{"id":1004018380,"date":"2010-03-16T07:15:42","date_gmt":"2010-03-16T15:15:42","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004018380"},"modified":"2022-12-08T09:54:58","modified_gmt":"2022-12-08T17:54:58","slug":"ggp-bidders-said-to-seek-international-funding","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ggp-bidders-said-to-seek-international-funding\/","title":{"rendered":"GGP Bidders Said to Seek International Funding"},"content":{"rendered":"<p>March 16, 2010<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004018381\" style=\"width: 160px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/LancerE.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004018381\" data-attachment-id=\"1004018381\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ggp-bidders-said-to-seek-international-funding\/lancere\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/LancerE.jpg\" data-orig-size=\"500,375\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"LancerE\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user LancerE&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/LancerE.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/LancerE.jpg\" alt=\"\" title=\"LancerE\" width=\"150\" height=\"150\" class=\"size-thumbnail wp-image-1004018381\" \/><\/a><p id=\"caption-attachment-1004018381\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user LancerE<\/p><\/div>\n<p>The <em>Financial Times<\/em> is reporting that both major bidders for bankrupt mall owner General Growth Properties have approached sovereign wealth funds in the Middle East and Asia for financial support.<\/p>\n<p>Citing sources familiar with the issues, the <em>Times <\/em>said that talks are in the early stages, and that both Simon Property Group and Brookfield Asset Management are working with several of the larger sovereign funds. Some of these funds are said to be working with both parties, according to the <em>Times<\/em>.<\/p>\n<p>Simon has reportedly approached the Qatar Investment Authority with regard to funding, while Brookfield is said to likely raise funds from some of the sovereign funds that invested in its $5.5 billion distressed real estate opportunity fund, according to the <em>Times<\/em>.<\/p>\n<p>This is the latest chapter in a bidding war that has at times felt like a soap opera. Simon has bid $10 billion for GGP, which in turn has rebuffed its advances. Brookfield, on the other hand, has offered $2.6 billion in funding as part of GGP\u2019s reorganization plan. The company went bankrupt last year. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The <em>Financial Times<\/em> is reporting that both major bidders for bankrupt mall owner General Growth Properties have approached sovereign wealth funds in the Middle East and Asia for financial support.<\/p>\n","protected":false},"author":936,"featured_media":1004018381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,21749],"tags":[],"class_list":["post-1004018380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest","category-retail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>GGP Bidders Said to Seek International Funding - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ggp-bidders-said-to-seek-international-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GGP Bidders Said to Seek International Funding\" \/>\n<meta property=\"og:description\" content=\"The Financial Times is reporting that both major bidders for bankrupt mall owner General Growth Properties have approached sovereign wealth funds in the Middle East and Asia for financial support.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ggp-bidders-said-to-seek-international-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2010-03-16T15:15:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T17:54:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2010\/03\/LancerE.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"375\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Allison Landa\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ggp-bidders-said-to-seek-international-funding\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ggp-bidders-said-to-seek-international-funding\\\/\"},\"author\":{\"name\":\"Allison Landa\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/0eb45390ae3124c14a919b7ec7bd2249\"},\"headline\":\"GGP Bidders Said to Seek International Funding\",\"datePublished\":\"2010-03-16T15:15:42+00:00\",\"dateModified\":\"2022-12-08T17:54:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ggp-bidders-said-to-seek-international-funding\\\/\"},\"wordCount\":202,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ggp-bidders-said-to-seek-international-funding\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2010\\\/03\\\/LancerE.jpg\",\"articleSection\":[\"News\",\"Retail\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ggp-bidders-said-to-seek-international-funding\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ggp-bidders-said-to-seek-international-funding\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/ggp-bidders-said-to-seek-international-funding\\\/\",\"name\":\"GGP Bidders Said to Seek International Funding - 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