Red, Just read Simon's actual press release. Different from Bloomberg. Bloomberg left out a key detail. No change in offer. Looks like you must have read a more detailed article. You were right.
Here is the link:
I agree with VNO not being a player for these retail assets (perhaps the office assets), but I would expect at least Westfield to hang around to see if there could be a role for them to replace BAM.
They have the financial resources and already have significant US retail staff that could be combined with GGP to gain efficiencies.
They actually could be a better partner for GGP than BAM.
No way that those 2 plus VNO aren't going to bid. I gotta think the pension fund advisors will throw their dollars behind the winner.
I am thinking the fisticuffs are about to begin, We've been sitting on the edge of our seats but still getting kinda bored. Not for long!
You are spot on, those are some very smart real estate investors.
SPG may not win the day, but their list of investors vs the Hedgies that BAM has assembled are a lot more real estate savy, and most likely more committed to long term real estate investing.
Still wondering if Westfield or Unibail have any intentions of showing up at this party.