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Blackstone, Morgan Bid For Centro Assets

Centro Properties Group has shortlisted bidders for its $9.5 billion U.S. shopping mall assets to three consortiums.

Centro Properties Group has shortlisted bidders for its $9.5 billion U.S. shopping mall assets to three consortiums, The Wall Street Journal reports. Bidders include Blackstone Group and a group led by Morgan Stanley real estate fund and Starwood Capital Group.

NRDC Equity Partners and Lend Lease have also partnered to place a bid. A partnership of Equity One and Apollo Global Management has dropped its bid, however, Equity One continues to try to join one of the remaining bids.

Click here for the story from The Wall Street Journal.

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