Find in the news:
BY COUNTRY

Owner of the Dubai Mall raised $1.6 bn IPO



The Dubai-based shopping mall operator, Emaar Malls Group, confirmed that it has raised $1.6bn during its initial public offering.
Emaar Malls, the owner of the Dubai Mall, one of the biggest centers globally, with 3.7m sq ft of leasable space and enjoying 75 million visitors during last year, is being pulled away from Emaar Properties, the property company based in Dubai.

The mall operator priced the offering at around 2.90 dirhams, or around 79 cents per share.  The oversubscribed offering placed a valuation of about $10.3bn on the company. All new shareholders were welcomed to Emaar Mills by its chairman, Mohamed Alabbar, as the company enters a new development phase.

Around two billion shares were sold during the offering, which represented about 15.4% of the company’s share capital.  It is due to commence share trading on Thursday in Dubai.

The company handles 5.9 million square feet of leasable space in malls in Dubai.  Its revenue during 2013 reached 2.39bn dirhams. The underwriters on the offering were Morgan Stanley, JPMorgan Chase and Bank of America Merrill Lynch, with Rothschild acting as financial advisor.

emaar-dubai-marina-mall

More about shopping malls in the United Arab Emirates



TODAY, USA:
Brookfield Properties, one of the largest mall operators in the U.S., reduces 20% of its retail staff.
TODAY, USA:
An American fashion company has to fire almost 4,000 employees to save money.
YESTERDAY, Japan:
The application, named StyleHint, will help you find fashion offers from brands including UNIQLO and GU.
DAY BEFORE YESTERDAY, China:
The Chinese online retail giant has officially introduced a logistics robot that will deliver goods to consumers.
DAY BEFORE YESTERDAY, USA:
The retailer's trademark will be called Free Assembly, under which customers will be able to buy clothes for both men and women.
Sep 18, 2020, Taiwan:
Dutch studio MVRDV has transformed an abandoned shopping center in Taiwan into an unusual public space.
Friend
and Follow
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Adigeo GLA:452 084 SF
ADDRESS: Verona city center
Italy . Verona
Adigeo
Madrid Xanadú GLA:1 184 030 SF
ADDRESS: Autovía A5, salidas 22 y 25 - 28939
Spain . Madrid
Madrid Xanadú
Viaport Outlet GLA:748 092 SF
ADDRESS: Yenisehir Mah. Dedepasa Cad. No:19 Via Port - Pendik
Turkey . Istanbul
Viaport Outlet


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