Find in the news:
BY COUNTRY

American Realty set to sell centers to Blackstone



American Realty Capital Properties Inc, the largest single-tenant real estate owner in the US, is set to sell the bulk of its shopping centers to Blackstone Group for $1.98bn.
The deal is set to be completed within 30 days. The company stated that the proceeds are to be used for the purchase of Red Lobster’s real estate package.

David Kay, the president of the company, stated that the sale of real estate will allow the company to buy 500 of the best Red Lobster stores. This can be done at a yield rate 1% lower than the cash return of 7.9% of the restaurants.

The company’s shares declined 4.5% to $12.29 after an earlier decline of 5.4%. The decline may be due to the company offering 100m common shares which may raise around $1.4bn. The equity is required as funding for the range of deals since the start of the year.

American Realty had planned a spin-off of the properties it sold to Blackstone. Blackstone however is paying more than they would have made with the first option. This allows funding for the purchase of assets.

Blackstone, the largest global private-equity real estate fund, raised $825m in an initial public bid.


More about shopping malls in the USA



YESTERDAY, USA:
There will be Lord & Taylor store back in New York. However, so far, only in pop-up format and only for the holidays.
YESTERDAY, United Arab Emirates:
The media giant Warner Bros. announced its intention to open its world's first themed hotel in 2021.
DAY BEFORE YESTERDAY, USA:
Cadillac Company offers its customers a fundamentally new experience of choosing a car.
Dec 6, 2019, USA:
Levi's Haus Miami has become home to a variety of brand collaborations, interactive entertainment, and innovation testing.
Dec 5, 2019, USA:
The Italian brand sells "the most expensive T-shirts in the world" in support of its first real estate project.
Dec 4, 2019, Malaysia:
The facility will serve dishes previously available in the planes of a famous budget Malaysian airline.
Friend
and Follow
Queens Place GLA:440 000 SF
ADDRESS: 88-01 Queens Boulevard Elmhurst, NY 11373
USA . New York
Queens Place
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us