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Blackstone plans factory homes for Aussie retirees

Wednesday, November 26, 2014 - 05:50

Sydney

BLACKSTONE Group LP, the biggest landlord of single-family homes in the US, is entering the factory-built housing market for retirees in Australia to tap an ageing population as traditional home prices soar.

Blackstone agreed to invest A$150 million (S$167 million) in