Goodwin Reps Equity One In $600M Mall Deal

Law360, New York (May 24, 2010, 7:01 PM EDT) -- Real estate investment trust Equity One Inc. said Monday that it had agreed to acquire the U.S. unit of U.K.-based shopping mall owner Capital Shopping Centres Group PLC in a transaction valued at $600 million.

Equity One, based in North Miami Beach, Fla., said it would assume about $330 million of mortgage debt of the unit, Capital and Counties USA Inc., through a joint venture arrangement with Capital Shopping Centres.

Capital Shopping Centres will receive 4.1 million shares of Equity One common stock and 10.9 million...
To view the full article, register now.