Andrew Wooler, Burstone’s chief executive, highlighted the benefits of the deal, saying, “This partnership deepens our already strong relationship with Blackstone’s operational and management team, who know our European team well from previous successful collaborations.”
The transaction, which is still subject to regulatory and investor approval, is expected to yield approximately €250 million for Burstone. The company plans to use the proceeds to reduce its debt, strengthen its balance sheet, and invest in growth opportunities, particularly within its Australian and German platforms.
Blackstone €1B Property Deal : Blackstone’s Expanding Global Real Estate Portfolio
Blackstone, recognized as the largest owner of commercial real estate worldwide, manages $336 billion in investor capital across various sectors, including logistics, residential, office, and hospitality. This latest acquisition reinforces Blackstone’s position as a dominant player in the global real estate market.
Burstone, which also has operations in Australia, sees this deal as a means to enhance access to capital, improve operational efficiencies, and facilitate market expansion by leveraging key relationships.
