- 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.
From other sites
at CNBC.com (Jun 3, 2015)
at CNBC.com (Jun 2, 2015)
at CNBC.com (May 22, 2015)
at CNBC.com (Apr 8, 2015)
at CNBC.com (Jan 21, 2015)
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