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Sovereign Wealth Funds Briefing - Categorized | Financials

Blackstone said to sell Broadgate interest for $2.7 bln

Posted on 20 August 2013

Blackstone Group LP, the biggest manager of private-equity real estate funds, agreed to sell its 50 percent stake in London’s Broadgate office complex for more than 1.7 billion pounds ($2.66 billion), according to two people with knowledge of the deal.
A sovereign-wealth fund is under contract to acquire the interest, said the people, who asked not to be identified because the transaction is private. Norway’s government-wealth fund, which had been in talks to buy the stake, isn’t the purchaser, one of the people said, declining to identify the buyer………………………………………..Full Article: Source


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