Simon Property rescues tenant JC Penney

Publication

4 November 2020 à 17h32

Updated on 27 August 2021 à 10h09

Reading time

2 minutes

Publication: 4 November 2020 à 17h32, Updated on 27 August 2021 à 10h09

Reading time: 2 minutes

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Publication

4 November 2020 à 17h32

Updated on 27 August 2021 à 10h09

Reading time

2 minutes

Publication: 4 November 2020 à 17h32, Updated on 27 August 2021 à 10h09

Reading time: 2 minutes

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A poker moves or a survival reflex? By saving JC Penney from bankruptcy, David Simon, President of Simon Property Group, the U.SA. leader in commercial property (turnover 2019 US$5 billion) and 20% shareholder of Klépierre, helps silence the voices of doom for American shopping centres. In conjunction with Brookfield Property Partners, the investment of US$800 million is simply a long-term investment in a core business. It is a good deal in the current slump. “If we thought we couldn’t make mon

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