- Taubman Centers (NYSE:TCO) completes the sale of half of Taubman Asia's interest in South Korean shopping center Starfield Hanam to real estate funds managed by Blackstone (NYSE:BX) for $300M.
- Net proceeds are expected to be ~$240M after the allocation of property-level debt and transaction costs.
- After the sale, Taubman owns 17.15% beneficial interest in the shopping center.
- Previously: Taubman, Blackstone in deal for three Asian shopping centers (Feb. 14)