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Blackstone buys BioMed Realty Trust for US$8b

BioMed provides office space to life sciences industry, posts US$675m revenue for 2014

STRONG FUNDAMENTALS: Blackstone is "excited to acquire this best-in-class company, which owns an exceptional collection of office buildings catering to life science tenants in gateway markets".

New York

THE Blackstone Group said on Thursday that it had agreed to acquire BioMed Realty Trust, a provider of office space to the life science industry, in a deal valued at US$8 billion, including debt.

Under the terms of the transaction, affiliates of Blackstone Real Estate