AREC 2019: How a broken toilet seat landed James Packer’s $70m property deal


first_imgMedia mogul James Packer and Erica Baxter after a swim at the “Eden Roc” hotel in Cap d’Antibes on the French Riviera, in 2007. AFP PicValery/Hache“She said she liked it but wanted her friend to come through,” Mr Pallier said.“He (Packer) turned up in a Range Rover and was taller than I expected.“I wasn’t intimidated, he was just really tall. He said the house was beautiful and offered the asking price but Erica tapped him on the shoulder and he then said he didn’t know the market well and wanted to get another friend to have a look.“I then got a call saying Erika and James wanted to sign the contract before flying to London so I ran out of the office.“The plane was about to take off. I didn’t realise until then that it was his plane.”More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours agoMr Pallier said the contract was signed and then sometime later he received a frantic phonecall from Erica’s personal assistant. First homebuyer interest spikes as interest rate cut looms Mr Pallier personally fixed a broken toilet at Erica’s house and then later landed the listing, and sale, of James Packer’s Vaucluse mansionThe toilet seat was cracked and there was a house party within hours.“They asked if I could fix the toilet seat so I went over, tore of the seat, went to Bunnings and fixed the toilet seat,” he said.“A few years later, they then bought in Vaucluse. The friend (who Packer had called to check out the earlier property) called and said they had appreciated that I had fixed the toilet seat and that they wanted me to sell the big $70 million house.”Mr Pallier said every agent should “do the very best you can” and remember that real estate is a “people business”.He said he spends only one or two days a month in the office, instead working from his black Lexus.But even that has its pitfalls.“I wear a tie and am always on the phone so people think I am an Uber driver,” he said.“This guy Luke Mangan, the top chef, came out of the restaurant with his wife, opened the back door of my car and gave me an address.“It was nearby and I just thought it wasn’t worth explaining (that he was not an Uber driver).“To this day I don’t know if he realises I am not an Uber driver.” “Sometimes its out of your control and you have to move on.“I wake up every day and I must drive my wife crazy. I wake up, give her a big cuddle, we look out and look at the weather.“I am from Woolllongong and my wife is from China so we just look at each other and think, how lucky we are we?“You have to have a goal, a road map of where you want to get to, you have to keep learning and you have have to be accountable.” Market locks in historic rate cut AREC 2019It was when a customer mentioned that he had received better service buying a Rolls Royce than he did selling his house that a light bulb went on for Mr Pallier, who made the decision to move in to property sales.He went to work in Sydney’s eastern suburbs, the epicentre for high end sales and mega mansions.“I never doorknock, I never cold call,” he said. “That first three months, I did no prospecting.“I went to other agents open houses and learned about the market.”But it was a young woman interested in a $4 million house in Vaucluse that cemented Mr Pallier’s position in prestige property.Her name was Erica Baxter, the then girlfriend of James Packer, and soon-to-be wife. The couple have since divorced. Prominent agent Michael Pallier and his wife LuLu Sun who deal with lots of Chinese buyers.center_img Michael Pallier is a prestige agent, not an Uber driver.But being a people person has paid off for the unassuming agent from the eastern suburbs.He said the commission on the Packer property was $1.23 million, split between himself and a co-agent.“$660,000 was my share. That was my biggest week,” he said.Mr Pallier’s key message was that consistency was the key to success, and to keep moving forward.“It is horses for courses. Your personality may not match someone else, but you just have to get your fair share,” he said. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 Michael Pallier, Sydney Sotheby’s International Realty managing director.Speaking at AREC 2019, he told the crowd that he worked in the ‘experimental department’ where he learned of plans for a vehicle that didn’t require servicing.“I wanted to be a mechanic but then I realised that my job might go,” he said. “And I was pushed in to sales.” Baby boomer ‘house party’ goes off in luxury Hamptons twin set James Packer’s house on Vaucluse Rd, Vaucluse.PRESTIGE property agent Michael Pallier started out as a mechanic at Rolls Royce, and used to commute by train from his home in Woolloongong.His day would start at 5am, and he would get in to the workshop early so that he could clean the tools for the more senior mechanics.He became the NSW Apprentice of the Year, and moved to England to work for the luxury car maker. MORE REAL ESTATE NEWS: ‘Spelling Manor’ discount aims to leave buyers Charmedlast_img read more

Seanergy Concludes Refinancing of Bulker Championship


first_imgGreek dry bulk shipping Seanergy Maritime Holdings Corp. has concluded the refinancing of the 2011-built Capesize M/V Championship through a leasing agreement with Cargill International SA.The refinancing has released approximately USD 7.8 million of liquidity for the company.Pursuant to the agreement, the company has chartered back the vessel on a bareboat basis and subsequently entered it into a five-year time charter with Cargill at a rate which is linked to the 5-routes time charter average of the Baltic Exchange Capesize Index (BCI).Cargill will also cover 100% of the equipment and installation cost for retrofitting the vessel with an exhaust gas cleaning system.As part of the transaction, the company has issued 1,800,000 common shares to Cargill.As informed, the transaction is part of the company’s scrubber installation and time-charter program announced in October 2018. The company plans to equip five of its Capesize bulkers with scrubbers before the January 1, 2020 implementation date of the International Maritime Organization (IMO) sulfur emission cap regulation.last_img read more

ICC World Cup ICC Cricket World Cup 2019: England, South Africa and their opening game fortunes


first_imghighlights New Delhi: After four years, the ICC Cricket World Cup returns and it is back at the ‘home of cricket’. England and South Africa will start off the tournament in the opening game at The Oval. For England, this will not be the first time where they will feature in the opening game of the Cricket World Cup. For South Africa, this will only be their second time that they have featured in the opening game of this quadrennial event. How did England and South Africa fare in when they played on the very first day of the World Cup? The answer is contrasting, with South Africa, in particular, tasting a heartbreaking loss while England has dominated.The first game of the World Cup involved England and India at Lord’s and the hosts made a great start with Dennis Amiss smashing 137. However, the match was remembered for Sunil Gavaskar’s 174-ball 36 and England won by a massive margin of 202 runs. In 1979, England was once involved on the opening day of the tournament and they registered a comfortable six-wicket win against Australia. The winning run continued in the 1983 World Cup when they took on New Zealand at The Oval, winning by 106 runs with Allan Lamb hitting a century. England has lost just once in the ICC Cricket World Cup opening day encounter.South Africa have lost once when they played West Indies in 2003 World Cup.England is hosting the World Cup for the first time since 1999. England played the second match on the opening day of the 1992 World Cup when they took on India in Perth. Robin Smith’s 91 and Dermott Reeve’s 3/38 helped them beat India by nine runs. In the 1999 World Cup opener at Lord’s, England was boosted by a knock of 88 from Alec Stewart and Alan Mullally’s 4/37 to help them beat defending champions Sri Lanka by eight wickets. In the 2015 ICC Cricket World Cup, England took on Australia in Melbourne but they tasted defeat. Aaron Finch blasted 135 and Glenn Maxwell smashed 66 off 40 balls.Steve Finn took a hat-trick and ended with 5/71 but Australia registered 342/9. In response, Mitchell Marsh took 5/33 and England lost by 111 runs, their first loss ever in the opening game of the tournament.For South Africa, they featured in the opening game of the World Cup only once and it was when they hosted the tournament in 2003. South Africa took on West Indies in Newlands, Cape Town and chose to bowl. They had reduced the West Indies to 67/2 in 25 overs. Brian Lara, though, had other ideas and he blazed away to a brilliant century. Carl Hooper’s run-a-ball 40 and an 18-ball 40 from Ricardo Powell helped West Indies reach 278/5. South Africa was docked one over due to their slow over-rate but in response, Gary Kirsten smashed 69 and Mark Boucher put South Africa on course with 49.However, it was Lance Klusener’s knock that stole the show. The left-hander regularly cleared the boundaries and his 57, which included five sixes helped South Africa near the target but West Indies held their nerve and won by three runs. The one over which was taken away proved to be costly for South Africa. How will both England and South Africa fare this time in the 2019 ICC Cricket World Cup? For all the Latest Sports News News, ICC World Cup News, Download News Nation Android and iOS Mobile Apps.last_img read more

WLAX : Orange looks for 5th straight home victory in matchup with rival Big Red


first_img Published on April 25, 2011 at 12:00 pm Comments Gary Gait said Cornell is playing for respect. The Big Red has not had a strong season, struggling even more than Syracuse, but the upstate New York rivals are not to be discounted in the SU head coach’s mind.The unranked Big Red has a 5-7 record. Syracuse (7-7) has spent all but two weeks this season in the Top 25. Cornell lost at home to a Rutgers team that Syracuse beat on the road. Syracuse has played one of the hardest schedules in the nation this season. Cornell hasn’t.But Gait expects Cornell to come to the Carrier Dome and give the Orange a run for its money.‘They’re always going to play us tough,’ Gait said. ‘The last two years they haven’t been in the Top 10 or anything like that, but they’ve been tough to us. They show up. It’s an upstate rivalry, and I think they always play for respect.’Despite Tuesday’s matchup with Cornell being a single nonconference game amid a run of eight Big East matchups, Syracuse expects the Big Red to maintain or even escalate the level of play the Orange has been facing. Five of Cornell’s players went to high school in the greater Syracuse area, creating a local rivalry between the two squads.AdvertisementThis is placeholder textSyracuse has won its past four home games and is looking to continue its hot streak against the Big Red as the season enters the final stretch. SU is coming off a win Saturday against a Cincinnati team winless in Big East play. While the game was important for SU’s conference record — and also clinched a Big East tournament berth for the Orange — it was somewhat of a prelude to the Cornell matchup.Saturday’s game gave Syracuse a chance to experiment and work out the kinks. It fostered confidence. Even if that confidence will be tested by Cornell.‘You feel good,’ Gait said. ‘Everybody feels happy, but you’ve got to stay focused and mentally tough because you’re going to have a much bigger challenge coming Tuesday.’Although the Cornell matchup has no bearing on Syracuse’s playoff chances, senior attack Tee Ladouceur said the players do not think of the game any differently. Fellow attack Michelle Tumolo said any game can indirectly affect the playoffs.‘Every game’s a game,’ Tumolo said. ‘It’s just a step to getting better.’As has been the case for much of the season, Syracuse’s main focus will be on winning draw controls. The team struggled with winning the draw for much of the season.Cornell’s strengths lie in its offense. Syracuse will watch out for some leadership in the attack, specifically from the captain, Libby Johnson. Defender Janelle Stegeland said after watching film of the Big Red, the defense is preparing for some of its specific offensive plays.‘They’ve got a great crease play,’ Stegeland said. ‘We watched film this morning, and we see them running that a lot. So I think we’ll definitely be focusing on that.’But for a Syracuse team that is 2-6 in nonconference games, Cornell will provide a final chance to improve its record outside the Big East. This will also be the last game the seniors play at home, although Senior Night took place Saturday.Last year, Syracuse traveled to Cornell and won 7-6, thanks to a save by goalie Liz Hogan as time expired. Going into that game, Syracuse had a record of 9-4 while Cornell was just 7-5.So this year, SU looks at the matchup with Cornell as only a rivalry game once again. It goes beyond numbers, meaning the Big Red’s subpar season doesn’t mean a thing.‘Regardless of what either team’s records say, it’s going to be a good game, a hard-fought game,’ Hogan said. ‘We’re going to need to come out strong and play them well.’[email protected]center_img Facebook Twitter Google+last_img read more

Football: Corey Clement to miss 4-6 weeks


first_imgCorey Clement’s supposed breakout season is going to wait at least another month to take off.University of Wisconsin head coach Paul Chryst announced Thursday afternoon that Clement will undergo surgery to repair a sports hernia. The junior running back is expected to be out for the next 4-6 weeks.“Corey has been dealing with some issues since the Alabama game,” Chryst said in a statement. “He has been undergoing treatment since that time and has seen some progress but not to the point our medical staff is satisfied. So after consultation with our medical staff, Corey has decided to have surgery.”For the last week, Clement had been targeting the Big Ten opener against Iowa on Oct. 3 for his return from a groin injury that hampered him in the beginning of the season.Even this week, coaches and teammates believed there was a chance he would play Saturday and expected him back for Iowa.Football: Clement to be evaluated Thursday, could possibly return SaturdayFor junior running back Corey Clement, there are still plenty of question marks surrounding his availability for Saturday’s matchup against Read…Chryst said he sympathizes with Clement and believes he will make a return at full health later this season.“I feel bad for Corey that this is impacting his season because I know how hard he works and how important this football team is to him,” Chryst said in the statement. “We are very confident that he will make a full recovery after the surgery and I know he will attack his rehab so he can get back on the field as soon as he can.”Clement, speaking to the media Thursday afternoon shortly after the announcement of the surgery, said he’s “at peace” with his decision.The pain started before the Alabama game, Clement said, but he felt like he had something to prove and withheld that information from his teammates and the coaching staff leading up to the game.It’s something he regrets now.“Me being so hard-headed, I just tried doing what I could do and show my teammates,” Clement said. “I should’ve been smart and played it safe and sat out and had the surgery way before this.”Clement said he’s not sure whether it’s been a sports hernia the entire time or whether it has developed recently, but he expressed relief that the medical staff has finally gotten to the root of the problem.The pain never got better every morning when he would wake up, Clement said, and he couldn’t kick it into his “fourth gear” and open up his strides.“That’s when I knew something was wrong,” he said.All of a sudden, redshirting becomes a real possibility to Clement, although those were never his intentions, he said. He’ll make that decision in the forthcoming weeks based on his rehab process and how the team is performing on the field.“If my team keeps winning out throughout the Big Ten, and I’m able to come back, then I think there will be a strong possibility I will come back,” Clement said. “Gotta be smart with that. If the chances are unlikely for us to get back to the Big Ten Championship [game], then I might have to tone it down.”As a third-stringer his freshman season behind James White and Melvin Gordon, Clement rushed for 547 yards on just 67 attempts, averaging 8.2 yards per carry.Last season, as a sophomore, Clement rushed for 949 yards and nine touchdowns behind Gordon’s Heisman campaign.In this season’s opener against Alabama, Clement carried the ball just eight times for 16 yards.The Badgers will go forward without Clement Saturday, Sept. 26, against Hawaii at 7 p.m. They’ll then have to play Iowa, Nebraska, Purdue and Illinois without Clement in the backfield. In worst case scenario based on the 4-6 week diagnosis, Clement will be sidelined until November with only games against Maryland, Northwestern and Minnesota remaining.last_img read more