Government football summit: What will be discussed at virtual meeting with FA, Premier League, EFL and more? | Football News

first_imgGreg Clarke (left) pictured while attending the UEFA European Under-21 Championship in 2017 preview image– Advertisement – Former DCMS committee chair Damian Collins and former Chair of the FA Race Equality Advisory Board Yunus Lunat discuss what needs to happen to football’s governing body following the resignation of Greg Clarke 0:26 It has been called a ’round-table’ discussion but – as is the norm now during this ongoing pandemic – it will not be done in-person. Dowden will lead the meeting online.Who is attending?The most senior figures in football have committed to joining the opening round of talks.Those include Premier League chief executive Richard Masters and EFL chairman Rick Parry, as well as representatives from the Professional Footballers’ Association [PFA], Kick It Out and the Football Supporters’ Association.FA chief executive Mark Bullingham and Baroness Sue Campbell, the FA’s Director of Women’s Football, will join the virtual meeting too on behalf of English football’s governing body.The government hopes that having so many key figures on one call will increase the chances of finding common ground during a period of uncertainty in football, sport and the wider world.Is this a response to Greg Clarke’s resignation at the FA?Not directly – but football governance will be another main talking point. – Advertisement – 1:51 Secretary of State for DCMS Oliver Dowden says he is ‘very disappointed’ at the current failure to agree a coronavirus rescue package for the EFL What will they discuss? What are they hoping to achieve? Sky Sports News‘ chief reporter Bryan Swanson answers some key questions ahead of the meeting:How significant is this summit?This has been an extraordinary year, on and off the pitch. English football is losing around £100m-a-month due to the coronavirus pandemic and there are other significant issues that must be addressed.The Premier League and EFL are yet to finalise a bailout for struggling lower-league clubs after months of talks and several proposals, with many clubs quickly running out of money to survive. This summit has been set up to debate and discuss some of the key issues, with the aim of bringing everybody together during a period of considerable stress.What are the main issues?Football’s joint response to coronavirus will be discussed following what have been, at times, fraught financial talks between the leagues.The summit will focus on other pressing issues including the potential return of fans to grounds in England once it is safe to do so, diversity and equality, and the development of the women’s game.It comes during a week in which the FA are under considerable scrutiny to get right their next appointment as chair, following the resignation of Greg Clarke over offensive comments about race and gender. OXFORD, ENGLAND - OCTOBER 20: during the Sky Bet League One match between Oxford United and Milton Keynes Dons at Kassam Stadium on October 20, 2020 in Oxford, England. Sporting stadiums around the UK remain under strict restrictions due to the Coronavirus Pandemic as Government social distancing laws prohibit fans inside venues resulting in games being played behind closed doors. (Photo by Catherine Ivill/Getty Images)center_img Chief reporter Bryan Swanson takes us through the events that have seen former FA chairman Greg Clarke stand down as FIFA vice-president – Advertisement – The UK government will host a virtual summit on Tuesday lunchtime over the future of English football, which will include the FA, Premier League, EFL, Kick It Out and other fan groups. Towards the end of an unprecedented year in which football has suffered significant economic damage because of coronavirus, culture secretary Oliver Dowden will lead talks with those in control of the national game.- Advertisement – 9:57 Rochdale’s David Bottomley says the £50m rescue package from the Premier League to the EFL is close, but admits there is ‘still a long way to go’ Football fans will be forgiven for feeling a sense of fatigue over yet another high-profile meeting involving the game’s administrators.What makes this summit different, however, is the participation of such a wide of group of people from within the game, including equality and inclusion organisations, the player’s union and fan groups.The government will want to see evidence that football is coming together, and hopefully some progress on these key issues will be made. preview image Clarke resigned as FA chairman last week after referring to black footballers as “coloured” during evidence to MPs at a parliamentary inquiry. He apologised over his “unacceptable” words and subsequently told Sky Sports News it was “better for football” that he immediately resign from his role as a FIFA vice-president.Government officials finalised the summit last week, but the proposal to hold talks was established before Clarke’s offensive remarks to parliament.They may be asked about the recruitment process, which the FA has insisted will be diverse, but the governing body is expected to announce further details on the search for a new FA chair later this week.What will this summit achieve?This is a good question – and there is no clear answer. 2:30last_img read more

West Nile vaccine looks good in early human trial

first_img Use of the proven yellow fever vaccine to create a safe hybrid could shave years off vaccine development, Fauci added. By 28 days after vaccination, 96% of the high-dose group and 100% of the low-dose group had a measurable antibody response, Acambis reported. The company reported mean antibody titers of 1280 and 1350, considered high, in the respective groups. The next phase of testing will include a larger sample with more older adults, the AP reported. Provided the second phase goes well, the third phase will involve thousands of people. Results of the trial were to be presented today at the National Foundation for Infectious Disease’s (NFID) annual conference in Baltimore, 5 years after the company began researching WNV vaccines. Acambis had received a $3 million grant from the National Institutes of Health. Testing on volunteers began in 2003, the AP reported. “We are encouraged by the immune response generated by trial subjects who were vaccinated with a single inoculation,” Monath said in the news release. In the double-blind, randomized trial, all but one of the people who received the vaccine developed antibodies to it, according to an Associated Press (AP) report quoting Dr. Thomas Monath, chief scientist at Acambis, the company that created the vaccine. The phase 1 clinical trial involved 80 volunteers. Thirty people received a single high dose of the vaccine, 15 were given a low dose, 30 received a placebo, and 5 received a yellow fever vaccine, Acambis officials said in a news release. May 11, 2005 (CIDRAP News) – An initial human trial of a West Nile virus (WNV) vaccine has yielded promising results, officials said today. The rate of vaccination side effects varied relatively little among the high-dose group (40%), the low-dose group (46.7%), and the placebo groups (43.3%), Acambis announced. No serious adverse events were blamed on the vaccine. Acambis created the ChimeriVax-West Nile vaccine by combining some genes from WNV with a licensed yellow fever vaccine, the AP story said. The yellow fever virus is a relative of the West Nile virus, and the yellow fever vaccine is known to be safe. Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said he was impressed by the percentage of patients who showed high levels of antibodies, but he cautioned that these are early findings, the AP reported. No vaccine has been approved for West Nile, which first appeared in the United States in New York in 1999 and has spread to every contiguous state except Washington since then. WNV caused at least 2,470 illnesses and 89 deaths in the United States last year, according to the Centers for Disease Control and Prevention (CDC). Most people who contract the virus are don’t become ill, but about 20% can experience fever, headache, nausea, and vomiting. About 1 in 150 suffers a severe illness, according to the CDC.last_img read more

Guinea Bissau struggles with anthrax outbreak in humans, cattle

first_img See also: The OIE, the United Nations Food and Agriculture Organization (FAO) and the US Centers for Disease Control and Prevention (CDC) are planning to provide support, according to Oxfam and OIE information. The outbreak is occurring in Oio region, which boasts some of the most intensive cattle herding operations in the country, an Oxfam America news story on May 5 noted. Some 120-plus cattle had died in the outbreak. Cattle herding is the chief economic engine of the Oio region, Oxfam said. Anthrax spreads among cattle and other ruminants through contaminated feed and soil, Oxfam said. People can contract intestinal anthrax by eating contaminated, undercooked meat. Touching infected animal tissues, being bitten by infected flies, or contacting contaminated materials may cause cutaneous anthrax. Inhalational anthrax results from inhalation of spores in contaminated areas. CIDRAP overview of anthraxhttp://www.cidrap.umn.edu/cidrap/content/bt/anthrax/biofacts/index.html Anthrax, caused by Bacillus anthracis, occurs naturally and is widespread in the environment. An estimated 2,000 to 20,000 human cases occur globally each year, according to the CIDRAP overview of the disease. Anthrax can also be modified for use as a biological weapon. Oxfam America estimated early in May that 400,000 doses of bovine vaccine would be required to control the outbreak, but that only 76,000 doses of the vaccine could be found in West Africa. The agency was assisting Guinea Bissau by purchasing vaccine and obtaining additional doses elsewhere.center_img OIE news release http://web.oie.int/eng/press/en_050609.htm By the end of May, Oxfam America reported that more than 13,000 cattle had been vaccinated. Jun 14, 2005 (CIDRAP News) – An anthrax outbreak in the small African country of Guinea Bissau has killed 4 people and sickened more than 80. The OIE has made a grant to the country from its emergency fund to help pay for a large-scale vaccination campaign in Oio, which has more than 50,000 cattle, according to a news release from the organization. Thirteen patients have been hospitalized, according to a World Organization for Animal Health (OIE) news release issued this month.last_img read more

Letters to the Editor for Thursday, May 16

first_imgSen. Tedisco is a hero to abused animalsI’m really impressed with Sen. Jim Tedisco’s feelings on animal cruelty.My beautiful cat, Jack, was abandoned. One day, I went across the street to visit my neighbor. This beautiful tuxedo cat rushed out to see me. He just loved people. “He’s a bully,” my neighbor said. He chased away her stray cats that she fed. My neighbor didn’t want him either.There’s no end to animal cruelty. Dog’s ears are cut. Their tails are cut off, leaving them looking like they need underwear.Dairy cows’ tails are cut off; it’s easier than cleaning behind them. Their calves are put in a small cover, tied so short they can’t really move.Sen. Tedisco is a hero, helping to put Buster’s Law through.Eunice KilmerJohnstown Congress must step up to serve countryOur country is falling apart. We are in great need of legislation on education, immigration, health care, global weather, trade agreements and much more. However, our Congress is too busy either investigating, or protecting our lying, cheating, autocratic president. It’s time they did something constructive, starting with enacting laws limiting the powers of the president. Also, they should consider making the attorney general an elected office. Nominees should be non-partisan, federal judges or states’ attorneys general. If not elected, the president’s nominee should be approved by a two-thirds majority of the Senate. We cannot exist long if we ever have another president (even a Democrat) who would twist the Constitution to fit his or her needs.Louis BachScotia Trump shown to be an artist of losingDonald J. Trump promotes himself as the master-of-the-universe for his deal-making abilities and his wealth. The reality is that he’s the biggest loser; $1.17 billion lost from 1985-1995 alone. It’s obvious from his long record of many failed investments and bankruptcies that he spent all his time promoting himself as a business genius, but didn’t even do a cursory analysis of his investments.        For example, he opened The Trump Taj Mahal Hotel and Casino saddled with more than $800 million high interest debt. There was no way he would be able to make debt payments when Atlantic City turns into a ghost town after the summer.As president, he acts impulsively without analyzing the consequences of his policies. His tariff policies are damaging American farmers and manufacturing. American taxpayers were stuck with a $12 billion bailout of farmers when China turned to Argentina and Brazil to purchase soy beans.President Trump is leaving a trail of destruction and failures, as he did when he plunged into failed investments in casinos and everything else he invested in.The sequel to “Trump: The Art of the Deal” should be “Trump: The Art at Losing.”Mark MarkovitzNiskayuna Backus will meet the challenges in NiskyIn October 2017, I wrote a letter on behalf of Brian Backus, a candidate for an open seat on the Niskayuna school district’s Board of Education. I and so many others were very pleased that Brian won that seat.At a recent Board of Education meeting, the various bargaining groups addressed the board with their concerns about what the groups perceived as important issues that aren’t being addressed by the district administration and the board.I spoke with Brian after I read about the meeting in The Gazette. Brian was very concerned and troubled that no member of the represented groups had chosen to speak to him before the meeting about the issues that were brought up to the board. In my opinion, Brian would have much preferred to have had conversations with those employees versus the surprise meeting. He told me, “People know who I am, what I represent. They know where I live. They know my phone numbers, and they know of my availability.”My conversation with Brian captured for me one of his strongest attributes, that of meeting challenges head-on. Because of these attributes, I believe Brian needs to remain an integral part of the Board of Education. With that, I heartily endorse his candidacy.Edward A. CarangeloNiskayunaMore from The Daily Gazette:Foss: Should main downtown branch of the Schenectady County Public Library reopen?EDITORIAL: Thruway tax unfair to working motoristsEDITORIAL: Urgent: Today is the last day to complete the censusGov. Andrew Cuomo’s press conference for Sunday, Oct. 18EDITORIAL: Find a way to get family members into nursing homes Categories: Letters to the Editor, OpinionThank you to military, volunteer firefightersThank you to all our armed forces every day and not just on May 18, Armed Forces Day. They protect us every day 24/7. Pray for them and their families. Do something special for them.Also, happy anniversary to the Jonesville Fire Department for its 100th anniversary. To all the residents in these towns, your fire departments are all volunteers. You should look into them and do something for them and their families.Whenever there is a fire, day or night, they leave their families and are there to help you. They also have jobs to support their families. Many young people don’t even know they are volunteers. Do something year round for them, Thanksgiving, Christmas, etc. Gift cards are always great for their families.Carol Pingelski HotalingClifton Parklast_img read more

Prudential to exit £650m White City retail scheme

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

21 new species added to Indonesian bird collection

first_imgMeanwhile, the new Latin name given to the spectacled flowerpecker honors the Dayak people of Kalimantan, who have extensive knowledge about the flora and fauna of their native regions.Other new species include the Peleng fantail, the Peleng leaf warbler, the Taliabu bush warbler, the Taliabu myzomela and the Taliabu leaf warbler. Three of the species are endemic to Peleng Island, Central Sulawesi, while the two other species are endemic to Taliabu Island, North Maluku.“The research to collate the list of birds in Indonesia has been ongoing since the beginning of 2019. The research was done through literature study based on the newest reference material regarding bird taxonomy,” Achmad told The Jakarta Post in an email on Saturday.The International Union for Conservation of Nature (IUCN) also recently updated its Red List of Threatened Species, which showed that eight Indonesian bird species had an increased risk of extinction.The eight species are the pale-bellied myna (Acridotheres cinereus), the brown-cheeked bulbul (Alophoixus bres), the Javan leafbird (Chloropsis cochinchinensis), the Sumatran leafbird (Chloropsis media), the greater green leafbird (Chloropsis sonnerati), the blue-eared iory (Eos semilarvata), the Tanimbar megapode (Megapodius tenimberensis), and the Javan white-eye (Zosterops flavus).“The declining population and increasing threats are related to unsustainable hunting, as well as habitat disappearance due to degradation and land function shift,” Achmad said.He said in recent years many people in Java and Bali liked to domesticate birds because of their beautiful plumage and birdsong. However, the trend has contributed to the declining population of the birds in the wild. (gis)Topics : Twenty-one new species have been added to the list of bird species endemic to Indonesia as of the beginning of 2020, bringing the country’s total to 1,794 bird species.Achmad Ridha, a research and communication officer at nonprofit bird conservation organization Burung Indonesia, said that the additional species included seven newly described bird species – including the Alor myzomela (Myzomela prawiradilagae) and the spectacled flowerpecker (Dicaeum dayakorum) – as well as 14 species that were split off from previously discovered species.The Alor myzomela was announced as a new species in Oct. 2019. The bird is endemic to Alor Island, East Nusa Tenggara, and lives in a terrain 900 to 1,270 meters above sea level.last_img read more

In Italy, support groups fear lockdown is silencing domestic abuse victims

first_imgItaly has seen a sharp fall in official reports of domestic violence as it approaches a month under coronavirus lockdown, raising concern among some support groups that forced confinement is leaving victims struggling to seek help.Citing official data, a parliamentary committee into violence against women said last week that reports to police of domestic abuse dropped to 652 in the first 22 days of March, when Italy went into lockdown, from 1,157 in the same period of 2019.Telefono Rosa, Italy’s largest domestic violence helpline, said calls fell 55% to 496 in the first two weeks of March from 1,104 in the same period last year. Other help groups said they had seen similar declines. The parliamentary committee’s report said the trend did not mean a decline in violence against women but was rather a signal that “victims of violence risk being even more exposed to control and aggression by a partner who mistreats them.””There are a lot of problems in this situation, maybe not the least of them is the difficulty of asking for help when everyone is obliged to stay at home,” said Alessandra Simone, director of the police criminal division in Milan.Successive Italian governments have passed reforms aimed at improving protections, but 13.6% of women have suffered violence from a partner or ex-partner, according to national statistics bureau Istat.The country has seen more than 100,000 cases of COVID-19 and accounts for almost a third of worldwide deaths. It was the first European nation to go into lockdown. Topics :center_img “We’re seeing a drastic fall in calls by women because they have less freedom in this situation of forced confinement,” said Chiara Sainaghi, who manages five anti-violence centers in and around Milan for the Fondazione Somaschi, a social assistance foundation. She said calls to her group had fallen by as much as 70%.Some help groups and the authorities say they have tried to launch other forms of contact, including messaging services like WhatsApp, whose use has surged during lockdowns in many countries. Users in Italy are placing 20% more calls and sending 20% more messages on WhatsApp compared to a year ago, the company said in mid-March.Italian police have in recent days adapted an app originally designed to allow young people to report bullying and drug dealing near their schools to report domestic violence by sending messages or pictures without alerting their partner.In Spain, where police said they had also seen a fall in calls for help, authorities launched a WhatsApp service for women trapped at home which the Equality Ministry said had seen a 270% increase in consultations since the lockdown began.Valeria Valente, the senator who chairs the Italian parliamentary committee, said cultural and social factors in Italy already made it hard for many to report domestic violence.But she said the shutdown appeared to be leading some women who might otherwise try to leave their partners to stick it out.”How is a woman who wants to report violence supposed to move? With the lockdown [she] can only contact the anti-violence centers when she goes to the pharmacy or buys food,” Valente said.last_img read more

Mesut Ozil sends message to Arsenal fans after latest Unai Emery snub

first_img Comment Metro Sport ReporterThursday 24 Oct 2019 10:09 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link8.1kShares Advertisement Mesut Ozil’s time at the club could be over (Picture: Getty)Arsenal outcast Mesut Ozil wished his team-mates the best of luck after being left out of their matchday squad for their Europa League win against Vitoria.The German has made just one league start so far this term and his only other appearance came in a Carabao Cup tie against Nottingham Forest.The playmaker posted a cryptic social media post on Wednesday with the caption ‘You make me laugh….’ and he was seen having an altercation with Emery as training started on the eve of the match.But he was in seemingly better spirits on Thursday as he took to social media to post a photo with Arsenal legend Robert Pires.ADVERTISEMENTTrained with this AFC legend this morning 💪🏼❤⚽ Always a pleasure to see you my Bro @piresrobert7 __ Best of luck for the match now from both of us ▶ @Arsenal 🙏🏼 #UEL #YaGunnersYa #M1Ö pic.twitter.com/EHASSIA3ac— Mesut Özil (@MesutOzil1088) October 24, 2019‘Trained with this AFC legend this morning,’ said Ozil.AdvertisementAdvertisement‘Always a pelasure to see my bro.‘Best of luck for the match now from both of us’.More: Arsenal FCArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesThomas Partey debut? Ian Wright picks his Arsenal starting XI vs Manchester CityArsene Wenger explains why Mikel Arteta is ‘lucky’ to be managing ArsenalThe German’s best wishes eventually paid dividends for Arsenal on the pitch against Vitoria.Former Tottenham youngster Marcus Edwards put the visitors ahead before Gabriel Martinelli equalised.But the Portuguese club retook the lead through Bruno Duarte and Arsenal were unable to respond until Nicolas Pepe was introduced.The Ivorian equalised with a free-kick ten minutes from time and then hit a stunning set piece in injury time to seal the victory.MORE: Dozens of Lazio fans make Nazi salutes in Glasgow city centre ahead of Celtic Europa League gamecenter_img Mesut Ozil sends message to Arsenal fans after latest Unai Emery snub Advertisementlast_img read more

Governor Wolf Visits Washington Center of Excellence, Touts Strides Made in 2016-17 Budget to Combat Opioid Epidemic

first_img SHARE Email Facebook Twitter July 22, 2016 Human Services,  Press Release,  Public Health,  Substance Use Disorder Washington, PA — Governor Tom Wolf and Department of Human Services Secretary Ted Dallas visited a Center of Excellence today to discuss the significant strides made in the 2016-17 budget to combat the opioid abuse and heroin use epidemic in Pennsylvania. The Wolf Administration successfully secured the necessary funding for DHS to open 20 Centers of Excellence (COEs) statewide by October 1, 2016.“I am thrilled that by working with Republicans and Democrats, we have achieved this level of funding for our fight against this public health crisis,” said Governor Wolf. “Now that this year’s budget is complete, it is imperative that we all continue working together to focus on Pennsylvania’s opioid abuse and heroin use epidemic. While the budget allows us to expand treatment for individuals suffering from addiction, we can and should do more to address this matter that is plaguing all of our communities. My administration will keep its focus on this issue and I will continue preparing for the upcoming special session.”“The Centers for Excellence will provide vital, potentially life-saving coordination of care for Pennsylvanians struggling with the disease of addiction,” said Secretary Dallas. “Rather than just treating a person’s addiction, DHS will treat the entire patient through team-based treatment, with the explicit goal of integrating behavioral health and primary care and, when necessary, evidence-based medication assisted treatment. As our strategy involves both behavioral therapy and FDA approved medication that individuals take to help curb cravings and manage withdrawal symptoms, it can improve the odds of recovery.”Governor Wolf and Secretary Dallas visited the SPHS CARE Center in Washington, PA.“The CARE Center is honored to be a Center of Excellence,” said Executive Director Kellie McKevitt. “Our organization has decades of experience in deploying not only substance abuse treatment, but an array of human services. We support the COE model of using integrated care and evidenced based practice to focus on the opioid and heroin epidemic. The CARE Center is prepared to work with DHS to provide additional treatment and enhanced services. We will continue to work to fight this epidemic, as it has impacted so many in our communities.”The current path of treatment for people who have opioid-related substance use disorders can be confusing and difficult to navigate. The links between behavioral health treatment and physical health treatment are often broken or not made at all. This means people may drop out of treatment after they receive care for their physical symptoms, bypassing critical components of care such as behavioral therapies and connection to community supports that can lead to meaningful recovery from substance use disorder.The Centers of Excellence are a central, efficient hub around which treatment revolves. These centers will have navigators to assist people with opioid-related substance use disorders though the medical system, and ensure they receive behavioral and physical health care, as well as any evidence-based medication-assisted treatment needed.The use of medication (like buprenorphine, methadone, and naltrexone), coupled with wrap-around supportive services, can prevent people from relapsing and improve their chances for recovery, ultimately driving the aforementioned statistics in the opposite direction.The Department of Drug and Alcohol Programs will license the COEs as drug and alcohol providers that provide one of the three FDA-approved medications.DHS is currently working with its actuaries to determine whether additional COEs can be funded by analyzing the impact they will have on the physical and behavioral health Medicaid managed care rates.For more information about the Centers of Excellence, visit www.dhs.pa.govcenter_img Governor Wolf Visits Washington Center of Excellence, Touts Strides Made in 2016-17 Budget to Combat Opioid Epidemiclast_img read more

Nordic roundup: Finnish returns, TELA, Nordea, PenSam

first_imgAssets in Finland’s earnings-related pension schemes rose €3.3bn in the first quarter to €165.5bn, helped by listed and unlisted equities performance, according to pensions alliance TELA. The seven largest earnings-related pension providers saw increases in their operating income of between 1.1% and 2%, according to data from the organisation, whose members include pension funds, foundations and insurance companies. Maria Rissanen, analyst at TELA, said pension schemes achieved their highest returns in the three-month period from listed and unlisted equity investments. “Indirect investments in real estate, hedge funds, listed equities and corporate bonds also yielded well,” she said, adding that income now came from a wide variety of sources. Seen overall, asset allocation of Finnish pension providers was 45.7% weighted to equities and equity-like instruments at the end of March, 43.9% to fixed income investment and 10.4% to real estate, TELA said. The data showed the trend towards investment outside the euro-zone was continuing, with a 0.6 percentage point shift to these investments and away from domestic investments during the first quarter.At the end of March, investments outside the euro-zone made up 45.3% of all investments, up from 44.7% at the end of December, while domestic investments fell to 29.9% from 30.6%.Those inside the zone, excluding Finland, remained steady at 24.8%, TELA said. The shift towards ex-euro-zone investments has continued more or less steadily since at least 2005, when pension funds had just 28% of assets held outside the zone, according to the data.In other news, Nordea Life & Pensions and Danish labour-market pensions provider PenSam said they are co-investing DKK2.7bn (€362m) in a 120,000m2 Copenhagen residential project.  The two pension fund investors said they were jointly financing a project to build a new quarter in the Sydhavn area of the Danish capital.Nordea Life & Pensions, which bought the land for the project several years ago, has now sold a 25% stake in the Frederiks Brygge project to PenSam.Anders Schelde, investment director at Nordea Life & Pensions, said: “PenSam is a strong partner, that, apart from capital, will contribute expertise and experience to the the project.“With this partial sale, Nordea Life & Pensions is getting better long-term diversification of its real estate investments.”Benny Buchardt Andersen, PenSam’s investment director, said: “We expect the project to give a solid return to our customers because, among other things, together we are handling the whole value chain in the construction.”The plan is to build 1,350 apartments, typically with three rooms and 85m2 in size.The entire construction will have 120,000m2 of space, Andersen said. The first stage of the project was completed last year with 69 homes for young people and a daycare centre.A further 194 homes and two supermarket buildings are expected to be finished by mid-2016.The Danish government and the Copenhagen City Council have begun talks on establishing a metro line to Sydhavn, which is expected to be completed by 2023, the investors said.last_img read more