Blackstone

Blackstone is negotiating to buy three shopping centers to pursue retail realty play

US-based private equity major Blackstone Group is stepping up efforts to spread its retail real estate assets footprint across the country and is currently in talks to acquire three retails malls, said two persons familiar with the development. These proposed acquisitions spread over around 2 million sq ft will push Blackstone’s retail portfolio from 5.1 million sq ft to over 7 million sq ft,...

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