Deals
Blackstone to Boost Property Investment in Asia, Schwarzman Says
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Blackstone Group LP plans to step up real estate investments in Asia after raising more than $13 billion for a property fund, Chairman Stephen Schwarzman said.
Blackstone, the world’s largest private-equity firm, has been among the biggest buyers or property in Australia and India, Schwarzman told reporters in Hong Kong today. Yields on Blackstone’s commercial real estate investments in India are “in the double digits on an unleveraged basis” in the past year, he said.