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Last Updated ( Tuesday, 29 April 2014 18:10 )
DATE_FORMAT_LC2=Monday,April 28 2014 12:00:00 am EDT   
DDR Closes on Sale of Brazilian Investments for $344 Million

Beachwood, Ohio – DDR Corp. has closed on the sale of its 50 percent ownership interest in Sonae Sierra Brazil BV Sari (SSB BV Sari) for $344 million. The Brazilian portfolio consisted of 10 regional shopping centers comprised of 4.6 million square feet. This interest comprised DDR's entire investment in Brazil. The buyer was Germany's Alexander Otto and affiliates.

Scott Reid






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