Set of Clint Eastwood Western 'Unforgiven' goes on sale for $18.8m


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Budding cowboys take note, the film set created for Clint Eastwood's Unforgiven has gone up for sale.

Built in 1992, the fictional town of Big Whiskey was constructed for the Western, which stars not only Clint Eastwood, but also Morgan Freeman, Gene Hackman and Richard Harris. It was released that year.

While the story was set in the American West, the movie was actually filmed in Canada, with Big Whiskey built in the foothills of the Rocky Mountains.

The set was constructed on land next to a property called Ranch at Fisher Creek where Eastwood lived during filming. The owners of the ranch later bought the entire set and had it faithfully rebuilt on their 194-hectare property.

Now, the ranch and its famous set is on sale for C$25.5 million ($18.8m) with Engel & Volkers Vancouver.

The property comprises a main lodge, guest cabins, an equestrian arena, a 4.4-hectare lake with a boathouse and the original film set of the town.

Situated about an hour's drive from Calgary, Ranch at Fisher Creek has a pine tree-lined driveway that winds past an old fort leading to the main lodge, which is built of logs and stone. The 1,142-square-metre property boasts five bedrooms, 11 bathrooms, seven fireplaces and a grand dining room. Also on the property are six guest cabins that are connected to the main house and one another via elevated walkways through the trees. The guest buildings have been converted into 17 Western-themed private suites and lofts.

A gateway on the main drive leads through to the rebuilt set of Big Whiskey, which remains faithful to the original film layout. The town consists of a sheriff’s office with two jail cells and an antique armoury cabinet, a saloon, a blacksmith with livery and stables, a bank and a carpentry shop. There is also a small church with a bell tower and a fully stocked merchants' shop.

The film set lies within in a 480-acre ranch in Canada. Photo: Engel & Volkers
The film set lies within in a 480-acre ranch in Canada. Photo: Engel & Volkers

The town was only for show — with most buildings little more than external walls. However, while moving it to its present site, the owners finished the buildings, turning each into a functional space.

In addition, there are expansive equestrian facilities, with an indoor equestrian arena, riding hall, stall space for five horses and a veterinarian office. The ranch also has its own helipad.

Unforgiven was also directed and produced by Eastwood. It won four Oscars in 1993, including Best Picture, Best Director and Best Film Editing.

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Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

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Pay varies significantly depending on the school, its rating and the curriculum. Here's a rough guide as of January 2021:

- top end schools tend to pay Dh16,000-17,000 a month - plus a monthly housing allowance of up to Dh6,000. These tend to be British curriculum schools rated 'outstanding' or 'very good', followed by American schools

- average salary across curriculums and skill levels is about Dh10,000, recruiters say

- it is becoming more common for schools to provide accommodation, sometimes in an apartment block with other teachers, rather than hand teachers a cash housing allowance

- some strong performing schools have cut back on salaries since the pandemic began, sometimes offering Dh16,000 including the housing allowance, which reflects the slump in rental costs, and sheer demand for jobs

- maths and science teachers are most in demand and some schools will pay up to Dh3,000 more than other teachers in recognition of their technical skills

- at the other end of the market, teachers in some Indian schools, where fees are lower and competition among applicants is intense, can be paid as low as Dh3,000 per month

- in Indian schools, it has also become common for teachers to share residential accommodation, living in a block with colleagues

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7.40pm: Maiden Dh165,000 (D) 1,600m. Winner: Mulfit, Pat Dobbs, Doug Watson.

8.15pm: Handicap Dh210,000 (D) 1,200m. Winner: Waady, Dane O’Neill, Doug Watson.

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Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: June 01, 2023, 9:11 AM