General Growth Properties (GGP) files a standalone bankruptcy-exit plan that relies on $6.55B of...

|By:, SA News Editor

General Growth Properties (GGP) files a standalone bankruptcy-exit plan that relies on $6.55B of funding from Brookfield Asset Management (BAM) and others, but also lays out a two-round bidding process for firms like Simon Property Group (SPG) to submit initial bids by April 19. GGP plans to exit bankruptcy by Sept. 30.