Center Parcs: £4bn deal back in spotlight as frontrunners for British resorts firm bail July 5, 2023 The £4bn deal to buy British holiday resorts firm Center Parcs is back in the spotlight after two frontrunners for sale have reportedly dropped out of the race. Its Canadian owners, Brookfield, put the six strong holiday village up for sale in May, with the sale sparking interest from a flurry of private investment firms [...]
Blackstone backs London with new Mayfair base October 8, 2022 Blackstone will build its new European headquarters in London at its Mayfair base, in a fresh boost for the for the capital.
Exclusive: Blackstone founder Steve Schwarzman picks up Wiltshire country pad for cool £80m September 27, 2022 If you have ever driven through the countryside and imagined living in a 17th century estate, you’re not alone. Steve Schwarzman, the founder and chief executive of Blackstone, has bought Conholt Park, a country house with around 2500 acres of sprawling grounds and a series of cottages fashioned from the remains of an 18th century [...]
Bourne Leisure founders on cusp of £300m Butlin’s buy back August 14, 2022 The family behind one of the UK’s biggest leisure empires is on the cusp of taking back control of Butlin's in a £300m-plus mega deal.
Blackstone takes £4.7bn bet on troubled Australian gambling group February 14, 2022 Blackstone has taken a £4.7bn bet on troubled Australian gambling group Crown Resorts. The resort group has faced regulatory scrutiny after official investigated revealed it had knowingly dealt with criminal organisations and then misled authorities about it. The US private equity giant already owned 10 per cent of the company, but has now snapped up [...]
Landsec and Blackstone ink near £200m London property deal November 12, 2021 Land Securities Group has inked a nearly £200m deal with Blackstone to sell off its London property Harbour Exchange, a data centre which hosts offices. The £196.5m move forms part of Land Securities’ wider portfolio reshuffle plans – after the pandemic diluted the valuations of some retail and office spaces. “Through this disposal, we [...]
Blackstone’s earnings soar to record levels after lucrative asset sales October 21, 2021 The world’s largest alternative asset manager Blackstone has capitalised on the pandemic recovery capital markets frenzy and low interest rates to more than double its earnings in the third quarter to an all-time high. Distributable earnings shot up 112 per cent from this time last year to hit $1.6bn, or $1.28 per share, outsprinting the [...]