You are here

Sears forms Reit to raise US$2.5b in cash amid losses

London

SEARS Holdings Corp formed a real estate investment trust that will acquire about 254 of the retailer's properties, generating more than US$2.5 billion in proceeds for the money-losing department store chain.

The Reit, Seritage Growth Properties, will lease the Sears and

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom