Blackstone Acquires Retirement Village Portfolio in New Zealand
Blackstone (NYSE:BX) today announced that funds it manages on behalf of its investors have entered into a definitive agreement
to acquire a retirement village portfolio in New Zealand from Lendlease, a leading, fully integrated, international property and
infrastructure group. The portfolio comprises five fully completed villages, four in Auckland (the Knightsbridge, Mayfair, Parklane
and Peninsula Club) and one in Mt Maunganui (Ocean Shores). Financial terms of the transaction were not disclosed. The transaction
is expected to close in the next several months pending relevant regulatory approvals.
About Lendlease:
Lendlease is a leading international property and infrastructure group. Listed on the Australian Securities Exchange and with
circa 13,700 employees worldwide, Lendlease’s capabilities span the property value chain.
In Australia it offers development management; investment management; project management & construction and asset &
property management. Its expertise covers multiple sectors including commercial, residential, retail, retirement and
infrastructure.
About Blackstone Tactical Opportunities:
Blackstone’s Tactical Opportunities business employs an opportunistic investment strategy across asset classes, industries and
geographies. The strategy seeks to capitalize on time-sensitive or non-traditional investment opportunities that are differentiated
and difficult to source, analyze or execute.
Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for
our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and
flexible capital to help companies solve problems. Our asset management businesses, with over $330 billion in assets under
management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade
credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
Press:
Network Communication
Sandy Trigg, +64 (0) 9 306 5811
or +64 (0) 21 231 9406
Sandy.Trigg@networkcommunication.co.nz
or
P&L Corporate Communications
Ian Pemberton, +61 (2) 9231 5411
Ian.Pemberton@plcorporate.com.au
or
Public Affairs
Blackstone, New York
+1 212 583 5263
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