QIC buys additional interests in 10 regional shopping malls

QIC has acquired additional interests in 10 U.S. regional malls from Forest City Enteprises. The transaction was done on behalf of a "major Australian client" of QIC. Among the malls affected in the deal are The Shops at Northfield Stapleton in Denver, Colorado; Westchester's Ridge Hill in Yonkers, New York and The Shops at Wiregrass in Tampa, Florida. According to the announcement of the acquisition, the portfolio is valued at about $3.175 billion.

North AmericaUSReal EstateBriefs