Find in the news:
BY COUNTRY

Taubman sells seven malls to Starwood



An affiliate linked to Starwood Capital Group is set to purchase a portfolio of seven malls in five different states from Taubman Centers Inc.Starwood Retail Partners is set to pay $785m in cash and either assume or repay $620m in debt for this deal.

The deal has been approved by the board of directors of Taubman and its closing date is set for the fourth quarter. The malls included in this transaction are: MacArthur Center, Norfolk, GLA – 937000 sg. ft; Stony Point Fashion Park, Richmond, GLA – 662000 sq. ft; Northlake Mall, Charlotte, NC – 1.07 million sq. ft; The Mall at Welling Green, Wellington, GLA – 1.2 million sq. ft; The Shops at Willow Bend, Plano, GLA – 1.38 million sq. ft; The Mall at Partridge Creek, Clinton Township, GLA - 600000 sq. ft; Fairlane Town Center, Dearborn, GLA – 1.97 million sq. ft. 

This transaction which is capitalizing on the need for high-end quality malls by investors, forms part of Taubman’s effort to fund new development, increase net asset value and maximize its portfolio’s performance. The purchase will expand the retail holdings of Starwood to 28 properties with a total of 26.8 million ftІ in 15 states.


More about shopping malls in the USA



TODAY, France:
Nicolas Houzé, CEO of Galeries Lafayette, has outlined ambitious growth plans for 2024.
YESTERDAY, France:
Mango’s growth strategy also encompasses 15 new boutiques in Italy this year.
DAY BEFORE YESTERDAY, United Kingdom:
Miniso remains poised to expand its presence and consolidate its brand in the European retail landscape.
Jun 17, 2024, USA:
Lanvin has introduced its latest venture at South Coast Plaza.
Jun 14, 2024, USA:
Global superstar Rihanna unveiled her latest venture, Fenty Hair.
Jun 13, 2024:
The next European implementation will take place in Hamburg.
Friend
and Follow
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
212 Istanbul Power Outlet GLA:753 474 SF
ADDRESS: Mahmutbey Merkez Mah. Taşocağı Cad. No:5 Bağcılar  /  İstanbul
Turkey . Istanbul
212 Istanbul Power Outlet
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum


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