Blackstone Group

Funds

ADDX-listed real estate fund by Elite Partners Capital completes $792.2 mil sale to Blackstone

With the completion of the sale, the fund by Elite has achieved annualised returns of more than double its target of 12% per annum

Property

Blackstone buys Lucasfilm Singapore facility for $176 mil, eyes more properties

Blackstone acquired The Sandcrawler building located in One-North, which also houses Disney and GovTech.
Blackstone may buy out Indiabulls Real Estate's commercial properties

Property

Blackstone may buy out Indiabulls Real Estate's commercial properties

BENGALURU (Aug 5): Blackstone Group is set to buy the remaining 50% stake in Indiabulls Real Estate's commercial properties for about 48 billion rupees ($952 million), the Economic Times (ET) reported on Monday.

M&A

Largest Singapore M&A deal done in 1H2019, but bankers earned lower amount of fees than before

SINGAPORE (June 24): The total value of merger and acquisition deals involving Singapore entities surged in the first half of this year, boosted by what is by far Singapore’s largest deal ever: the sale of Global Logistic Properties’ US logistics ass

Company in the news

Blackstone agrees to buy US$18.7 bil of US logistics assets from Singapore's GLP

SINGAPORE (June 3): Blackstone Group is making a huge bet on the future of e-commerce, agreeing to buy US$18.7 billion ($25.7 billion) of US logistics assets from Singapore’s GLP in what it says is the world’s biggest private-equity real estate deal.

Asset management

Blackstone pushes 2018 global real estate AUM to US$3.2 trillion mark with a record-breaking year

SINGAPORE (May 22): Total real estate assets under management (AUM) for 2018 rose 12% to US$3.2 trillion ($4.4 trillion) from US$2.8 trillion in 2017, according to this year’s ANREV/INREV/NCREIF Fund Manager Survey.
GIC said to be among bidders for Anbang hotel portfolio

Property

GIC said to be among bidders for Anbang hotel portfolio

NEW YORK (May 22): Brookfield Asset Management Inc. and Fortress Investment Group are among the bidders for a portfolio of 15 hotels owned by Anbang Insurance Group Co., according to people familiar with the sales process.

M&A

Blackstone closes US$1.1 bil deal to buy Maui resort from GIC: reports

(Jan 11): Blackstone Group LP reached an agreement to acquire a luxury resort on the Hawaiian island of Maui for about US$1.1 billion, according to a person with knowledge of the deal.

M&A

Croesus Retail Trust unitholders approve Blackstone's $901 mil buyout offer

SINGAPORE (Sept 13): Unitholders of Croesus Retail Trust on Wednesday morning voted in favour of Blackstone's $1.17 per unit cash offer to privatise the trust.

M&A

Blackstone to pay $1.17 in cash per unit to acquire Croesus Retail Trust

SINGAPORE (June 28): Affiliates of Blackstone Real Estate have proposed to acquire all the issued units in Croesus Retail Trust (CRT) by way of a trust scheme for a consideration of $1.17 in cash per unit.
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