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...The lease was signed by a company named BSREP III Nero LLC, a possible allusion to the emperor who was blamed for the burning of Rome....
...Recent investments have included the power solutions business of Johnson Controls it bought for about $13bn, US mall operator GGP for $15bn and Forest City property group for $11.4bn....
...Separately, Sears also entered into a real estate joint venture with General Growth Properties, under which the Illinois-based retailer would sell 12 properties located at GGP malls....
...In response, Brookfield tweaked its plans for GGP, made in concert with Fairholme Capital Management and Pershing Square, a GGP investor, to win the company’s backing....
...Simon’s latest salvo in the battle for GGP mirrors its rival’s approach....
...The GGP battle began this year when Simon made a $10bn offer for the company....
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