Blackstone related stories
All articles and analysis
AREA, Delancey poised to buy £1.2bn London developerAREA Property Partners and Delancey have prevailed in a bidding war between private equity real estate firms for London Stock Exchange developer Minerva. Should the bid materialise into a completed transaction, the partners will inherit a portfolio last valued at £1.2bn.
- The real deal
Brookfield's success with its Real Estate Turnaround Consortium has given the Toronto-based firm the confidence to target $4 billion for its new global opportunity fund.
- Euro mezz lending returns compress to 15.9%
According to the first piece of dedicated research by CB Richard Ellis, an increasingly competitive mezzanine finance sector in Europe has seen lenders reduce their return expectations considerably since the advent of the credit crunch.
- The changing face of the PERE 30
Wall Street’s retreat from the world of private equity real estate is manifest in this year’s PERE 30 ranking.The ranking also demonstrates how firms closer to the private equity world are beginning to fill the void.
- OMERS property arm close to £415m UK office park buy
According to reports in the UK property press, Oxford Properties, the real estate development and investment management business of Canadian pension fund Ontario Employees Retirement System, is close to buying one of the largest office parks in Europe.
- Blackstone to buy Valad Property Group
The Blackstone Group has agreed to buy Australia’s Valad Property Group in cash, with an equity outlay of around $226m.
- Credit Suisse’s Brennan to join Carlyle
Jessica Hoffman Brennan will join former Credit Suisse private equity and real estate executives Michael Arpey and Alok Gaur on Carlyle’s investor relations team, which now has about 20 staff.
- Blackstone launches Fund VII fundraise
The firm’s $10.9bn Blackstone Real Estate Partners VI fund is 82% invested, triggering the firm’s next mega fundraise, believed to be Fund VII. News of the fundraise comes on the back of Blackstone’s real estate portfolio increasing in value by 8.7% in the first quarter.
- LaSalle capital raise brings debt pot to £400m
LaSalle’s special situations division has expanded its debt offering after raising £150m to issue as junior loans. The division was originally launched last year to provide mezzanine financing.
- London will need four more Shards to meet growing office demand
As the UK’s financial sector regains its health, demand for office space in Central London is expected to soar with an extra 1.6m sq. ft. needed over the next three years.