February 16, 2012
Costar… Yum! Brands, the world’s largest restaurant company with more than 38,000 eateries in more than 110 countries, is turning more and more of its attention to China. To help fund its expansion overseas, the firm is in the process of selling off a big chunk of its U.S. restaurant real estate. The Louisville, KY-based company’s restaurant ownership in the U.S. dropped to 13% from 15% last year. Yum! Brands closed or sold/refranchised 404 restaurants… Original post: Real Estate On the Menu at KFC, Taco Bell and Pizza Hut Find our Weekly Commercial Real Estate, Private Equity and Fund Newsletters at www.WeeklyBrief.net
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February 16, 2012
The head of real estate for Chinas giant sovereign wealth fund resigned last week after two months on the job following other departures from the real estate division of one of the worlds most acti. … most-active property investors. Patrick Wu, who had been with China Investment Corp. for about four years, was elevated to the top position in the real – estate group in December, succeeding Collin Lau, who took a position with the fund's European private – equity division…
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