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Blackstone Buying All The European Office Space Because Brexit

Those leaving London have to go somewhere, and wherever it is, Blackstone will own it.
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By Thomas Wolf (Der Wolf im Wald) (Own work) [CC BY-SA 3.0], via Wikimedia Commons

By Thomas Wolf (Der Wolf im Wald) (Own work) [CC BY-SA 3.0], via Wikimedia Commons

The private-equity giant’s getting ready to drop up to €24 billion on new homes for all of Theresa May’s homeless Brexitrefugees.

The firm has kept buying through Brexit, the Greek debt crisis and worries about the possible collapse of the euro, partly because prices fell below what it cost to replace the properties….

Blackstone executives said they still see bargains stemming from distressed financial institutions in southern Europe. The firm also is looking to buy property in new technology centers in cities such as Berlin, Stockholm, Amsterdam and Dublin.

Blackstone Group Raises €7.8 Billion for European Property Fund [WSJ]

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