Blackstone Seals Deal To Buy Out Dutch Mall Developer

Law360, New York (October 3, 2013, 1:38 PM EDT) -- Private equity giant The Blackstone Group LP said Thursday that it has completed its acquisition of Dutch mall developer Multi Corporation, taking on key European retail real estate amid a slowly recovering economy.

The deal adds Multi's 56 shopping centers in 13 European countries, including Turkey, where it is considered the largest owner and manager of such properties, the firm said Thursday. With these properties receiving each year approximately 330 million visitors who together spend roughly €3.2 billion ($4.4 billion), the acquisition is aimed at boosting...
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