Shares of mall-focused REIT GGP (NYSE: GGP) have plunged in 2018. Initially, the stock price fell due to ongoing worries about the so-called "retail apocalypse" and its effect on mall occupancy and ...
Amid increasing speculations, Brookfield Property Partners BPY made an acquisition offer to GGP Inc. GGP, according to a report by the Wall Street Journal. The report, which cited a person familiar ...
Overall, performance across GGP's portfolio was steady. Tenant sales per square foot gained almost 1% while same-store net operating income increased 2.5%, year over year, on marginally lower leased ...
Brookfield Corporation, the global conglomerate, has rebranded Brookfield Properties Retail back to the GGP name. In 2010, Brookfield led GGP, a major operator of shopping centers in the U.S., out of ...
GGP said on Wednesday it will "stay the course" in retail, deciding against selling off some of its mall assets. GGP CEO Sandeep Mathrani remains bullish on the REIT's path forward, adding that he ...
GGP shareholders can get US$23.50 per GGP share or exchange their GGP shares for Brookfield Property units or BPY U.S. REIT units on a one-for-one basis. The BPY U.S. REIT will be a newly created REIT ...
(Reuters) - Commercial real estate company Brookfield Property Partners LP (BPY.O) said on Monday it would acquire the 66 percent of GGP Inc (GGP.N) that it does not already own in a cash-and-stock ...
GGP’s long survival saga continued today when a putative class of shareholders filing a complaint in Delaware Chancery Court to block the completion of a proposed $9.25 billion merger between the ...
Shares of Simon, Macerich and Taubman are falling after GGP said it plans to be acquired by Brookfield Property Partners for $23.50 a share in cash. Analysts and investors anticipated GGP would only ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Simon Property Group has joined forces with the hedge fund run by John Paulson in a restructured bid to invest ...
The terms of GGP's pending sale to Brookfield Property Partners call for investors to receive either $23.50 in cash or one unit of Brookfield Property Partners (or one share of BPR, an equivalent REIT ...