Blackstone related stories
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ADIA eyes £620m UK returnThe preeminent sovereign wealth fund of the United Arab Emirates is in talks to make its first real estate investment in the UK since 2007 with the purchase of a distressed hotel portfolio for a reported £620 million.
- China’s SAFE writes $500m ticket to Blackstone
The State Administration of Foreign Exchange (SAFE), which manages more than $3 trillion of China’s foreign exchange reserves, is helping Blackstone towards its $13 billion hard cap for its latest real estate opportunity fund.
- To dip or not to dip
A long-time New York real estate operator is pondering the launch of its first commingled investment fund. The wisdom of testing new waters during the current fundraising environment, however, is debatable.
- Blackstone's RE dispositions to accelerate
The New York-based alternative asset manager expects an uptick in real estate sales in the coming year, although 2012 also “is on track to be a huge year” for new investments.
- Blackstone, MSREI buy distressed Australian loans for A$620m
A partnership between The Blackstone Group and Morgan Stanley has purchased a portfolio of distressed property loans in Australia from Lloyd’s Banking Group at a significant discount. The assets, valued at A$1.8 billion, were acquired on behalf of the firms’ respective global opportunistic funds, BREP VII and G7.
- Blackstone may offload US office holdings
The New York-based private equity and real estate giant is considering selling a 100-plus office building portfolio, which is valued at around $22 billion.
- Blackstone to sell four hotels for $495m
The New York-based private equity giant is offloading four US hotels on behalf of its BREP VI fund to DiamondRock Hospitality. In addition to the cash consideration, Blackstone will own a 4% stake in the Bethesda, Maryland-based hospitality REIT.
- Giannini: the LP community is 'fragmenting'
A formerly unified LP universe is dividing based on those building customised accounts and those sticking to the traditional fund commitment route, Hamilton Lane CEO Mario Giannini said.
- Blackstone tees up first deal in Turkey
The New York firm has agreed to buy three shopping centres for around €200m on behalf of a European opportunistic fund.
- New Mexico makes first non-core commitment in four years
The endowment’s $75 million allocation to The Blackstone Group is the initial capital outlay of approximately $225 million in non-core commitments that the state is expected to make this year.