elbit

Blackstone Leads Third Retail Real Estate Deal

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January 16, 2012

Blackstone Group LP and DDR Corp. are teaming up to acquire 46 US shopping centers for USD 1.43 billion from a unit of Elbit Imaging Ltd., reports BW. The acquisition is the third recent investment in discount retail real estate for Blackstone. It also acquired Kimco Realty Corp., and in June it acquired 585 malls from Australia’s Centro Properties Group for USD 9.2 billion. The Centro portfolio was renamed Brixmor Property Group Inc., reports BW.

Image source: EDT Properties

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