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 [...]