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GGP Focuses on Pruning its Portfolio (Friday's News & Notes)

Now that Sandeep Mathrani has assumed the post as GGP's new CEO, he plans to further clean out the REIT's portfolio. Mathrani would like GGP to stick with its core mall format and shed the assorted strip centers, power centers and office buildings it still owns, according to the CoStar Group. Mathrani said his goal is to reduce GGP's holdings to 150 properties, principally malls. For more on retail and retail real state follow the links below:

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