Factbites
 Where results make sense
About us   |   Why use us?   |   Reviews   |   PR   |   Contact us  

Topic: Paul Reichmann


Related Topics

In the News (Tue 7 Oct 08)

  
 TO CATCH A CANARY
And it was Reichmann who got the blame when Canary Wharf failed, undone by recession in Britain, hostility from the City and the absence of adequate transportation to the new complex.
Reichmann, however, though leading the investment team, is reported to be in a position to buy only a small slice of the project, perhaps as little as 5%.
Reichmann's attempt to climb back to the top comes after three years in the morass of bankruptcy court, where he lost almost all his holdings.
www.time.com /time/international/1995/950904/entrepreneurs.html   (789 words)

  
 01/20/97 FAITH AND FORTUNE--Part 1
Reichmann's forte as a property developer was the contrarian masterstroke, whether it was erecting a 72-story tower in downtown Toronto when many considered the city already overbuilt or constructing the most distinguished addition to the New York City skyline in half a century--the World Financial Center--on a sandbar in the Hudson River.
Paul was widely lauded as a commercial genius, ''an Einstein in a field that doesn't usually produce Einsteins,'' as one longtime colleague put it.
Reichmann succeeded in raising funds in the U.S., the parcel program was financed solely by the Reichmanns and a few other refugee families.
www.businessweek.com /1997/03/b35101.htm   (3082 words)

  
 CNW Group
Reichmann has also received offers from members of his family and foundations to sell to him their total of 5,724,412 RRR units for $7.02 per unit, which he intends to accept.
Reichmann had proposed an investor group to purchase RRR that would have required limited due diligence in order to address the specific structuring requirements of some of the proposed investors.
Reichmann is not acting jointly or in concert with any other person in connection with the proposed acquisition of RRR units.
www.newswire.ca /en/releases/archive/August2006/17/c6495.html   (292 words)

  
 CJNews Travel, Arts & Business   (Site not responding. Last check: 2007-11-03)
Handel believes that article was wrong in suggesting Paul's parents Renee and Samuel had questionable dealings with the Nazis while they were living in Tangier, Morocco, but he does not shy away from dealing with the topic.
Handel said he is fascinated by the Reichmanns' determination to maintain their strict, religious life, including its insularity, while becoming fabulously rich in the New World.
It became known that Reichmanns' "word was their bond," although they are not always saints in their business affairs, Handel said.
www.cjnews.com /pastissues/00/may25-00/tab/tab.htm   (855 words)

  
 Serving Both God and Mammon
Reichmann replied, ''If just one Jew eats the chocolate, I am satisfied.'' And nearly 50 years later, Isaac Klein, who had been in the slave labor camp of Kaupfering during the last months of the war, did remember receiving a food parcel that could have come from Tangier.
Paul has been notably quick to defend his mother's honor -- once, memorably, while pursuing a libel suit against Toronto Life magazine, which had published an article about the Reichmanns full of innuendoes about their Tangier years (and which later apologized after an out-of-court settlement).
In the mid-1950's the Reichmanns quit the balmy Tangier honeypot for the tundra, arriving in Canada with a rumored $30 million and settling in both Montreal and Toronto, where they established floor- and wall-tile companies.
partners.nytimes.com /books/97/02/09/reviews/970209.09richlet.html   (1586 words)

  
 Paul Reichmann - Wikipedia, the free encyclopedia
Paul Reichmann (born 1930) is a Canadian businessman best known for his leadership of the Olympia and York property development company.
Reichmann, at the time 75, announced that he intended to retire from business and sold many of his property holdings, realising considerable value.
In September 2006 Reichmann announced that he was bored with retirement and that he would be setting up a new $4bn fund, based in Toronto, with offices in the UK and Netherlands.
en.wikipedia.org /wiki/Paul_Reichmann   (933 words)

  
 Macleans.ca | Top Stories | Business | Beautiful loser   (Site not responding. Last check: 2007-11-03)
Before long, the development was a runaway success, and Reichmann went on to erect Latin America's tallest tower in Mexico City, while assembling a stable of retirement home properties across North America, which he took public in the late 1990s.
And Reichmann has yet to announce whether he'll fire back with a counter-bid, which could spark a bidding war and drive up the value of his holdings even more.
That triggered a fresh round of rumours that Reichmann, who already owns a stake, is preparing to mount a takeover of the property manager.
www.macleans.ca /topstories/business/article.jsp?content=20061106_135907_135907   (1268 words)

  
 CNN.com - Morgan clears Canary Wharf hurdle - Dec. 22, 2003
The result was a blow to Canary Wharf founder Paul Reichmann and Canada's Brascan Corp., one of Manhattan's biggest landlords.
Reichmann, with 8.9 percent of Canary Wharf, and Brascan, with nine percent, have outlined a pact under which each agreed to sell their shares to the other under certain conditions.
The proposals stipulated that Brascan would agree to a Reichmann takeover so long as it was worth at least 275 pence per share, or 280 pence if the building disposals were blocked.
cnn.com /2003/BUSINESS/12/22/canary.reut/index.html   (497 words)

  
 ZoomInfo Web Summary: Paul Reichmann   (Site not responding. Last check: 2007-11-03)
Reichmann has been involved in industrial and commercial real estate development for the last 40 years, originating many major commercial and retail development projects and directing their construction, leasing and financing.
Reichmann has been involved in commercial real estate development for the last 40 years, originating many major commercial development projects and managing their construction, leasing and financing.
Reichmann, who is a former chairman of Canary Wharf, is looking to preserve the integrity of the 86-acre complex.
www.zoominfo.com /Search/PersonDetail.aspx?PersonID=18347852   (595 words)

  
 Retirement REIT units up 19% on planned takeover bid from Paul Reichmann   (Site not responding. Last check: 2007-11-03)
Reichmann had previously said he was contemplating buying the seniors home owner in a bid to expand in the Canadian retirement home business.
Earlier this month, one of the Reichmann family's real estate businesses sold 67 health care and seniors' housing properties for about US$649 million to Ventas Inc. (NYSE:VTR) of Louisville, Ky., amid robust demand in the sector as the U.S. population ages.
Reichmann once led the country's biggest property development company, the former Olympia & York, before it collapsed in the early 1990s under a mountain of debt, accumulated primarily as the Toronto company spent lavishly to build the glittering Canary Wharf project in east London.
www.cbc.ca /cp/business/060928/b092848.html   (701 words)

  
 01/20/97 FAITH AND FORTUNE--Part 2
Reichmann blew away his rivals by committing to construct the project's entire commercial core--five buildings containing 8 million square feet.
After the World Financial Center opened, Paul had told a reporter that what pleased him most was that the new complex had made ''a prominent imprint on New York City.'' The World Financial Center was indeed a widely hailed emblem of New York's renewal.
The Reichmanns had always shrunk from publicity, but in the early stages of Canary Wharf, Paul was all over the papers, issuing statements so bullish as to evoke the prefight hype of professional boxers.
www.businessweek.com /@@N8@v*GUA@w6FPwAA/1997/03/b35102.htm   (2235 words)

  
 IDT Europe - Corporate - Press Releases
Paul Reichmann brings a wealth of business experience to the IDT Board of Directors.
Reichmann was the founder and chairman of Olympia and York and is unquestionably, one of the preeminent real estate developers in the entire world.
"Paul Reichmann is the greatest builder in history and one of the truly great philanthropists of all time," said Howard Jonas, IDT Chairman and CEO.
www.idteurope.com /corporate/press/releases/253.asp   (429 words)

  
 White Darkness
Reichmann, already angry with Henri and Mait for advancing the schedule because of their superstitious fear of the newcomers, is even more infuriated when the Doctor escapes from him.
Reichmann takes the Doctor back to the base to explain himself to General Froebe, but Mait intercepts the report and confronts the Doctor personally.
When Reichmann attacks her, provoked by her taunting, Carrefour is reminded of the men who killed his own mother, and spontaneously attacks Reichmann.
www.drwhoguide.com /who_na15.htm   (2574 words)

  
 Reichman   (Site not responding. Last check: 2007-11-03)
Paul Moshe Reichmann was born in Vienna in 1930.
The Reichmanns were one of the ten wealthiest families in the world, ranking just below the British Royal family in the 1980s.
Paul Reichmann has been at the same time one of the most resourceful and resilient enterpreneurs of the 20th century and also a strict observant Jew, leading a rigorously devout, modest private life.
www.shemayisrael.co.il /orgs/ozar/reichman.htm   (315 words)

  
 FT.com / Home UK / UK - Reichmann sells Canary stake   (Site not responding. Last check: 2007-11-03)
Paul Reichmann has sold his remaining 38m shares in Canary Wharf, marking the end of a 20-year involvement with the Docklands project.
Mr Reichmann is credited as the visionary behind the plan that turned derelict dockyards in the east end of London into a second financial centre for the capital.
In Canada, the family became one of the country's wealthiest and, at one time, the Reichmanns were among the ten richest families in the world.
www.ft.com /cms/s/e2a58e88-ba7b-11d8-9a2f-00000e2511c8.html   (533 words)

  
 Kids.Net.Au - Encyclopedia > Docklands
To overcome this problem, in 1981 the Secretary of State for the Environment Michael Heseltine formed the London Docklands Development Corporation (LDDC) to redevelop the area.
The Isle of Dogs was extensively developed as office and residential space in the 1980s and 1990s, as was the huge Canary Wharf project that bankrupted Olympia & York Developments Ltd.[?], the world's largest real estate developers at the time, owned by Canadian Paul Reichmann[?] and his brothers.
Since completed, the Docklands are now served by the Docklands Light Railway (DLR), which connects to the London Underground by the Jubilee Line Extension.
www.kids.net.au /encyclopedia-wiki/do/Docklands?title=Paul_Reichmann   (370 words)

  
 Paul Reichmann plans takeover bid for Retirement Residences REIT
Before the start of trading, Reichmann's company, PR Capital Corp., said it will be submitting a letter to the special committee of the board of trustees of Retirement Residences, signalling its plan to offer $8.60 per unit.
Reichmann's company said the making of the bid is subject to it obtaining access to the REIT's confidential data and Retirement Residences waiving its unit-holder rights plan.
Reichmann is well-known as the former head of property developer Olympia and York, which grew to fame before it collapsed under overwhelming debt in the early 1990s.
www.cbc.ca /money/story/2006/09/28/retirementreit.html   (1094 words)

  
 National Business Book Award: 1997 Winner -- PricewaterhouseCoopers Canada
The Reichmanns, published by Random House of Canada, is the most revealing account yet of the reclusive, media-shy family who built Olympia and York into a $10 billion real estate colossus.
Paul is one of the great real estate minds of modern history and he had an enormous appetite for risk, which proved Olympia and York's undoing in the end."
Bianco contends that the Reichmann sons were motivated by their mother Renee whose heroic efforts helped rescue Jews trapped in occupied Europe.
www.pwc.com /extweb/aboutus.nsf/docid/73A09362778F555C852570CA0017558C   (457 words)

  
 CNN.com - Canary Wharf may not get good bid - Nov. 11, 2003
Further complicating matters is Canary Wharf Chairman and founder Paul Reichmann, who has also said he might assemble a bidding consortium if offers do not match the 300-310p per share he believes the company is worth.
Reichmann has held preliminary talks with billionaire Saudi Prince Alwaleed bin Talal about a joint takeover bid, sources close to the situation told Reuters on Monday.
It was later sold to a consortium of international property investors led by Reichmann, Alwaleed and others.
cnn.com /2003/BUSINESS/11/11/wharf.bid.reut/index.html   (735 words)

  
 FT.com / Home UK / UK - Reichmann re-enters the London arena   (Site not responding. Last check: 2007-11-03)
Two summers ago, Paul Reichmann walked away from the UK property market after he lost the bidding battle for Canary Wharf, which he built against the odds two decades ago.
Mr Reichmann, a devout Orthodox Jew with 28 grandchildren, will spend up to half the year in the UK and will hire analysts to help him run the business.
Last year, the Reichmann family sold OandY Properties, a public property company that rose from the ashes of Olympia and York Developments, for $2bn to Brookfield, a subsidiary of rival Brascan.
www.ft.com /cms/s/e278ab3c-477a-11db-83df-0000779e2340.html   (717 words)

  
 PRESS RELEASE Retirement Residences Real Estate Investment Trust Announces the Resignation of Board Member Barry ...   (Site not responding. Last check: 2007-11-03)
The Reichmann family continues to own approximately 5.8% of the outstanding units of Retirement REIT and Paul Reichmann continues to serve on the Board of Trustees.
Paul Reichmann will not be a Trustee of SCR.
The Honourable William G. Davis, Chair of Retirement REIT, stated "Barry Reichmann has made an enormous contribution to the success of Retirement REIT in his roles of founder, past co-CEO and Trustee.
www.marketwire.com /mw/release_html_b1?release_id=122900   (283 words)

  
 Amazon.com: "Paul Reichmann": Key Phrase page   (Site not responding. Last check: 2007-11-03)
Such events make palpable what we know to be true in theory but, like George Soros and Paul Reichmann, too often overlook or choose to ignore in practice.
Paul Reichmann, who had developed a close relationship with Margaret Thatcher, was persuaded to go ahead by her personal promises that an...
The Reichmanns are property moguls who bestrode the world until their huge empire collapsed in...
www.amazon.com /phrase/Paul-Reichmann   (569 words)

  
 Forbes.com: UPDATE 1-Canary Wharf Chairman, Saudi Prince in talks-source   (Site not responding. Last check: 2007-11-03)
Alwaleed did not say whether he was part of a consortium, but the billionaire investor backed Chairman Paul Reichmann in his first buyout of Canary Wharf, prompting people close to the situation to speculate that the two could get together again this time around.
Reichmann said in early October he plans to form a consortium of investors with a view to making a bid for Canary Wharf if the current offers do not exceed the 300 pence to 310 pence per share price he thinks the property firm is worth.
The source close to Reichmann said on Monday that Reichmann had not yet signed up any partners because he was still conducting due diligence on the firm.
www.forbes.com /newswire/2003/11/10/rtr1142169.html   (562 words)

  
 CNN.com - Canary Wharf to buy back stock - Jun. 14, 2001
Canary Wharf, which was saved from bankruptcy in the 1990s by the Reichmann family and Saudi Prince Alwaleed Bin Talal, was floated on the London stock exchange in June 1999.
The stock hit a peak of 574.25 pence in October but came under pressure as Alwaleed sold 4 percent of his 6 percent holding.
Reichmann's family, the high-flying Canadian developers of the 1980s, currently own about 6.5 percent of Canary Warf.
edition.cnn.com /2001/BUSINESS/06/14/canary   (300 words)

  
 Ventas News   (Site not responding. Last check: 2007-11-03)
Paul Reichmann signalled yesterday that he is back in business, announcing plans for a $700-million takeout offer for Retirement Residences Real Estate Investment Trust, the ailing seniors' housing company he...
From Friday's Globe and Mail Paul Reichmann signalled yesterday that he is back in business, announcing plans for a $700-million takeout offer for Retirement Residences Real Estate Investment Trust, the ailing...
TORONTO-The Reichmann family has sold 67 healthcare and housing properties to Ventas for $649 million.
www.topix.net /com/vtr?scoring=d   (711 words)

  
 Soros purchase mostly Midwest - George Soros and Paul Reichmann acquire real estate assets of Travelers Corp. located ...   (Site not responding. Last check: 2007-11-03)
The announcement that heralded the George Soros and Paul Reichmann-led Quantum Realty Fund's acquisition of real estate assets for some $634 million in cash earlier this month pointedly omitted the location of those assets.
Leonard Chazen, president of the U.S. Division of Reichmann International, said they think they paid a fair price for the portfolio on which Travelers will take a $20 million realized investment loss.
Quantum Realty Fund was launched in March and Paul Reichman, the executive chairman of Reichmann International who also heads die beleaguered Olympia & York Developments, was named its manager.
www.findarticles.com /p/articles/mi_m3601/is_n7_v40/ai_14406774   (566 words)

  
 TIME.com: Real Estate The $20 Billion Question -- Apr. 6, 1992 -- Page 1
Brothers Paul and Albert responded, characteristically, with silence.
As the Reichmanns and their bankers prepared for their complicated pas de deux around the negotiating table, the stakes could not be higher: the world's biggest property developer was about to embark on the largest private debt restructuring in history.
Cash at O&Y was probably becoming scarce as far back as September 1990, when the Reichmanns announced they were trying to sell a 20% stake in their U.S. real estate portfolio.
www.time.com /time/magazine/article/0,9171,975232,00.html   (797 words)

Try your search on: Qwika (all wikis)

Factbites
  About us   |   Why use us?   |   Reviews   |   Press   |   Contact us  
Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.