Commercial real estate. Arm wrestling over the notion of force majeure

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15 June 2020 à 14h43

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Publication: 15 June 2020 à 14h43

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15 June 2020 à 14h43

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Publication: 15 June 2020 à 14h43

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In the U.S.A., the time is not suitable for major acquisitions. The No. 1 shopping centre operator Simon Property cancelled an acquisition of Taubman Centers (26 centres in the U.S. and Asia) for US$3.6 billion. According to Simon, the latter would have suffered an amplified damage from Covid-19 as some centres are highly reliant on revenue from tourism.

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