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quote:

konijnenmelkertbaan schreef op 8 november 2023 12:14:

SPG/Klépierre: een positieve voorbode voor URW?

Simon Property Group is monetising around half of its 22.4% stake in Klépierre. What are the implications for Klépierre and at sector level?

Kan helaas niet het hele rapport lezen. Iemand lid?

www.research-tree.com/research/alphav...

quote:

Lamsrust schreef op 8 november 2023 14:31:

[...] Ik ben wel benieuwd inderdaad wat erin staat. Kennelijk heeft SPG geen plannen om via KLEP Europa in te stappen, maar focussen zich op de thuismarkt. Misschien verkopen ze KLEP om met de opbrengst US flag ships van URW te kopen? Opbrengst is plm. EUR 850 mln, dus daar kom je niet zo heel ver mee.

quote:

Franse aandelen schreef op 8 november 2023 14:39:

[...]

Two brains, one thought ...

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HCohen schreef op 8 november 2023 14:52:

[...]

Might I ask you what your nationality is 'franse aandelen'?
(@'Never lose your curious mind')

* 'Two brains, one thought' comes from the dutch expression 'twee hersenen, één gedachte'(literally translated)
In English they use another idiom, namely 'Great minds think alike'.
* the phrase "I don t have either access."(14.07h) sounds like a translation(grammatically incorrect English)

quote:

Franse aandelen schreef op 8 november 2023 14:53:

[...]\

European :-)

quote:

HCohen schreef op 8 november 2023 14:56:

[...]

:-) ;-)

quote:

Franse aandelen schreef op 8 november 2023 14:38:

However one point regarding Klepierre and the European sector implication :
A question that needs to be asked is who is the buyer of the SPG notes ... Is there ONE buyer or are there many buyers... In theory if one buyer, who is it ? And what is SPG doing with the money received.

Just for the purpose of theory : Could in theory for instance URW be interested in Klepierre ? And if yes, is SPG by any chance using the proceed to make an offer on US assets of URW ? This is a theoretical and provocative hypothesis and probably nonsense, but can we at this stage exclude it ?

Anyways, after giving it a second thought, despite Klepierre being more expensive than URW, maybe Klepierre is still interesting if one believes the theory of one whatever buyer of the notes to hold...

I am not saying there is... Just brainstorming... What do you all think ? Could there be one buyer ?

quote:

Lamsrust schreef op 8 november 2023 15:26:

[...]
"SPG however can be a candidate URW wants to sell NY trade centre to, as this CBD asset requires a new strategy in order to solve the 30% vacancy. URW can decide to spend its time and money on the remaining flag ships with vacancy below 10% and to offer Simon a discount on this land mark asset."

quote:

HCohen schreef op 8 november 2023 14:56:

[...]

:-) ;-)

NB "your (positif)presence here is highly appreciated(!), I was merely being curious.."

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Lamsrust schreef op 8 november 2023 15:26:

[...]

As mentioned earlier I however do see URW buying ECP's flagships at relatively high niy's through a public bid on the outstanding shares together with PE.

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Franse aandelen schreef op 8 november 2023 16:06:

[...]

Bedankt :-) Or should I say "merci bien" since you said "positif" which is neither Dutch nor English but French (or Belgian French ?) :-) Just joking...

I am glad to have found the thread you opened on URW, it is the highest private investor quality discussion forum on URW... Maybe thanks to former Rodamco employees (hehe)?

Best regards.

quote:

HCohen schreef op 8 november 2023 16:46:

[...]

:-) I could say it was a typo(forgot the 'e'), but it wasn't.
Je suis plus ou moins trilingue(my french just at a modest B2-level, English at C1), et j'ai mélangé NL/FR ;-)
(I live in France)

Note;
To be completely honest I'd have to say that a) I'm not the forebearer of the URW-threads(there were others before me) and b)
it was by chance my colleagues on the forum bestowed me the honor of opening the thread.
Lamsrust was asked by me, but declined respectfully(from my perspective, he is the first in line ;-) ).

I think you're right about that history bit (Rodamco), national sentiments still very much present everywhere imho.'
Ofwel op zijn Nederlands, "Wat de boer niet kent, dat eet hij niet" :-) .

Cordialement.

quote:

HCohen schreef op 8 november 2023 16:46:

[...]
Ofwel op zijn Nederlands, "Wat de boer niet kent, dat eet hij niet" :-) .

Cordialement.

quote:

Franse aandelen schreef op 8 november 2023 16:11:

[...]

Also interesting remark. I have to admit that I don't know the ECP portfolio yet. Thus I can't yet have an own opinion on your remark above and prior remarks.

quote:

Lamsrust schreef op 8 november 2023 17:45:

[...]

You can find the five flagships here: www.eurocommercialproperties.com.

Branco P, a forum member here, has the most knowledge on these assets.