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Britney Pearce

London, United Kingdom

None

Member since September 13, 2013


  • Real_estate_asset_restructuring_177_

    Central American Retail Holding Company (CARCHO) - Merger Integration

    The Situation *Retailer operating 50,000 square foot stores needed to retain its good real estate locations but also needed to downsize its store level operating space to a smaller format *Some locations were owned and some were leased *Most of the leased locations had below market rental rates *The retailer was operating in bankruptcy

    The Solution *Transition stores to a 25,000 square foot format and, in the process, subdivide the stores *Simultaneously offer these stores for sublease

    The Results *Completed 80 full remodels, 135 reconfigurations *Subleased approximately 50 stores to third-party retail tenants *Negotiated consensual arrangement with landlords to allow subleases *Generated $15 million in incremental income *Downsizing to smaller stores

    CorlissMoore principals bring years of senior executive experience - we know and understand the issues faced by boards, management and stakeholders in today's turbulent economy. More cost effective and responsive than larger firms, CorlissMoore helps clients navigate through challenging, unique or crisis situations, plan for future growth, develop an appropriate strategy, and lead and execute that strategy. Whether serving as interim management or working on a project basis, CorlissMoore offers relevant insight along with our pledge to do so in a timely and efficient manner.

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  • Source Link: http://www.reuters.com/article/2013/09/10/us-china-developer-ipo-idUSBRE9890CV20130910

    (Reuters) - SZITIC Commercial Property Co Ltd, which sold a stake in two of its malls to U.S. private equity firm Carlyle Group LP (CG.O) in May, plans an up to $1 billion Hong Kong IPO as soon as the fourth quarter of 2013, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

    The Shenzhen-based shopping mall developer hired JPMorgan (JPM.N) and China International Capital Corp (CICC) to handle the initial public offering, the paper said.

    The deal could come by the end of the year or in the first quarter of 2014, it added.

    SZITIC sold a 49 percent stake in the malls, located in second-tier cities of Hangzhou and Suzhou, to Carlyle for an undisclosed sum.