U.S. best retail properties consolidate

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20 December 2017 à 14h54

Updated on 10 May 2019 à 17h26

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1 minute

Publication: 20 December 2017 à 14h54, Updated on 10 May 2019 à 17h26

Reading time: 1 minute

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Publication

20 December 2017 à 14h54

Updated on 10 May 2019 à 17h26

Reading time

1 minute

Publication: 20 December 2017 à 14h54, Updated on 10 May 2019 à 17h26

Reading time: 1 minute

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In mid-November, Brookfield Property Partners (BPP, owned by Brookfield Asset Management) offered US$14.8 billion for the remaining 66% of Chicago-based General Growth Properties (GGP, 115 U.S. malls). In 2010, BPP became a shareholder of GGP and rescued the business from bankruptcy. Annual sales at GGP’s 10 best malls reach US$8,985/ sq.m. As a comparison, sales of Macerich’s malls stand at US$6,736/ sq.m. As some U.S. malls face pressure from investors to carve up the best ones fo

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