Blackstone joins bidding fray for Australia's Centro Properties

12/29/2010 | Wall Street Journal, The

Blackstone Group has joined the list of companies vying to bid for Centro Properties Group in what will probably be one of the largest property acquisitions in 2011. Blackstone made an "indicative bid," according to sources, with an eye to acquiring Australia-based Centro's U.S. retail properties, which have been valued at $9.5 billion.

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