Regions International
Parque Arauco Appoints General Manager to Lead Colombia Expansion
Aug 27, 2008

Parque Arauco S.A., a Latin American shopping center developer and operator, has announced the appointment of Juan Pablo Romero as general manager of Inversiones Colombianas Arauco Ltd., Parque Arauco S.A.’s wholly-owned Colombian subsidiary. Romero, a Colombian, joins Parque Arauco with more than 10 years of experience in Latin American multinational business development, expansion and management. He began his career with the German chemical company, BASF. In 2003, he joined Avianca S.A., the Colombian airline where he was responsible for the financial reorganization and successful sale of the company.

 
Recent International Headlines
mcwilliams CNL, Macquarie Plan $1.5B Global REIT
Orlando-based CNL Financial Group and Sydney's Macquarie Group have joined forces for the first time to establish a new global REIT, CNL Macquarie Global Growth Trust Inc., which will pursue opportunities in just about every sector of commercial real estate in various areas around the world. The partners can afford to think big, as the proposed total offering for the REIT is $1.5 billion.
Office Market Positioned to Survive a Bruising Recession
As a deep recession looms around the world, there is a country where a conservative investment community has resisted speculative office construction, enabling vacancy rates to fall to historically low levels and rents to continue rising through the third quarter of 2008.
ProLogis to Sell China Operations, Interest in Japan Funds to GIC for $1.3B
Looking for ways to quickly cut debt and strengthen its balance sheet, industrial REIT giant ProLogis said it was selling its China operations and a 20 percent interest in its Japan property funds to GIC Real Estate for $1.3 billion.
CaledonCasino Century Casinos to Sell South African Properties for $48M
Century Casinos Inc. is selling Century Casinos Africa Ltd. to Tsogo Sun Gaming Ltd., a casino and hotel resort owner and operator in Southern Africa.
ProLogis Buy Eases Debt Squeeze on European Unit
Facing a looming CMBS debt maturity next summer, ProLogis European Properties is getting some much-needed breathing room from its corporate parent. In a deal valued at about 43 million euros, or $61 million, Luxemborg-based PEPR is selling ProLogis a 20 percent share of a private investment fund.