Saturday, 20 August 2016 09:36

Rockcastle Global Real Estate aiming high

Rockcastle Global Real Estate is on track to become a fund split 50-50 across direct and indirect real estate.

US mall giant Simon Property drops a hostile campaign for rival Macerich after Macerich rejected the latest takeover offer.

Mall operator Macerich has rejected a $16 billion hostile bid from competitor Simon Property Group and adopted a "poison pill" defense to defend against a takeover.

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