Deals
Centro U.S. Assets Said to Draw 3 Bids of at Least $9 Billion
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Centro Properties Group, the Australian developer seeking to sell 588 shopping centers in the U.S., received at least three bids of $9 billion or more for the assets, according to people with knowledge of the matter.
The offers were from Blackstone Group LP; a group comprising Morgan Stanley, Starwood Capital Group LLC and Paulson & Co.; and a team of NRDC Equity Partners LLC and AREA Property Partners, according to the people, who asked not to be identified because the bidding is private.