Blackstone related stories
All articles and analysis
Blackstone consortium buys Eurohypo US loan portfolioThe New York-based private equity giant has teamed up with US Bancorp and Wells Fargo to purchase a portfolio of US property loans valued at $760 million from Eurohypo.
- EUROPEAN ROUNDTABLE: Intellectual honesty amid economic woes
With approximately £100 billion of UK real estate that cannot be refinanced under current conditions, there are plenty of opportunities for the country’s private equity real estate players. However, as the roundtable participants reveal, the UK market isn’t as simple as that. PERE Magazine, June 2012 issue.
- Global institutions beaten in bid for Centro properties
A portfolio of 50 percent stakes in three of Centro Retail Australia’s marquee shopping centres has been sold to Stan Perron, the Perth-based billionaire, ahead of investors such as TIAA-CREF, CPPIB and Australian fund manager QIC, in deal valued at A$690.4 million.
- Going, going, gone
Most of the legacy real estate fund businesses sponsored by financial institutions have disappeared from this year’s PERE 30 ranking, while strategic shifts and large older vintage funds do not bode well for the remaining bank-sponsored platforms.
- TPG, Patron Capital succeed in European deal
The US private equity firm, TPG Capital, and London-based Patron Capital, have persuaded Class A bondholders in a defaulted CMBS situation to accept a restructuring proposal.
- Blackstone UK resi investment installs next chairman
The Miller Group, the UK’s largest privately-held homebuilder, now 50 percent owned by The Blackstone Group, has appointed Phillip Bowman to be its next chairman.
- IF THESE WALLS COULD TALK: Third time’s the charm
The 10-building, 1.7 million-square-foot office complex known as Pacific Shores Center has had a much more tumultuous history than one would expect from such a relatively new asset. PERE magazine, April 2012 issue.
- Goldman’s REPIA plots $3bn US and Europe debt fund
The investment bank’s private equity real estate platform is expected to raise a sequel fund to its 2008, $2.6bn GS Real Estate Mezzanine Partners that would target both US and European opportunities.
- Blackstone to take advantage of SocGen exit with early deal
The New York-based investment and advisory firm has agreed to take control of €100 million of real estate loans from French bank Société Générale, which last year signalled a retreat from the sector.
- Eurohypo to sell $750m US loan portfolio
As part of its strategy to reduce its US assets, the troubled commercial real estate finance unit of Germany’s Commerzbank is seeking bidders for a portfolio of 12 US loans. The move follows closely on the heels of a $300 million US loan portfolio sale to The Blackstone Group.