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...At home Vuong invested in property — his first project was a resort called Vinpearl — and went on to develop everything from office towers and shopping malls to housing projects....
...The ruler’s move recognises both the importance of the firm, which runs 27 malls including Dubai’s flagship Mall of the Emirates, and the debilitating impact of succession conflicts on the private companies...
...The retail and leisure empire operates 29 malls, including Dubai’s Mall of the Emirates, and built the region’s first indoor ski slope....
...(FT) East-West divide HSBC’s destiny is in China, though you wouldn’t know that by the composition of its 14-person board. Only two members are Chinese....
...Pan-African private equity group DPI promoted three new senior partners: west Africa deal lead Babacar Ka, east Africa deal lead Takudzwa Mutasa, and portfolio manager Marc Stoneham*....
...(BBG) Resurrecting retail America’s abandoned malls have plagued real estate owners for years. Now they’re turning them into esports arcades, lounges and even stadiums....
...Mall operator Vincom has raised $708m in its initial public offering, marking the biggest ever domestic flotation in Vietnam....
...The money was needed, Mr Flatt explains, to pay for a big wager on US malls — a sector that many investors have left for dead....
...New York City has bolstered its credentials as the East Coast’s answer to Silicon Valley after Google announced it will build a $1bn office campus in lower Manhattan just weeks after Amazon unveiled a similar...
...Earlier this year, Google greatly added to its real estate holdings in New York after paying $2.4bn for nearby Chelsea Market, a former biscuit factory-turned-shopping mall and office complex....
...Warburg, which has invested about $1bn in Vietnam, got to know the bank after making an investment in Vincom Retail, a shopping mall developer that went public last year, what was the Ho Chi Minh stock exchange...
...The Middle East lags behind other regions in embracing digital commerce....
...Vietnam’s stock exchange is preparing for its biggest initial public offering after bankers selling mall operator Vincom found a way around a technical restriction that prevented big IPOs in the past....
...When Jeffrey Perlman, Southeast Asia head of Warburg Pincus, suggested to his New York partners that they commit $200m for a minority stake in Vincom Retail, a mall developer in Vietnam, there was some scepticism...
...Big-box sporting goods chain Sports Authority filed for bankruptcy this year, closing all of its shops, while department stores such as Macy’s are shutting stores in malls across the US....
...“We’ve got relations that go back years with owners of malls who are expanding – and we’re expanding with them,” Mr Cosslett said....
...It was twilight when we reached the campground, which was much more basic than Ocean Mesa....
...Government-related developers also build related infrastructure, such as large shopping malls and fountains, he said, in a reference to the emirate’s largest developer, Emaar....
...Its investment will fund the expansion of Vingroup’s existing network of seven shopping malls, including the construction of two “mega-malls” of more than 100,000 square metres each on the outskirts of Hanoi...
...Last year it sold regional US malls and other assets to free up capital....
...On the drive from the airport, we passed swanky new apartment blocks, five-star hotels, shopping malls and gated communities with names such as “English Village” or “Dream City”....
...Opening malls 24 hours a day during the Islamic Eid festival may not deliver more profits to retailers and mall operators....
...Some argue that Dubai has to dream big to maintain its competitive edge, pointing to the success of projects such as the Burj Khalifa, the indoor ski-slope at Mall of the Emirates and the Burj al-Arab....
...But despite increasing stealth taxes, the lack of income tax means state coffers are not as full as the city’s malls....
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