Centro picks bidders for US malls

Australia's Centro Properties Group has narrowed down bidders for its $9.5bn US shopping mall assets to three consortiums, including private equity firm Blackstone Group , accoridng to sources. The suitors are Blackstone; Morgan Stanley Real Estate which has teamed up with Starwood Capital Group; and a third consortium led by New York-based NRDC Equity but also including Australia's Lend Lease. Final bids for the 600 US properties are believed to be due in the third week of February.