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GTC acquires Budapest office building (HU)

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GTC has decided to extend its Hungarian portfolio with the new development, the Vaci Greens D office building in Budapest. The transaction is partially financed from the green bonds issued in 2020 and is in line with the Group strategy to invest in a sustainable portfolio of commercial buildings located in the CEE capitals. Just a few weeks before the publication of the 2020 financial results, GTC demonstrates the Group’s strength as well as a unique ability to seize new opportunities during the challenging times of the COVID-19 pandemic. New acquisition, Vaci Greens building D offers 16,027m² of modern space that meets tenants’ highest convenience standards during daily work with all necessary amenities present including an attractive terrace area, various retail units such as restaurants or fashion brands as well as 246 parking spaces. Some funds for the purchase came from the issuance of green bonds. The building fits into GTC’s sustainable portfolio of green developments that ensure tenants’ health and well-being. The Vaci Greens D office building complies with the BREEAM requirements, achieving the “Excellent” certification in its design. The acquisition will be partially financed from green bonds issued at the end of 2020.

 

“Last year we have sold one of our long-lasting assets, Spiral office building. Seeking new opportunities on the market, we decided to acquire Váci Greens D located in Budapest, which fits our portfolio and meets our requirements in terms of modern and sustainable A-class projects. We consequently continue our strategy, offering our tenants the highest standards that now in the pandemic are needed more than ever before,” commented Yovav?Carmi, President of the Management Board of GTC.

 

The property is a part of the larger office complex located in the “office corridor” of Budapest. It distinguishes with excellent communication links by metro and the major artery of Vaci ut. The office building is almost fully occupied with reputable prime tenants including Unilever, AVON, and Ford.

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Orange warning in place for five counties on west coast

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Violent storm force 11 winds are expected off the west coast as Storm Barra approaches on Tuesday morning.

Met Éireann has upgraded its marine weather warning to red, the highest category, on Irish coastal waters from Galway Bay to Bantry Bay from 3am on Tuesday morning to 11pm tomorrow night.

A status orange warning is in place on land for the counties of Galway, Clare, Limerick, Kerry and Cork from 6am on Tuesday morning until the same time on Wednesday morning.

Counties included in orange warning could see damaging gusts of up to 130km/h which will head to high waves, high tides, heavy rain and storm surge.

The rest of the country will be under a status yellow warning for the same period with the possibility of localised flooding.

Met Éireann head of forecasting Evelyn Cusack told Newstalk Breakfast that the storm system is developing rapidly over the Atlantic at present and will hit Ireland’s western seaboard on Tuesday with strong gale force winds which will quickly extend across the country.

There will be heavy rain turning to sleet and snow on higher ground, she warned.

Met Éireann will meet with gardaí, local authorities and emergency services this morning to update the progress of the storm and provide advice on what precautionary measures should be taken.

“It will be a pretty horrid day,” added Ms Cusack who advised against cycling.

The high winds and heavy rain will continue throughout Wednesday but they will have moved on by Thursday.

On RTÉ radio’s Morning Ireland, senior meteorologist Liz Walsh warned that trees could be knocked down during the high winds. She also advised that outdoor street furniture should be taken in or tied down and cautioned that Christmas decorations could be damaged.

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Coronavirus rules for driving tests spark complaints

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Claims of rude testers, of not being allowed to cough and having to drive with windows open due to Covid-19 were among the complaints received from people who failed driving tests recently.

The Road Safety Authority (RSA), which oversees driving tests nationally, released a sample of the 1,505 complaints received since the start of last year under the Freedom of Information Act.

New figures show the driving test centre in Cork had the highest pass rate with 75 per cent of people passing, while the lowest was Charlestown in Dublin with a 42 per cent pass rate.

One person complained he had told his tester he had asthma and might need to cough because he had recently changed inhalers, causing irritation to his throat.

“I was advised that if I coughed at any stage, the test would be over immediately. This was difficult to control while under exam pressure and added a huge amount of unnecessary stress and pressure,” the individual complained.

Another individual complained their tester said if their face mask slipped “a little bit from my nose” while driving, the test would be ended.

“I’m in shock how he treated me that day,” said the complainant.

Another learner driver who failed said their car was hot and “very uncomfortable” because the tester said the hot air de-misters had to be kept on to prevent the windows fogging up because the back windows had to be kept open due to Covid-19.

One complainant said the tester seemed to have prejudged the test when they spotted a small stain on the driver’s seat as the car was supposed to be “spotless”.

‘Anxious’

“The tester was clearly taking it too far. I was complying with all Covid precautions as I had just Hoovered and sanitised the car and it was simply a mark on the seat.”

There were general complaints beyond Covid-19 issues. One person complained about feeling “anxious” because the tester was “sitting there shaking his head”.

Another said their tester repeatedly shook his head and sighed several times, and then made notes on the score sheet, which was “extremely off-putting and really unfair”.

Another driver said the tester was “extremely condescending and patronising” and mocked their answer to a signpost theory question about an “unguarded cliff edge”.

“We don’t drive along cliff edges in this country,” the tester was quoted as saying.

The RSA has been dealing with a backlog of driving tests due to the pandemic.

The centres with the next highest pass rates were Clifden (71 per cent), Killester in Dublin (70 per cent), Birr, Co Offaly (70 per cent) and Cavan (69 per cent).

The test centres with the next lowest pass rates were Dublin’s Churchtown, since closed (44 per cent), Nenagh, Co Tipperary (44 per cent) and Mulhuddart (45 per cent) and Raheny (46 per cent), both in Dublin.


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Former US presidential candidate Bob Dole dies aged 98

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Bob Dole, the long-time Kansas senator who was the Republican nominee for president in 1996, has died from lung cancer. In a statement, the Elizabeth Dole Foundation, founded by Dole’s wife, said: “It is with heavy hearts we announced that Senator Robert Joseph Dole died earlier this morning in his sleep. At his death at age 98 he had served the United States of America faithfully for 79 years.”

In late February, Dole announced that he had advanced lung cancer and would begin treatment. Visiting him, President Joe Biden called Dole his “close friend”.

On Sunday the House speaker, Nancy Pelosi, like Biden a Democrat, ordered flags at the Capitol to be flown at half-staff.

Born in Russell, Kansas in 1923, Dole served in the US infantry in the second world war, suffering serious wounds in Italy and winning a medal for bravery.

His wounds cost him use of his right arm but he entered state politics and soon became a longtime Republican power-broker, representing Kansas in the US House of Representatives from 1961 to 1969 and in the Senate until 1996. He had spells as chairman of the Republican National Committee and as Senate minority and majority leader.

In 1976 he was the Republican nominee for vice-president to Gerald Ford, in an election the sitting president lost to Jimmy Carter. Two decades later, aged 73, Dole won the nod to take on Bill Clinton.

Against the backdrop of a booming economy, the Democrat won a second term with ease, by 379 – 159 in the electoral college and by nine points in the popular vote, the third-party candidate Ross Perot costing Dole support on the right.

Dole received both the Presidential Medal of Freedom and the Congressional Gold Medal, the highest US civilian honours.

In the Trump years and after, Dole came widely to be seen as a figure from another time in Republican politics.

On Sunday, the political consultant Tara Setmeyer, a member of the anti-Trump Lincoln Project, tweeted: “I cast my first ever vote for president for Bob Dole in 1996. A war hero with a sharp sense of humor ? another piece of a once respectable GOP gone.”

However, Dole remained a loyal Republican soldier, telling USA Today this summer that though Donald Trump “lost the election, and I regret that he did, but they did”, and though he himself was “sort of Trumped out”, he still considered himself “a Trumper”.

Dole called Biden “a great, kind, upstanding, decent person”, though he said he leaned too far left.

He also said: “I do believe [America has]lost something. I can’t get my hand on it, but we’re just not quite where we should be, as the greatest democracy in the world. And I don’t know how you correct it, but I keep hoping that there will be a change in my lifetime.”

On Sunday, Jaime Harrison, the chair of the Democratic National Committee, said: “Sending heartfelt condolences and prayers to the family of Senator Bob Dole. We honor his service and dedication to the nation. May he Rest In Peace.”

– Guardian

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