U.S. private equity group Blackstone will roll out a fund which will invest in retail assets in Poland, PropertyEU reports. The fund, to be called King’s Street Retail, will be formally unveiled at this year’s Mapic exhibition in Cannes. The vehicle will focus on well-located Polish shopping centers with a strong mix of diversified tenants, attracting high footfall and displaying future growth potential.
Blackstone will be in charge of asset management for each asset. Master Management Group has been hired to provide transaction advisory services, property management, and leasing services to the properties of King’s Street Retail.
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