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Report: Blackstone in pole position for Ireland's biggest mall

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Report: Blackstone in pole position for Ireland's biggest mall

Green Property Group has selected asthe lead bidder for the roughly €1 billion sale of Blanchardstown Centre inBlanchardstown, Dublin, Bloomberg News reported, citing two peoplefamiliar with the situation.

Earlier, Blackstone joined Chartered Landand Canada Pension Plan Investment Board in the second round of bidding forIreland's biggest mall.

The 112,000-square-meter shopping and leisure destination inDublin was placed onthe market in February. The 85-acre asset is the largest shopping center inIreland and has 176 stores including 20 food restaurants, two retail parks anda multiplex cinema. The center also has an additional mixed-use developmentcapacity of around 148,500 square meters.