1/36 Jefferson Lane, Palm Beach.IT’S roughly 25 steps to the beach and you won’t need to worry about bringing your shoes. That’s the advice homeowners Jedda and Brent give to all their guests when they come to visit their beachside abode. The couple built the contemporary three-level home four years ago.“When we first bought it there was originally two old units on the block,” Mrs Shaw said. “We lived there for about a year and called it ‘the beach shack’. It was considerably aged when we moved in. I would say it was about 30 years old.” The Palm Beach locals said they were inspired by their beachside suburb to create an up-market home. With the help of McGowan Brothers Builders the duplex was built in just under a year. The Shaw family said they were impressed with the construction.“It is an amazing feeling seeing your vision become a reality and it was built really well,” Mrs Shaw said.“We built it with the kids in mind so the house is quite spacious and open to accommodate for a big family.”More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North4 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoMrs Shaw said now that her three children had left the nest she and her husband were looking to downsize.“The great thing about building a duplex is that we were able to choose our neighbours,” Mrs Shaw said.“We have a lap pool on our property, and the neighbours have a similar plunge pool. The balcony is my favourite part — they aren’t for show, they are built to be used all year round.”Mrs Shaw said the family spent most of their time on the balcony watching the ocean.“The main bedroom is also one of my favourites — it takes up the entire third level and is more of a parents’ retreat. I do spend a lot of time up there.” The property features high ceilings, streamlined open-plan living and a sun-washed terrace for entertaining.The private courtyard adds a touch of serenity and the stone benchtops create a luxury feel.Mrs Shaw said the hardest part was choosing which colours to paint the house.
Oilfield services firm Wood Group reported an 86 percent drop in its profit for the first half of the year, citing, among other factors, weak contribution from the North Sea activity.The UK-based company posted a profit of $6 million, down from $45 million in the first half of 2016. Profit for the period was impacted by exceptional costs of $47.6 million.This included $25.2m in respect of costs relating to the acquisition of Amec Foster Wheeler, comprising advisory fees of $19.7 million and underwriting fees in respect of new debt facilities of $5.5 million.Revenue fell to $2.27 billion, down from $2,56 billion a year ago.Presenting its result on Tuesday, Wood Group said there was a sense of recovery in certain markets despite tough conditions in the oil and gas sector overall.“Robust performance in the West including, improved activity in offshore greenfield project engineering and commissioning and modest improvement in US onshore activity, was more than offset by weaker activity in the East, where we have seen a significant reduction in projects & modifications work, particularly in the North Sea,” Wood Group said.The company expects to complete the proposed acquisition of Amec Foster Wheeler in the fourth quarter of 2017. The company expects the merger will deliver significant cost synergies of at least $170 million.To remind, the proposed merger had risen competition concerns in the UK, in the supply of engineering and construction (E&C) services and operation and maintenance (O&M) services on the UK continental shelf, however this has now been resolved, in principle.Namely, in order to address the Competition and Markets Authority’s (CMA) competition concerns, the companies have recently offered to sell off almost all of Amec Foster Wheeler’s assets which contribute to these services in its upstream offshore oil and gas business in the UK.According to a statement by Wood Group on Tuesday, the CMA has recently approved in principle the proposed remedy.