Sandeep Mathrani is leaving Brookfield

Former GGP CEO had been head of Brookfield's retail division for less than 2 years

Sandeep Mathrani (Credit: iStock)
Sandeep Mathrani (Credit: iStock)

Sandeep Mathrani is stepping down from his role as CEO of Brookfield Properties’ retail group.

Mathrani sent an email to colleagues this week saying the “time has come to embark on the train to the next stop,” Commercial Observer reported.

The email did not give any further details about why Mathrani is leaving.

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Mathrani and Brookfield did not immediately respond to CO’s requests for comment.

Mathrani became head of Brookfield’s retail division after Brookfield acquired the mall REIT GGP in August of 2018 for $15 billion. Mathrani had been the CEO of GGP, which was then the country’s second-largest mall owner. [CO]Rich Bockmann