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MORE than 300 turned out for last night’s
VIP viewing and sales pitch for the under-
construction high-density Walkerville
apartment and hotel development called
Sales agents Ironfish told Indaily this
morning six contracts had been signed on
the spot with more expected today ahead of
the public release on Saturday.
Ironfish managing director Damon Nagle’s
opening speech focussed on the price point
as the difference between the Walkerville
offering and recent failed developments.
Last week 45 Park, just one kilometre away
on Park Terrace, Gilberton, was axed in its
current form after poor sales of apartments
in the seven to 10-storey development.
Developers said they would go back to the
drawing board and consider a lower density
Melbourne-based Asia pacific Building
Group, the developers of The Watson at
Walkerville, rolled out the red carpet for VIP
buyers that had registered on its internet
site in recent weeks.
Even the car park attendants wore suits.
The Baker Young Morning Report is being
prepared now. Check this page later for today’s
most up to date market information.
THE world’s biggest clothing group, Spain’s Inditex which
controls the Zara brand, has posted a record 2012 net profit
as strong sales abroad, especially in Asia, and a global
expansion offset belt-tightening by its domestic consumers.
The company said its 2012 net profit rose 22 per cent to 2.36
billion euros ($A3.00 billion) in the 12 months ending on
January 31 while sales were up 16 per cent to 15.9 billion euros.
Inditex, founded 40 years ago in Arteixo, Galicia, by
billionaire Amancio Ortega, the son of a railwayman,
reported a net opening of 482 stores during the period,
including 121 in China and its first outlets in Armenia,
Bosnia, Ecuador, Georgia and Macedonia.
The company, whose other brands include teen label
Bershka, higher-cost offering... REad MoRE
THE Dow Jones Industrial Average set a new record closing
for the seventh straight day this morning as US stocks
registered small gains.
The Dow added 5.22 points (0.04 per cent) at 14,455.28, also
its ninth straight day of gains.
The broad-based S&P 500 rose 2.04 (0.13 per cent) at 1,554.52,
while the tech-rich Nasdaq Composite edged up 2.80 (0.09
per cent) to 3,245.12.
Trade was slower as the overall market sought direction.
Stocks gained support from a report of stronger-than
expected retail sales in February, which grew 1.1 per cent
from January, though partly due to higher gasoline prices.
Trade was strong in software firms VMware and EMC, which
together announced an ambitious... REad MoRE
Seven up for Dow
Zara on a profit roll
Watson apartments pull a crowd
NEWSPAPER circulation has continued
to decline, latest figures show.
The decline reflects fragile consumer
confidence and the tough retail
environment, claims the industry body
established to promote newspapers,
The figures follows research released
this week showing varying levels of
take-up of digital platforms.
Monday to Saturday sales of national,
metropolitan and regional printed
newspapers dipped by... READ MORE
Paper sales and revenue in decline
HOLDEN will import a station wagon version of its
Cruze model to Australia in the next year.
A Chevrolet-badged version of the Cruze wagon will
go on display at a motor show in Geneva next month,
the company announced last night.
Cruze sedan and hatch models are... READ MORE
LINKEDIN is reporting a strong fourth quarter as the
online professional networking service added 14 million
members. Its net income and revenue beat Wall Street’s
The results announced this morning provided further
evidence of online networking’s... READ MORE
Cruze wagon to be imported
Online networking pays dividends
Unwanted freebies: Sunday Mail giveaways at Bunnings late
on a Sunday afternoon.
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Last night’s opening in Walkerville
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