Full coverage· Economy· Updated
BIG Sells Key Shopping Centers in US and France to Focus on Balkan and Eastern European Markets
Israeli real estate group BIG sold major shopping center assets in the US and France as part of a strategic focus on the Balkans and Eastern Europe. The company completed an $103 million sale of a Nevada shopping center and agreed to sell its French logistics operations.
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What happened
- 01BIG sold 80% of its Nevada shopping center for $103 million, above book value.
- 02The company plans to sell its last US asset by end of 2026, exiting the American market.
- 03BIG agreed to sell its 50% stake in French logistics firms for about 23.4 million euros.
- 04The French deal includes loan repayments and guarantees from the local partner.
- 05CEO Chai Galis said sales generate cash to expand in the Balkans and Eastern Europe.
- 06BIG focuses on shopping centers in growth markets with high returns and competitive advantages.
BIG plans to exit the US market entirely by 2026, reallocating resources to growth regions.
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