US Activity Catapults BIG Revenues

YNETNEWS August 2011)  Company’s income from shopping mall management and leasing activity in first half of 2011 totals NIS 88 million – 81% rise compared to same period last year – Anat Tsipkin, Calcalist.  In 2010, the BIG Shopping Centers Group acquired 24 malls in the United States. Financial reports show that the acquisition spree paid off – the US activity yielded the company NIS 71.8 million (about $20 million) in the first half of 2011, compared with only NIS 2.2 million ($610,000) in the first half of the previous year.