Spamdex - Spam Archive

Report spam

Send in your spam and get the offenders listed

Create a rule in outlook or simply forward the spam you receive to questions@spamdex.co.uk

Also in myequityoffice.com

Equity Office Daily Brief: February 15, 2017

Can't see content of this e-mail? Click HERE for browser version.
Daily Brief

February 15, 2017

  EquilityOffice

PRINT NEWS

 

Warner Center Portfolio Sells for $236 Million

San Fernando Valley Business Journal

 

Oaktree Capital Management LP in Los Angeles has bought five buildings within the Warner Center for about $236 million, according to commercial real estate database CoStar Group Inc. The investment firm paid just under $292 a square foot for the 14-acre property...

 


PSI Expands With Glendale Lease

San Fernando Valley Business Journal

 

Professional testing provider PSI Services of Burbank has leased space in Glendale for its new corporate headquarters, according to commercial real estate firm Avison Young. PSI has signed an 11-year deal to take nearly 23,600 square feet at 611 N. Brand Blvd....

 


Thousand Oaks Approves Mixed-Use Boulevard Project

San Fernando Valley Business Journal

 

A remnant of Thousand Oaks’ past will soon go the way much of its ranching history has – development. The former site of 69-year-old Lupe’s Mexican Restaurant on Thousand Oaks Boulevard opposite Erbes Road was approved Monday night by the Planning Commission...

 


Talking With Outgoing Convention Center Boss Bud Ovrom

Los Angeles Downtown News

 

The Los Angeles Convention Center has long been perceived as one of the city’s great white elephants — underachieving in revenue, but costly to run and out of date. That’s partly why Mayor Eric Garcetti hired Robert “Bud” Ovrom as the...

 



BLOG & ONLINE NEWS

 

Property in LA's Baldwin Hills / Crenshaw Area Sells for $13.3 Mil as Development Opportunity

RENTV.com

 

Stocker Plaza, a four-building, 78k sf office project in LA’s Baldwin Hills/Crenshaw District, was acquired for $13.33 mil by an investment group led by Sharp Capital and Cole Capital Group. The property, situated on 3.25 acres at 3731-3761 Stocker St,...

 


Middle Market Digest: Southwest

GlobeSt.com

 

Here’s a look at the latest deals, announcements and deals that you may have missed in Southern California, Nevada, Arizona and Utah. NEW & NOTABLE LOS ANGELES—iBorrow has promoted two employees to senior management. Lucas Allen has become the VP of Corporate Development...

 


California Needs More Middle-Class Jobs

GlobeSt.com

 

NAIOP Southern California has named its new executive board for 2017, and they are already getting to work at the issues impacting the Southern California real estate market. The chapter leadership, which has President Lance Ryan at the helm, recently went...

 


Looming Repeal of Affordable Care Act Shakes Up Otherwise Healthy Forecast for Healthcare Real Estate

REBusiness Online

 

In 2016, the national vacancy rate for medical office buildings hit an all-time low, net absorption rose to its highest mark since 2008, rents grew and investment activity remained strong. But despite last year’s strong performance, Colliers International’s 2017 Health Care Marketplace...

 

FULL TEXT


Warner Center Portfolio Sells for $236 Million

San Fernando Valley Business Journal

 

Oaktree Capital Management LP in Los Angeles has bought five buildings within the Warner Center for about $236 million, according to commercial real estate database CoStar Group Inc.

The investment firm paid just under $292 a square foot for the 14-acre property at 21271, 21281 and 21301 Burbank Blvd. and 5700 and 5820 Canoga Ave. from Hines Securities Inc., a real estate investment trust in Houston, Texas. Total square footage exceeds 808,000 square feet, according to CoStar.

Hines bought the portfolio in 2006 for $311 million, or nearly $385, a square foot.

-Carol Lawrence

PSI Expands With Glendale Lease

San Fernando Valley Business Journal

 

Professional testing provider PSI Services of Burbank has leased space in Glendale for its new corporate headquarters, according to commercial real estate firm Avison Young.

PSI has signed an 11-year deal to take nearly 23,600 square feet at 611 N. Brand Blvd. in the Glendale Center, said Avison Young. The Class A, 14-story tower totals about 399,000 square feet and PSI will occupy the full 10th floor, which has recently been renovated. The property has visibility from the 134 freeway and is close to retail and restaurants in the local main business area.

Jacob Bobek, a principal with Avison Young who brokered the deal on behalf of PSI, said PSI has outgrown the 17,300 square feet it currently occupies at 2950 N. Hollywood Way. Jones Lang LaSalle Inc. represented the building owner, LNR Partners Inc., according to Avison Young.

PSI provides licensing and certification tests, managerial assessments and pre-hire employment selection to corporations, federal and state government agencies, professional associations and certifying bodies.

In January, the company announced it bought Software Secure Inc., a testing firm for schools and higher education, while in December, PSI said it acquired Computer Assisted Testing Services, a testing services firm focused on the aviation industry. PSI’s clients include national retailer Target Corp., Department of Homeland Security and the U.S. Postal Service.

-Carol Lawrence

Thousand Oaks Approves Mixed-Use Boulevard Project

San Fernando Valley Business Journal

 

A remnant of Thousand Oaks’ past will soon go the way much of its ranching history has – development.

The former site of 69-year-old Lupe’s Mexican Restaurant on Thousand Oaks Boulevard opposite Erbes Road was approved Monday night by the Planning Commission to become a mixed-use apartment and commercial development.

It’s the first mixed-use project before the Planning Commission or City Council since the council adopted the Specific Plan in 2011, the commission report noted. All others were renovations or housing projects located off the boulevard.

The Daly Group Inc. of Westlake Village plans to build 36 apartments in two buildings and almost 5,000 square feet of commercial space, parking areas, common areas open to the public, dining sections and recreation amenities. The entire property, about 5 acres, includes the restaurant, a home and a hill. It sits atop a flood control channel across the front part. Only about 2.62 acres will be built on.

The plan describes a three-story triangular building fronting the boulevard with 2,580 square feet of ground-floor commercial space and five apartments on the two floors above. The second building would be L-shaped with three stories and wrap around the back of the property. That is planned to have 2,400 square feet of ground-floor commercial space and 31 apartments, some with live-work units that have a loft. The complex will also have a pool, a club/gym and fire pit.

Apartments are a mix of one- two- and three-bedroom units, ranging from 700 square feet to 1,500 square feet, including lofts.

The agency approved the project stating it was consistent with both the city’s General Plan and its Boulevard Specific Plan. That specific plan encourages mixed-use commercial and housing along the boulevard to motivate more walking and interactivity.

According to the city, the project does not have to be heard by the City Council because the developer requested using existing units when the Specific Plan was approved. But the Planning Commission decision could be appealed to the City Council.

-Carol Lawrence

Talking With Outgoing Convention Center Boss Bud Ovrom

Los Angeles Downtown News

 

The Los Angeles Convention Center has long been perceived as one of the city’s great white elephants — underachieving in revenue, but costly to run and out of date. That’s partly why Mayor Eric Garcetti hired Robert “Bud” Ovrom as the complex’s executive director in 2013.

It was a big shift for a man with a long, varied career in public service. Ovrom, 71, served as city manager of Burbank for 18 years before being tapped to be CEO of Los Angeles’ now-defunct Community Redevelopment Agency. Later he was a stabilizing and reform-minded general manager of a controversy-plagued city Department of Building and Safety.

The Convention Center has seen significant change during Ovrom’s tenure, including the city inking a deal with Anschutz Entertainment Group, which owns L.A. Live, to operate and maintain the complex, leading to record profits ($8.1 million last year) and a budget surplus. Ovrom also has overseen the development of a plan to expand and modernize the Convention Center.

Ovrom in January announced his retirement, with his last day scheduled for March 26, although he is already winding down day-to-day work. Los Angeles Downtown News spoke with him about a venue that he says must be a critical “economic engine” in years to come.

Los Angeles Downtown News: What was your diagnosis of the Convention Center in 2013? 

Bud Ovrom: When I got here, the plan was still to build the Farmers Field football stadium and include space for conventions in that project. You know, the minute Stan Kroenke bought his site in Inglewood, I knew we were dead. Shortly after, Garcetti and the City Council directed us to come up with a “Plan B” to fix the Convention Center without Farmers Field.

We analyzed the venue and found that one, it’s too small. San Francisco, Anaheim and San Diego have venues that are over a million square feet. We sat here at 870,000. Second, it didn’t have enough hotels around it. San Francisco has something like 19,000 rooms. We had less than 3,000. 

Q: In 2015 the city unveiled a design for a $350 million expansion of the Convention Center, but in 2016 started discussing a different development with a private company that would help finance the work. AEG has taken an interest. Where are we today?

A: I don’t think we’ll be building what was selected in the design competition. I think what’s going to happen is the city will work with AEG on how to make a renovation more cost-effective. It’s really important we view L.A. Live and the Convention Center as one big campus with synergy. AEG wouldn’t pay for it all. A public-private partnership is still backed by city money, and it will be a city venue. But the partnership allows for a much bigger bang for the buck. The plan could include retail, commercial space and more on top of the Convention Center expansion. 

Q: Why is the Convention Center important as a source of city revenue?

A: A football stadium hosts like 13 games a year. A convention center, on the other hand, is a year-round affair. We knew a bigger convention campus could be a bigger economic driver than a football stadium. Tourism is taken for granted in L.A., but it’s a consistent net-positive cash flow. These tourists come in, frequently on expense accounts, and blow their money on hotels, restaurants, attractions. Then they fly away and go home without using our paramedics or schools or parks. That’s huge. 

Q: What helped turn around profits in the last few years?

A: A lot of credit goes to AEG for its management of the center. They brought certain efficiencies on how they run parking and the food and beverage program. Also, the truth is that they do not pay their employees the salaries and benefits government employees have. 

Q: What is the biggest missing piece for the Convention Center’s long-term success?

A: We’ve made tremendous progress on hotels, but we set a goal of 8,000 hotel rooms open or under construction by 2020. We’re on a trajectory to get that, but even at 8,000 we’d be way behind other cities.

You can’t get conventions if you don’t have enough rooms. But you can’t get more rooms built without conventions. That’s why the city has gone out and provided financial incentives for hotel developers, because you have to break that cycle somehow. 

Q: What’s your advice for your successor?

A: Focus on the role of the Convention Center as an economic engine. Don’t think about the venue as a stand-alone thing you have to run — AEG should do the day-to-day operation. I had no Convention Center general management experience, after all.

-Eddie Kim

Property in LA's Baldwin Hills / Crenshaw Area Sells for $13.3 Mil as Development Opportunity

RENTV.com

 

Stocker Plaza, a four-building, 78k sf office project in LA’s Baldwin Hills/Crenshaw District, was acquired for $13.33 mil by an investment group led by Sharp Capital and Cole Capital Group. The property, situated on 3.25 acres at 3731-3761 Stocker St, consists of a large surface parking lot and four low-rise structures that currently house divisions of Los Angeles County, the City of Los Angeles and various other groups. It is adjacent to the Baldwin Hills Crenshaw Plaza. The seller, Stocker Plaza Associates LLC, was represented by Michael J. Dunn, president of Dunn Property Group. Richard Higgins, managing director with Charles Dunn Company, represented the buyer, Stocker Holdings LLC. The property is part of a larger acreage that Mr. Dunn’s grandfather, Charles J. Dunn, entitled and sold for the Archdiocese of Los Angeles to the developer that constructed the current improvements in the 1950s. “Stocker Plaza had a significant amount of investor interest as an office project and as a redevelopment opportunity,” said Dunn. “The anticipated opening of the Crenshaw/LAX light rail line and other developments in the area created investor interest from a variety of buyers.”

-Staff

 

Middle Market Digest: Southwest

GlobeSt.com

 

Here’s a look at the latest deals, announcements and deals that you may have missed in Southern California, Nevada, Arizona and Utah.

NEW & NOTABLE

LOS ANGELES—iBorrow has promoted two employees to senior management. Lucas Allen has become the VP of Corporate Development and Will McCabe will serve as VP of Loan Originations. Previously, Allen was iBorrow’s Director of Loan Originations and McCabe served as Loan Coordinator/Investment Associate. In his new role as Vice President of Corporate Development, Allen will be responsible for identifying lending verticals, and devising and implementing related marketing strategies for iBorrow nationwide. He has extensive experience developing prospective relationships to secure deal flow, pricing loan opportunities based on the market and area, and identifying appropriate borrowers given iBorrow’s core lending criteria. McCabe will work closely with iBorrow’s borrowers to develop and structure loans based on borrowers needs and objectives, with a focus on originating CRE bridge loans that conform to iBorrow’s standards and requirements. McCabe, who has been working closely with Allen for two years, will assume Allen’s responsibilities and will work closely with Allen during a transitional period

ONTARIO, CA—Marcus & Millichap has promoted several team members in its Ontario office to the position of SVP of investments. The promotions include Reza Ghaffari, Drew Wetherholt, Chuck Shillington, Douglas McCauley and Cody Cannon. Prior to these promotions, each served as first VP of investments.

DEALTRACKER

IRVINE, CA—Goodman Group has preleased one million square feet of logistics space to Amazon at Goodman Commerce Center Eastvale, California. Goodman will construct an additional one million-square-foot logistics center at the industrial center, and Amazon is scheduled to take occupancy of the new facility in 2018. The 205 acre mixed-use development, located directly off the Cantu-Galleano Ranch Road Exit on the I-15, will offer a variety of space options, including distribution, business park, retail and medical.

SALT LAKE CITY, UT—Westcore Properties has acquired an 87,122-square-foot industrial property in Salt Lake City, Utah from Los Angeles-based BH Properties for $7.15 million. The acquisition marks Westcore’s entry into the Salt Lake City marketplace. Located at 4745 Amelia Earhart Drive, the one-story industrial building with cold storage is 100 percent occupied by Criminelli Fine Meats and GE Healthcare. Bryce Blanchard of Newmark Grubb ACRES represented the buyer and seller in this transaction.

IRVINE, CA—Western States Technologies Inc. has signed a four-year, 26,000-square-foot lease valued at $1.5 million with Parcel Pending the electronic package management company. Parcel Pending provides electronic package lockers for the multifamily industry. Apartment and condominium residents can ship their online purchases to a secured locker at their community and retrieve them with PIN codes unique to each package. The tenant will occupy 100 percent of the space at 1 Vanderbilt and use it for its corporate headquarters. The building is located in the Irvine Spectrum with convenient access to all major freeways and transportation corridors in Orange County.

LAS VEGAS—Agora Realty and Management has announced the acquisition of a 100,856-square-foot grocery-anchored shopping center located on 9.26 acres in Las Vegas. Agora acquired the 71% occupied property for $10.2 million from its owner.  The property sits at a high traffic intersection at 1941 N. Decatur Blvd. Anchored by Smart & Final the center is also home to Carl’s Jr., Little Caesers Pizza, and Cricket Wireless. Agora is currently under contract with Metro PCS to occupy 1,229 square feet of space. Agora had been looking to expand its presence in Las Vegas based on its success with Fiesta Plaza, a 200,000-square-foot grocery-anchored retail shopping center in North Las Vegas. Agora acquired that center at 55 percent occupied. Since its mid-2016 acquisition, the firm has successfully leased more than 125,000 square feet of space, adding La Bonita Supermarket, Conn’s HomePlus and another major national soft good retailer.

-Kelsi Maree Borland

California Needs More Middle-Class Jobs

GlobeSt.com

 

NAIOP Southern California has named its new executive board for 2017, and they are already getting to work at the issues impacting the Southern California real estate market. The chapter leadership, which has President Lance Ryan at the helm, recently went to Washington DC to meet with legislators about the issues that are impacting the market, namely the need for more middle-class jobs in California. To find out  more about their meeting and the chapter’s plans for the year, we sat down with Lance for an exclusive interview.

GlobeSt.com: What is the greatest challenge to CRE in SoCal this year?

Ryan Lance: There is a major challenge that at the macro level touches all areas of our lives, the economy and impacts everyone’s future. It’s the lack of middle-class jobs in California. In Los Angeles and Orange counties and the Inland Empire, 2.9 million people live below the federal poverty line. Although there has been a lot of positive data in the media on California job growth, that growth has largely been in low paying jobs, not middle-class jobs. We have not yet seen a return of the middle-class jobs that were lost in the last recession.

GlobeSt.com: How is NAIOP SoCal working to address this for the industry?

Lance: Our chapter leadership just returned from DC where we spent time talking to legislators about the issues impacting commercial real estate. Some of those discussions included strategies to bring middle class jobs back to California. At the federal, state and local level, we need a serious, realistic discussion about how to remove barriers to job growth, and incentivize the development of middle class jobs.  One of the ways we’re addressing this is through our efforts for CEQA reform, where unintended costs and unnecessary delays in completing important projects negatively impact the ability to provide needed jobs and community benefits.

GlobeSt.com: What are the biggest legislative challenges in store for the industry this year?

Lance: There are many legislative challenges to our industry but two in particular stand out. As stated above, CEQA reform is a major priority for our industry and our chapter’s Legislative Affairs Committee. It needs to be reformed because it can indefinitely delay good projects for reasons that have nothing to do with protecting the environment.  Another priority is defeating any Split Roll Legislation/Resolutions.  Our chapter is planning to take the necessary efforts to prepare for a 2018 statewide ballot initiative.

GlobeSt.com: What does the Chapter envision for the next generation of young leaders, especially based on its commitment to fostering YPG and other outreach?

Lance: We have a very strong commitment to fostering young leaders. Our Young Professionals Group (YPG) was launched about 11 years ago and its alumni now number more than 400. These are the industry’s future leaders. For this reason, NAIOP SoCal and YPG are working to build well-rounded professionals that know they have a support system in place. It’s a safe environment to ask questions and make connections that may very well last a lifetime. Along with YPG we’ve been funding an annual $7,500 fellowship through the Center for Real Estate at the University of California, Irvine  and this year we’ll celebrate two decades of our annual USC versus UCLA Real Estate Challenge where real estate graduate student teams compete on evaluating potential development projects.

-Kelsi Maree Borland

Looming Repeal of Affordable Care Act Shakes Up Otherwise Healthy Forecast for Healthcare Real Estate

REBusiness Online

 

In 2016, the national vacancy rate for medical office buildings hit an all-time low, net absorption rose to its highest mark since 2008, rents grew and investment activity remained strong.

But despite last year’s strong performance, Colliers International’s 2017 Health Care Marketplace Report shows that questions loom for the year ahead in the medical office space. While every administration change causes some degree of uncertainty, this year’s shift is markedly different as healthcare providers and system owners face the possible repeal of the Affordable Care Act and the details of the coverage set to replace it.

Healthcare providers are also grappling with the implementation of the final terms for the site-neutral payment rule — which limits the way off-campus facilities are reimbursed by Medicare — and a continued rise in costs, from services provided to construction materials and labor.

The report predicts that decision-making in the sector is likely to be delayed for a time, especially if policy changes surrounding the Affordable Care Act evolve over a protracted process.

An additional burden to the healthcare industry is the continued aging of a large segment of the U.S. population. Healthcare expenditures per capita surpassed $10,000 in 2016, and are forecast to grow at an average annual rate of 5.8 percent through 2025.

At the same time, providers are receiving less insurance income and are under constant pressure to protect operating margins while still innovating, improving and enhancing services.

With these complications ahead, Colliers continues to tout the solid fundamentals seen last year, and notes that the industry will likely remain buoyed by consumer demand.

Vacancy Falls, Rents Rise

Taking a deeper look into the top 10 U.S. markets that garnered the most investor interest in 2016 — Atlanta, Boston, Chicago, Dallas-Fort Worth, Houston, Los Angeles, Phoenix, San Diego, Seattle and Washington, D.C. — vacancy rates for medical office buildings vary significantly.

Boston, Houston, Los Angeles, San Diego and Seattle all saw vacancy rates well below 10 percent at the end of 2016. Seattle ranked the lowest, with a vacancy rate of 4.9 percent, while over-saturated markets like Phoenix ranked significantly higher at 14.3 percent.

The majority of the 10 leading markets saw rents ranging from $21 to $24 per square foot, with Southern California achieving the highest rents at $31.02 per square foot in San Diego and $29.72 per square foot in Los Angeles.

Though not one of the top 10 markets, New York exhibits a massive difference between medical office building rents. In New York City, rents clock in at an average of $72.07 per square foot. Across the entire New York MSA, rents averaged $22.93 per square foot.

Construction Escalates

The delivery total for medical office buildings in 2016 exceeded 22 million square feet, second only to the 2008 peak of 24.9 million. Colliers predicts that medical office building deliveries will remain elevated this year, with around 20 million square feet of completions expected for 2017.

The construction pipeline — combining properties already under construction and those at the proposed and planning stages — has the potential to generate more than 1,400 new healthcare properties, 46 percent of which are medical office buildings.

The median construction value per project in 2017 stands at $33 million for hospitals and $15 million for medical office buildings, while project sizes average 60,000 square feet and 45,000 square feet, respectively.

Analysis of 2015 and 2016 deliveries by Colliers showed a significant shift away from hospital construction and towards medical office buildings over the last two years. In 2015, the total amount of hospital space delivered was almost double the amount of medical office space.

This differential disappeared in 2016, with both property types forecast to account for an equal share of the 44.8 million square feet of healthcare real estate set to deliver. While the total pipeline of future construction is still weighted to hospitals moving forward, new hospital development is becoming less prevalent. Of the 283 hospital projects set to deliver in 2016, 83 percent involved the expansion of existing facilities.

Outlook: Unclear

As of the start of 2017, the Centers for Medicare and Medicaid Services stopped paying for services provided by hospital’s off-campus sites at the same rate as hospital-based outpatient sites through the implementation of the Site-Neutral Payment Rule. The impact of this change on healthcare providers and their real estate decisions is potentially significant.

For new and planned off-site campuses, providers will need to assess whether they can operate profitably with the lower payments from Medicare, likely delaying some new projects or canceling some real estate deals altogether.

The stability provided by the growing aging population is expected to continue to garner investor interest in the sector as the year progresses, despite government-sponsored changes.

Fueled by the momentum of 2016 and strategic decision-making in the face of market changes, Colliers expects 2017 to bring valuable opportunities for investors and providers alike.

-Katie Sloan

Daily Brief February 15, 2017 unsubscribe

---------------------------

All titles, content, publisher names, trademarks, artwork, and associated imagery are trademarks and/or copyright material of their respective owners. All rights reserved. The Spam Archive website contains material for general information purposes only. It has been written for the purpose of providing information and historical reference containing in the main instances of business or commercial spam.

Many of the messages in Spamdex's archive contain forged headers in one form or another. The fact that an email claims to have come from one email address or another does not mean it actually originated at that address! Please use spamdex responsibly.


Yes YOU! Get INVOLVED - Send in your spam and report offenders

Create a rule in outlook or simply forward the junk email you receive to questions@spamdex.co.uk | See contributors

Google + Spam 2010- 2017 Spamdex - The Spam Archive for the internet. unsolicited electric messages (spam) archived for posterity. Link to us and help promote Spamdex as a means of forcing Spammers to re-think the amount of spam they send us.

The Spam Archive - Chronicling spam emails into readable web records index for all time

Please contact us with any comments or questions at questions@spamdex.co.uk. Spam Archive is a non-profit library of thousands of spam email messages sent to a single email address. A number of far-sighted people have been saving all their spam and have put it online. This is a valuable resource for anyone writing Bayesian filters. The Spam Archive is building a digital library of Internet spam. Your use of the Archive is subject to the Archive's Terms of Use. All emails viewed are copyright of the respected companies or corporations. Thanks to Benedict Sykes for assisting with tech problems and Google Indexing, ta Ben.

Our inspiration is the "Internet Archive" USA. "Libraries exist to preserve society's cultural artefacts and to provide access to them. If libraries are to continue to foster education and scholarship in this era of digital technology, it's essential for them to extend those functions into the digital world." This is our library of unsolicited emails from around the world. See https://archive.org. Spamdex is in no way associated though. Supporters and members of http://spam.abuse.net Helping rid the internet of spam, one email at a time. Working with Inernet Aware to improve user knowlegde on keeping safe online. Many thanks to all our supporters including Vanilla Circus for providing SEO advice and other content syndication help | Link to us | Terms | Privacy | Cookies | Complaints | Copyright | Spam emails / ICO | Spam images | Sitemap | All hosting and cloud migration by Cloudworks.

Important: Users take note, this is Spamdex - The Spam Archive for the internet. Some of the pages indexed could contain offensive language or contain fraudulent offers. If an offer looks too good to be true it probably is! Please tread, carefully, all of the links should be fine. Clicking I agree means you agree to our terms and conditions. We cannot be held responsible etc etc.

The Spam Archive - Chronicling spam emails into readable web records

The Glass House | London | SW19 8AE |
Spamdex is a digital archive of unsolicited electronic mail 4.9 out of 5 based on reviews
Spamdex - The Spam Archive Located in London, SW19 8AE. Phone: 08000 0514541.