M&A Deal Summary

Brookfield Acquires GGP

On August 28, 2018, Brookfield acquired real estate company GGP

Acquisition Highlights
  • This is Brookfield’s 1st transaction in the Real Estate sector.
  • This is Brookfield’s 1st transaction in the United States.
  • This is Brookfield’s 1st transaction in Illinois.

M&A Deal Summary
Date 2018-08-28
Target GGP
Sector Real Estate
Buyer(s) Brookfield
Deal Type Add-on Acquisition

Target

GGP

Chicago, Illinois, United States
General Growth's corporate headquarters along the Chicago River in downtown Chicago, Illinois.
General Growth's corporate headquarters along the Chicago River in downtown Chicago, Illinois.
GGP, Inc. is a fully integrated, self-managed and self-administered real estate investment trust focused exclusively on owning, managing, leasing, and redeveloping high-quality regional malls throughout the United States.

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Buyer(S) 1

Buyer

Brookfield

Hamilton, Bermuda
Category Company
Founded 2013
Sector Real Estate
Employees24,400
Revenue 6.6B USD (2020)
DESCRIPTION

Brookfield is a commercial real estate company, that owns, operates, and investor in best-in-class commercial property assets. Brookfield was formed in 2013 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 2 of 2
Sector (Real Estate) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-02 Center Parcs

Nottinghamshire, United Kingdom

Center Parcs Ltd. operates short-break holiday villages in the U.K. At its four villages, Center Parcs has over 3,300 villas and offers a range of indoor and outdoor sports and other leisure facilities. Center Parcs was formed in 1987 and is based in Nottinghamshire, United Kingdom.

Buy £2.4B
Mergr

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