Blackstone adds European property in US$4.7bil deal


The New York-based private equity firm agreed to pay C$16.79 a share in cash for Dream Global Real Estate Investment Trust, according to a statement from the companies on Sunday

TORONTO: Blackstone Group Inc added new properties in Germany and The Netherlands with the purchase of a Canadian real estate trust, in deal valued at C$6.2bil (US$4.7bil) including debt.

The New York-based private equity firm agreed to pay C$16.79 a share in cash for Dream Global Real Estate Investment Trust, according to a statement from the companies on Sunday.

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Blackstone , Canadian , real estate , property , Dream Global ,

   

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