Published On: Wed, Jul 22nd, 2015

Steven Schwarzman’s Blackstone to Buy $2.7 Billion Property Portfolio From Obligo

BLACKSTON Nordic Real Estate Partners  NREP nrep_bilder_boras_1

Blackstone Group LP, the world’s biggest manager of alternative assets, agreed to buy Nordic real estate portfolios valued at about 22 billion kroner ($2.7 billion) in the region’s largest property deal since 2008.

Blackstone Real Estate Partners Europe IV entered into an agreement with 10 funds managed by Obligo Investment Management AS to acquire the portfolios in an all-cash deal, according to a joint statement Wednesday.

“We have had a long-standing ambition to increase our presence in the Nordics, ” James Seppala, head of European Acquisitions at Blackstone, said in the statement.”… READ MORE

 

Stephen Treloar and Jonas Cho Walsgard

Blackstone Group

blackstone

Blackstone, the world’s largest manager of alternative

assets, might be ending its search for new assets in Russia.

A source close to Blackstone, who did not wish to be identified,

told the Financial Times More…

thumbs_65-e-55th-st Blackstone Stephen (Steven) Schwarzman

– Steven Schwarzman’s firm continues to expand its real estate portfolio.

Steve Schwarzman,  Blackstone Group’s has reacquired the Park Avenue Tower

in Manhattan for $750 million. The tower was More…

Stephen-Schwarzman

– – Blackstone Real Estate Partners VII, a real estate fund managed

by the Blackstone Group, has agreed to buy Nevada Property 1 LLC,

the entity which owns the Cosmopolitan casino and hotel in Las Vegas.

Blackstone More…

CEO of Blackstone Stephen (Steven) Schwarzman / Getty

–     Pinnacle Foods Inc. announced today it has entered into a definitive

agreement to be acquired by Hillshire Brands. Pinnacle Foods is a

New York Stock Exchange listed food manufacturing company, based More…

Lady_Gaga_for_Versace_spring_summer_2014_campaign

– – New York based private equity firm Blackstone is taking a 20% position

in Versace, the fashion house based in Milan. Blackstone have agreed to put

up about US$207 million (Euros 150 million) to acquire new More…

Mark_and aron Ain_Kronos

–  (L-R) Mark and Aron Ain / Kronos – Last week human resources software

and services company Kronos Incorporated announced a recapitalization under

which private equity companies have agreed to buy new shares More…

 

 

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