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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 Grouphas shortlisted bidders for its $9.5 billion U.S. shopping mall assets to three consortiums, TheWall Street Journalreports. Bidders includeBlackstone Groupand a group led byMorgan Stanleyreal estate fund andStarwood Capital Group.

    NRDC Equity PartnersandLend Leasehave also partnered to place a bid. A partnership ofEquity OneandApollo Global Managementhas dropped its bid, however, Equity One continues to try to join one of the remaining bids.

    Click here for the story fromThe Wall Street Journal.

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