16 Mar '17, 10am

Blackstone plans to sell office and retail assets it bought last year for $214 million

Blackstone Group LP plans to sell one of the office and retail assets it acquired last year from Malaysian palm-oil producer Sime Darby Bhd., according to people familiar with the matter. The New York-based private equity firm expects to fetch about S$300 million ($214 million) for the Sime Darby Centre in the Bukit Timah area, which it bought for just under S$200 million, said one of the people, who asked not to be identified because the information isn’t public. CBRE Group Inc. is advising Blackstone on the sale, the people said, without identifying any of the prospective buyers. Blackstone in May acquired a majority stake in three Singapore property assets, including the Sime Darby Centre, in a deal that valued them at about S$300 million. Located in an aging commercial block on Dunearn Road, a residential artery lined with upmarket condominiums, the Sime Darby Centre i...

Full article: https://www.bloomberg.com/news/articles/2017-03-16/blacks...

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Blackstone Said to Put Sime Darby Singapore Pro...

bloomberg.com 16 Mar '17, 4am

Blackstone Group LP plans to sell one of the office and retail assets it acquired last year from Malaysian palm-oil produc...

Blackstone said to put Sime Darby Singapore property on sale. #realestate

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afr.com 16 Mar '17, 6am

Blackstone Group LP plans to sell one of the office and retail assets it acquired last year from Malaysian palm-oil produc...

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