Saks owner pushed to sell off its RE assets

The Canadian company that owns the Saks Fifth Avenue flagship store is under pressure to go private or sell off its real estate assets, which are worth billions. Toronto-based Hudson’s Bay bought Saks Inc. in 2013. Two years later it formed joint ventures with retail real estate investment trust Simon Property Group and RioCan Real Estate Investment Trust. Jonathan Litt of activist hedge fund Land & Buildings Investment Management, which owns a 4.3 percent stake […]


Source: Real Estate

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