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:
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Almada Forum, in Lisbon, one of the leading shopping centres in
Iberia, with 59,000 m2 of lettable space;
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Forum Montijo in Lisbon, with 41,000 m2 of lettable space; and
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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
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