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
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