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US property giant rejected in multibillion bid for UK shopping centres

Posted on 17 December 2010

From Bridgingandcommercial.co.uk: The leading real estate firm in the United States has been rejected after it unveiled plans to bid for the owner of the Lakeside and Metro shopping centres – in a move valuing the company at £2.9 billion.
Simon Property Group (SPG), based in Indianapolis, made an offer for Capital Shopping Centres (CSC), which it has a five per cent stake in, on the basis that the UK firm pulled out of a controversial acquisition of Manchester’s Trafford Centre……………………………………….Full Article: Source


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