US private equity giant Blackstone made the latest acquisition of China real estate assets by a global finance firm this week when it agreed to buy a 40 percent stake in mall developer SZITIC Commercial Property Co, which is now… Read More>>
Blackstone’s Schwarzman Sets up US$300 Million China Scholarship Fund
Blackstone chief Stephen A. Schwarzman whose private-equity firm has been investing aggressively in China, announced last week that he is setting up a US$300 million scholarship program for study in China.
The program, which is backed by Mr Schwarzman personally,… Read More>>
Blackstone to Buy 50,000 Sqm Commercial Building in Shanghai
US private equity firm Blackstone has reportedly agreed to buy the 50,000 sqm Huamin Imperial building in Shanghai’s Jing An District, according to a source familiar with the transaction.
On Friday, Blackstone CEO Stephen Schwarzman, had told reporters that the firm… Read More>>