GGP Ggp Inc. (delisted)

General Growth Properties, the largest shopping center owner and developer in Las Vegas, announced today the addition of two anchors to the retail line-up at The Shops at Summerlin Centre, the 1.5-million-square-foot regional retail center currently under development in the heart of the valley�s premier master-planned community. Macy�s and Dillard�s join previously-announced anchor Nordstrom, along with specialty home furnishings department store Crate and Barrel as confirmed retailers. According to John Bucksbaum, chairman and chief executive officer of General Growth, parent company of The Howard Hughes Corporation, The Shops at Summerlin Centre is currently scheduled to open on October 16, 2009, and is expected to include more than 100 retailers, more than ten restaurants and commercial office space. Bucksbaum also announced plans to submit The Shops at Summerlin Centre for pre-certification under the Leadership in Energy and Environmental Design (LEED) Green Building Rating System. �General Growth embraces sustainability as an intrinsic part of how we do business,� he said. �We are currently implementing a number of green building initiatives at The Shops at Summerlin Centre.� Green building initiatives at The Shops at Summerlin Centre include high-efficiency air conditioning to reduce energy consumption; waste management and recycling programs; white roofs that reduce heat absorption; green cleaning products and building materials to improve air quality; maximization of natural light; tenant guidelines to encourage green practices and compliance throughout the center; easy access to public transportation; and bike racks and showers for employees so they can bike to work. Bucksbaum said The Shops at Summerlin Centre plans call for utilizing innovative architecture and climate control techniques, including elaborate trellis shading, open air areas outside anchor stores. �Leasing activity is in full swing,� said Bucksbaum of The Shops at Summerlin Centre which features an open-air design. �We expect to make more retailer announcements later this year.� The Shops at Summerlin Centre features an outdoor, pedestrian orientation that is going to create a true entertainment destination for residents along the entire western rim of the valley, as well as regionally, according to Bucksbaum. �The Shops at Summerlin Centre, by virtue of its design and offerings, will soon change where and how people in the Las Vegas region live, shop and dine.� The Shops at Summerlin Centre plans initially includes four anchor retailers and a mix of upscale lifestyle, home and fashion stores that cater to Summerlin and surrounding areas. New renderings for The Shops at Summerlin Centre, released today, illustrate the retail center�s pedestrian orientation. A north-south, pedestrian-only grand paseo invites visitors to stroll, window-shop or relax at outdoor gardens and seating areas, while a grid pattern of east-west streets allows easy vehicular access. Much of the retail shopping and restaurants is located on the first floor of buildings stretched along the paseo. Sidewalks are wide enough to accommodate caf� seating and projecting storefronts. Special design treatments and ample shade created by trellises, awnings, special-design curtains, as well as shaded patios and seating areas, maximize comfort during the summer months. �The Shops at Summerlin Centre is designed as a place of quality and charm where people will come together to shop, work, play, relax, linger and people-watch,� said Bucksbaum. �Much more than just a shopping center, The Shops at Summerlin Centre is both an expression of the larger Summerlin community and a place that strengthens community,� he said. �We are paying close attention to the quality of the buildings and the spaces between the buildings. Their collective purpose is to create a place that brings people together.� GENERAL GROWTH PROPERTIES, INC. GGP is one of the largest U.S.-based publicly traded Real Estate Investment Trusts (REIT) based upon market capitalization. The Company currently has ownership interest in, or management responsibility for, a portfolio of more than 200 regional shopping malls in 45 states, as well as ownership in master planned community developments and commercial office buildings. The Company�s portfolio totals approximately 200 million square feet and includes over 24,000 retail stores nationwide. General Growth�s international portfolio includes ownership and management interest in shopping centers in Brazil and Turkey. In Las Vegas, General Growth�s portfolio includes Fashion Show (1.8 million sf); The Grand Canal Shoppes at The Venetian (500,000 sf); The Shoppes at The Palazzo (450,000), Meadows Mall (950,000 sf); and The Boulevard Mall (1.2 million sf). Future southern Nevada retail centers include The Shoppes at Summerlin Centre (1.5 million sf), opening fall 2009 and High Street at Echelon (300,000 sf), opening fall 2010. The Company is listed on the New York Stock Exchange under the symbol GGP. For more information, visit www.ggp.com. FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements. Actual results may differ materially from the future operations suggested by these forward-looking statements, for a number of reasons, including, but not limited to, the retail market, tenant occupancy and tenant bankruptcies, the level of our indebtedness and interest rates, market conditions, land sales in the Master Planned Communities segment, the cost and success of our development and redevelopment projects and our ability to manage our growth. Readers are referred to the documents filed by General Growth Properties, Inc. with the SEC, specifically the most recent report on Form 10-K, which further identify the important risk factors which could cause actual results to differ materially from the forward-looking statements in this release. The Company disclaims any obligation to update any forward-looking statements.