JMT +3.5%
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Blackstone Fund Acquires Five Portugal Retail Assets for Multi
2014-12-02 10:35:47.387 GMT
By Neil Callanan
Dec. 2 (Bloomberg) -- Blackstone Real Estate Partners
Europe IV bought the properties from Novo Banco Group funds,
according to a statement from the New York-based company.
* Properties totaling 65,000 sq. m. (700,000 sq ft.) bought
for Multi Corp., Blackstone’s European retail platform that
owns or manages 180 shopping centers
* Assets are principally in or near Lisbon and have dominant
market positions: statement
* Blackstone also agreed first logistics acquisition in
Portugal for its Logicor platform, it said in separate
statement
* Five assets, also acquired from funds managed by Novo Banco,
Group; have 185,000 sq m. of warehouse space
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Neil Callanan in London at +44-20-3525-8274 or
ncallanan@bloomberg.net
To contact the editor responsible for this story:
Andrew Blackman at +49-30-70010-6223 or
ablackman@bloomberg.net
2014-12-02 10:35:47.387 GMT
By Neil Callanan
Dec. 2 (Bloomberg) -- Blackstone Real Estate Partners
Europe IV bought the properties from Novo Banco Group funds,
according to a statement from the New York-based company.
* Properties totaling 65,000 sq. m. (700,000 sq ft.) bought
for Multi Corp., Blackstone’s European retail platform that
owns or manages 180 shopping centers
* Assets are principally in or near Lisbon and have dominant
market positions: statement
* Blackstone also agreed first logistics acquisition in
Portugal for its Logicor platform, it said in separate
statement
* Five assets, also acquired from funds managed by Novo Banco,
Group; have 185,000 sq m. of warehouse space
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Neil Callanan in London at +44-20-3525-8274 or
ncallanan@bloomberg.net
To contact the editor responsible for this story:
Andrew Blackman at +49-30-70010-6223 or
ablackman@bloomberg.net