10/11/2019
Taubman Schedules Third Quarter Earnings Release and Conference Call
Taubman Centers, Inc. (NYSE: TCO) will announce its third quarter 2019 earnings after the market closes on October 29, 2019. The company will host a conference call to discuss these results on October 30 at 10 a.m. EDT. Shareholders and interested parties may listen to a live broadcast of the conference call by dialing 1-866-820-1712 or 1-973-638-3468 and using reservation code 7378946 or by accessing the call online at http://investors.taubman.com/investors/investor-events-and-presentations. An online replay will be available for approximately 90 days. A telephone replay will be available until November 6, 2019 and can be accessed by dialing 1-855-859-2056 using reservation code 7378946. About Taubman Taubman Centers is an S&P MidCap 400 Real Estate Investment Trust engaged in the ownership, management and/or leasing of 26 regional, super-regional and outlet shopping centers in the U.S. and Asia. Taubman’s U.S.-owned properties are the most productive in the publicly held U.S....
... More
10/11/2019
Peter Sharp Resigns as President of Taubman Asia; Paul Wright to be Promoted into Role
Taubman Centers, Inc. (NYSE: TCO) today announced that Peter Sharp has resigned as president of Taubman Asia. Sharp had held the position since January 2017. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191011005239/en/ Paul Wright (Photo: Business Wire) “We thank Peter for his contributions and his steadfast commitment to driving the company’s growth in Asia,” said Robert Taubman, chairman, president and CEO of Taubman. “We wish him well in his new endeavors.“ Paul Wright, executive vice president and global head of Leasing, will be promoted to president of Taubman Asia effective January 1, 2020. He is relocating to Hong Kong and will then report to Taubman Chairman, President and CEO Robert Taubman. “Paul’s significant relationships with global retailers and partners, and his knowledge of the Asia market, has been an important part of our business in the U.S. and abroad,” said Mr. Taubman. “This promotion is the natural...
... More
09/19/2019
Taubman Completes Sale of Interest in Starfield Hanam to Blackstone
Taubman Centers, Inc. (NYSE: TCO) today announced the completion of the sale of 50 percent of Taubman Asia’s interest in Starfield Hanam (Hanam, South Korea) to real estate funds managed by The Blackstone Group Inc. (Blackstone) for $300 million. Net proceeds to Taubman are expected to be approximately $240 million following the allocation of property-level debt and transaction costs. Following the sale, Taubman will own a 17.15 percent beneficial interest in the shopping center. This sale is consistent with Taubman’s announcement to sell 50 percent of its three Asia-based shopping centers to Blackstone, with closings expected throughout 2019. See Taubman to Sell 50 Percent of its Interests in its Three Asia Shopping Centers to Blackstone – February 14, 2019. “We’re pleased to have made substantial progress on this important transaction, while adding Blackstone as a strategic partner,” said Robert S. Taubman, chairman, president and chief executive officer of Taubman Centers. “We...
... More