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In January he announced an unscrambling of his empire of interlocking property, retail and telecoms assets.
As long ago as 2005 Management Today magazine was saying that Manchester was gaining the edge in housing, property, retail, leisure and professional services.
Moreover, said Mr. Shute, the "crisis of supply" extends to other areas, too — residential property, retail space, hospital beds, school spaces.
Pension funds have increased their allocation to property, retail investors are starting to take an interest, and foreign money continues to pour in.
It operates through three segments: Property, Retail, and Financial Services.
Inherited Wing Tai Holdings, a property, retail and textile firm started by his family in Hong Kong in the 1950s; remains chairman.
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9. Guo Guangchang $1.15 billion/Shanghai/39 Guo and three buddies founded Fosun Group, now one of China's largest nongovernment-owned conglomerates; interests in steel, property, retailing and real estate.
It operates through the following business segments: New York Office Properties, Washington, DC Office Properties, Retail Properties, Toys and others.
While the highest-end properties continue to hold out, the big questions for the remainder of 2008 and into 2009 are how long properties, retail and office can hold up in the face of a global economic slowdown as investors and businesses alike start to feel the pinch.
Of the commercial property sectors, retail seems to offer the greatest opportunities for foreign investors.
This has merely prolonged their agony and that of their borrowers in the building, property and retail industries.
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