Announced
Completed
Financials
Tags
property development & management
Friendly
Retail REITs
high-quality retail properties
property leasing
United States
Acquisition
Completed
Single Bidder
Private Equity
Public
Majority
Synopsis
Brookfield Property Partners, one of the world’s largest commercial real estate companies, acquired GGP, which is one of the largest mall owners in the US, for $26.7bn. The proposal represents a premium of 21% to the unaffected closing share price of the company’s common stock of $19.01 on November 6, 2017. The transaction created, in BPY, one of the largest listed property companies in the world, with an ownership interest in almost $100bn of premier real estate assets globally and annual net operating income of approximately $5bn.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.