liberty international
’Simon Property Group goes shopping [updated]
The commercial property sector has awoken from its stock market slumber.
It has been roused to life by news of a takeover approach for Capital Shopping Centres, which owns some of the UK’s largest shopping malls including Lakeside in Thurrock,
Snap news
Breaking pre-market news on Tuesday,
- Liberty International details demerger plan and announces full year results – statement and statement.
- Shanks ends takeover talks with Carlyle Europe after 120p a share offer – statement.
Westfield and Simon declare Liberty stakes
Two of the world’s largest retail real estate companies, Australia’s Westfield and US developer Simon Property Group, have declared stakes in Liberty International, strengthening the prospect of a bid for the FTSE100 retail property owner.
UK Reits the world’s worst performers
So much for hopes that Britain’s fledgling Reits market would take off. There was a lot of hype before the UK introduced real estate investment trusts in January, but the reality could not be further from the hype,
