The Traderszone Network

Published in TZ Latest News 7 November, 2017 by The TZ Newswire Staff

Brookfield in talks to take over GGP

Brookfield Asset Management is in early talks to buy General Growth Properties and take the retail real estate investment trust private. The Toronto-based real estate giant already owns 34 percent of GGP’s shares, after increasing its stake from 29 percent in the third quarter. The two firms discussed Brookfield buying all of GGP’s remaining shares at a 10 percent to 15 percent premium, a source told Bloomberg. The REIT’s stock price rose roughly 16 percent […]

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