NNN Lease Market News
Blackstone will purchase Centro's U.S. Malls spending 9.4 billion dollars
The largest private-equity firm in the world, Blackstone Group LP, agreed to buy Centro Properties Group’s selection of U. S. shopping centers for an amount of $9.4 billion, two people aware of the matter said.
The purchase of five hundred and eighty eight malls, at the market price they were valued at as of Dec. 31, may enable Centro’s Australian operations to run as an independent company, said one of the people, who declined to be named before an official statement. The deal may get announced as early as today, the person said.
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