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Blackstone to launch Asia real estate fund with target of at least US$5b: sources

New York-based Blackstone intends to boost investments in assets such as warehouses and shopping malls in China, India, South-east Asia and Australia, according to a source.

Hong Kong

BLACKSTONE Group LP is readying a new Asia-focused real estate fund that aims to raise a record US$5 billion or more, betting on strong returns from property investments in the region, people familiar with the plans said.

The world's biggest alternative asset manager will...

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