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Giant mall owner Brookfield Properties is ditching its worst locations and redeveloping what's left into 'mini cities' that blend shopping with residential space

27 days ago   |   By Business Insider

Summary List Placement
Brookfield Property Partners, one of the largest mall and retail center landlords in the world, will continue its plans to sell lower-performing retail properties and redevelop the best-performing assets, executives said during the firm's investor-day presentation on Thursday.
The comments came a day after the firm cut 20% of its retail staff, affecting both headquarters staff and staff at its retail centers around the world, according to a memo received by Business Insider .
A main driver for those cuts, other than distress in the retail market caused by the...
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