Blackstone Acquires Three Shopping Centres in Spain and Portugal
May 12 2015 - 10:53AM
Business Wire
Blackstone Real Estate Partners Europe IV (“Blackstone”)
announces that it has acquired an additional three assets in
Portugal and Spain which will be managed by its European retail
platform, Multi Corporation. Blackstone acquired these shopping
centres through the acquisition of the shares of the CG Malls
Europe Fund. Multi is one of Europe’s leading shopping centre
owners and managers and owns and manages 25 assets in Portugal and
Spain.
The new additions to the portfolio are:
- Almada Forum, in Lisbon, one of the
leading shopping centres in Iberia, with 59,000 m2 of lettable
space;
- Forum Montijo in Lisbon, with 41,000 m2
of lettable space; and
- Espacio Leon in Northern Spain, which
has 37,000 m2 of lettable space.
Jaap Blokhuis, Chief Executive Officer of Multi, said: “These
are all high-quality award winning assets originally developed by
Multi that we will integrate into our operations in the region. We
will use our skills as a leading pan-European operator to further
improve their attraction for retailers and local consumers.”
About Blackstone Real Estate
Blackstone is a global leader in real estate investing.
Blackstone’s real estate business was founded in 1991 and has more
than $93 billion in investor capital under management. Blackstone’s
real estate portfolio includes hotel, office, retail, industrial
and residential properties in the US, Europe, Asia and Latin
America. Major holdings include Hilton Worldwide, Invitation Homes
(single family homes), Logicor (pan-European logistics), SCP
(Chinese shopping malls), and prime office buildings in the world’s
major cities. Blackstone real estate also operates one of the
leading real estate finance platforms, including management of the
publicly traded Blackstone Mortgage Trust (NYSE:BXMT).
About Multi
Multi is a leading owner and manager of high-quality shopping
centres across Europe and Turkey. As a well-capitalised,
growth-oriented retail platform, Multi is focused on creating,
managing and improving sustainable rental income. Multi’s projects
are often the catalyst for economic growth and social regeneration
of cities and regions. Since its foundation in 1982, Multi has been
responsible for more than 180 projects. As per April 2015 Multi
owns and/or manages 82 shopping centres.
Multi is active in 12 countries, including the Netherlands,
where the company has its headquarters. Other countries in which
Multi is active include Belgium, the Czech Republic, Germany,
Italy, Poland, Portugal, Slovakia, Spain, Ukraine, the United
Kingdom and Turkey.www.multi.eu
For more information or images:BlackstoneAndrew Dowler, +44 (0)
20-7451-4275andrew.dowler@blackstone.comorMulti CorporationEllen
van der Feltz, +31 (0) 182-690-900evdfeltz@multi.eu
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