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



Feb 26, 2021, USA:
It will be the most significant expansion in Sephora's history, demonstrating its confidence in the retailer's future.
Feb 26, 2021, USA:
Shortly, 17 Apple mini-stores will open in hypermarkets across the country. The company intends to start opening such outlets in the fall.
Feb 25, 2021, India:
The vast mall's construction will cost $760 million, and the project is expected to be completed in seven years.
Feb 25, 2021, United Kingdom:
The brand plans to close 95 stores nationwide while paying reduced rent for the remainder of the term.
Feb 24, 2021, USA:
Old Spice Barber Shop will also serve as a brand store, digital content studio, and experience lab for new product developments.
Feb 24, 2021, USA:
The company managed to retain its place as the largest retailer in the U.S., with Amazon in second place.
Friend
and Follow
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
Cabot Circus GLA:990 280 SF
ADDRESS: Glass House, Bristol BS1 3BX
United Kingdom . Bristol
Cabot Circus
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall
Designer Outlet Malaga GLA:322 917 SF
ADDRESS: 29004, Málaga, Spain
Spain . Malaga
Designer Outlet Malaga


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