SUBSCRIBERS
Blackstone gets US$1.5b in commitments for property fund
Published Fri, Nov 7, 2014 · 09:50 PM
Seattle
BLACKSTONE Group LP has commitments of about US$1.5 billion for its first fund to buy stable, well-leased US real estate, expanding a year-long foray into the biggest part of the commercial property market.
The fund, Blackstone Property Partners, planned to hold its first close on capital commitments on Friday, said a person with knowledge of the matter, who asked not to be named because the fund-raising is private.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Australian budget to target housing woes with more construction workers
UK construction growth hits 14-month high in April, PMI survey shows
KKR buys 14 hotels in Japan, converts them to midscale Sheraton properties
Abu Dhabi developer Aldar picks banks for 10-year green sukuk
UK house prices stagnate in April as higher mortgage costs bite
When buying a home is treated as a national security threat