LATEST: OnTheMarket buys 20% share in lettings platform Teclet for £797k

first_imgHome » News » LATEST: OnTheMarket buys 20% share in lettings platform Teclet for £797k previous nextProptechLATEST: OnTheMarket buys 20% share in lettings platform Teclet for £797kOTM also has an option to buy the rest of the company for £1. 5 million at a later date and also clear Teclet’s considerable debts.Nigel Lewis23rd December 201901,768 Views OnTheMarket has made its first direct investment in a proptech company following its purchase of a 20% share in Glanty, the operator of lettings platform Teclet, for £797,000.OTM has also agreed an option to buy the remaining 80% of the company at a later date for £1.5 million and also pay off Glant’s debts of £1.4 million.The portal has also entered into an optional ‘earn out’ arrangement that could see it pay Teclet’s directors up to £12 million after three years if key performance goals are met.Teclet was launched in 2016 and automates many aspects of the lettings process to reduce overheads and maximise operational efficiencies for letting agents.It also provides online storage and 24-hour access for agents, tenants and landlords to records and documentation relating to their tenancies.Teclet also supports compliance with the regulatory requirements surrounding tenancy creation and management, providing an audit trail of transactions.OTM dealThe platform will be offered to its customers and means OTM has made its first significant move into property software provision to agents other than its own in-house developed solutions.Glanty’s revenues for the year to 31 December 2018 were £771,36, up from £6,209 in 2017. The investment being made by OTM is to fund Glanty until the summer of 2021, when it is expected to break even.The purchaser of OTM coincides with a share placing announced by OTM, which is to raise £3.4 million by issuing 4.85 million shares at 79p each, which is an 8% discount on its current share price.OnTheMarket OTM teclet December 23, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more

Briefs

first_imgn Honeytop Speciality Foods has more than doubled its chiller capacity at its manufacturing plant in Dunstable, Bedfordshire, with a £250,000 investment.This will provide for greater blast-chilling and holding capacity, allowing additional fresh ingredient handling, as well as extra capacity for Honeytop’s fresh and chilled naan bread production.n Lord Haskins, former chairman of Northern Foods and now government advisor on food and farming, will be the keynote speaker at the 2008 City Food Lecture, organised by the seven City Livery Companies, including the Worshipful Company of Bakers.Lord Haskins and a panel of food industry experts will address the impact of international food issues on the UK. The lecture will take place on 29 January 2008, at the Guildhall in London.n Scenes from the latest Harry Potter movie have been shot outside Lacock Bakery in Wiltshire. Owner Jean Sheard told British Baker: “It’s very exciting, as I’m a big fan and have read all the books. We expect that this will be good for business as fans like to visit the places where the movie was shot.”Most of the filming for Harry Potter and the Half Blood Prince took place at night.n A hooded youth robbed a Baker’s Oven shop in Crawley, West Sussex with a knife in a lunchtime raid last week. A bakery worker was forced to hand over several hundred pounds in the raid. Members of the public gave chase but could not catch the robber.n Quest Equipment and Wiesheu GmbH are among the latest companies to sign up as exhibitors at the Baking Industry Exhibition, due to take place at Birmingham’s NEC from April 6 to 9 2008.last_img read more

Listen To Recess’s Debut EP ‘Brothel Gospel,’ Streaming In Full [Premiere]

first_imgFounded in 2014, RECESS continues to impress fans with an infectious blend of electro, funk and soul, powered by the duo of Ian Gilley (keyboardist) and Drew Birch (guitar/production). After jamming together, the two have been inspired to produce new music, inspired by all sorts of styles including the late great J. Dilla. Two years later, the duo are finally ready to release The Brothel Gospel, their debut EP.Listen to the great five-track release below, and scroll down to read out more about this exciting band and new release from Birch himself! You can also order the album via iTunes.L4LM: Your band has seen enormous growth since its foundation in 2014. How did the project form?Drew Birch: We met in elementary school and linked back up after college. Both of us worked on music in our spare time but we weren’t taking it as seriously as we are now. There were a couple songs I had never released that we embellished on and then the rest we made together. A few weeks later, we snagged all of our gear, headed to a studio on the outskirts of town and just started writing. No expectations, no format… just started working on music.L4LM: Where does the name RECESS come from?DB: We wrote a song with organ and guitar licks that kind of bounced back and fourth that never made it to the album. We originally named it ‘RECESS’ because of the loose playful banter between the instruments. Recess is normally associated with high energy and fun so it just fit the style.L4LM: Your new album has a lot of J. Dilla influences, including the track “MicroDilla.” What is it about Dilla’s music that influenced you, and how do you bring those influences to light on Brothel Gospel while maintaining your own unique voice?DB: Most producers have a background in hip hop. I think that’s where it all starts, a classic 90 bpm track that can really flow in any direction musically.  Once you start getting into sampling and drums, you find the producers that you just click with. It’s not just about Dilla, there are a lot of producers out there that have that bounce or that raw sample selection… once you find those guys, you realize it’s about presentation and vibe. Letting the drums and bass swing a bit and fit into a lazy pocket just has more flow.L4LM: Can you describe the Brothel Gospel sound?DB: The name sort of blossomed from writing these grimy organ church chords over melancholic guitar lines, so we try and keep that theme prevalent throughout the album regardless of the vibes of the track. How will that translate into live performances?DB: We have some call and response licks we play together that sort of lets each instrument preach its gospel per se.  You’re essentially speaking a language to an audience through your instrument and that’s what we try to do in a live setting too.last_img read more

Gathering Of The Vibes Will Not Return In 2017

first_imgFollowing the disappointing news that Gathering of the Vibes, one of the longest running music festivals in the country, would not take place in 2016, hopes were held in check for a pending return in 2017. According to founder Ken Hays, that will be taking this year off as well. Hays released a statement earlier today, via the GotV Facebook page:“As you know, the music festival landscape is rapidly evolving,” the statement read. “And with that evolution comes greater competition that is far more challenging for smaller, independent festivals like the Vibes. It is with this in mind that I have made the difficult decision to not move forward with Vibes in 2017.”Hays did not elaborate on whether or not the festival might return in 2018, but taking two years off is, unfortunately, never a good sign. However, in staying with that community spirit, Hays and company will be working with various family-friendly festivals in extending discounted tickets to the VibeTribe and extended family. Check out the full statement below.last_img read more

Gregg Allman’s Manager Michael Lehman Discusses Gregg Allman & ‘Southern Blood’ On New Podcast

first_imgOn the latest episode of The Sound Podcast, show host Ira Haberman interviews Gregg Allman’s longtime manager and friend Michael Lehman. The nearly 40-minute episode features conversations with Lehman about Gregg Allman in his final hours and how they all led up to Allman’s recently-released final masterpiece Southern Blood. Recording Southern Blood offered Allman the opportunity to tell his own story the way he wanted to. Thus, the album is a collection of songs mostly penned by other minds that reflect what was in Allman’s heart and soul during his final months. The album has turned out to be deeply revealing, as Lehman recounts what it was like to prepare the album ahead of Allman’s final moments.Gregg Allman Delivers Emotional Farewell On ‘Southern Blood’You can listen to the full podcast episode below, or by connecting and subscribing to one of the podcast platforms here:[cover photo by Phierce Photo]last_img read more

College hosts State Department summer program

first_imgAs conflicts around the globe erupted over the summer, Saint Mary’s College hosted the Global Women Leaders Institute as part of a U.S. Department of State “Study of the U.S. Institute” (SUSI), which focused on understanding the U.S.’s role abroad and fostering a new generation of leaders.This past July, the College welcomed 20 undergraduate women from Egypt, Libya, Tunisia, Iraq and Jordan, as well as four Saint Mary’s students, to share educational opportunities and personal encounters that may be applied in their home countries, director of media relations Gwen O’Brien said.The SUSI grant, which completed the last leg of its three-year cycle this past summer, brought in young women from diverse fields of study, Mana Derakhshani, associate director of the Center for Women’s Intercultural Leadership (CWIL) and the academic director of the Institute, said. The students’ range of academic interests were consistent with last year’s participants, Derakhshani said.The SUSI offered sessions on cultural identity, intercultural skills, gender and culture, women and peace movements, U.S. women’s history, women and political representation in the U.S. and globally and women’s economic empowerment, O’Brien said.The various political dynamics of the home countries of this year’s attendees show the appeal of the SUSI, Derakhshani said.“What they all have in common, is that they are emerging democracies trying to figure out how to transition from more traditional forms of leadership,” Derakhshani said. “This is a crucial time in all these regions for women to have a voice in public discourse and be ready for public service.”Derakhshani said the women who partake in the SUSI do so to gain new know-how that will enhance their leadership back home. Derakhshani said she helped her colleague, Martha Smith, design the leadership part of the curriculum.“They create a network of support and resources for each other,” Derakhshani said. “Finally, through learning about women’s issues in the U.S. and globally, they become more aware of ways they can advocate for themselves and women everywhere.”During the five-week program, the women traveled to Washington to visit the U.S. Institute of Peace; Chicago, to attend a seminar at the University of Chicago Law School; Detroit, for a seminar on Arab-American women’s leadership; and Indianapolis, where they met with the Secretary of State, O’Brien said.“These institutes are part of the Department of State’s soft diplomacy efforts around the world, because they bring to the U.S. young leaders and scholars to learn about the U.S., meet Americans, and develop their own skills,” Derakhshani said. “The SUSI on women’s leadership were an initiative of Hillary Clinton when she was Secretary of State, so they are relatively recent.”Closer to their temporary home, the women volunteered at South Bend agencies that are partners with the College, working at St. Margaret’s house, the Center for the Homeless, Chiara Home and more, O’Brien said.On a hyper-local level, Derakhshani said the SUSI helps women approach political change in their home counties while enriching the educational experience of the four Saint Mary’s students who took the course.“Through the presence of these young women on campus, and through their interaction with Saint Mary’s students, the SUSI contributes to the internationalization of the College,” Derakhshani said. “It dovetails beautifully with intercultural competence and global learning outcomes of the new Sophia Program.”Derakshani said the award of the State Department grant improves Saint Mary’s national reputation and increases the College’s visibility.“Through its participation in this program, the College gains recognition for its intercultural and global focus as well as its expertise in developing women’s leadership,” Derakhshani said.This summer’s participants worked in groups to develop specific action plans they intend to implement at home, Derakhshani said.“One of the most intriguing action plan was the Jordanians’ project to start a taxi company with women cab drivers,” Derakhshani said. “This is particularly important activism not only to break the stereotype of gender specific jobs or trade, but to provide safe transportation to young women who are often victim of sexual harassment in the street and on public transportation, and who are not allowed, or do not feel safe, riding by themselves in cab driven by men.”Tags: Global Women Leaders Institute, State Department, SUSIlast_img read more

Three men arrested on WNDU property

first_imgThree people were arrested on multiple charges while hiding on WNDU’s property Thursday morning, University spokesman Dennis Brown said.A Notre Dame police officer confronted four men hiding behind cars on Dorr Road early Thursday, Brown said. The men then fled towards WNDU, where three of them were apprehended at about 2:30 a.m. while the fourth escaped.The three men were charged with stealing a vehicle, resisting law enforcement and possessing a handgun, marijuana and burglary tools, Brown said. Two of the three arrested were 18- and 19-years-old and the third was a juvenile, according to a WNDU article.Tags: Arrest, NDSP, WNDUlast_img

Teal Wicks & More Complete Casting for Finding Neverland

first_imgCasting is now complete for the Broadway production of Finding Neverland. Teal Wicks (Jekyll & Hyde, Wicked) and more will join a company that includes the previously announced Matthew Morrison, Kelsey Grammer, Laura Michelle Kelly and Carolee Carmello. Performances will begin on March 15 at the Lunt-Fontanne Theatre.Wicks will take on the role of Mary Barrie, a part that was played by Kinky Boots star Jeanna de Waal at the American Repertory Theatre run in 2014. Michael Llewelyn Davies will be portrayed by Alex Dreier, Hayden Signoretti and Noah Hinsdale; Jack Llewelyn Davies will be played by Hayden Signoretti, Christopher Paul Richards and Dreier; George Llewelyn Davies will be portrayed by Sawyer Nunes, Richards and Jackson Demott Hill, while Peter Llewelyn Davies will be played by Aidan Gemme, Richards and Hill. Dreier, Signoretti, Nunes and Gemme all appeared in the tuner at A.R.T.The ensemble will include Courtney Balan, Dana Costello, Melanie Moore, Mary Page Nance, Emma Pfaeffle, Jessica Vosk, Colin Cunliffe, Chris Dwan, Rory Donovan, Josh Lamon, Jonathan Ritter, Tyley Ross, Julius Anthony Rubio, Paul Slade Smith, Ron Todorowski, Jaime Verazin, Kevin Kern and Fred Odgaard.Directed by Diane Paulus and featuring a score by Gary Barlow and Eliot Kennedy and a book by James Graham, Finding Neverland follows the story of J.M. Barrie (Morrison) and his relationship with the family of widow Sylvia Llewelyn Davies (Kelly). Llewelyn Davies’ children eventually became Barrie’s inspiration to write Peter Pan. Opening night is set for April 15. Related Shows Finding Neverland View Comments Show Closed This production ended its run on Aug. 21, 2016last_img read more

Cycle for the Smokies

first_imgTake on a summer challenge and cycle through scenic countryside and vibrant cityscapes at the fourth annual Gran Fondo Asheville hosted by New Belgium Brewing on Sunday, July 23, 2017.Friends of the Smokies welcomes cyclist of varying levels to experience the beautiful mountains of Western North Carolina by riding the 30-, 60- or 100-mile scenic courses. There are timed sections along the routes for folks who would like to compete, but our motto is ‘pedal hard and party harder’ and that is exactly what we want the cyclist to do—enjoy themselves while celebrating America’s most-visited national park.The ride begins at New Belgium Brewery on the French Broad River and quickly transitions to winding roads in pastoral countryside near Marshall, North Carolina and then along the Blue Ridge Parkway. Beginners and avid cyclists alike will find a course to meet their individual goals, whether that’s competing to win or taking it easy and soaking in the views.After riders will cruise into the River Arts District and greeted by Friends of the Smokies volunteers, family, and friends at New Belgium’s Liquid Center. Riders will be provided with complimentary beer from New Belgium, lunch from Ingles and a great place to hang out as they wait for their comrades to cross the finish line. At the finish area, massage therapists, yoga instructors, and National Park Service rangers will be onsite.This event features stocked aid stations along the routes where volunteer’s handout food and water, bike mechanic stations for riders who might be in need, and a raffle and fun prizes for overall and age group winners.Register today to guarantee a spot at GranFondoAVL.com.Gran Fondo Asheville benefits Friends of the Smokies to raise money for Great Smoky Mountains National Park. Since its founding in 1993, Friends of the Smokies has raised more than $55 million to fund critical projects and programs for the Smokies.This event is made possible by Friends of the Smokies host sponsor New Belgium and presenting sponsor Ingles as well as The Glass Foundation, Asheville Radio Group, Best Buy, Webb Investment Services, Beverly-Hanks, Fletcher Warehousing, Ken Wilson Ford, Navitat Canopy Adventures, Roberts and Stevens Attorneys at Law, Equilibar, Saunders D.D.S., Blue Ridge Outdoors, Capital at Play, Smoky Mountain Living and ImageSmith.last_img read more

Modern Pentathlon at the Military World Games

first_img The modern pentathlon is practiced by men and women, individually or in teams. It was created by Baron de Coubertin, the founder of the Olympic Games in the modern era. It consists of five events: shooting, fencing, swimming, riding, and running. The winner is the athlete who obtains the best overall score, adding together the points earned in all events. A peculiar fact: the horses used in the riding competition are provided by the competition organizers and assigned to the athletes by random drawing, twenty minutes before the competition. This is the spirit that Coubertin wanted for the sport. He was inspired by nineteenth-century cavalry soldiers, who had to know how to ride an unknown horse, swim, fight with a sword, run, and shoot. By Dialogo July 15, 2011last_img read more