TITLE

Blackstone wins €1bn DB portfolio

PUB. DATE
December 2003
SOURCE
EuroProperty;2003, p3
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Blackstone Group Inc. has been picked as the successful bidder for the largest pan-European corporate property sale. Blackstone paid Deutsche Bank AG €1bn for a portfolio of 51 bank branches and offices in nine jurisdictions including Germany, Spain, Belgium, Italy and Portugal. Two thirds of the 490,000m[sup2] portfolio is in Germany, with Blackstone awarding the management contract for this portion to Jones Lang LaSalle. The bank will continue to occupy most of the properties for the medium to long-term.
ACCESSION #
11712243

 

Related Articles

  • Deutsche to Unload Buildings.  // American Banker;11/25/2003, Vol. 168 Issue 227, p20 

    Discusses a deal in which Deutsche Bank AG will sell 51 European properties to Blackstone Group, a U.S. private equity firm. Amount and purpose of the sale; Comment of WGZ-Bank analyst Wulf Weiler; Background on Blackstone.

  • British Land in talks over sale of Broadgate stake. Phillips, Mike // EG: Estates Gazette;8/22/2009, Issue 933, p25 

    This article reports on the negotiations entered by British Land for the sale of its 50 percent stake in Broadgate, an office complex in London, England. The real estate investment trust (REIT) has received several approaches from potential co-investors in Broadgate. The company is in talks with...

  • Blackstone Secures $2.1B Loan for Home Purchases.  // National Real Estate Investor Exclusive Insight;3/14/2013, p16 

    The article reports that Deutsche Bank AG closed on April 29, 2013 a 2.075 billion U.S. dollar syndicated loan to facilitate Blackstone Group's real estate owned (REO) to rental program.

  • Albertsons Could Attract Joint Bids. Zwiebach, Elliot // SN: Supermarket News;9/19/2005, Vol. 53 Issue 38, p6 

    Reports on speculations that Albertsons mandated Goldman Sachs & Co. and Blackstone Group to look for preliminary bids for interested private equity investors for its planned sale. Problems that may arise on acquiring the company; Potential investors for the planned sale of the company;...

  • DEUTSCHE BANK: FOCUS ON ASIA PACIFIC AND US.  // EuroProperty;5/20/2013, p9 

    The article reports that Deutsche Bank AG's latest Global Real Estate Strategic Outlook has recommended investors to be underweight in their holdings in Europe and overweight in Asia Pacific and the U.S.

  • Deutsche Bank preps cable sale. Meza, Ed // Daily Variety;4/15/2003, Vol. 279 Issue 7, p10 

    Reports on the sale of Deutsche Bank's AG cable television unit Tele Columbus in Germany.

  • Deutsche Bank May Sell Asset Manager.  // American Banker;11/23/2011, Vol. 176 Issue 181, p12 

    Brief information is given about Deutsche Bank AG's asset management division which has four business lines and the outlook for Deutsche Bank to sell parts of this division.

  • Cosmopolitan sold.  // Travel Daily;5/22/2014, p10 

    The article reports on the sale by Deutsche Bank of Cosmopolitan of Las Vegas hotel to Blackstone Real Estate Partners in 2014.

  • Accor Sells Motel 6 For $1.9 Billion.  // Hospitality Ireland;Jun2012, Issue 77, p11 

    The article reports that hotel operator Accor SA has sold the Motel 6 US budget hotel chain to Blackstone Group LP for 1.9 billion dollars.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics