36 Needham St, Fig Tree Pocket.“On the upper level are five bedrooms, two offices, a television room and 12-seat cinema with a wet bar. A ground level made for entertaining includes a gymnasium, games room, boardroom, climate-controlled wine cellar, multiple lounge areas and a sixth bedroom.”The seventh bedroom was in a separate guest cottage on the estate. 36 Needham St, Fig Tree Pocket.According to the listing by Tyson Clarke of Queensland Sotheby’s International Realty – Ascot the property was called “Rivergum Retreat”.“Cleverly calculated to adjust to the requirements of a large family, the 1956sq m interior is spread across three wings. 36 Needham St, Fig Tree Pocket.Outdoor features include a barbecue kitchen with teppanyaki grill, heated horizon swimming pool and spa, and championship-sized tennis court.The home also has a hi-tech fitout including C-Bus, SONOS and Crestron systems control for lighting, temperature, blinds, irrigation and security. 36 Needham St, Fig Tree Pocket.A QUEENSLAND richlister’s riverfront home has been given an $11.9m price tag which includes a Gold Class cinema, seven car garage and pontoon to tie your boat up to. The seven bedroom, nine bathroom home at 36 Needham Street, Fig Tree Pocket, belongs to Linc Energy founder Peter Bond. Linc Energy founder Peter Bond has put a price on his sprawling Brisbane riverfront estate of $11.9m. Picture: Anthony WeateIf sold for that price it will be the third highest amount fetched in Brisbane behind the $18.48m paid for 1 Leopard St, Kangaroo Point last month and the $14m that Australia’s richest woman, Gina Rineheart paid in 2014 for her stunning Hawthorne character estate.More from newsMould, age, not enough to stop 17 bidders fighting for this home6 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor6 hours agoMr Bond’s property spans 1.2ha and has river frontage of 132m.
Multi-disciplined design, engineering and manufacturing company Balmoral has taken a substantial stake in ACE Winches by investing £10 million in the Turriff-based company.The investment should strengthen and grow ACE Winches’ position as mooring, lifting, pulling and deploying solutions provider.Both companies have seen success on the global stage and between them hold five Queen’s Awards for International Trade. However, since the beginning of the oil price slide in 2014 manufacturing business has slowed for ACE Winches and the company has restructured to optimise global rental opportunities.With the new investment ACE is eyeing opportunities to expand its equipment hire business on a global basis.Jim Milne, chairman and managing director at Balmoral Group, said: “Without doubt the offshore industry is changing but with that change comes opportunity.”“ACE Winches has built a very strong reputation for providing world-class deck machinery and lifting solutions and we recognise the potential in the company. Our aim is to help them achieve greater market share on the world stage by identifying and advising on new markets.”Alfie Cheyne, CEO and founder of ACE Winches, added: “Both ACE Winches and Balmoral Group have extensive experience of opening up new markets. We see the renewables and decommissioning sectors, in particular, offering strong growth potential both in the immediate and longer term.“With the combined efforts and expertise of both teams we are confident we can grow the ACE business and brand sustainably and look forward to a mutually beneficial relationship with Balmoral Group.”Jim Milne joins the ACE Winches board as non-executive chairman and Balmoral’s finance director, Bill Main, also joins as non-executive director.