Multi Corporation appoints Jaap Blokhuis as Chief Executive

Multi Corporation appoints Jaap Blokhuis as Chief Executive

Gouda , 25 February 2014

Multi Corporation appoints Jaap Blokhuis as Chief Executive

Multi Corporation, the leading owner, manager and (re)developer of high quality shopping centres across Europe and Turkey which was acquired by real estate funds managed by Blackstone last year, announces the appointment of Jaap Blokhuis as Chief Executive Officer. He will start in mid-April.

Jaap Blokhuis was previously Chief Executive Officer of Redevco, which under his leadership became one of the largest retail real estate investment management companies in Europe. He also has served on the Supervisory Boards of RABO Real Estate Group and of Corio NV, the European retail property company.

Jaap Blokhuis said:
“I look forward to working with the Multi team and to further developing the business as a best-in-class owner, manager and developer of retail real estate. I have long been impressed by the creativity which Multi brings to shopping centres and I am excited to lead Multi as a growing portfolio company of Blackstone.”

Ken Caplan, Blackstone’s Head of European Real Estate, said:
“We are delighted to welcome Jaap Blokhuis as Chief Executive of Multi. He has a unique level of expertise in retail asset management throughout Europe, which will benefit Multi greatly as it further expands its portfolio of leading shopping centres. We are enthusiastic about the growth prospects of Multi under Jaap’s leadership.”

About Multi Corporation
Multi is a leading owner, manager and (re)developer of high quality shopping centres across Europe and Turkey. As a well-capitalised, growth-oriented, pan-European retail platform Multi is focussed on creating, managing and improving sustainable rental income. Multi’s projects are often the catalyst for economic growth and social regeneration of cities and regions. Since its foundation in 1982, Multi has been responsible for more than 180 projects and owns and manages 60 shopping centres.

Multi is active in 12 countries, including the Netherlands where the company is headquartered, as well as Belgium, Czech Republic, Germany, Italy, Poland, Portugal, Slovakia, Spain, Ukraine, the United Kingdom and Turkey.

About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Founded in 1991, Blackstone’s real estate business is the largest real estate investment manager in the world, with more than $79 billion in investor capital under management. Blackstone’s portfolio includes hotel, office, retail, industrial and residential properties in the U.S., Europe and Asia. Major holdings include: Hilton Worldwide, Equity Office Properties and Brixmor shopping centres (owner of 700 open air shopping centres in the US). Blackstone seeks to create positive economic impact and long-term value for its investors, the companies they invest in, the companies they advise and the broader global economy. In addition to managing real estate private equity funds, our alternative asset management businesses include the management of private equity funds, hedge fund solutions, credit-focused funds and closed-end mutual funds. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow us on Twitter @Blackstone.