浙江小海棠

Brookfield’s US malls are struggling. Now it’s buying some in Europe

first_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Share via Shortlink Hammerson CEO Rita-Rose Gagne and Brookfield’s Bruce Flatt. (Hammerson, Brookfield, Getty)The pandemic has pummeled malls across the U.S., including many controlled by Brookfield Asset Management. But Brookfield still sees in a future in the properties, at least across the Atlantic Ocean.The firm has agreed to buy a portfolio of seven shopping centers from struggling U.K. mall giant Hammerson. Bloomberg reported the news, citing the British paper, the Sunday Times.Brookfield will pay the equivalent of $479 million for the seven properties. Hammerson owns malls in the U.K., France and Ireland.The properties are the same ones Hammerson agreed to sell to Orion last year for about $500 million. That deal fell through in May.Hammerson said it continues to sell properties to “further strengthen its balance sheet,” adding that gross proceeds from sales this year total about 73 million pounds, or about $100 million, the report noted. That would make the Brookfield sale by far the firm’s largest deal this year.ADVERTISEMENTOn April 1, Brookfield reached an agreement to take its Covid-dinged real estate arm private by acquiring all of Brookfield Property Partners’ outstanding shares in a deal worth $6.5 billion. Brookfield Property Partners’ retail component has been hammered by the pandemic. The company controls one of the largest mall portfolios in the U.S. It has turned over some of these malls to lenders and said it is negotiating with special servicers on at least 20 of them in its fourth quarter earnings call with analysts.Meanwhile, Hammerson wrote down the value of its real estate portfolio by about 2 billion pounds last year — $2.7 billion — citing a massive decline in rental income. As of the fall, Hammerson was recalculating rent with some tenants based on sales including online sales.Recently appointed CEO Rita-Rose Gagne has signaled that Hammerson will continue selling properties. The firm is also considering redeveloping some of their retail properties with residential buildings.[Bloomberg] — Dennis Lynch  Tags BrookfieldCoronavirusEuropemallsRetail Real Estatelast_img read more

HSPH Dean Julio Frenk on health reform lessons from Mexico

first_imgDean Julio Frenk, who served as Mexico’s minister of health from 2000 to 2006, contributed to the Harvard Business Review’s “Innovations in Health Care” blog. As countries from Ghana to the United States grapple with expanding health care coverage for their citizens, policy efforts in Mexico have lessons to offer, he writes. As minister of health, Frenk introduced a program of comprehensive national health insurance, known as Seguro Popular, which expanded access to health care for tens of millions of previously uninsured Mexicans. As of December 2010, 40 million people were enrolled in the program and the country is on track to achieving universal health care coverage this year, Frenk writes.The impacts of this type of program are felt not only in health gains, but in educational performance and economic growth, Frenk writes. Mexico is “fighting a different war, against ill health and poverty, and the prospects are very promising.”last_img read more

Valamar is donating a thousand overnight stays this year as well

first_imgEach association will be informed in writing about the exact number of approved overnight stays, the number of children and leaders in the group, the duration of free holidays, as well as the proposal of a possible date, destination and facility where the group will be able to stay, Valamar points out. Donations will be realized in mutual agreement of the donor and recipient of the donation in accordance with free capacities and organizational possibilities of group accommodation and available dates during the pre-season and post-season 2018. With each of the associations approved by the donation Valamar Riviera dd will sign a donation agreement. For the fifth year in a row, Valamar Riviera is enabling children with certain health problems, children with special needs and without adequate parental care, and children from low-income families to spend their holidays in their facilities from Istria and Kvarner to Dubrovnik.In the competition for the donation program “A Thousand Days on the Adriatic Sea”, which was open from April 10 to April 20, 2018, Valamar Riviera received a total of 26 valid applications. The Valamar Riviere Commission has decided to grant all associations that have submitted a valid application a certain number of holiday days within this year’s total fund of one thousand nights with boarding service included, taking into account the quality of the registered program and previous participation. Institutions, schools and registered associations based in the Republic of Croatia could apply for the competition. In the past four years of the project, more than 1500 children and leaders from all over Croatia spent their summers in Valamar’s facilities, and in 2017 alone, more than a thousand overnight stays were donated for more than 300 children and leaders.”A Thousand Days on the Adriatic Sea” is carried out within the Valamar program of socially responsible business “Big Heart of Valamar”. This program actively and continuously supports associations and initiatives in the local community, cares for the most vulnerable and most needy sections of society and further encourages the development of a culture of reciprocity. Valamar Riviera is the only company in Croatia that received the Pride of Croatia award for this program last year, and the Croatian Public Relations Association Grand Prix for communication for the same program this year.LIST OF ASSOCIATIONS TO WHICH VALAMAR RIVIERA WILL AWARD GRANTS IN 2018:Association of foster parents and family homes “Nada”, IvanecZIPKA Association of foster parents for children and youth of Varaždin County, VaraždinRehabilitation Center Varaždin, Pustodol BranchSANUS club for parents of children suffering from and treated for malignant diseases, SplitAssociation “Big heart to small heart”, ZagrebSociety for Improving the Quality of Life of Poor and Orphaned Children “MALI ZMAJ”, ZagrebCroatian Association of the Blind, ZagrebMalteser Association, Zagreb”Happy Mom”, Association for Single Parents and Single Parents, ZagrebCenter for Education Velika GoricaElementary school “Ljubo Babic”, JastrebarskoElementary school Komarevo, Sisak (Gornje Komarevo)Association of Foster Parents PGŽ DAMDOM, RijekaAssociation of Young Roma “Roma Future”, RijekaIzvor Community Service Center, SelceAssociation of Persons with Disabilities of the City of OpatijaAssociation of Foster Parents of Vukovar-Srijem County “Zagrljaj”, VukovarAssociation of Persons with Intellectual Disabilities “Sunflower”, Nova GradiškaSports club Croatia, PožegaAssociation for Helping People with Intellectual Disabilities “Latice”, KoprivnicaAssociation of the Blind of Koprivnica-Križevci County, KoprivnicaAssociation of foster parents for children “Smile”, ĐurđevacAssociation of foster parents of children and adults “Big Heart”, ČazmaI. Elementary school ČakovecAssociation of Foster Parents of Međimurje, ČakovecAutism Association “Pogled”, Nedelišćelast_img read more