Blackstone in Running for Centro’s Shopping Mall Assets

Blackstone Group is among the final bidders for the $9.5 billion US shopping mall assets owned by Australia’s Centro Properties Group, Reuters reported. The field has narrowed to three consortia, including NRDC Equity Partners and Lend Lease Corp; and a team formed by Morgan Stanley’s real estate fund and Starwood Capital Group, Reuters said. Final bids are expected toward the end of February.

(Reuters) – Australia’s Centro Properties Group has narrowed down bidders for its $9.5 billion U.S. shopping mall assets to three consortiums, including private equity company Blackstone Group, a source said on Wednesday.

Morgan Stanley’s real estate fund teamed up with Starwood Capital Group to make a bid, while the third consortium included NRDC Equity Partners and Lend Lease Corp, the source said.

Final bids were due in the third week of February, the source said.

Centro earlier declined to confirm the names of bidders named in a Wall Street Journal report.

(Reporting by Mike Smith; Editing by Balazs Koranyi)