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Showing posts with label management. Show all posts
Showing posts with label management. Show all posts
Sunday, May 25, 2014
Tuesday, October 16, 2012
We are prepared for any emergency – LASEMA
Lagos State Emergency Management Agency on Tuesday said that it was prepared for any emergency arising from flooding in the state.
LASEMA General Manager, Dr. Femi Oke-Osanyintolu, gave the assurance in an interview with the News Agency of Nigeria in Lagos.
He said the state had scaled through the heavy rains without experiencing serious flooding, due to the early preparations and the measures put in place to combat it.
“We are prepared for emergencies as we’ve learnt from the past to prepare for the future.
“The agency has put in place adequate measures to reduce the incidence of flood.
“We have ensured continuous dredging of canals, construction of new primary, secondary and tertiary canals.
“Our preparedness has yielded results.
“Lagos State is not experiencing flooding, in spite of the fact that we are in the coastal region,” he said.
He said that LASEMA was working with engineers in all the 20 Local Government Areas and 37 Local Council Development Areas, to mitigate the effect of the flood.
Oke-Osanyintolu, however, advised Lagos residents to desist from blocking canals with refuse.
He asked them to contact the residential engineers at their respective local governments, for any flooding.
More Stories in News
Source : punchng[dot]com
Tuesday, October 9, 2012
MetLife builds third-party asset management
NEW YORK: Metlife Incorporated said Tuesday it will build an asset-management business for outside investors focusing on investments in real estate equity, commercial mortgages and debt private placement.
“Asset management is a capital-efficient business with attractive returns on equity,” Steven Goulart, MetLife’s chief investment officer, said in a statement, adding that, “The strong demand for high-quality private assets among institutional investors makes this an attractive time for market entry.”
MetLife, the largest United States life insurer, which manages some $500bn in general account assets for its policyholders, currently has a small third-party management business focusing on index funds, according to Reuters.
MetLife is reorganising its real estate and private placement groups to facilitate the expansion.
Global head of real estate investments, Robert Merck, will continue to run the group that has been renamed MetLife Real Estate Investors. It currently manages about $43bn of commercial mortgages and $10bn in direct real estate investments, assets that will be folded into the outside management business.
The new equity strategies group will be run by Mark Wilsmann, who has led MetLife’s commercial mortgage business since 2003.
The new debt strategies group, which will raise funds for real estate projects from institutional investors that include other insurance companies, pension plans and sovereign wealth funds, will be run by Brian Casey.
He has been heading MetLife’s Washington, D.C., real estate office.
The company, which says it is the largest life insurance lender, currently manages about $50bn of privately placed debt.
MetLife, which does not break out its individual portfolio investment returns, has no immediate plans to acquire asset-management companies.
“Right now our focus is building on the great strength we have in-house,” said Christopher Breslin, a company spokesman.
More Stories in International Business
Source : punchng[dot]com
Sunday, September 30, 2012
UK builder unveils management services company
Leading United Kingdom builder, Barratt, has announced that it is to launch an in-house management services company for London developments.
Called Barratt Residential Asset Management, the firm said it aims to ensure Barratt’s customer service is extended through the life of the company’s developments.
Barratt London is the first developer outside the retirement sector to launch an in-house management company and this builds on the company’s commitment to customer service which already includes Barratt’s unique five year warranty, according to propertywire.com.
The objective will be to give the company a competitive edge in large leasehold developments where the management of common areas and service charges can become an issue. It is structured not to be profitable in its own right.
More Stories in Homes & Property
Source : punchng[dot]com
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