Press Releases

LAS VEGAS, NV - Culinary Workers Union Local 226 and the Bartenders Union Local 165 of UNITE HERE, which represent over 2,000 workers at The Cosmopolitan of Las Vegas, are pleased to announce that employees, known as CoStars, of The Cosmopolitan will retain their employment when an affiliate of Blackstone Real Estate Partners VII acquires the property.

Sao Paulo and New York, December 19th, 2014 – Pátria Investimentos (“Pátria”) and Blackstone (NYSE: BX) today announced that Blackstone Real Estate Partners VII and Pátria Brazil Real Estate Fund III acquired four office buildings in Rio de Janeiro from Opportunity’s Real Estate Fund for R$700 million. Pátria and Blackstone will own the portfolio in a 50/50 joint venture.

London, 17th December, 2014 – Blackstone Real Estate Partners Europe IV (“Blackstone”) announces the acquisition of The Atrium buildings from a group of private investors led by Pat Gunne.

City Developments Limited (CDL) has partnered with Blackstone’s Tactical Opportunities Fund and CIMB Bank Berhad, Labuan Offshore Branch to create a unique investment platform that will invest in the cashflows of CDL’s properties in Sentosa Cove, called the Quayside Collection. Through this transaction, a total of S$1.5 billion will be raised.

Los Angeles, December 8, 2014 – Hudson Pacific Properties, Inc. (NYSE: HPP) (“Hudson” or the “Company”) announced today that it has entered into a definitive asset purchase agreement under which Hudson will acquire Equity Office Properties’ San Francisco Peninsula and Silicon Valley portfolio (the “EOP Northern California Portfolio”) from Blackstone Real Estate Partners V and VI (“Blackstone”) in a stock and cash transaction valued at $3.5 billion, solidifying Hudson’s position as the leading West Coast office REIT. Upon closing of the transaction, Hudson is expected to have an equity market capitalization of $3.7 billion and total enterprise value of approximately $6.5 billion.

London, 8th December, 2014 – The Park Hill Group, a division of Blackstone (NYSE:BX), today announced that Sandro Galfetti has joined its secondary advisory business as a Principal based in London. This business delivers liquidity, structuring and capital solutions to private equity investors and managers globally.

London, December 2, 2014 – Blackstone Real Estate Partners Europe IV (“Blackstone”) announces that it has acquired a further five retail assets in Portugal for its European retail platform, Multi Corporation. Multi is one of Europe’s leading shopping centre owners and managers and already owns and manages Forum Sintra in the Lisbon region.

December 2, 2014 – Blackstone Real Estate Partners Europe IV (“Blackstone”) announces its first logistics investment in Portugal for its European logistics platform, Logicor, through the acquisition of a portfolio of five high-quality logistics assets from funds managed by Novo Banco Group (previously Banco Espírito Santo) through ESAF - Espírito Santo Fundos de Investimento Imobiliário, S.A.

New York, New York, December 1, 2014 – Blackstone (NYSE:BX) today announced that funds affiliated with Blackstone Real Estate Partners VI & VII have agreed to sell their wholly-owned U.S. industrial platform, IndCor Properties (“IndCor”), to affiliates of GIC, Singapore’s sovereign wealth fund, for $8.1 billion. As a result of this transaction, IndCor will no longer be pursuing an IPO. IndCor owns and operates a portfolio of 117 million square feet of high-quality industrial properties in key markets throughout the United States. IndCor’s assets are principally located in desirable in-fill industrial markets, which benefit from proximity to key domestic and global transportation hubs, major logistics and warehouse/distribution networks, as well as large population concentrations.

Amsterdam, 1 December 2014 – CBRE Global Investors announces the completion of the sale of 14 retail assets in the Netherlands on behalf of the CBRE Dutch Retail Funds to Blackstone Real Estate Partners Europe IV (“Blackstone”). The assets will be added to Blackstone’s European retail platform, Multi Corporation. Multi is one of Europe’s leading owners, (re)developers and managers of prime shopping centres.

New York, New York, November 25, 2014. Blackstone (NYSE:BX) announced today that Stephen A. Schwarzman, Chairman, CEO, and Co-Founder of Blackstone, will present at the Goldman Sachs US Financial Services Conference 2014 in New York, New York on Wednesday, December 10, 2014 at 11:30 am EST.

Tokyo, Japan, November 21, 2014 – Blackstone (NYSE:BX) today announced that funds affiliated with Blackstone Real Estate Partners Asia will make an investment in connection with an agreement to acquire GE Japan Corporation’s 100% owned residential real estate business for over ¥190 billion. The business owns and operates more than 200 residential properties, consisting of over 10,000 units primarily in Tokyo, Osaka, Nagoya and Fukuoka.

New York, New York, November 19, 2014 – Orica Limited (Orica, ASX:ORI) today announced that it has entered into an agreement to sell its Chemicals business to funds advised by Blackstone for A$750 million.

New York, New York, November 17, 2014 – B2R Finance, the leading provider of residential buy-to-rent mortgages for single-family rental (“SFR”) property investors, today announced that it has named Jason Hogg as Chief Executive Officer (CEO). Mr. Hogg brings substantial finance and technology experience to B2R, gleaned from nearly 20 years in entrepreneurial and leadership roles. In this newly created position, he will provide strategic direction to support B2R’s expansion, building out a platform of products and services that meet the demands of residential investors.

New York, New York, November 12, 2014 – Blackstone Alternative Asset Management (“BAAM”), Blackstone’s hedge fund solutions business, and NWI Management, LP (“NWI”), a global macro hedge fund, launched Blackstone NWI Asset Management L.L.C. (“BNAM”), a new asset manager jointly owned by the two firms. BNAM will offer a platform of investment solutions for investors seeking to access fixed income emerging markets exposures.

Bremerhaven – 10 November 2014. WindMW GmbH today celebrated the inauguration of Meerwind Süd|Ost, a 288 megawatt offshore wind farm, which is one of the largest such projects in North Sea history.

London, 3 November 2014 - Private equity funds managed by Blackstone (“Blackstone”) and PAI Partners (“PAI”) announce the sale of United Biscuits (“UB” or “the Company”), a leading international manufacturer of biscuits, to Yildiz Holding ("Yildiz").

New York, October 31, 2014 – Each of Blackstone Alternative Alpha Fund and Blackstone Alternative Alpha Fund II (collectively, the “Funds”) announced today that it expects to pay a year-end distribution to its shareholders of record on December 31, 2014. The Funds estimate that the distribution will be in the range of $4.00 to $8.00 per share.

New York, New York, October 29, 2014 – Yesterday, the Blackstone Charitable Foundation was proud to host its first annual Blackstone LaunchPad Demo Day. At the event, twenty venture teams from Blackstone LaunchPad programs at colleges and universities around the country competed in a day-long pitch event for prizes to further develop their businesses. Blackstone LaunchPad is a co-curricular, experiential, campus program designed to introduce entrepreneurship as a viable career path and develop entrepreneurial skills and mindsets through individualized coaching, idea and venture creation support.

TOKYO – October 29, 2014 – Blackstone and Hilton Worldwide in Japan have partnered with Playground of Hope, a Japan-based charity, to build play facilities and renovate the outdoor play area at the Kodomo-no-ie orphanage in Kiyose, Tokyo.