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Simon Interested in Some GGP Malls

This article about the health of Simon Property Group in the recession, reveals that the mall owner might consider acquiring some General Growth Properties assets when the latter's bankruptcy proceedings mature. Said CEO David Simon: "I don't think we would be interested in the whole company. They have...

By Ian Ritter | Updated on May 27, 2009

This article about the health of Simon Property Group in the recession, reveals that the mall owner might consider acquiring some General Growth Properties assets when the latter’s bankruptcy proceedings mature.Said CEO David Simon: “I don’t think we would be interested in the whole company. They have some assets that clearly would fit nicely with ours.” If it is interested in making major acquisitions again, Simon could have even more choices out there, as it seems that Glimcher Realty Trust is also interested in selling some if its prime assets.Are there any malls that you know of that Simon could grab when its ready to buy?

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