Dubai’s Majid Al Futtaim hires HSBC for sale of district cooling unit – sources

DUBAI (Reuters) – Dubai’s Majid Al Futtaim (MAF), which develops shopping malls across the Middle East, is putting its district cooling unit up for sale, four sources with knowledge of the matter told Reuters.

FILE PHOTO: A man walks past a sign at the Majid Al Futtaim headquarters in Dubai during the Reuters Consumer and Retail Summit September 11, 2012. REUTERS/Jumana ElHeloueh/File Photo

District cooling firms deliver chilled water via insulated pipes to cool offices, industrial and residential buildings.

MAF has hired HSBC to tender the deal, said the sources, declining to be named as the matter is not public.

MAF, which also operates the Middle East franchise of French retailer Carrefour CARR.PA, in a statement on Tuesday said it continually assesses its business portfolio to ensure it remains “fit for purpose and positioned for long term sustainable growth.’

“Accordingly, we explore new opportunities on a regular basis, carrying

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Super Sweet Casa With In-Law Unit: For Sale In El Cerrito

EL CERRITO, CA — This newly listed home for sale in El Cerrito — with charm aplenty —likely will not linger on the market. Built in 1928, the Spanish-style property boasts a fetching facade, built-ins, period-perfect doorways and fireplace, and a stunner pair of arched windows in the main room.

Remodeled a few years ago, the 2,294-square-foot residence features a modern kitchen, sleek appliances and three baths, one with radiant-heated floors.

And a true asset is the lower level’s in-law suite with a kitchen, bath, bedroom, living area and separate entrance.

Take a peek, and don’t miss the backyard. … Follow the listing link for more photos and info.

  • Address: 5435 Poinsett Ave, El Cerrito, California
  • Price: $899,000
  • Square Feet: 2294
  • Bedrooms: 5
  • Bathrooms: 3 Baths
  • Built: 1928
  • Features: Mediterranean with in-law unit added downstairs in 2017 with permits! Blocks to two parks, Poinsett Park and Canyon Trail, this home
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Burger King China Owner Weighs Sale of $1.2 Billion Unit

(Bloomberg) — TAB Food Investments, the largest global franchisee of Restaurant Brands International Inc., is exploring a sale of its China business in a deal that would value the asset at more than $1.2 billion, people with knowledge of the matter said.

a group of people standing in front of a sign: Men walk past a Burger King Worldwide Inc. store in the Luohu district of Shenzhen, China, on Thursday, Dec. 19, 2013.

© Bloomberg
Men walk past a Burger King Worldwide Inc. store in the Luohu district of Shenzhen, China, on Thursday, Dec. 19, 2013.

TAB Foods, or TFI, is working with an adviser to gauge interest for its 50% stake in Burger King’s Chinese operations from potential suitors including private equity firms, the people said. A sale could kick off as soon as next month, the people said, asking not to be identified as the information is private.


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The Istanbul-based TFI previously considered a Hong Kong initial public offering of the Chinese business after earlier scrapping plans for a U.S. share sale of its global operations, people

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