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Max set for £448m sale to Blackstone

Max Property Group, the closed-ended real estate investment company established in May 2009 to exploit the cyclical weakness in the UK property market, has proposed to shareholders the wholesale disposal of its property business to a company controlled by Blackstone Real Estate Partners Europe IV, Marina Topco (Jersey) Limited.
By James Wallace
July 22, 2014 | 12:15 P.M.

The proposed transaction comprises the sale of MPG Opco, a wholly-owned subsidiary of the Max Property Group - chaired by Aubrey Adams and externally managed by Prestbury Investments, itself owned and managed by a team led by Nick Leslau and Mike Brown.

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News | Max set for £448m sale to Blackstone