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May 04, 2015 9:51 AM ET

Real Estate Management and Development

Company Overview of Multi Development BV

Company Overview

Multi Development BV develops, owns, and manages mixed-use shopping centers, inner-city regeneration projects, and offices in Belgium, Czech Republic, Germany, Italy, Poland, Portugal, Slovakia, Spain, the Netherlands, Turkey, Ukraine, and the United Kingdom. The company was founded in 1982 and is based in Gouda, the Netherlands.

Hanzeweg 16

PO Box 875

Gouda,  2800 AW

Netherlands

Founded in 1982

Phone:

31 18 269 0900

Fax:

31 18 269 0690

Key Executives for Multi Development BV

Chairman of The Management Board and Chief Executive Officer
Age: 66
Co-Founder, Managing Director and Member of the Management Board
Age: 55
Chief Financial Officer and Director
Managing Director of Multi Development UK
Technical Director
Compensation as of Fiscal Year 2014.

Multi Development BV Key Developments

Blackstone Group Reportedly Close To Takeover Of Multi Development

The Blackstone Group L.P. (NYSE:BX) is close to completing a restructuring of Multi Development bv that would give it full ownership of the debt-laden Multi Development, reported Bloomberg citing two people with knowledge of the situation. Blackstone has amassed more than 90% of Multi’s €900 million of corporate debt and a similar share of its equity in the past 15 months, according to the people, who asked not to be named because the discussions are private. Blackstone is in talks to buy the rest of Multi’s loans and stock from a German lender, one of the people said. Blackstone believes Multi is in a position to capitalize on a wave of retail-property sales triggered by Europe’s economic woes, the person said. Peter Rose, a Blackstone spokesman, declined to comment on Blackstone’s investment in Multi. Multi representatives didn’t respond. Blackstone, in July 2013, won approval from the European Commission and Turkish antitrust authorities to take over Multi, and no additional government support is needed for the deal to go through, the person said. If a pending deal for Blackstone to buy a group of Italian malls goes through, Multi would absorb those too, according to the person.

British Land In Talks To Acquire Multi's Stake In Southgate

British Land Co. plc (LSE:BLND) is in advanced discussions regarding acquiring a 50% stake in Southgate shopping centre in Bath from Multi Development bv for just less than £110 million. CBRE is representing British Land and Jones Lang LaSalle is advising Multi.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 2, 2014
Novo Banco, S.A., Five Retail Assets In Portugal
Merger/Acquisition
December 1, 2014
14 Dutch Retail Assets
 

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