Several hedge funds have asked U.S. department store company Macy’s Inc (M.N) to consider options for its real estate, including selling some major sites and then leasing them back, according to several sources close to the matter. The push is in line with real estate decisions by some other major retailers that have been beneficial to their stock prices. Hudson’s Bay Co (HBC.TO), the parent of Lord and Taylor and Saks Inc, said in February it would form two real estate joint ventures, paving the way for it to sell some of its property assets.
Published in TZ Latest News 2 June, 2015 by The TZ Newswire Staff
Exclusive: Hedge funds to Macy’s: Sell your real estate
Published in TZ Latest News 2 June, 2015 by The TZ Newswire Staff
Exclusive: Hedge funds to Macy’s: Sell your real estate
Several hedge funds have asked U.S. department store company Macy’s Inc (M.N) to consider options for its real estate, including selling some major sites and then leasing them back, according to several sources close to the matter. The push is in line with real estate decisions by some other major retailers that have been beneficial to their stock prices. Hudson’s Bay Co (HBC.TO), the parent of Lord and Taylor and Saks Inc, said in February it would form two real estate joint ventures, paving the way for it to sell some of its property assets.