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Archive for November 3rd, 2011

Learn the ABC’s of Retail Globalization at the 2012 ICSC Retail Real Estate World Summit

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Accessing capital, Building Brands, Crossing Borders

NEW YORK, Nov. 3, 2011 /PRNewswire-Asia/ — What role should the retail real estate industry play in communities and economies around the world? The International Council of Shopping Centers (ICSC) 2012 Retail Real Estate World Summit will explore this very question. Retail property development opens the door to a variety of benefits to local communities including creating jobs and providing much needed sales tax revenues, which fund important services like schools and hospitals, as well as fire and police departments. Continuing to make these important economic and social contributions takes a concerted effort, which is why ICSC hosts the World Summit every five years, providing a platform to analyze the industry’s effectiveness in providing these contributions, as well as the opportunity to implement positive changes in the years to come.

“It’s important for the industry to gather every few years to take stock of how retail real estate has become a catalyst for continued growth on both a social and economic level,” said Michael P. Kercheval, president and CEO of ICSC. “By identifying the proper roles for the industry, we can maximize its growth potential and, ultimately, its reach.”

Taking place on September 12-14, 2012, the World Summit will be held in Shanghai, China and will include attendees from over forty countries.

Due to its rapid development over the last two decades, Shanghai has once again become a leading global city. Its significant influence in commerce, culture, finance, media, fashion, technology and transport makes it an ideal spot for the World Summit. After all, when the topic of discussion is the position of shopping centers within a community and economy, what better place to act as host than a burgeoning metropolis with its finger on the pulse of the future?

The 2012 World Summit’s Exhibition is one of the event’s many highlights. Featuring a full day of deal making, the exhibition will offer attendees the chance to discuss business opportunities throughout the world. Additionally, the Exhibition will include over sixty booths, showcasing the most important companies around the world.

Another significant attraction that will be featured in the World Summit is a tour of shopping centers in Shanghai. Hitting four local shopping centers, the study tour will provide participants with exposure to fresh ideas and innovations that could potentially be implemented into their own centers. Through meeting with management teams of each center, sharing experiences, and discussing architectural and design concepts, attendees are sure to leave with more than just a brochure.

The 2012 ICSC World Summit will be hosted in conjunction with ICSC RECon Asia. For more information please visit http://www.icsc.org/2012RWS .

Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 55,000 members in over 90 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials. As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world. For more information, visit http://www.icsc.org.

Contact:

ICSC

Jesse Tron
Tel: +1-646-728-3814
Email: jtron@icsc.org

Pronto Communications

Merry Yin
Tel: +86-10-8451-2339

Cat Chan
Tel: +852-2540-6872
Email: prontopr@pacific.net.hk

SOURCE﹛International Council of Shopping Centers (ICSC)

Written by asiafreshnews

November 3, 2011 at 5:33 pm

Posted in Uncategorized

Goodman European Logistics Fund launches Euro 400 million underwritten rights issue and announces Euro 800 million debt package

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SYDNEY, Nov. 1, 2011 /PRNewswire-Asia/ — Goodman Group (Goodman or Group) today announces that Goodman European Logistics Fund (GELF or Fund) has launched a Euro 400 million underwritten equity raising (Rights Issue) and agreed credit approved terms for a new Euro 800 million debt package (the Refinance).

Goodman Group CEO and Chairman of the GELF Investment Committee, Greg Goodman said, ※These are significant capital management initiatives for the Fund which will further strengthen GELF’s balance sheet and ensure gearing is maintained below 40% in line with the Fund*s long term gearing target. The initiatives will also provide approximately Euro 500 million of investment capability giving the Fund capacity to increase gross assets to Euro 2 billion and improving financial flexibility.§

The key details of the initiatives are as follows:

Rights Issue

— Euro 400 million to be undertaken by way of a pro-rata rights issue
— Euro 345 million fully underwritten by APG (Euro 150 million), PGGM (Euro 50 million) and Goodman (Euro 145 million)
— Pricing at current unit value
— The allocation structure under the offer will see Goodman scaled back, subject to demand from existing and new investors.

Refinance

— Euro 400 million of secured facilities
— Euro 400 million unsecured facility
— The unsecured facility has been structured to allow GELF to transition to debt capital markets over the next few years to diversify its long term funding sources.

GELF is Continental Europe*s largest unlisted logistics fund with Euro 1.6 billion of high quality logistics assets under management. The Fund has a weighted average lease term of approximately five years and customers include blue chip companies such as Kuehne & Nagel, Amazon, DHL and DSV.

The Rights Issue secures funding for GELF*s development pipeline, and provides the investment capacity for the Fund to participate in development opportunities from the Group through its first right of refusal and opportunities from the broader market.

Goodman Group Continental European CEO, Danny Peeters said, ※The Group has a market leading position in European logistics and the operational platform continues to provide a strong pipeline of high quality core logistics product with strong ongoing demand from the investment market. The Rights Issue allows GELF to enhance its portfolio and consider other strategic opportunities over the short term.§

APG*s Head of European Non-Listed Property Investments, Robert-Jan Foortse said, ※By continuing to support the platform we aim to enhance our exposure to a portfolio that contains high quality assets in the logistics sector which are well diversified over Continental Europe’s main economies. The improved balance sheet strength post these initiatives positions GELF very well to take advantage of opportunities across Europe.§

PGGM*s Senior Investment Manager, Private Real Estate Europe, Mathieu Elshout said, ※We have been satisfied with GELF*s performance since making our initial investment last year, and with this equity raising we believe the Fund will be well positioned to benefit from opportunities currently available in the market.§

Mr Goodman concluded, ※The GELF initiatives demonstrate the ongoing support of both equity and debt capital partners for our managed fund platform, which is a critical element in the execution of the Group*s strategy. Together with our venture with CBRE Realty Trust, Goodman has significant capability and resources to participate in the Continental European logistics market where it is a leading player.§

For further information, please contact Goodman:

Greg Goodman
Group Chief Executive Officer
Tel +61 2 9230 7400

About Goodman:
For more information please visit: www.goodman.com

About GELF:
For more information please visit: www.goodman.com/fund-management/gelf

About APG:
For more information please visit: www.apg.nl
SOURCE Goodman Group

Written by asiafreshnews

November 3, 2011 at 4:04 pm

Posted in Business & Finance

PayPal Opens Global Operations Centre in Malaysia to Support Significant Demand for Online Payments Worldwide

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Company now expects to hire up to 500 jobs by end-2013

PETALING JAYA, Malaysia, Nov. 1, 2011 /PRNewswire-Asia/ — PayPal today officially opened the doors to its new global operations centre in Malaysia. This new facility offers service and support in English to PayPal’s customers across Asia and provides additional risk and financial services operations for PayPal’s business globally. Further Asian language support will be added in the near future. Hiring at the facility is well ahead of schedule with 200 staff already on-site. The company plans to hire up to 500 employees by end of 2013.

(Photo: http://www.prnasia.com/sa/2011/11/01/20111101172239588996.html )

The facility is strategically located at 1 First Avenue, Dataran Bandar Utama, which is a Multimedia Super Corridor (MSC) status building developed to support the growth of high-tech companies in Malaysia. To expand its facility, PayPal is recruiting Internet-savvy university graduates and providing extensive training programmes on site. Interested candidates can apply online for customer service representatives and operational specialist positions at http://www.ebaycareers.com/home.html .

“As PayPal’s business continues to grow globally, we are also expanding our operations and customer support to ensure we can deliver a great customer experience for anyone with a PayPal account,” said John McCabe, PayPal’s senior vice president of global operations. “We couldn’t be more pleased to open this new facility in Malaysia to help support our growth and better serve our customers in Asia and around the world.”

“We are happy to welcome PayPal to Malaysia as it puts the country on the global map for e-commerce and brings hundreds of higher-value jobs in the Internet and finance industries to our country,” said Dato’ Mukhriz bin Tun Dr. Mahathir, Deputy Minister (Trade), Ministry of International Trade and Industry. “As a global leader in the payments industry with a well-known reputation as a quality employer, PayPal is the type of high-growth multinational company that we want to attract, invest and grow in Malaysia with our globally competitive workforce, world-class business environment and excellent technology infrastructure.”

“PayPal has an excellent track record in Malaysia with several global and regional firsts, including our partnership with Maxis for online bill payment and mobile commerce, our alliance with RHB for real-time top-up and send money services, and our co-branded prepaid card with MOL,” said Rupert Keeley, PayPal’s senior vice president for Asia Pacific. “Today’s grand opening ceremony is a milestone for the region as we expand our capabilities to help millions of consumers and merchants pay more safely online, and increasingly, on mobile devices.”

PayPal’s new facility in Petaling Jaya, Malaysia joins other global operation centres located around the world including Berlin, Germany; Chandler, U.S.A.; Dublin, Ireland; Omaha, U.S.A.; Shanghai, China; and Sao Paulo, Brazil. The company is noted for its exceptional work environments and its commitment to both employees and the local community.

About PayPal

PayPal is the faster, safer way to pay and get paid online. The service allows members to send payments without sharing financial information, with the flexibility to pay using their account balances, bank accounts (where available), debit cards and credit cards in various markets. PayPal is an eBay company and enables global e-commerce with more than 103 million active accounts in 190 markets and 25 currencies around the world. PayPal is headquartered in San Jose, California and its international headquarters is located in Singapore. More information about the company can be found at https://www.paypal.com/my .

Media Contacts:

Dickson Seow
PayPal Asia Pacific
+65-6510-6463
dseow@paypal.com

Malini Mitra
PayPal Southeast Asia
+65-6590-5543
mamitra@paypal.com

Idran Junadi
The Hoffman Agency
+65-6238-1851
ijunadi@hoffman.com

SOURCE: PayPal

Written by asiafreshnews

November 3, 2011 at 2:15 pm

Posted in Uncategorized

Sydney Festival 2012

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THIS IS OUR CITY IN SUMMER

JANUARY 7-29

SYDNEY, Nov. 2, 2011 /PRNewswire-Asia/ — Sydney Festival( http://www.sydneyfestival.org.au/2012 ) has announced the 2012 program for its next annual three-week celebration, January 7-29.

Sydney Festival is an explosion of exceptional theatre, dance, music, exhibitions, film and talks that takes over the city, celebrating uniquely Australian work as well as welcoming companies from all over the world. The Festival prides itself on its free large-scale outdoor events including concerts and performances and even a ferry race( http://www.sydneyfestival.org.au/2012/Family/Ferrython ) on Sydney’s iconic harbour.

To view the multimedia assets associated with this release, please click: http://multivu.prnewswire.com/mnr/sydney-festival-2012/52941

(PHOTO: http://photos.prnewswire.com/prnh/20111102/MM97155 )

Sydney Festival is the most wonderful summer festival in the world — a claim underpinned by the city’s lustre and charisma, making it an ideal showcase for the world’s great artists. In 2012, Sydney Festival welcomes back some favourites of Sydney audiences — choreographer Sidi Larbi Cherkaoui( http://www.sydneyfestival.org.au/2012/Dance/Babel-Words ), legendary theatre director Declan Donnellan( http://www.sydneyfestival.org.au/2012/Theatre/Tis-Pity-Shes-a-Whore ), the acclaimed National Theatre of Scotland( http://www.sydneyfestival.org.au/2012/Theatre/Beautiful-Burnout ), two-time Mercury Prize winner PJ Harvey( http://www.sydneyfestival.org.au/2012/Music/PJ-Harvey ), and versatile singer Mike Patton( http://www.sydneyfestival.org.au/2012/Music/Mike-Pattons-Mondo-Cane ).

Sydney Festival opens with one of Australia’s largest free outdoor events — Festival First Night( http://www.sydneyfestival.org.au/2012/Festival-First-Night/About ), an extravaganza that invites everyone to experience Sydney in spectacular and surprising new ways. In recent years, Sydneysiders and visitors alike have enjoyed free performances by Brian Wilson, Grace Jones, Al Green, Emmylou Harris, Sharon Jones & The Dapkings, Arrested Development and many more. Audiences have been dazzled by massive projections on buildings; seen Australia’s leading contemporary dancers; cheered on a mass saxophone ensemble battling it out with a pipe band; learnt to play the ukulele; witnessed three large-scale weddings; enjoyed watching the extraordinary and the very silly; and joined in a dance routine with 200,000 others.

QUICK FACTS

— Sydney Festival is Australia’s largest summer festival
— For three weeks every January, Sydney Festival presents a broad array of theatre, music, dance, exhibitions, film and talks, attracting up to one million enthusiastic locals and visitors
— The Festival uses 30 venues across the city including Sydney Opera House, as well as parks and city streets
— Sydney Festival 2012 has 11 world premieres, 15 Australian exclusives and 14 Australian premieres, presenting more than 1500 artists from around the globe
— The Festival is a celebration on a massive scale and is a
natural promotion of the city — both are synonymous with
energy, style, spectacle and sophistication
— The Festival has multiple outdoor late-night venues, set amongst some of the city’s oldest buildings and parks. These late-night venues are a great way to experience the Festival ‘buzz’ on a balmy summer night.

Media Contact:

Sarah Wilson
Publicity Manager
Work +61-2-8248-6523
Cell +61-405-364-643
sarah.wilson@sydneyfestival.org.au
SOURCE Sydney Festival

Written by asiafreshnews

November 3, 2011 at 10:21 am

Posted in Travel