Hints and tips:
...Koenigsberger added that investors in emerging markets should emulate allocators in developed markets and build up their private market holdings....
...It said there were “significant growth opportunities” for the brand in North America, where Authentic Brands owns half of a joint venture with mall owner Simon Property Group....
...On the same day its deal with PNC was announced, BBVA said “it is holding talks” with smaller Spanish rival Banco de Sabadell....
...The Canadian asset manager Brookfield has also skipped payments on its shopping mall mortgages. But not everyone is licking their wounds....
...But can a shift to entertainment save the American mall?...
...Through a sovereign wealth fund, Doha is one of BPY’s biggest investors, holding $1.8bn worth of BPY preferred equity....
...Brookfield’s vast real estate holdings include ownership of London’s Canary Wharf in concert with Qatar’s state investment fund....
...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....
...As fewer Americans regularly make trips to the mall, many companies, ranging from Payless to luxury retailers like Saks have re-evaluated how many stores they need and how large the stores should be....
...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...
...According to Sears Holdings’ annual report: “Affiliates of Edward S....
...Investors say that banks are less willing to facilitate trading in the market and are holding reduced inventories of bonds, contributing to a lack of “liquidity”, particularly for riskier tranches....
...Separately, Sears also entered into a real estate joint venture with General Growth Properties, under which the Illinois-based retailer would sell 12 properties located at GGP malls....
...General Growth Properties, owner of shopping malls in 40 American states, was teetering on the verge of bankruptcy — and Mr Ackman, founder of the Pershing Square hedge fund, sensed it was time to buy....
...He then created Coroin, a holding company for the hotels, and teamed up with Mr McKillen....
...equity firm’s largest investment in shopping malls in Asia.”...
...Civil unrest spread nationwide on Friday after police aggressively shut down a rally in Istanbul’s Gezi Park, organised against government plans to build a shopping mall over it (Wall Street Journal, Reuters...
...Opening malls 24 hours a day during the Islamic Eid festival may not deliver more profits to retailers and mall operators....
...Maturities that were spooking investors this year – including Dubai Holding, Dubai International Financial Centre and the Jebel Ali Free Zone – have passed without panic....
...“[Abercrombie] stores were among the most crowded in the mall on Black Friday.”...
...But despite increasing stealth taxes, the lack of income tax means state coffers are not as full as the city’s malls....
...Majid Al Futtaim Holding, a Dubai-based operator of shops and malls across the Middle East, has had a rougher ride from the Arab awakening than most....
...As a matter of policy, DST does not pursue board representation at its holdings to avoid conflicts of interest....
...Nakheel projects have included, among other assets, Dubai’s Ibn Battuta and DragonMart malls and the Palm Jumeirah....
...Blackstone’s real estate group has broadened its spread of investments amid declining competition from cash-deprived private equity groups, deploying capital to buy the US shopping mall portfolio of Australia...
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