Friday 19 January 2018

Blackstone eyes up more deals


ONE of the biggest buyers of commercial property in Ireland is to raise billions more dollars to buy property in Europe.

Blackstone, which counts the former Burlington Hotel and Eircom among its investments in Ireland, said it had "gone through" its most recent European real estate fund of $7bn (€6.5bn) already and is planning a new round of fundraising. The firm raised $5.5bn for last year but topped it up by another $1.5bn in October.

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