Multi Italy Announces the Appointment of Paolo Bottelli as Chairman
Multi Corporation, a 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 Paolo Bottelli as Chairman of its Italian business.
Paolo Bottelli, founder & CEO of Kryalos Asset Management, was previously Chief Executive Officer of Prelios, a leading European real estate asset management and services firm.
Paolo Bottelli said:
“Multi has an exceptional reputation as one of the most innovative developers and managers of retail space in Europe, and I very much look forward to working with its team in Italy to continue to grow the platform.”
Jaap Blokhuis, incoming CEO of Multi Corporation, said:
“Paolo brings great experience in the Italian market to Multi. He is joining at a time when Multi has exciting growth prospects across Europe and within Italy in particular. I am confident that we will benefit greatly from his expertise.”
Over the last twelve months, Blackstone’s real estate funds have acquired six retail assets in Italy valued in excess of € 400 million, including Franciacorta Outlet Village in Brescia and Valecenter in Mestre near Venice.
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 focused 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 European countries today, 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.