Blackstone Acquires Blanchardstown Centre
June 17 2016 - 11:11AM
Business Wire
Blackstone Real Estate Partners Europe IV (”Blackstone”)
announce the acquisition of Blanchardstown Centre, one of Ireland’s
leading retail and leisure destinations from Green Property.
Blanchardstown Centre is a dominant 1.2 million square foot
retail complex comprising over 180 leading stores, together with
numerous restaurants and leisure facilities, including a 9-screen
cinema. There is capacity for an additional 1.6 million square feet
of development potential (across retail, residential, office and
leisure uses) further bolstering the site’s position as a Major
Town Centre. Located in north-western Dublin and linked to
Ireland’s major motorways, Blanchardstown Centre is one of
Ireland’s most accessible and premier retail destinations and
continues to be well placed to serve Dublin and beyond.
Multi Corporation, Blackstone’s pan-European retail platform,
will manage Blanchardstown Centre post acquisition.
Anthony Myers, Head of European Real Estate at Blackstone,
said: "This is a further investment by us in Dublin and
underlines our commitment to Ireland and belief in the strength of
its economy.”
The transaction is expected to close this summer pending
relevant regulatory approvals.
About Blackstone Real Estate
Blackstone is a global leader in real estate investing.
Blackstone’s real estate business was founded in 1991 and has
approximately $100 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 investments 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.
About Multi Corporation
Multi is a leading owner, manager and (re)developer of high
quality shopping centres across Europe and Turkey. As a
well-capitalized, growth-oriented, pan-European retail platform
Multi is focused on creating, managing and improving sustainable
rental income. Multi projects act as a catalyst for economic growth
and social development of the cities and regions in which they are
developed. Since its foundation in 1982, Multi has played an active
role in the development of more than 180 projects, and currently
owns and/or manages over 130 shopping centres. Multi operates in 13
countries, including the Netherlands, where it is headquartered,
and Belgium, the Czech Republic, Germany, Italy, Latvia, Poland,
Portugal, Slovakia, Spain, Ukraine, the United Kingdom and Turkey.
More info on: www.multi.eu
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BlackstoneAndrew Dowler/Rebecca Flower+44 (0)20 7451
4275Andrew.Dowler@Blackstone.com
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