Blackstone related stories
All articles and analysis
Morgan Stanley wins debt extension on $3bn Japan hotels portfolioMorgan Stanley Real Estate Investing, the private equity real estate fund management division of Morgan Stanley, has won an extension from its lenders on a portfolio of hotel investments bought from All Nippon Airways.
- Wellcome, Blackstone withdraw RBS bid
A bid by UK charitable foundation The Wellcome Trust and The Blackstone Group to buy 318 branches owned and operated by UK bank The Royal Bank of Scotland, has been withdrawn.
- Blackstone recruits ex-HBOS real estate head as advisor
The New York-based private equity and real estate giant has drafted in ex-HBOS head of real estate, Nick Robinson, as an advisor as it seeks to unlock investments in the UK.
- Blackstone’s £1bn London investment close to securing major tenant
The risk behind Blackstone's investment in Broadgate, a large office complex in central London, is expected to be diminished after its largest tenant agreed to extend its occupation via a pre-let.
- ING REIM sale process begins
The sale of ING Real Estate Investment Management is to commence in the next two to three weeks after Morgan Stanley was appointed to market the €64.4bn business. Private equity firms KKR and TPG are reportedly considering bids.
- MSREF VI faces $5.4 billion loss
The one-time world’s largest private equity real estate investment fund, Morgan Stanley Real Estate Fund VI International, is on course to lose almost two-thirds of its equity.
- Apollo lands $8bn Citi Property Investors
Leon Black’s Apollo Global Management has been chosen as the preferred bidder to take control of Citi Property Investors, the real estate investment arm of Citigroup.
- Blackstone to slice $4bn off Hilton debt pile
The New York based private equity firm is to reduce its $20 billion debt position on the 2007 purchase of a large Hilton hotels portfolio by $4bn, according to court papers seen by Bloomberg.
- Report: BoA to re-grow Merrill Lynch funds platform
The bank is reportedly hiring people for the real estate funds group ahead of further capital raisings. PERE first revealed in December how BoA shelved plans to exit the management of its Asia real estate funds platform.
- Blackstone-backed theme park gets approval for Florida
Merlin Entertainments, the theme park operator acquired by The Blackstone Group for $2.5 billion in 2005, is to develop a Legoland park in Florida.