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Blackstone said to be in talks to buy Sime Darby's Australian assets

Discussions involve industrial buildings valued at A$250 million

Published Wed, May 4, 2016 · 09:50 PM
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Singapore

BLACKSTONE Group LP is in talks to acquire industrial property assets in Australia valued at about A$250 million (S$253.6 million) from Malaysian palm-oil producer Sime Darby Bhd, according to people familiar with the matter.

The New York-based private equity firm is in discussions to acquire as many as five industrial buildings in Australia, the people said, asking not to be identified because the discussions aren't public.

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