PropertyEU

Plaza sells 47 US malls to Blackstone JV

By A staff reporter 2012-01-11T00:00:00

Retail property developer Plaza Centers is selling 47 of its 49 shopping malls in the US for US$1.42 bn (EUR 1.12 bn). The buyer is BRE DDR Retail Holdings, a joint venture between a real estate fund managed by US private equity giant Blackstone and Ohio-based shopping centre group DDR ...

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