Blackstone buys 40% stake in China mall owner

The world's largest private equity group and ICBC International acquire stakes in SCP, which manages shopping malls across the Pearl River Delta, Yangzi River Delta and Bohai Economic Rim.

Blackstone buys 40% stake in China mall owner

Blackstone and ICBC International have bought a 40% and 6% stake respectively in SCP, a Chinese shopping mall owner.

Financial details were not disclosed but the value of Blackstone's stake is about $400 million, according to a person close to the situation.

The investment in SCP represents Blackstone's largest mall investment in the Asia Pacific region and gives the firm a platform to continue to invest capital in Chinese malls, whether...

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