Press Releases

Business as Usual at Malls Owned by General Growth

4/16/2009

CHICAGO, April 16, 2009 – General Growth Properties, Inc. (NYSE: GGP) today said all of its shopping centers, master planned communities and other properties remain fully open for business after today’s announcement that GGP and certain of its subsidiaries filed for relief under Chapter 11 of the federal Bankruptcy Code.

“Our shopping centers and other properties will continue to offer the same great visitor experience for which our company is so well known,” said Adam Metz, chief executive officer of GGP. “We don’t expect any of our visitors to notice any difference in our quality of service to customers. Our tenant retailers, restaurants, movie theaters and everyone at our malls stand ready to serve you just as we have in the past.”

GGP operates more than 200 malls in 44 states and the company said it expects none of them to experience any interruption in service to customers. To find out which malls in your area are owned or managed by GGP, visit http://www.ggp.com/Properties.

About General Growth Properties
The Company currently has ownership interest in, or management responsibility for, over 200 regional shopping malls in 44 states, as well as ownership in master planned community developments and commercial office buildings. The Company’s portfolio totals approximately 200 million square feet of retail space and includes over 24,000 retail stores nationwide.



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