Transactions - JANUARY 28, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Blackstone sells Sydney property and European Valad

by Andrea Waitrovich

Blackstone Real Estate Partners VI, through its portfolio company Valad, has entered into a binding agreement to sell Gold Fields House located at Circular Quay in Sydney’s central business district, to Dalian Wanda Group for approximately A$415 million ($327 million).

Valad was acquired by The Blackstone Group in a public-to-private transaction in 2011 and was Blackstone's first major real estate investment in Australia. Gold Fields House was among the assets acquired as part of the Valad portfolio and has been successfully repositioned and planning approvals have been obtained to redevelop the 1960s office building into one of Sydney’s premium residential developments, taking advantage of the site’s prime

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy