Tag Archives: Blackstone

The real estate developer China Vanke plans to pay about $1.9 billion to the American private equity group Blackstone for commercial properties, the developer said on Tuesday. Vanke said in a Hong Kong Stock Exchange filing that other partners were involved in the deal, but did not identify who they were. It will contribute about 3.9 billion renminbi, or about ...

Blackstone Group LP has promoted a 16-year veteran banker, Christopher Heady, who played a key role in expanding the group’s real estate business by naming him as chairman of its Asia-Pacific businesses. He played a key role in the region. Heady will continue leading the firm’s Asia real estate division and be supported by Jan Nielsen, who will serve as ...

Canadian investment giant Brookfield Property Partners has bought Center Parcs, trumping rivals bids for the holiday business and scotching a potential stock market float. The commercial property group won the auction for the UK holiday parks operator with an offer believed to have been just below the £2.5bn asking price that private equity owner Blackstone had sought for the business. ...

Blackstone Group LP’s chief executive officer, Steve Schwarzman, said buying real estate, financing energy companies and buying floating-rate fixed income instruments are all “a good place to be.” “In terms of taking risk today, there are a variety of different places,” Schwarzman said in a Bloomberg Television interview Monday at the Milken Institute Global Conference in Beverly Hills, California. Blackstone, ...

Blackstone Group LP has gathered $14.5 billion from institutions for a global real estate fund and plans to collect an extra $1.3 billion from individuals, a person with knowledge of the matter said. The world’s biggest alternative-asset manager raised the money in about four months, said the person, who requested anonymity because fundraising details are kept private until the fund ...