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Report: Blackstone, GE, Mulpha, Mirvac Bidding for Centro

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At least four companies are considering bids for a controlling stake in the struggling retail-property giant, Centro Properties Group.

Bids are expected from Blackstone Group and General Electric's GE Real Estate in the US, Australia's Mirvac Group and Mulpha, a subsidiary of Malaysian conglomerate Mulpha International, informed sources said.

Other bidders are also likely to vie for Centro Properties as well as its various interests.

Centro is expected to collect formal bids “within several weeks”. Details of the planned bids weren't available.

Blackstone and GE declined to comment. Mirvac and Mulpha didn't immediately return messages seeking comment.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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