What: Brookfield Asset Management buys out the full control of Brookfield Property Partners for USD 6,5 bn.

Why it is important: Mall management is getting under the full control of owners, who have in mind selling a part of their assets once the economy bounces back.

Last year, Simon Property Group bought Taubman Centers in a scaling move. Brookfield Asset Management just announced the purchase of the remaining shares in Brookfield Property Partners (including Brookfield Place mixed-use real estate project in Manhattan) for USD 6,5 bn. Their project is to position themselves on the market, control the brand proposition within each of their malls, as well as be in the best position to sell a part of their locations once the opportunity arises, in a similar posture to Unibail-Rodamco-Westield who announced to be getting ready to do so next year.

Brookfield’s $6.5 Billion Buyout Approved