RealEstateFlux

Westfield & Simon Stake Claims for UK REIT

It is remarkable that while Westfield Group and Simon Property Group are sizing up a tremendous growth opportunity in Europe, Centro Properties Group, with their vastly different capital structure, is selling large chunks of their portfolio at wholesale prices in a race to survive. In answer to Simon Property Group’s disclosure last week of a 3.5% [...]

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Foothold in England For Simon

Simon Property Group, the Indiana based retail REIT, has issued a mandatory disclosure after crossing the 3% ownership level of a British rival, Liberty International. While Simon already owns French, Italian and Polish properties, it is unusual for them to acquire a direct interest in a competing shopping center owner. Therefore, analysts speculate that the [...]

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