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30-Jul-2017 12:12

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“As a result, no other assets can be sold until the debt-assumption process is complete,” she said.“We cannot control or predict the timing or the outcome, but our expectation is that the transfer will be approved in the very near future.” Assuming the REIT can assume the debt in the near future, Silverstein added, the company expects the liquidation to be complete by the end of the first quarter in 2018.The Jhump & Associates Network facilitates the provision of expert or technical resources and equipment that meet your requirements, whatever they may be.Don't let your growth be limited by competing for the same resources as everyone else.Because of their knowledge and experience from the rig floor to the boardroom, Jhump can eliminate barriers by efficiently qualifying buyers.This streamlines the process for buyers and sellers, creating loyalty and ultimately closing the transaction.Edgar Lavarello and Charles Bottaro were appointed Joint Liquidator of Reclaim Limited on 31 March 2014.Background A number of companies including Reclaim Limited, Hyprafund Limited and Transpacific Insurance Corporation appear to be linked to Club Class Holidays Limited.

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Not knowing the Spanish legislation on liquidation, could lead to legal problems and even criminal charges.Foreign entrepreneurs who want to liquidate their companies opened in Spain should know the main legal provisions related to this procedure.The companies in Spain can be liquidated under certain circumstances: No matter what type of company liquidation you choose, you will need a lawyer in Spain who will offer assistance throughout the whole procedure.“From a timing standpoint, our sales calendar is being driven first by the need to assume the debt and acquire the remaining interest in Worldwide Plaza,” company CEO Wendy Silverstein, who was brought on late last year to oversee the embattled REIT’s liquidation, told investors on her first earnings call with the company Thursday.

Silverstein said the company needs at least billion in real estate assets — not including its 49 percent stake in the 1.8 million-square-foot One Worldwide Plaza — in order to meet the debt-assumption requirements to take over the 5 million, securitized loan on the property.

The real estate investment trust bought the stake in 2013 in a deal that valued the tower at

Silverstein said the company needs at least $2 billion in real estate assets — not including its 49 percent stake in the 1.8 million-square-foot One Worldwide Plaza — in order to meet the debt-assumption requirements to take over the $875 million, securitized loan on the property.

The real estate investment trust bought the stake in 2013 in a deal that valued the tower at $1.45 billion.

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Silverstein said the company needs at least $2 billion in real estate assets — not including its 49 percent stake in the 1.8 million-square-foot One Worldwide Plaza — in order to meet the debt-assumption requirements to take over the $875 million, securitized loan on the property.The real estate investment trust bought the stake in 2013 in a deal that valued the tower at $1.45 billion.

.45 billion.