Sentences with phrase «mall owner ggp»

A sale of mall owner GGP might answer that vexing question.

The company has increased funds from operations per unit by 9 % annually since it went public and expects to grow more, agreeing to a $ 15 billion deal to acquire mall owner GGP Inc late last year.

A sale of mall owner GGP might answer that vexing question.

Not exact matches

Brookfield Property's efforts to buy GGP have come as mall owners across the United States are struggling as a result of many retailers losing out to e-commerce firms such as Amazon.com.

GGP chief executive Sandeep Mathrani stands to get a payday of up to $ 189 million when Brookfield Property Partners closes on its $ 15 billion buyout of the Chicago shopping mall owner.

Mall owners like General Growth Properties (NYSE: GGP) have found success by targeting experience - based tenants like gyms, restaurants, movie theaters, amusement - based companies like Dave & Buster's, and even grocery stores.

NEW YORK, April 26 (LPC)- A US$ 7bn crossover loan package backing the US$ 15.3 bn cash and stock acquisition of GGP, the second - largest mall owner in the US, by global commercial real estate giant Brookfield Property Partners LP, includes the biggest term loan A (TLA) financing of the year so far.

Brookfield executives «agree with the position unanimously taken by GGP's board,» J. Bruce Flatt, chief executive officer of the Toronto - based real estate investor and chairman of General Growth, said yesterday in a letter to the mall owner's shareholders.

Sandeep Mathrani, Chief Executive of GGP Inc., among the country's biggest mall owners, recently said that an ideal mall would have only one department store, a supermarket, Apple store, Tesla store, and an online retailer.

Chicago - based GGP, the No. 2 U.S. mall owner, has bought back 115 department stores over the last six years and redeveloped them, Chief Executive Officer Sandeep Mathrani said last month during the National Association of Real Estate Investment Trust's annual conference in New York.

Giants such as GGP and Simon Property Group Inc., the largest mall owner in the U.S., are better positioned to absorb the increased costs than their peers that own less - desirable real estate, according to Green Street.

GGP is likely to be the first of many shopping center and mall owners that are dismantled as fewer mega players drive the restructuring and pruning of the sector