Seeking Alpha

Blackstone to buy Max Property for $707M

  • Blackstone (NYSE:BX) has agreed to buy U.K real estate business Max Property for £414M ($707M) in cash. Max Property focuses its operations on property flipping - reselling buildings at a profit after renovations or improvements.
  • The acquisition will be executed by Marina Topco, a group controlled by Blackstone Real Estate Partners Europe.
  • Currently, Blackstone manages $80.4B of total real estate assets, including about $10B of debt.
Comments (2)
  • Ocean Man
    , contributor
    Comments (603) | Send Message
     
    "Max Property, great name."
    "Thanks, I got it off a hair dryer."
    22 Jul 2014, 09:22 AM Reply Like
  • whiff
    , contributor
    Comments (859) | Send Message
     
    Does BX scare anyone with this type of acquisition? Property flipping in the UK?
    22 Jul 2014, 05:06 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs