Blackstone Prepares New Asia Real Estate fund of at Least $5 Billion
Blackstone is preparing a Asia focused real estate fund which targets to raise $5 billion or more. The world’s largest alternative asset manager will launch the fund in the next 12 -16 months. It has already invested more than 70% of the $5.08 billion it raised in its first Asia focused property fund.
“Blackstone is preparing a Asia focused real estate fund which targets to raise $5 billion or more. “
According to Blackstone’s most recent earnings report, the first Blackstone fund invested in Japanese residential real estate, office space in Australia and Chinese shopping malls has posted an internal rate of return of 17% through September 2016. It intends to increase investments in assets such as warehouses & shopping malls in China, India, Southeast Asia and Australia.
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