Centro Property Group, the Australian Securities Exchange-listed retail property company confirmed today the $9.4 billion sale of its US assets to The Blackstone Group in one of the biggest deals since the global financial crisis began.
Centro confirmed the sale of its 600-strong US retail portfolio to Blackstone, as reported by the Wall Street Journal yesterday.
Blackstone’s $9.4bn Centro deal confirmed
The deal means the world’s largest real estate opportunity fund - Blackstone Real Estate Partners VI - is getting closer to being fully committed. BREP closed on $10.9bn in April 2008.
