How to live like a richlist developer on the Brisbane riverfront

first_imgPradella Property Ventures managing director David Pradella.THE middle of three brothers of richlist developer family, the Pradellas, has put his luxury inner-city penthouse up for rent.David Pradella, who is the managing director of Pradella Property Ventures, put his luxury West End penthouse apartment up for $1390 rent a week – a fine price considering it was built for entertaining and has sweeping river and cityscape views. 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.auDavid, who turns 60 next year, is the middle brother in the highly successful Pradella development family, sandwiched between Metroplex founder Silvio and younger brother Kim of Pradella Constructions and Developments. All three are chips off the old block – that block being father Cesare who started the Pradella legacy, creating among other buildings the Roma St Parkland apartment development. David – who has 15 properties under his own name – bought the 280sq m riverfront penthouse off his younger brother for $2.56m in 2009. 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.auThe four bedroom apartment has a gourmet kitchen kitted out with German appliances, plus a large walk-in pantry and wine fridge. It also has a media room, study, powder room for guests, separate laundry with private balcony, built in barbecue and he’s also thrown in appliances such as a coffee machine, dishwasher, washing machine and dryer.The complex has a heated 20 metre pool and wading area, private gym and theatrette, and is in the high-demand Brisbane State High school zone. Bond has been set at $5560 for the apartment, which has three garage spaces. It’s available for rent from August 25.center_img More from newsMould, age, not enough to stop 17 bidders fighting for this home2 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor2 hours ago40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.au 40/37 Duncan Street West End, QLD, 4101. Picture: Realestate.com.aulast_img read more

Royal Caribbean Continues with Record Earnings

first_imgMiami-based cruise major Royal Caribbean Cruises (RCL) has reported record third-quarter earnings despite negative headwinds. The cruise company’s US GAAP net income rose to USD 883.2 million in the quarter ended September 30, 2019, from USD 810.4 million seen in the corresponding period a year earlier. Total revenues stood at USD 3.2 billion in Q3 2019, against USD 2.8 billion posted in the same period last year.According to RCL, the net results include the negative impact of USD 27 million from itinerary disruptions and relief efforts related to Hurricane Dorian. As a precautionary measure, three main Florida embarkation ports closed during the hurricane, impacting the company’s sixteen sailings.“Our business continues to thrive and exceed our expectations,” Richard D. Fain, chairman and CEO of RCL, commented. “While Hurricane Dorian had a negative impact, stronger demand for our brands and our key itineraries exceeded our expectations. Excluding the hurricane impact, we are not only able to maintain our yield and earnings guidance, but to raise both slightly as a result of particularly strong performance in the US and China,” he added.Due to the negative effect from itinerary disruptions and relief efforts related to the hurricane, adjusted earnings for the full year are expected to be in the range of USD 9.50 to USD 9.55 per share. Additionally, the company expects a net yield increase of approximately 8.0% in constant-currency and approximately 6.75% as-reported. RCL noted that the booking strength has completely offset the negative yield impact related to Hurricane Dorian.“2019 is shaping up to be another year of solid yield growth and record earnings despite some unusual headwinds,”Jason T. Liberty, executive vice president and CFO, said.“As we enter 2020, we are particularly enthusiastic about the new ship deliveries, the development of new destinations, our fleet modernization and technology initiatives,” Liberty further said, explaining that the investments would enable the company to generate higher yields and better returns.Next year, RCL will welcome four new ships — Celebrity Apex which will debut in April, Odyssey of the Seas in the fall and Silver Moon and Silversea Origin during the summer.Royal Caribbean Cruises controls and operates four global brands — Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises. It is also a 50% joint venture owner of the German brand TUI Cruises and a 49% shareholder in the Spanish brand Pullmantur Cruceros. Together these brands operate a combined total of 63 ships with an additional 15 on order as of September 30, 2019.last_img read more