Property News · October 8, 2018

Brookfield venture considers offer for UK mall owner Intu


Brookfield Property Group has teamed up with Intu Properties’ largest shareholder to work on a potential bid for the UK shopping mall landlord.
Brookfield, which has made a series of bets on retail assets, and billionaire John Whittaker’s Peel Group are considering an offer for the company, which has been struggling as internet sales hit mall owners. The consortium, which also includes Saudi Arabia’s Olayan Group, hasn’t yet approached Intu, which has a market value of…

Source : South China Morning Post
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