Brookfield’s $15 Billion Deal for GGP Is Bad News for the American Mall
Bloomberg, Mar. 27, 2018–Sarah Mulholland, Scott Deveau
Brookfield Property Partners LP’s deal to take over retail landlord GGP Inc. is “wholly inadequate,” “a negative for the sector” and “neither exciting for GGP shareholders nor a good read-through for mall asset values.” In fact, “investors should vote against the transaction as it does not offer sufficient value,” said Wall Street analysts.
