Seeking Alpha

Blackstone about to buy more Australian property

  • Blackstone (BX) is set to buy 7 Australian office buildings from the real estate arm of GE for about $271M, reports the WSJ, with an agreement to be announced as soon as today.
  • It will mark GE's 2nd recent big sale of Australian property and Blackstone's 2nd recent big purchase.
  • GE's Aussie insurance unit is also on the block and a number of big players are sniffing around.
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