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

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.