Blackstone's Portugal bet pays off as malls become hot property
Private equity firm began snapping up shopping centres in 2013; it is currently completing the sale of a fourth mall
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Lisbon
EVEN as many property investors were shunning Portugal during its bailout years, the Blackstone Group was buying.
The New York-based private equity firm began shopping for malls in 2013 and that bet is now paying off: it agreed last month to sell three shopping centres around Lisbon to Groupe Auchan.
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