Blackstone buys BioMed Realty Trust for US$8b
BioMed provides office space to life sciences industry, posts US$675m revenue for 2014
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 Partners VIII would pay US$23.75 a share in cash for BioMed Realty, representing a 10 per cent premium to its closing price Wednesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Airbnb promises to combat sex work in rentals during Paris Olympics
Hong Kong property deals hit three-year high in April
More homes planned in Media Circle to support housing demand
Qatari Sheikh sells London mansion to fellow royal for £39 million
Toronto home sales fall for third month in April; prices rise
Far East Shopping Centre owners in private talks after close of S$928 million en bloc tender