKY M2 NUMBERS FOR URBAN LIVING AND MODERN LIFESTYLE.
Whether you are looking for a micro-apartment or a more spacious living space: "WOHNEN IM QBC" is as individual as you and as extraordinary as your desires. The apartments impress with their generous room heights, perfectly thought-out room layouts and large window areas - the wonderful surroundings can shine in their most beautiful light. In addition, each apartment offers a loggia / balcony with planter boxes, which transform the building into a successful combination of nature and urban design. The result: a living environment which offers retreat and relaxation. A place which invites you to stay and makes coming home an enjoyable experience every time.
Move in and enjoy. You do not have to take care of anything - the high-quality apartments are perfectly equipped: from the kitchen to the sun protection, right down to the intercom system.
STANDARD IN EVERY APARTMENT
• Large windows
• Underfloor heating (throughout apartment except WC and entrance area)
• Parquet floor in the living rooms
• Controlled ventilation
• Intercom system
• Fully functional kitchen including electric appliances in the 1-2 room apartments
• Plastic / aluminum windows with triple glazing
• External sun protection
• Basement storage unit
• Balcony / loggia with generous planter boxes
The "WOHNEN IM QBC" team is looking forward to hearing from you:
Michael Fromm
TEL. +43 50 626 - 6699
michael.fromm@strauss-partner.com
Detailed information can be found at www.qbc-wohnen.at.
QBC: Office project QBC 3 sold to Union Investment
Vienna, 18 November 2016 - UBM Development AG and S IMMO AG have closed a forward deal already in the development phase for the third lot of Quartier Belvedere Central – QBC 3 – with Union Investment. Completion and handover is planned for autumn 2017.
UBM Development AG is developing together with S IMMO AG Quartier Belvedere Central (QBC) at Vienna Central Station. On a total of six construction lots, a new city quarter with a dynamic mix of offices, hotels and apartments is taking shape near the Viennese city centre. The office space of QBC 3 has now been sold by both partners to Union Investment in a forward share deal. The purchase price is based on a property value of around EUR 30 million, with UBM's stake valued at EUR 19.5 million (65%). The turnkey purchase is subject to fulfilling the closing conditions typical for this type of property transaction and will take effect upon handover of the property in the course of the fourth quarter of 2017.
"The sale of QBC 3 can practically be seen as an early exit, as we only laid the foun-dation stone for the office building in June 2016", says Michael Wurzinger, COO of UBM Development AG. "The recent sale reflects the quality of our development as well as the location selected for the project". Ernst Vejdovszky, Chairman of the Board of S IMMO AG adds: "We are delighted to be able to report another success story on Quartier Belvedere Central. We are convinced that this site will be a source of great pleasure in future for us, as well as for Union Investment". "The brand new, urban forms of living are adding value to the sites around central sta-tions across Europe significantly", says Philip La Pierre, Head of Investment Management Europe at Union Investment Real Estate GmbH. "This trend can also be seen in the current quarter development in Vienna. This is why we have proactively secured the first-class office building QBC 3". After the handover, Union Investment will manage the property in its public real estate fund UniImmo: Global.
QBC 3 – an office development at the highest level
On an area of around 7,600 m2, QBC 3 will offer its tenants office space that can be flexibly divided and is flooded with light, across a total of eight floors. The office development by the partners UBM and S IMMO provides an intelligent interior concept for a workplace with the best infrastructure and fittings. Retail space and restaurants are found on the ground floor of QBC 3. A special highlight of QBC 3 is the roof terrace on the eighth floor with views over Vienna, which will be accessible to all tenants. In this early phase, around 30% of the space has already been let out and a further 53% has been reserved. Tenants who have come on board include the Austrian subsidiary of the logistics service group VTG (VTG Austria Ges.m.b.H), the provider of office and conference facilities Your–Office Managed Business Services GmbH, and the independent insurance broker VMG. Sustainability is also a top priority for QBC 3 – the property was pre-certified in Platinum by DGNB and ÖGNI in October 2015.
Impact of the transaction on UBM The forward deal transaction will not have a direct impact on net debt or total output in 2016. The purchase price will only take effect at the point of handover in the course of the fourth quarter of 2017.
Effective time period Q4/2017
Net sales proceeds* EUR 30 mn
Effect on total output 65% (consolidated under equity method)
Effect on revenue None (equity method, share deal)
Effect on net debt 65% of profit and shareholder capital (equity method)
* Asset Value; UBM stake EUR 19.5 mn
Doralt Seist Csoklich served as a consultant for UBM Development AG and S IMMO AG. Union Investment was advised by Wolf Theiss.
UBM Development AG is a pure player focusing on real estate development. The strategic focus on the clearly defined three asset classes of Hotel, Office and Residential is complemented by the concentration on the three home markets of Germany, Austria and Poland. In 2015 UBM significantly expanded its business and achieved new records in total output and earnings for the third year in a row. S IMMO AG As Austria's first listed real estate investment company, S IMMO AG has been synonymous with expertise, a high-return portfolio and profitable growth since 1987. The company invests in commercial property (office, retail and hotel) and residential property in four regions (Austria, Germany, Central and South-Eastern Europe). The strategic core shareholders of S IMMO AG are Erste Group and Vienna Insurance Group.
Union Investment is one of Europe's leading real estate investment managers and specialises in open property funds for private and institutional investors. Union Investment manages assets of around EUR 30.9 bn in its real estate funds. In the field of open property funds Union Investment is currently number one among investment funds in Germany. Union Investment offers its investors a stable and effective platform, combining a strong performance in property purchases with a proactive asset management approach. The diversified property portfolio spans 24 countries and five continents and consists of more than 350 properties in the segments office, hotel, retail and logistics.
QBC: Hotels Ibis und Novotel sells to Amundi Real Estate
Vienna, 02 November 2016 - UBM Development AG has sold the 3-star ibis hotel and the 4-star Novotel (AccorHotels Group) to a fund managed by the French asset manager Amundi Real Estate. The planned opening for both hotels is summer 2017. A forward deal involves fixing a binding price today for a proper-ty that will only be completed in the future.
UBM is currently developing two hotels for the AccorHotels Group near the new Central Station in Vienna, in the so-called QBC – Quartier Belvedere Central, under the brands ibis and Novotel. A total of 577 highly modern rooms and a large event area with a ball-room and conference facilities measuring around 1,800 m² are being built on a gross floor area of 27,300 m². The two hotel properties have now been sold to Amundi Real Estate in a forward-share deal. The purchase price is based on a property value of around EUR 85 mn. The turnkey purchase is subject to the usual preconditions for closing this type of property transaction and will come into effect with the handover of the pro-perty in the second half of 2017.
Hotels as a good investment alternative
The sale of QBC 5 to Amundi Real Estate is a further proof of the growing appeal of the asset class Hotel as an investment. Michael Wurzinger, COO of UBM Development AG explains: "With the forward deal for QBC 5, we have succeeded in taking another im-portant step in our sales strategy, increasing the planning security for UBM in the next year."
"The acquisition of these properties confirms our European diversification and
increases our position on the hotel asset class with secured long term cashflows", adds Hubert Joachim, Head of International Investment at Amundi Real Estate.
Impact of the transaction on UBM
Because of its "forward nature", the transaction will not have a direct impact on the net debt or total output in 2016. The purchase price will only take effect at the point of handover in the second half of 2017.
Effective time period H2/2017 (expected)
Effect on total output 100% (consolidated in full)
Effect on revenue None (share deal)
Effect on net debt 100% (reductive impact)
* Net Asset Value
Quartier Belvedere Central – not just business as usual
As one of the largest urban development projects in Europe, the Quartier Belvedere is a trailblazer for sustainable, holistic urban development. The new city quarter offers con-temporary mobility thanks to its proximity to the newly built Central Station and is also a living space in a central location with complete urban infrastructure and a piece of na-ture. In terms of architecture, QBC impresses with its diversity and campus-style struc-ture.
Eisenberger & Herzog Rechtsanwalts GmbH acted as consultants for UBM Development AG. Amundi was advised by DORDA BRUGGER JORDIS Rechtsanwälte GmbH and EHL Investment Consulting GmbH.
UBM Development AG is a pure player focusing on property development. The strategic focus on the clearly defined asset classes of Hotel, Office and Residential is complement-ed by the concentration on the home markets of Germany, Austria and Poland. In 2015 UBM managed to significantly expand its business and achieved new records in output and earnings for the third year in a row. Amundi is one of the world's leading asset managers, with over 1,000 billion euros at 30 September 2016 of assets under management worldwide. Amundi is actively involved in investment and real estate markets across the globe and has offices in more than 30 countries.
AccorHotels Group
AccorHotels is a leading global travel and lifestyle group, as well as a digital innovator, and offers unique experiences in more than 4,000 hotels, resorts and residences along with more than 2,500 highly exclusive private apartments. With its double competencies as an investor (HotelInvest) and hotel operator (HotelServices), AccorHotels is repre-sented in 95 countries. With its unrivalled collection of brands and rich history over five decades, AccorHotels and its global team, consisting of more than 240,000 dedicated employees, gives an unconditional promise: Feel Welcome. Every guest also has access to its renowned loyalty programme – Le Club AccorHotels. AccorHotels is known at every location for its commitment to society and sustainable planning as well as its solidarity in the course of the comprehensive programme PLANET 21. Accor SA is listed on the Eu-ronext in Paris (Code ISIN: FR0000120404) and on the OTC market in the USA (Code ACRFY). In Austria Accor is represented with 32 hotels under the brands Sofitel, MGal-lery, Novotel, Suite Novotel, Mercure, adagio, ibis, ibis Styles and ibis budget.
QBC:topping-out ceremony for hotels ibis and novotel
Vienna, 14th of September 2016 - On Wednesday the topping-out ceremony took place in the Quartier Belvedere Central (QBC) for both buildings of the AccorHotels-Group – ibis and novotel. The opening planned for summer 2017 will be complied with.
On Wednesday STRAUSS & PARTNER Development, the Austrian affiliate of the UBM Development AG, PORR and the AccorHotels-Group invited to the topping-out ceremony in QBC at the central station in Vienna. At the event visited by high representatives with around 250 guests, besides the UBM board Claus Stadler also the director general of PORR Karl-Heinz Strauss and vice president of Development AccorHotels Central Europe Yannick Wagner participated in the ceremony..
Scheduled completion in summer 2017
On the construction site QBC 5 the Austrian construction company PORR Bau GmbH currently realizes the real estate project by STRAUSS & PARTNER Development for the AccorHotels-Group consisting of two hotels under the brands ibis and novotel. The construction is progressing according to plan. "QBC does not only set new standards for future, urban construction with its campus-like structure and the elaborated utilization mix, but for this very reason challenges us in its development and implementation. We are therefore all the more delighted that after one year of construction the shell structure could now be completed. We are proud that we are now reaching the final phase of the first construction field at QBC", says Claus Stadler happily.
"With today's topping-out ceremony we are pleased to complete another phase in the realization of two new AccorHotels in Vienna. We are proud to bring the two renowned AccorHotels brands, Novotel and ibis, in a double pack, to the Danube metropolis to one of the most important transport hubs, the brand-new central station. We are convinced that our modern restoration concepts will enrich the environment and will enthuse not only tourists but also people from Vienna. With the two new openings, AccorHotels disposes of more than 20 sites in the Austrian capital" says Yannick Wagner.
Perfect location at the central station in Vienna
With the 3-stars ibis hotel and the 4-stars novotel Hotel the AccorHotels-Group will create a comprehensive overnight stay offer for families, city and business travelers. Overall, 576 state-of-the-art rooms and an approx. 1,800 square meters-large event area with ballroom and conference rooms will be established on a total flat area of 27,300 square meters. With the construction of the two hotels, STRAUSS & PARTNER Development and the AccorHotels-Group reacted on the continuously growing number of overnight stays in Vienna and with the QBC they found a perfect location near the new main railway station of Vienna. The realization of the shell construction was realized by PORR, who received the general contractor assignment.
UBM subsidiary STRAUSS & PARTNER sells first QBC lot to BDO
The Austrian subsidiary of UBM Development AG, STRAUSS & PARTNER Development GmbH, has successfully closed the first sale of Quartier Belevedere Central (QBC), Vienna, during the development phase. This is an impressive testament to the UBM strategy. QBC 4 has been acquired by partners of BDO and will become BDO's new Vienna office at the end of 2017.
Vienna, 14 January 2016 – A lot has been going on in the past few days at the construction site of the Quartier Belvedere Central – QBC for short. At the end of December, partners of BDO acquired the project company of construction field 4 (QBC 4) STRAUSS & PARTNER Development GmbH, a subsidiary of UBM Development AG (UBM), has been hired to continue as the design-build contractor realising the project. Construction field 4 should be completed as planned in autumn 2017 with a gross floor area of around 20,000 sqm. The parties have agreed not to disclose the purchase price.
Claus Stadler, COO of UBM and Managing Director of STRAUSS & PARTNER, sees the success of the large-scale development as more than confirmed in the utilisation talks to date: "The rapid developments regarding the new QBC city quarter in recent months leave no doubt as to the success of this development around the Vienna Central Station. The establishment of the ÖBB headquarters, the full opening of the station and the Erste Group moving into their new corporate headquarters show that the first milestones have already been achieved. As a renowned audit, finance and tax consulting company, BDO is another leading industry player to move into QBC. The purchase by the BDO partners even before construction has started is a highly significant indication of the interest and confidence investors have in this site".
About QBC
The new city quarter QBC, being developed by UBM subsidiary STRAUSS & PARTNER and set for completion by the end of 2018, is a dynamic urban development project encompassing quality working and living, economic efficiency and sustainability. On a plot of over 25,000 sqm, the UBM Group is building attractive, high-quality homes, offices and hotels with a gross floor area of around 130,000 sqm. The office space of QBC 4 guarantees the highest possible flexibility and can be adjusted to meet the user's specific requirements. QBC 4 is being built to the latest standards and has already been certified to ÖGNI/DGNB in the Platinum category. The foundation stone should be laid before summer 2016. Architects Jabornegg & Pálffy are responsible for the design of QBC 4.
QBC 4 as the new "home to BDO"
BDO will thereby be moving from Vienna's first district, the former Austrian headquarters, to the urban development hotspot of Vienna. Helmut Kern and Peter Bartos, Management Board members of BDO, see massive potential in the change of location: "For us the key factors in choosing our new BDO office was the central location with fast links to the city and the airport, as well as the proximity to the Central Station and the site's exceptional infrastructure". Bartos added: "The growth course we have maintained for years in Austria was also a factor in this strategic decision. We are confident that the new office location will have a positive impact on our corporate growth".
UBM continues success strategy
UBM believes the early sale of its first QBC lot is a testament to the current corporate strategy. The listed property developer UBM is positioned as a trade developer and pursues a strategy of profitably selling off projects to investors as early as possible. Given the current pressure on investors caused by the prevailing environment of low interest rates, real estate represents an alternative with very good returns.
UBM Development AG is Austria's leading property developer. The company enjoys broad diversification and covers the entire value chain from zoning and planning permission to planning, marketing and construction right through to sales. The focus is on the markets of Austria, Germany and Poland and the asset classes Residential, Hotel and Office. The company has been listed on the Vienna Stock Exchange since it was founded 143 years ago and almost no other company has such a rich history, especially in the
real estate sector. The key success factors are attention to detail and sustainability, along with architectural quality and excellent construction.
STRAUSS & PARTNER Development GmbH is synonymous with expertise in developing, building, financing and selling properties. STRAUSS & PARTNER Development GmbH has been a wholly owned subsidiary of UBM Development AG since the start of 2015 and handles everything related to project development in Austria in its role as a regional operating company. This covers every phase, from the idea of a project through to its sale. STRAUSS & PARTNER Development GmbH sees itself as a project developer which participates in technical, commercial and legal aspects through bundling its property knowhow across the entire value chain.
Images: Front view QBC 4 © ZOOM VP.AT
The image is free of charge for press purposes as long as the copyright is shown.
Julia Kozielski
Head of Investor Relations and Corporate Communications
Telephone: 0043(0)50/626-3827
Email: public.relationsubm.at
UBM subsidiary STRAUSS & PARTNER and S IMMO AG take over the entire Quartier Belvedere Central
Vienna November 26, 2015 - The Quartier Belvedere Central at the Central Station in Vienna is part of one of the largest current urban development projects in Vienna and becomes increasingly popular. STRAUSS & PARTNER Development GmbH, the Austrian subsidiary of UBM Development AG develops on a land area of over 25,000 square meters modern and sustainable residential-, office and hotel properties with approximately 130,000 square meters of gross floor area. This week, the last, significant steps were made to further guarantee the successful implementation of the project.
Originally the project QBC was initiated by a consortium formed by ERSTE GROUP Immorent, S IMMO AG and STRAUSS & PARTNER. Then in the end of 2013 STRAUSS & PARTNER became the main responsible of the development. As contractually agreed the acquisition of the first two project companies was finalized in the beginning of 2015. On November 24, 2015 the remaining four project companies were adopted by STRAUSS & PARTNER. S IMMO AG participates with a 35% share in the individual project companies and thus remains a trusted partner in the project. With the finalization of these necessary steps the next development steps of QBC and the further structural implementation are secured.
Claus Stadler, COO of UBM Development AG and CEO of STRAUSS & PARTNER says: "The intention of S IMMO, a leading, publicly traded real estate company, to participate with 35% in the development of the QBC, speaks for the location quality, which is situated directly at the new Vienna Central Station." Stadler adds: "The now finalized contractual participation of S IMMO is also consistent with our strategy to – at an early stage- cooperate with strategic partners."
Friedrich Wachernig, CEO of S IMMO AG, adds: "We believe as a real estate investor in this exciting and promising location in our hometown. STRAUSS & PARTNER is a reputable and competent company and therefore the perfect partner for us. Together, we will realize the full potential of this development project. "
Development of QBC runs better than expected
The ÖBB (Austrian railway) headquarters, the full commissioning of the Vienna Central Station, as well as the relocation of ERSTE GROUP in their new headquarters in the beginning of 2016 confirm the very positive and rapid development of the area "Quartier Belvedere. This new district part is already very popular among the local population and, although still in construction phase, attracts the interest of international investors. The sales talks for both office spaces as well as for privately financed apartments extend beyond our expectations. The assumption of UBM Development AG that "Quartier Belvedere Central" will be a large-scale and successful neighborhood development is thus confirmed.
A total of 130,000 square meters of gross floor area accounts for about two-thirds of office and retail space. Here condominiums, serviced apartments and two hotels with 577 rooms operated by Accor Hotel Group will be built here in the beginning of 2017. Following the groundbreaking ceremony for the two hotels in July 2015, the realization of the next construction phase of the first office space and the privately financed condominiums is already foreseen for spring 2016. The completion of the office properties in 2018, situated right at the Wiener Gürtel (Vienna beltway), will mark the final stage of the QBC development and will be finished in 2018.
UBM Development AG is regarded as the leading real estate developer in Austria. The company covers the entire value chain from repurposing and planning permits to design, marketing and construction management, right through to sales. The focus is on the home markets Austria, Germany and Poland, as well as the asset classes hotel, residential and office. In Austria UBM is represented by its subsidy STRAUSS & PARTNER Development GmbH, in Germany by Münchner Grund Immobilien Bauträger GmbH and in Poland by UBM Polska Sp. z o. o. Real estate developments in the Czech Republic, the Netherlands and France contribute to diversify the company´s portfolio. UBM has been listed on the Vienna Stock Exchange since its establishment 142 years ago. Only few companies have such a rich history, especially in the real estate sector. The key factors in the firm's success are attention to detail and sustainability, along with architectural excellence and high-quality construction.
S IMMO AG: Since 1987 S IMMO AG, as the first publicly traded real estate Investment Company in Austria, stands for expertise, a profitable portfolio and successful growth. The company invests in commercial (office, retail and hotel) and residential properties in four regions (Austria, Germany, Central and Eastern Europe). The strategic core shareholders of S IMMO AG are ERSTE GROUP and Vienna Insurance Group.
QBC:Kickoff for two buildings of the AccorHotels Group
Developers, architects, investors and project partners met today, Thursday, for the groundbreaking ceremony on the first construction site of Quartier Belvedere Central (QBC). By spring of 2017, an Ibis and a Novotel hotel shall be built here.
Vienna, July 16, 2015 - Today, Thursday, Strauss & Partner Development GmbH, the Austrian subsidiary of UBM Development AG, laid the foundation stone for the first of six construction sites of the QBC project. This heralded the official kickoff of the first construction phase. In addition to UBM directors Mag. Karl Bier and DI Claus Stadler, around 70 guests attended the high-profile event including the PORR General Director Ing. Karl-Heinz Strauss, MBA and deputy District Director Josef Kaindl and Vice President of Development & Franchise at AccorHotels Central Europe Christian Giraud, who showed excitement about the location at the main station: "With the groundbreaking ceremony at Vienna's main train station, we are delighted to create a comprehensive accommodation offer for families, as well as city and business travelers. With the construction of a 3-star Ibis hotel and 4-star Novotel hotel, we are expanding the network of AccorHotels at the attractive location in Vienna."
New concept Ibis and Novotel for the first time in Austria
A 3-star hotel (Ibis) and a 4-star hotel (Novotel) from the AccorHotels Group, with a gross floor area of around 27,300 square meters and a total of 577 rooms as well as a 1,800 m² event area with a ballroom and conference rooms, will be built on plot 5 by spring 2017. With the two new hotels, the AccorHotels Group presents their concept for a new generation of hotels in Austria for the first time. Under the motto "feel welcome", the new hotels include innovative design and an exclusive food and beverage concept.
With the construction of the two hotels, Strauss & Partner Development GmbH and the AccorHotels Group have reacted to the annually-increasing number of overnight stays in Vienna and found a perfect location at the new Vienna Central Station with the QBC!.
Kaindl: "QBC is a highlight in the streetscape"
As one of the largest urban development projects in Europe, the Quartier Belvedere stands for future-oriented, sustainable and holistic urban development. Due to its direct proximity to the newly constructed main railway station, the new city quarter offers modern mobility whist providing a working and living space in a central location with complete urban infrastructure and green spaces. With the QBC, Strauss & Partner Development GmbH are setting a clear statement and responding to today's changing conditions. Work, housing, mobility and relaxation are combined, thus creating additional quality of life. About two-thirds of the total 130,000 square meters of gross floor area account for office and retail space. To keep the quarter lively after business and office hours, various restaurants and bustling ground floor zones, as well as privately financed condominiums and two hotels from the AccorHotels group will also be built. The total development around the new central train station is a big step towards creating a new center for the city of Vienna. "The goal of all involved in the project is to create a common, future-oriented project and to build the QBC as a new gateway to the city in the shortest possible construction time and the highest quality. High professionalism, a great deal of experience and mutual trust are guarantors for smooth cooperation!" concludes Karl-Heinz Strauss to sum up the project.
Construction diary informs of construction progress
In the next few days, a webcam linked to the QBC Facebook page will also be installed on the site of the QBC, so that interested parties can observe the construction progress at any time. Follow us at: www.facebook.com/QuartierBelvedereCentral
Strauss & Partner Development GmbH stands for competence in development, construction, financing and disposal of real estate. Since the beginning of 2015, Strauss & Partner Development GmbH is a 100% subsidiary of UBM Realitätenentwicklung AG and deals with the entire scope of project development as a national operational company in Austria. This includes all phases of a project, from initial concept to sale. Strauss & Partner Development GmbH regards itself as a project developer who through the bundling of real estate know-how participates along the entire value chain, both in technical and commercial, as well as in legal terms.
AccorHotels is a group of companies which stands for top hospitality and is driven by one promise: Feel Welcome. The group's 180,000 employees take care of thousands of guests in 3,700 hotels in 92 countries every day.
AccorHotels, the world's leading hotel operator, consists of two entities and provides its dual expertise as a hotel operator and franchisor (HotelServices), as well as an owner and investor (HotelInvest) to its clients and partners. Accor permanently continues to develop its concepts in the luxury/upscale segment (Sofitel, Pullman, MGallery, Grand Mercure, The Sebel), in the mid-scale segment (Novotel, Suite Novotel, Mercure, Mama Shelter, adagio) and in the economy segment (ibis, ibis Styles, ibis budget, adagio access and hotelF1) to optimally meet the expectations of business travelers and holiday makers throughout the world. Social commitment, solidarity and sustainable business behavior has been an essential part of the corporate culture of the company for nearly 50 years and is also being implemented as part of the PLANET 21 program.
The group has a powerful digital structure, especially the accorhotels.com booking platform, and the loyalty program Le Club AccorHotels. Accor is represented with 32 hotels in Austria under the brands Sofitel, MGallery, Novotel, Suite Novotel, Mercure, Adagio, ibis, ibis Styles and ibis budget.
ACCOR SA is on the Euronext Paris stock exchange (ISIN code: FR0000120404) and is listed on the OTC market in the USA (Code ACRFY).
Picture index:
Picture caption: f.l.t.r. Claus Stadler, Christian Giraud, Josef Kaindl, Karl-Heinz Strauss
Photo credit: © astridknie
Reproduction of texts and images is free of charge for press purposes provided that copyright information is cited
QBC Folder
UBM Development Österreich GmbH
Prressecontact
Mag.(FH) Katharina Rathammer
T +43 50 626 -3830
presse@ubm-development.com
Legal Notice | Contact |


text:
Neurology.org
Neuroimmunology & Neuroinflammation
Innovations in Care Delivery
Patient Pages
Article CME
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The most widely read and highly cited peer-reviewed neurology journal
January 26, 2016; 86 (4) Editorial
Measuring the value of neurology
Lyell K. Jones, Marc R. Nuwer
First published December 23, 2015, DOI: https://doi.org/10.1212/WNL.0000000000002290
Lyell K. Jones
From the Mayo Clinic (L.K.J.), Rochester, MN; and UCLA Medical Center (M.R.N.), Los Angeles, CA.
Marc R. Nuwer
Neurology Jan 2016, 86 (4) 320-321; DOI: 10.1212/WNL.0000000000002290
Determining the value of a cup of coffee is relatively straightforward. When defined as a ratio of quality over cost, the value equation in this setting is easy to solve. How good are the coffee beans? What about the coffee maker? How fresh is the coffee? Finally, to determine the cost, simply look at the sign in the coffee shop or the price on the package. The best value comes from high-quality coffee offered at a low cost.
Calculating the value of complex health care services, such as those provided by neurologists, is considerably more complicated. Quality of medical care is hard to define and difficult to measure.1 Pricing in health care is notoriously opaque.2 Despite these barriers, there is growing interest among policymakers, payers, providers, and the public to consider the value of care delivered to patients. At the policy level, value determinations already have been used to adjust payment, such as through the Value-Based Payment Modifier and Value-Based Purchasing programs employed by the Centers for Medicare and Medicaid Services (CMS). There is a pressing interest in measuring the quality as well as the cost component of the health care value equation.
In this issue of Neurology®, Ney et al.3 harness the power of a large, diverse administrative claims dataset to measure the value of neurologist participation in patient care. The study comprises 2 phases and 3 primary findings. The first phase of the study reviews the costs associated with neurologist participation in patient care among a number of common and uncommon neurologic disorders (such as Alzheimer disease, epilepsy, and amyotrophic lateral sclerosis). The second phase of the study examines differences in outcomes according to neurologist involvement, primarily in the form of health care utilization indicating adverse events or complications of neurologic disease.
First, and unsurprisingly, costs are higher when a neurologist participates in the care of a patient. A second critical finding is that the increased cost associated with the neurologist comes with improved quality: for example, a lower rate of urinary tract infections in patients with multiple sclerosis, and less depression among patients with idiopathic Parkinson disease. Finally, the authors demonstrate that patients treated by a neurologist are more likely to receive specialized, evidence-based, disease-modifying therapies for neurologic disorders, such as use of chronic anticoagulation in patients with stroke due to atrial fibrillation.
With these observations, Ney et al. have taken an important early step in quantitative measurement of the value our specialty provides at a population level. Studies such as these can be used to encourage policymakers to design appropriate incentives to preserve access to neurologic care.
In the claims dataset analyzed by the authors, patients with higher severity of disease were more likely to have seen a neurologist. This raises some questions: Were higher costs a reflection of worse disease severity, or involvement of the neurologist? Adjusting for severity of disease, can neurologist participation be associated with lower costs through cost avoidance? Finally, in risk-matched comparisons, are patients who see neurologists more likely to have higher quality outcomes? The claims data available to the authors did not permit analyses that could answer these questions. Examination of other datasets that allow more precise, patient-level risk adjustment and pseudorandomization techniques such as propensity score matching are more likely to yield answers to these critical questions.
It is difficult to overstate the need to measure value in ways that are meaningful to clinicians and patients. While administrative datasets such as those used in this study have many advantages, they are limited in terms of the clinical detail that we intuitively associate with high quality and value. Did patients' seizure frequency improve with medication adjustment? Have patients experienced improved quality of life with better management of their myasthenia gravis? Questions such as these are better answered with analysis of data from disease-specific or clinical quality data registries, such as the Axon registry being developed by the American Academy of Neurology.4,5
Neurologists are committed to delivering the highest possible quality of care. Beyond the utility of value determination at the population level, valid and meaningful value measurement tools could be used by individual neurologists to improve the value of their services. Patients could use similar information to help guide their own health care decisions, which is of acute importance in an era of proliferating high-deductible plans that expose patients more directly to their own health care costs.
Understanding our specialty's collective performance on the value equation could be helpful as our society examines its health care investment priorities. For example, in 2012, CMS spent more for a single medication, memantine ($1.5 billion), than it did for all Part B payments to all neurologists in the United States ($1.2 billion) (Brian Callaghan, MD, personal communication, 2015).6,7 For an even broader perspective on priorities, in 2012 the United States as a whole spent about $36 billion on coffee.8
Measuring the value of neurology is one thing. Demonstrating that we are valuable is another. We applaud Ney et al. for their work, and hope to see further systematic investigation into the value of neurology in the future.
STUDY FUNDING
No targeted funding reported.
Lyell Jones receives publishing royalties for the Mayo Clinic Neurology Board Review (Oxford University Press, 2015). Marc Nuwer has received funding for travel and/or speaker honoraria from AAN, ACNS, and Virginia Commonwealth University; has received publishing royalties for Intraoperative Monitoring (Cambridge Press, 2008); and performs intraoperative spinal cord monitoring as part of his practice (10% effort). Go to Neurology.org for full disclosures.
Go to Neurology.org for full disclosures. Funding information and disclosures deemed relevant by the authors, if any, are provided at the end of the editorial.
See page 367
© 2015 American Academy of Neurology
McGlynn EA,
Asch SM,
Adams J,
. The quality of health care delivered to adults in the United States. N Engl J Med 2003;348:2635–2645.
Reinhardt UE
. The disruptive innovation of price transparency in health care. JAMA 2013;310:1927–1928.
Ney JP,
Johnson B,
Knabel T,
Craft K,
Kaufman J
. Neurologist ambulatory care, health care utilization, and costs in a large commercial dataset. Neurology 2016;86:367–374.
Sigsbee B,
Bever CT,
Jones LK
. Practice improvement requires more than guidelines and quality measures. Neurology (in press 2016).
Franklin GM,
Busis N
. The AAN and the triple aim. Neurology (in press 2016).
Skolarus LE,
Burke JF,
Callaghan BC,
Becker A,
Kerber KA
. Medicare payments to the neurology workforce in 2012. Neurology 2015;84:1796–1802.
Centers for Medicare and Medicaid Services. CMS Fact Sheets: 2015. Available at: https://www.cms.gov/Newsroom/MediaReleaseDatabase/Fact-sheets/2015-Fact-sheets-items/2015-04-30.html. Accessed September 20, 2015.
International Coffee Council. World coffee trade (1963–2013): a review of the markets, challenges and opportunities facing the sector. Available at: http://www.ico.org/news/icc-111-5-r1e-world-coffee-outlook.pdf. Accessed September 20, 2015.
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redpajama_set_name: RedPajamaCommonCrawl


text:
Expert committee to identify correct name of national flower
A decision has been taken to appoint an expert committee to identify the correct Sinhala name of the national flower of Sri Lanka.
The decision has been taken since some experts are of the view it should be 'Mahanel' while another group is of the view it is 'Nil Mahanel.'
The Department of Communication of Parliament said, the Ministerial Consultative Committee on Environment discussed at length whether the Sinhala name of the national flower of Sri Lanka is 'Mahanel' or 'Nil Mahanel.'
During a meeting chaired by Minister of Environment Nasir Ahmed, Senior Professor of the Department of Botany of the University of Peradeniya Deepthi Yakandawala, and Senior Professor of the Faculty of Agriculture and Plantation Management of the University of Wayamba Kapila Yakandawala, delivered a lengthy presentation on the unresolved and controversial issue of what is the national flower of Sri Lanka for many years.
As presented by Professor Yakandawala, the national flower of Sri Lanka was announced on the 26th of February, 1986.
The national flower has been officially declared as the 'Blue Water Lily' by a cabinet paper.
(newsradio.lk)
Sapugaskanda refinery to resume operations from Dec. 16
Cement prices drop


a) Benchmarking is being done even without SaaS. Companies with significant market share in a specific domain/industry/segment can share benchmarking information - as a research report, or to aid sales. SaaS certainly opens up a huge opportunity for benchmarking.
b) SaaS vendor is like a viewer watching a Texas Hold'em Poker game, where he can see everybody's cards. Think of Salesforce.com hosting 5 competitors in SCM space each providing pricing, margins and notes of their client meetings, internal notes, discount approvals. SaaS vendor is now in a position to comment who should fold their cards. Neither participant in the game would want the viewer to do that, because he has already invested in the game.


Is your body naturally flat? Of course not! The bodyCushion™ is a high-tech, high-quality body positioning system that allows a person to lie in any position without unnecessary pressure on soft tissue areas. Supporting the body on its bony structures - clavicles, ribs, sternum, pelvis - enables the body's soft structural components to relax, deeply. The bodyCushion is unmatched in enabling this effect. When the body is relaxed, all types of therapy are easier and more effective. The positioning of the patient on the bodyCushion affords the practitioner complete access to body parts and muscle groups in ways not possible if the patient is lying on a flat table, even using pillows and rolled towels. Patented, specific-density construction provides optimal support for reducing pressure and tension in patients' bodies which makes the practitioner's work easier and provides a way to get better results and more patient referrals.
With a contoured design created to maximize comfort and relaxation, the bodyCushion yields better, faster results in treating patients than a flat table. Tests have proven that back muscles actually tighten up when lying face-down on a flat surface. The difference is all in the positioning: when lying prone on the bodyCushion body weight is distributed in a way that the patient has no distinct sense of pressure and the spine is unloaded, decompressed, and the associated musculature relaxed. The patient is not even subtly or unconsciously guarding, and can breathe easily with no restriction on the diaphragm. When the patient is in this idealized face down position, adjustments happen easily. The bodyCushion adjusts to all body sizes and types and can also be used to provide support in the supine, side-lying, and seated positions.


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redpajama_set_name: RedPajamaGithub


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Costa Blanca Kiteschool is the official training and practice center for kite surf and paddle surf in Denia, Alicante. We have designed their new website in which their users are involve in the true spirit of kiteboarding: freshness, fun and adventure. It has the latest technologies and the best graphic design, a personalized iconography and the best images and videos. Moreover, it will also include the online shop Nautical Wear store. Enjoy the best kiteboarding experience!
Prima Vinia Wines is a synonym of oenologist creativity and technology. They've changed the wine production manner, as well as they've comprehended the past in order to revolutionize the future; whereas the essence remains. Wrapped in the best wines' aroma, Promokore has savoured the new brand extracts. We have performed a completed corporate analysis, from the design and web development to web programming and content curation for the product release. We have developed a fresh and cool graphic design for these group of wine makers. Give a taste to the future of tradition with Prima Vinia.
Oceanogràfic is an oceanarium situated in the city of Valencia, where visitors can find 40.000 animals of 500 different species including fish, mammals, birds, reptiles and invertebrates. The Promokore team has dove into their deep to create a beautifully crafted website to show their high end facilities with some of the greatest living creatures on Earth. Leap into the void!
Based in New York, Sheik 'n' Beik is a collective based which creates electronic music events in different venues around the world since their foundation in 2008. These underground kings let us create their website to show the world their creative vision and its magical touch in everything that they do. Visitors can check out their upcoming events, read the latest news, buy some massive tunes or grab official merchandising, all in one site. Hard work pays off, and here it is a good sample of it.
With clients from United States, South America, Asia and Europe, Promokore has more than 300 active web pages that receive millions of visitors.
This data have been obtened with desde Abril del 2010.
If you have any doubts or queries that you want to make, we provide you with the means to get in touch with us. We will be happy to hear your proposals.
Buscamos nuevos componentes para nuestro equipo!
Visita nuestras ofertas de empleo y uneté al equipo promokore.
TENEMOS 2 VACANTES DISPONIBLES EN ESTOS MOMENTOS!
LA PRESELECCIÓN TERMINA EL 28 DE FEBRERO.


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Santa Cruz confirm first UK shows for July 2013 | FESTIVALPHOTO
Santa Cruz confirm first UK shows for July 2013
SANTA CRUZ, the Helsinki-based four-piece who draw their inspiration from such hard rockin' greats as Skid Row & Guns ´n Roses, will be Special Guesting with Spinefarm label-mates Vega on two UK shows in July.
These are:-
5th – London, Barfly
6th – Rock City, Nottingham
Completing the bill in London will be melodic rockers Curran, with the full bill in Notts yet to be announced.
Blending influences from '80s & early '90s rock with an accomplished level of musicianship plus elements of modern metal, Santa Cruz have already kicked up some serious dust in their native Finland, and now – with debut 'Screaming For Adrenaline' album on release and picking up positive reviews – the time is right for a UK visit, actually the band's very first shows outside of Finland!
Says vocalist/guitarist Archie: "We are so stoked to bring our music to the UK for the first time! We seem to have fans there already, and hopefully we'll make loads of new ones. We want to show everybody that hard rock is alive 'n' kickin'! From the UK, we really admire classic bands like The Stones, Zeppelin, Sabbath & Purple, as well as '80's groups such as Def Leppard & Judas Priest! And, more recently, The Darkness. We can't wait!"
Loved by Children Of Bodom's Alexi Laiho ("the awesome guitar playing makes me wanna bang my head into two pieces!"), 'Screaming…' is a bold statement from a band who have been together since 2007, and who have spent the past few years cutting their musical teeth via two EP releases plus some intensive home country gigging.


Businesses thrive on good ideas. They can help shape everything from the way an organisation operates to its next range of products and services. And, because there are no rules over who will come up with a way to revolutionise your business, if you are not capturing employees' ideas through a staff suggestion scheme, you could be missing a trick.
He adds that although they can be extremely beneficial, schemes work best when they are part of a package of measures that encourage dialogue between employees and management. "It's got to be a high-trust workplace before employees will feel comfortable about giving you their ideas, so look at other ways to nurture this, such as your internal communications programme, team briefings and forums for exchanging ideas," he explains.
Rather than implementing a full scheme, employers may want to consider setting up a temporary one to test how well it will be received. Many firms set up schemes with a specific project in mind, for instance a new product launch, or with a particular goal such as improving workflow within a department.
Also consider usability. Employees need to be able to submit their ideas easily and in a way that suits how they work. For example, despite moving to an online suggestion scheme British Gas still provides its engineers and field sales staff with a paper-based system because they do not have easy access to computers.
Rules and guidelines also help to ensure the success of a scheme. With these, simplicity is key. "The more complicated the rules the more they create a barrier to employees putting forward ideas," says Proctor.
The type of rules employers might want to put in place could include details of when an employee can expect to receive feedback, who will be evaluating suggestions, the type of suggestions that can be submitted and the type that can't. "If you set up a staff suggestion scheme there is a danger that employees will use it to let off steam. This isn't necessarily a bad thing but you need to provide another means for them to do this so that the suggestion scheme is purely for ideas," says Isles.
For this reason, many employers state that personal problems and comments about pay and conditions are off-limits for their suggestion schemes.
Publicity can also make or break a scheme. Training schemes and discussion groups are useful ways to encourage participation and will ensure employees understand the type of input that is expected.
Another part of the process is giving feedback to employees on their suggestions. This needs to be provided quickly, even if it's simply to let the employee know you have received the idea and it needs to be evaluated further. "It only takes five minutes to look at an idea and assess how it should be dealt with," says Proctor, who recommends giving feedback within 21 days.
As well as providing feedback, rewarding suggestions is also important: "Recognition for having had a good idea will help to encourage more ideas so some form of reward is important. It doesn't have to be monetary though," says Wood.
Examples of the types of reward offered include vouchers, points, which can be built up and exchanged for different products, meals out, holidays, certificates and shares in the company.
Unsurprisingly, whatever type of reward employers dish out will have tax implications. Anything given to employees for an idea is treated as a benefit in kind and will be subject to income tax and national insurance.
However, there are some handy exemptions. For example, for an idea that results in genuine financial savings, an employee can be rewarded with up to 10% of the amount saved in the first year, subject to a maximum of £5,000.
National Ideas Day is an annual event launched by IdeasUK to celebrate creativity and innovation in the workplace. Held on 14 March, the anniversary of Einstein's birth, the day focuses on how to encourage employees to put forward their ideas through staff suggestion schemes and other workplace initiatives.
To mark National Ideas Day, IdeasUK runs a free seminar that examines how to set up and maintain a successful employee suggestion scheme. This is open to all organisations and further information can be obtained by contacting IdeasUK on 0870 9021 658 or enquiries@ideasUK.com.
British Gas has run a staff suggestion scheme for more than 20 years but, in response to changes in technology and employee feedback, the scheme was revamped a couple of years ago so that employees could use it online.
A recognition scheme is in place to reward employees for their ideas. "Depending on the nature of the idea an employee will receive a certificate and maybe a small gift such as a bottle of wine or a pen set. For bigger ideas, employees may receive their award from the managing director and receive an invitation to the company's annual gala," says Firmin. There is also a commendation award for good ideas that can't be taken up.
The scheme adds huge value to the business. Over the last few years, more than £2 million worth of ideas have been put forward by employees and, in 2005 alone, the value of employee suggestions was around £800,000. "Many of the ideas are for internal changes that make a difference to the way we run the business although some will be more visible outside the company," says Firmin. An example of this is a ladder safety device that was suggested last year. This device, which locks ladders together making it much safer to work at height, is being used in British Gas and will be made available to the public later this year.


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Of Broadway, an urban aircraft carrier, and the Tenement Museum…
Having mastered our surroundings, we couldn't wait to tackle Manhattan proper, and decided to focus on satisfying some of Miss M's Korean cravings with a trip to the BTS (Korean boy band – don't ask) store in Times Square. We hopped off the subway at the bottom of Broadway to give ourselves the chance to see a swathe of Midtown and were quickly captivated. I'd feared that much of traditional Manhattan would have been swept away in modern steel and glass. Instead, Broadway itself was largely still made up of modest but still impressive late 19th and early 20th Century buildings, and glimpses along the east-west streets revealed classic fire escapes, rooftop water towers and the vestiges of advertising painted on brick side walls. We worked our way up slowly through Union and Herald Squares, stopping to take in the towering shelves of the Strand bookstore (so many gorgeous books on NY history and architecture, but got to save suitcase room for records!), the NY branch of Forbidden Planet, the Flatiron Building (sadly closed for refurbishment at ground level) and gawp at the towering traditional skyscrapers, still impressive even after they've been surpassed many times. Glimpsing the Empire State as we neared 34th Street was a particular thrill – it's corny, I know, but it is such an art deco icon that seeing it for real meant a lot more than I'd expected. Times Square was, as it should be, heaving and I left the girls shopping for Korean pop culture to take a stroll down 42nd Street. Again, a lot of scaffolding detracted from some of the atmosphere and I felt a bit of a fraud tackling it in daylight when the neon competed with the strong sun, but still the essence of one of the world's most theatrical streets shone through and the sight of Sardi's restaurant in particular brought back all those tales of late night suppers for theatre folk. Reunited, and starving, we broke away from Broadway, pausing only to take in the Brill Building (another one under refurbishment at ground level – there's a lot going on this summer) and dove away across 6th Avenue in search of something to eat not primarily aimed at tourists. 8th Avenue came up trumps with a lovely independent bakery selling bagels, and we sat contemplating the scene outside, now with a relaxed just-off-Broadway vibe but not long ago the boundary of the notorious Hell's Kitchen.
Lunch over, we plunged across the road and through the heart of Hell's Kitchen to reach the USS Intrepid aircraft carrier, veteran of World War II, Korea, Vietnam and the space race, having plucked astronauts from the water on their return to earth. With such a big space to fill, and lots of hardware filling it, it's easy to get completely distracted by the big stuff, but the individual stories paint a fascinating picture of the real lives of American sailors over three climactic decades, and the displays don't shy away from reflecting what ordinary men, many of them from fairly deprived backgrounds, felt about their country's involvement in conflict in South East Asia. Particularly moving, too, was the footage of a kamikaze attack on the Enterprise, especially when one could step immediately out onto the very area of the ship where the attackers struck and see the site of the gun turret destroyed along with its crew striving to the last to bring the enemy down. Naval history and our taste in classic 70s movies came together with a book on the USS Indianapolis, the inspiration for the backstory of Robert Shaw's character in Jaws which has subsequently turned up amongst my birthday presents!
The Actors Studio
Getting pretty exhausted in the heat, we made our way back across Broadway, stopping to take in rows of beautifully-restored brownstones surrounding the home since 1955 of the Actors' Studio and to imagine the dozens of familiar screen faces who would have climbed its front steps to study under Lee Strasberg. On a similarly cultural note, we took a walk along 44th Street in order to call into the Algonquin Hotel, home of the famous round table frequented by the likes of Dorothy Parker, Harpo Marx, James Thurber and Alexander Wollcott. I've idolised those writers for years (not that any of their style has rubbed off, I hasten to admit), and though the table now sits in pride of place in the wood-panelled main lounge, set off by subdued lighting and a painting behind it, I couldn't quite believe that I was surreptitiously touching the same wood on which so many of my literary heroes had eaten and, more frequently, drunk. I'm not sure how one would bring it to life – a bunch of actors/re-enactors, n
Just waiting for Dorothy Parker to arrive for lunch at the Algonquin
o matter how well-scripted and earnest would, I suspect, just Disney-fy this hallowed corner. Perhaps the only way to recapture the magic would be to surround oneself with a bunch of bitingly witty close friends, fill them full of cocktails, clear the rest of the room and set them loose – and if I ever win the lottery, I'll let you know if that works!
Having mastered the Williamsburg Bridge early in our stay, it made the ideal route to the following day's headline destination, the Tenement Museum just off Delancy Street in the Lower East Side. The Museum came with glowing recommendations from others who'd visited Manhattan recently, and we were keen to build it in early enough in our stay to allow a return visit if we liked it. And we did. The Museum's premise is strong enough in its own right, telling the story of New York through the waves of immigrants who have given the city its unique culture and character, but it enjoys a home that few museums of its kind could ever hope to achieve. It comprises two buildings, one with a visitor centre and bookshop at ground floor level but otherwise both boasting interiors largely unchanged for decades. The first available tour on the day of our visit was in the later addition to the museum's estate and focussed on post-war arrivals to the city through the stories of three families who had occupied an apartment in the building. (Sorry, no photography allowed, so you get a selection of NY street scenes instead…)
The first was a Jewish couple who had both survived the horrors of Auschwitz and escaped the disruption of post war Europe to build a new life in America. As with many of the museum's featured families, the story had been built up through the personal memories of the couple's children who had not only suggested, and even provided, particular artefacts to bring their era to life but had also recorded their reminiscences to be played back through carefully contrived systems hidden in everyday household objects. Thus, aside from the household clutter that would have prevented visitors from moving around, we were given a vivid insight into the lives of two girls growing up as American children of parents still immersed in their Jewish heritage while sitting in the apartment as they'd have known it. As Europeans already all too aware of the realities of WWII (not all Glen Miller, cool uniforms and Lindyhop, despite what the vintage scene would have us believe), it was fascinating and poignant to learn, almost at first hand, what happened to those who survived the holocaust.
The next family story struck even closer to our particular interests, focussing on a young Puerto Rican mother who arrived in New York with her two small sons in the early 1950s. If she had been slightly younger, or the boys slightly older, this would have been the cast of West Side Story (which, as has been pointed out, would have been called East Side Story if it had been produced when it was written before the Puerto Rican community shifted to the upper West Side), but their story was all the more captivating for avoiding a Broadway cliché. Despite having seen the film a dozen times, and thrown myself around the stage as a Shark, I'd never really taken on board how great the impact was of thousands of Spanish speakers arriving in a concentrated area of New York within just a few years, and struggling to integrate whilst maintaining their own cultural heritage. That part of the apartment was done out in pure early 60s aspirational kitsch, with a particularly deft touch of a photo of Mum, dolled up for the wedding of one of the boys and standing alongside her 1950s TV set laden with ornaments, displayed just above a carefully-sourced example of exactly the same model of TV and copies of the same ornaments. These people take their displays seriously!
The remainder of the apartment was given over to the story of a Chinese family who arrived in the 1970s and saw the East Side through to the departure of the garment industry that provided labour for many Chinese women, and its subsequent gentrification. In a departure from pure authenticity, an adjacent room had been done out to represent a small version of a typical garment sweatshop (a term, we learned, because the temperature and humidity was kept high to help the clothes hang straight, not just because of how hard the employees worked). It was stunning to hear that a relatively small area of New York was once the supplier of a huge percentage of the US' tailoring output, reminding us yet again that this small island was a massive centre of industry long before tourism took hold.
More from the East Side next time…
By Midcentury Clive|November 24th, 2019|Places to Visit|0 Comments