A $12.6B land deal underscores shifting retail battlefield

| October 29, 2019

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Shares in Liberty Property Trust jumped 15% Monday after yet another land deal that underscores the drastic changes in how Americans shop. Over the weekend, Liberty was acquired by rival Prologis in a deal the commercial real estate companies are valuing at $12.6 billion, including debt. Commercial properties are increasingly in demand as people shop online and the popularity of quick delivery surges, especially near urban areas. Controlling warehouses in multiple locations allows companies like Amazon.com to package, ship and deliver goods often within hours of an order. Last month, the private equity firm Blackstone acquired $5.9 billion in commercial real estate from Colony Capital. "As retailers continue to shorten delivery times and expand their last mile footprints, we believe warehouses in dense population centers will continue to experience outsized demand growth," Nadeem Meghji, head of real estate Americas at Blackstone, said at the time.

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Ascend Corporation

Ascend Money: Leading financial services provider in SE Asia, operating under the TrueMoney brand for payments and Ascend Nano for lending. With its headquarter in Bangkok, Thailand, Ascend Money operates in five other countries: Indonesia, the Philippines, Vietnam, Myanmar and Cambodia. Ascend Money targets two under-served groups: 1) digital consumers with its innovative mobile wallet application and 2) the under-banked with its massive agent network. It currently provides payment services such as domestic and international remittance, bill payment, top up services, eCommerce payments and payroll services.

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How is coronavirus impacting the retail industry?

Article | March 19, 2020

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Article | April 21, 2020

To say these are interesting times for the retail sector would be an understatement. COVID-19 has created a dichotomy the likes of which we've never seen before. On the one hand, a large percentage of retailers have closed up shop temporarily either in response to regulatory mandates, or due to dwindling customer foot-traffic. And on the other hand, a number of retailers remain open for business and under great strain as nearly all remaining retail traffic is funneled to grocery stores, pharmacies, hardware stores and big-box retailers considered to be essential in the eyes of regulators.

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Article | April 7, 2020

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SEE WHO IS SPEAKING AT MPC20!

Article | July 16, 2020

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Spotlight

Ascend Corporation

Ascend Money: Leading financial services provider in SE Asia, operating under the TrueMoney brand for payments and Ascend Nano for lending. With its headquarter in Bangkok, Thailand, Ascend Money operates in five other countries: Indonesia, the Philippines, Vietnam, Myanmar and Cambodia. Ascend Money targets two under-served groups: 1) digital consumers with its innovative mobile wallet application and 2) the under-banked with its massive agent network. It currently provides payment services such as domestic and international remittance, bill payment, top up services, eCommerce payments and payroll services.

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