Wednesday, August 22, 2018

Brookfield Making Over GGP Malls With New Businesses and Tenants

The Wall Street Journal
Brookfield Property Partners had to overcome vocal GGP Inc. shareholder opposition last month to convince stockholders to approve its $15 billion takeover of the mall owner. That may prove to be the easy part.

Now Brookfield has to revitalize GGP’s 125-property portfolio at a time when many shopping malls are reeling. That means expanding GGP’s top-tier shopping centers with additional stores, while scaling back or reconfiguring less successful malls by adding housing, office space or hotels. . . . more