Blackstone moving in
Nov 18, 2012 (Menafn - The Australian Financial Review - ABIX via COMTEX) --US-based private equity firm Blackstone Group is boosting its exposure in Australia. Following its acquisition in 2011 for A806m of Valad Property Group, it has now bought the Top Ryde shopping mall in Sydney for A341m. The asset will be added to its new Blackstone Real Estate Partners VII fund, worth A13.3bn.
Publication Date: 19 November 2012
TOP RYDE SHOPPING CENTRE
THE BLACKSTONE GROUP LP
VALAD PROPERTY GROUP
BLACKSTONE REAL ESTATE PARTNERS VII LP
MORGAN STANLEY AUSTRALIA LIMITED
BOS INTERNATIONAL (AUSTRALIA) LIMITED
Copyright 2012 LexisNexis Australia. All Rights Reserved.