Will ‘Sweetened’ Brookfield Bid for GGP Sour Investors on US Mall Sector?

GGP’s Water Tower Place in Chicago. Unibail-Rodamco’s agreement to pay $ 15.8 billion for Westfield Corp. in December caused a lift in mall share prices, giving analysts hope that high-quality malls might remain a profitable play for investors in the age of Amazon and its effect on brick-and-mortar retailers. Just over three months later, shares of mall REITs have declined this week, underperforming the broader REIT group as disappointment has…
National Commercial Real Estate News From CoStar Group

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