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Tag: Property

In Bankruptcy Filing, Lucky Brand Proposes Sale To Authentic Brands And Simon Property Group

Lucky Brand has negotiated a two-pronged primary asset purchase agreement, also known as a “stalking horse” bid, to sell its operating assets to SPARC Group LLC (SPARC), a jointly owned entity of Authentic Brands Group (ABG) and mall owner Simon Property Group, and Lucky Brand’s intellectual property assets to ABG-Lucky LLC, a newly formed subsidiary …

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Simon Property furloughs 30% of workers due to coronavirus

A visitor looks down an empty hallway at The Fashion Mall at Keystone, Wednesday, March 18, 2020, in Indianapolis. Simon Property Group, the largest owner of shopping malls in the nation, is closing all of its malls and retail properties because of the coronavirus outbreak. Darron Cummings | AP The biggest U.S. mall owner, Simon …

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The biggest US mall owner Simon Property Group is doubling down on retail

Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Simon Property Group is on a buying spree as America’s mall operators grapple with declining foot traffic and some struggle to keep their doors open. The biggest mall owner in the U.S. is close to …

The biggest US mall owner Simon Property Group is doubling down on retailRead More

Simon Property Group to acquire Taubman Centers for $3.6B in cash

Shoppers walk through the King of Prussia mall in King of Prussia, Pennsylvania. Jennah Moon | Bloomberg | Getty Images Taubman Centers shares skyrocketed Monday after the mall owner agreed to be bought by larger rival Simon Property Group in a deal valued at $3.6 billion. The companies said Simon plans to acquire Taubman’s stock for …

Simon Property Group to acquire Taubman Centers for $3.6B in cashRead More

Single store property in Wisconsin sells for $36 million

There are big boxes, and then there are big, big boxes. SR Realty Trust has purchased a single store property in Oconomowoc, Wis., for the stunning price of $36.5 million. This is not your run-of-the mill store, but the 216,628-sq.-ft. home of Fleet Farm, a business that brings new meaning to the term one-stop-shop. Fleet …

Single store property in Wisconsin sells for $36 millionRead More

M&G extends ban on withdrawals from flagship fund | Money

M&G has extended the ban on investors withdrawing funds from its flagship £2.5bn property fund, one of the biggest in the country. The company shocked small investors in December by suspending its giant Property Portfolio fund in response to a surge in the numbers of people pulling their cash out. M&G is required to review …

M&G extends ban on withdrawals from flagship fund | MoneyRead More

How has Brexit vote affected UK economy? December verdict | Business

Sterling surges on Johnson’s election landslide The pound has risen sharply over the past month as currency traders in the City of London bet that an election victory for Boris Johnson’s Conservatives would lift some of the intense political uncertainty facing Britain. Sterling jumped by more than two cents against the US dollar and the …

How has Brexit vote affected UK economy? December verdict | BusinessRead More

What does the M&G property fund own? | Business

M&G, which recently split from its parent Prudential, has temporarily suspended dealings in its property portfolio. It said Brexit-related political uncertainty and structural shifts in the UK retail sector had made it difficult to sell commercial property to meet demand from investors to have their cash returned. M&G’s top holdings at the end of October …

What does the M&G property fund own? | BusinessRead More

Simon Property CEO says ‘reaching the bottom’ of retail bankruptcies

The CEO of the biggest mall owner in the U.S., Simon Property Group, says the retail industry looks to be “reaching the bottom” of a tumultuous wave of bankruptcies. “We are having a high bankruptcy year. … There’s no denying that,” David Simon told analysts during a post-earnings conference call on Wednesday morning. “But I …

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