GGP Ggp Inc. (delisted)

Oakwood Center�s reconstruction as the West Bank�s premier shopping, dining and entertainment destination for New Orleans area shoppers is moving full speed ahead. With more than 1,000 construction workers, engineers, and architects working on Oakwood Center, the nearly 1 million-square-foot center is set to re-open in the fall of this year. �The re-opening of Oakwood Center signifies more than just another business opening. It is a commitment to helping restore this great city to what it was prior to Hurricane Katrina, and make it even better,� said John Bucksbaum, chief executive officer of General Growth Properties. Oakwood Center -- a 947,000-square-foot, 68-acre retail, dining and entertainment destination -- is anchored by Dillard�s, Sears (both currently open) and JCPenney. The center will also include: three sit-down restaurants; 360,000 square feet of specialty shops (regional and national retailers); and a 20,000-square-foot food pavilion. �The shopping center is being rebuilt with a timeless and contemporary feel that shoppers will enjoy,� said Chris Roberts, Jefferson Parish councilman. Oakwood Rebuild Replacements: Signage welcoming shoppers at all entries reflecting the new logo Thousands of earth-toned porcelain tiles re-flooring Oakwood Center Hundreds of small-dome skylights sprinkling the ceiling of Oakwood Center, accentuated by colored light boxes Each hallway showing its own color for shopper convenience 12 huge skylights illuminating Oakwood Center and its exposed steel ceilings Seven soft seating areas complemented by modern, colorful couches and chairs Oakwood�s fountain operating as the centerpiece of the shopping mall 26 RMUs and 10 seasonal kiosks featuring trendy merchandise 20,000-square-foot food pavilion offering a selection of 10 cuisines and seating for 300 people A family restroom providing a nursery room, lounge and family room ABOUT GENERAL GROWTH PROPERTIES General Growth Properties, Inc. is the second largest U.S.-based publicly traded real estate investment trust (REIT) based upon market capitalization. General Growth has ownership interest or management responsibility for a portfolio of more than 200 regional shopping malls in 45 states, as well as ownership interest in master-planned community developments and commercial office centers. General Growth�s international portfolio includes ownership and management interest in shopping centers in Brazil and Turkey. The Company�s portfolio totals approximately 200 million square feet and includes more than 24,000 retail stores nationwide. General Growth Properties, Inc. is listed on the New York Stock Exchange under the symbol GGP. For more information, please visit http://www.ggp.com.