| Sunny skies and hula dancers aren’t the only things attracting foreigners to Hawaii. Add this to the list: one of the United States’ most valuable shopping centres. Mall giant General Growth Properties Inc. last week announced it had sold a 25 per cent stake in Honolulu’s Ala Moana Centre, the world’s largest open-air mall, for $US1.37 billion.
The deal is notable for two reasons: its sky-high price and General Growth’s partner, AustralianSuper, an $US84 billion retirement fund making its first major foray into US property investment...............................................Full Article: Source
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