| From Snl.com: British Land Co. Plc is looking to team up with bulge bracket investors like sovereign wealth funds to co-invest in the larger real estate assets which banks or distressed sellers are expected to bring to the market.
In an interview, senior company executives said British Land wanted to share the risks associated with such chunky transactions and cited the precedent of its partnership with Blackstone, after the company sold half of its massive Broadgate office estate in the City of London to the U.S. private equity group............................................Full Article: Source |