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Exclusive: Brookfield mulls buying mall operator General Growth -sources
January 28, 2016 3:24 PM ESTBy Pamela Barbaglia and Mike Stone
(Reuters) - Brookfield Asset Management Inc has been exploring an acquisition in recent months of General Growth Properties Inc (GGP) (NYSE: GGP), the U.S. mall operator with a market value of $24 billion, according to people familiar with the matter.
A potential deal would illustrate how major property investors such as Brookfield view publicly listed real estate assets as cheap, as concerns over U.S. economic growth weigh on the valuations of several real estate investment trusts.
Brookfield, a Canadian asset management firm that... More
