CHICAGO, Aug. 17 /PRNewswire/ -- General Growth Properties (NYSE: GGP)
announced today it has entered into a strategic alliance with the country's
premier shopping mall security providers, Valor Security and
Allied-SpectaGuard.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990208/CGM015 )
This alliance is designed to address a number of issues, including officer
retention, training and overall quality of services provided. The two
providers will work closely with GGP's Security and Risk Management functions
to improve the skill levels of their employees with a focus on reducing risk
to the property owners and consumers. The agreement also encourages vendors
to leverage technology to increase efficiency while controlling cost.
"We anticipate that performance criteria within this agreement will
improve employee satisfaction, reduce turnover and result in a more effective
security program at our centers," said David Levenberg, Corporate Director of
Security, General Growth Properties.
Millions of shoppers visit each GGP mall every year. They expect a safe
and comfortable shopping experience. The effectiveness of the GGP Security
Program can help ensure a positive experience.
"General Growth has a long history with Valor Security and
Allied-SpectaGuard. Both companies have an outstanding track record with our
company. Their commitment to quality performance and service was paramount in
our selection," said Levenberg.
General Growth Properties is the nation's second largest owner, manager
and developer of regional shopping malls. General Growth currently has
ownership interests in, or management responsibilities for, a portfolio of 136
regional shopping malls in 37 states. A publicly traded Real Estate
Investment Trust (REIT), General Growth Properties is listed on the New York
Stock Exchange under the symbol GGP. For more information on General Growth
Properties, visit the corporate Web site at http://www.generalgrowth.com .
SOURCE General Growth Properties
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Related links:
http://www.generalgrowth.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/19990208/CGM015
PR Newswire Photo Desk, 888-776-6555 or 201-369-3467
Company News On-Call:
http://www.prnewswire.com/comp/110740.html or fax,
800-758-5804, ext. 110740
CONTACT:
David Keating, Media Relations Coordinator
for General Growth Properties, 312-960-6325, fax, 312-960-5484,
email, dkeating@generalgrowth.com
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