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.