UWS property taxation and finance Essay Example | Topics and Well Written Essays - 1500 words

UWS property taxation and finance - Essay Example UWS property taxation and finance The Mirvac Property Trust has two development funding; Meadow Springs and Seascapes. The Meadow Springs Estate is a residential estate located around and within a championship golf course in Mandurah (Compton, 2000). The estate is located approximately seventy five kilometers south of the Perth Central Business District. Meadow Springs is serviced by the Mandurah railway and Perth, allowing an easy commute for the Perth workers. The area has various shops, stores, and supermarkets located within the area. Mandurah area features various recreational facilities like restaurants, cinema complex, walkways, and parks. Meadow Springs is therefore a residential development site valued at $15.8M. The Mirvac Development Fund for Seascapes is closed end, unlisted, single project fund. The investment strategy for the fund is maximizing the value of investors by offering returns the development and investment of subdivision project and quality land (Harriss, 2008). Seascapes are a residential co mmunity located in Mandurah located seventy five kilometers Perth South. The project is comprised of the development of forty eight hectare land with subunits approval for five hundred and fifty five residential Lots in addition to a Grouped Housing Site. Seascapes are extended to view the foreshore of the Indian Ocean and are celebrated by tourists and residents alike for its relaxed atmosphere, waterways, and beaches. The property type for Seascapes is a residential development site valued at $23.6M... WACC is important for the Mirvac Property Trust because it enables the company to maintain their relationship with investors and grow their revenues. Weighted Average Cost of Capital for Mirvac Property Trust is composed of both equity financing and debt according to Mirvac Property Trust optimal mix of financing equity and debt. Weighted Average Cost of Capital has enabled the Mirvac Property Trust to make decisions about the proposed projects (Harriss, 2003). The Mirvac Property Trust came up with the above figures by computing Weighted Average Cost of Capital using the formula Weighted Average Cost of Capital = wt*rt+wp*rp +ws*rr. Where wt is long-term debt, wp is preferred stock,ws is the common stock, rt is the long term debt cost, rp is the preferred stock cost, and rr is retained earnings stock. Therefore, the projects below the anticipated Weighted Average Cost of Capital are rejected, while those above Weighted Average Cost of Capital were chosen. The weights for Mirvac Prop erty Trust used both the historical and target proportions. The target proportions were the capital mix that the Mirvac Property Trust achieved. Internal Rate of Return The Mirvac Property Trust has a target unlevered ten years IRR Internal Rate of Return of more than 11 percent. This is because the Mirvac Property Trust maximizes the property security and income growth and maintains a portfolio that is diversified (Lindholm, 2004). Mirvac trust has also continued to raise the portfolio quality through the disposal of non-aligned asset above or at valuation. The trust has utilized the development division to come up with commercial assets that are of high

Discourse community Essay Example | Topics and Well Written Essays - 1250 words - 1

Discourse community - Essay Example ut Chelsea FC is how they care about their fans and the community and how it is different than a lot of other clubs which only look for winning the league. For example, The Chelsea FC foundation supports children in elementary school by providing them with â€Å"Quality Effort Award†, which is a free program that is meant to be used in classrooms by teachers to motivate their students for their creative thinking and rewarding the children for good performance. Chelsea FC is a big discourse community that shares the same goals and purposes with fans. Swales defines a discourse community as a group of people who communicate with each other by words and conversation to be able to reach their goals that they all share. The discourse community also has their own lexis and they communicate in one language. In Chelsea FC, there are common goals that the whole community shares. The first is winning the premier league, champions league, FA cup and the Capital One Cup. These are some of the goals that the community has and there are also other goals like inspiring children, and making their fans happy. Therefore, I can say that Chelsea FC discourse community shares the same goals. What is special about this club is that the coach of the team who is known to be one of the best coaches in soccer history Jose Morinho placed a rule as soon as he moved to the club that all members of the team including staff and players must discuss after training the issues they should do and fix problems if there are any. Jose Morinho knows how important it is to communicate with the team mates and staff such that he made a rule that whoever is absent or tardy has to pay a fine even if it was the coach himself. Chelsea FC discourse community makes sure to provide most ways possible for people to give them feedback. They use a lot of different ways to receive this feedback for example, Chelsea FC account on Twitter, Chelsea FC T.V, Chelsea FC Facebook and Chelsea FC Instagram account. They