blackstone group lp/the (BX) Key Developments
Blackstone Puts Cadbury-Schweppes House Up For Sale
Feb 26 15
The Blackstone Group L.P. (NYSE:BX) is looking to sell Cadbury-Schweppes House, 19-storey tower at 636 St Kilda Road. Blackstone Group expects to sell Cadbury-Schweppes House for AUD 70 million.
Blackstone Reportedly To Acquire LandSecs Stake In Times Square
Feb 26 15
The Blackstone Group L.P. (NYSE:BX) is reported to be in exclusive talks to purchase 95% interest in Times Square office development in the City of London from Land Securities Group plc (LSE:LAND). A source close to the deal said that transaction might be valued around £260 million.
Blackstone In Talks For Coalition For Investment
Feb 25 15
The Blackstone Group L.P. (NYSE:BX) is in discussions with its biggest investors to create a “coalition of the willing” that can acquire control of large companies outside of its funds, Joe Baratta, head of private equity at Blackstone said. He said: “I don’t know why Warren Buffett should be the only person who can have a 15-year, 14% sort of return horizon.” He added that Blackstone is working out how to create “a coalition of the willing who we’d put together to own an asset for a very long time.” He added: “There are clearly assets like Heinz” and other consumer goods companies, as well as infrastructure assets that a Blackstone-led coalition could target. It opens up a whole universe of opportunities that we’re not currently accessing.”
Blackstone Appoints Bennett Goodman as Board of Director
Feb 24 15
Blackstone announced that Bennett Goodman has joined its board of directors. Bennett is a co-founder of GSO Capital Partners, Blackstone's credit investment platform. He joined Blackstone in 2008 when it acquired GSO and currently sits on the firm's Management Committee.
Investors Mull Acquisition Of Investa
Feb 23 15
Mitsubishi Estate Co., Ltd. (TSE:8802), CBRE Global Investors Inc., City Developments Limited (SGX:C09) along with other investors are mulling the acquisition of Investa Property Group from Morgan Stanley Real Estate Investing. The other investors include The Blackstone Group L.P. (NYSE:BX), Ivanhoé Cambridge, Inc., Fosun International Limited (SEHK:656), LaSalle Investment Management Inc. and Cbus Property Pty Ltd. No time limit has been set on the sale.