General Growth Properties, the bankrupt owner of more than 200 US malls from Boston to Los Angeles, aims to confirm a reorganisation plan by 5 Oct, after taking 60 days to consider proposals that compete with one from Brookfield Asset Management.

The company’s “dual-track” process, considering both mergers and financing bids, is on a clear schedule, and won’t take more time to close than a cash-based merger transaction would, General Growth said in papers filed yesterday in US Bankruptcy Court in Manhattan. The company gave a timeline in response to creditors, who objected to General Growth’s bid to control its bankruptcy for another six months given a $10bn offer from Simon Property Group.