The Blackstone Group (NYSE:BX) is reportedly buying U.S. commercial properties from Australiaís Centro Properties.
Centro is selling the assets to Blackstone for $9.4 billion, according to several media reports.
The assets include almost shopping centers, with tenants such as Kroger (NYSE:KR) and Safeway (NYSE:SWY).
Blackstone reportedly beat bids from a team of Morgan Stanley (MS) and Starwood Capital Group, as well as NRDC.
Reuters reported a deal is expected to be announced tomorrow, noting that last year, Blackstone bought properties from warehouse REIT ProLogis (NYSE:PLD) as well as Eaton Vance (NYSE:EV), and that it its real estate portfolio also includes Hilton hotels.
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