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AIRTRAIN SCUTTLES DEBT
AIRTRAIN chairman Mike Pelly says the privately-owned company is ‘right forever’ after paying back $45 million debt a decade earlier than planned.
The external debt agreement was established in 2005 with forecasts to repay by 2020, but the airport railway company was able to increase payments due to higher revenues.
“I’m very pleased we’re debt-free because times... |
Property News
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COMMERCIAL GROWTH IN MT GRAVATT
A RAY White commercial property franchisee has given a vote of confidence in the area surrounding Upper Mount Gravatt, with a new 162sqm office on 2020 Logan Road.
The office is run by principals Deepen Khagram and Shamir Patel (pictured), who will cover a wide range of practice areas with particular focus on industrial and commercial property.
“We cut the premises back to the core shell... |
Export News
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TANTALISING TASTES IN SOUTH KOREA
WITH a free trade agreement between South Korea and Australia likely to be signed within the next two years, now is the time for Brisbane exporters to find their markets in a population of almost 50 million people. Brisbane Business News speaks with three companies about the reception of ‘brand Queensland’ in the Korean food industry, while a Trade Queensland officer gives insight... |
Market Report
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TAKING IT TO TORONTO
MANY of our clients come to us wanting to know how best to tap into particular overseas capital markets. The commercial drivers are varied, but the desire to lock into foreign markets often evolves from the development of a relationship with a cornerstone investor.
Frequently, this will determine the market of interest. As an example, a client with a major Chinese shareholder is likely to... |
Young Entrepreneur
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GETTING A GROOVE ON
JULIAN Mero opened the first Groove Train restaurant at Riverside more than two years ago and the business has since added another three Queensland locations with annual revenue of more than $13 million.
Culinary entrepreneur Julian Mero admits he’s ‘a bit obsessed’ with the restaurant he has spearheaded into the Queensland market from Melbourne.
“My wife says if... |
Leadership
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IT'S ALL ABOUT THE DOUGH
WHEN Eagle Boys founder Tom Potter withdrew from the pizza chain three years ago, he left behind 200 stores and annual revenue of around $100 million. Starting fresh with a new bakery business, he tells Brisbane Business News about managing franchisees, changing strategies and the best advisors.
Tom Potter's approach to his new business Crusty Devil Bakehouse speaks volumes about the... |
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