Blackstone in talks to buy stake in loyalty programme of India's Jet Airways
LONDON: Blackstone Group LP is departing from its usual “buy it, fix it, sell it” strategy to make a long-term bet on British commercial real estate.
The private-equity group that’s best known for refurbishing unloved properties and selling them on at a huge profit is pivoting toward a buy-and-hold approach with its politically sensitive purchase of many of the UK’s converted railway arches.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
