PRIVATE equity firm Blackstone Real Estate has shed the Centro Properties US brand, by changing its name to Brixmor Property Group.
Brixmor is the second largest owner of community and neighborhood shopping centers in the United States with 585 properties aggregating approximately 92.0 million sq ft.
CEO Michael Carroll said the new name embodies the physical foundation of the business in bricks and mortar.
He also said the group will re-engage its redevelopment program.
Australian Property Journal
