In April and August 2011 BREP acquired Valad, an Australian company, in a public-to private transaction. Valad’s holdings primarily consist of owned real estate in Australia and New Zealand, and a real estate fund management business that manages Australian and European assets.
In 2011 BREP acquired the Mint hotel portfolio, consisting of eight recently constructed hotels located in the UK and Amsterdam, comprising 2,783 keys. The three largest hotels are located in London (two hotels) and Amsterdam. Since acquisition we have branded the hotels as DoubleTrees and Hilton Garden Inns.
Blackstone acquired the U.S. holdings of Centro Property Group in June 2011, and subsequently renamed the Company as Brixmor. The Brixmor portfolio consists of 585 neighborhood shopping centers (90.6 million square feet), located in 39 states. Blackstone plans to invest significant redevelopment and tenant improvement contributions to attract high quality credit tenants to the centers, and improve the overall occupancy of the portfolio.
In late 2010 Blackstone acquired the Columbia Sussex hotel portfolio. The portfolio consists of 14 full-service urban hotels (5,858 rooms) located across the United States.
During the second half of 2010 Blackstone acquired a 45 million square foot industrial portfolio through three transactions. The portfolio is comprised of 274 warehouse and bulk distribution assets located across 31 states, with concentrations in major East Coast and West Coast distribution markets.
Blackstone acquired the Sunwest Management portfolio in August 2010. The transaction was completed through a joint venture with Emeritus Corporation, a national owner and operator of senior living facilities. Sunwest’s portfolio consists of 144 senior living facilities (11,612 units) located across 31 states.
In November 2009 Blackstone acquired a 50% joint venture interest in the Broadgate Estate, a portfolio of 16 Class A office buildings (4.4 million square feet) located in London. In 2010 the joint venture completed negotiations with an international financial institution to lease 700,000 square feet in a new headquarters building that would be developed by the joint venture. The new building is expected to be completed in late 2014.
BREP acquired a minority stake in Synergy in 2008. Synergy is a leading project and construction management company in India with a blue chip client base. It has delivered over 35 million square feet of real estate, including some of the largest office campuses, hotels, shopping centers and hospitals in India. Synergy specializes in architectural design and fitouts, complete project management, and turnkey contracts.
Blackstone acquired Hilton in a public-to-private transaction in October 2007. Hilton is a leading global lodging company with nearly 3,500 hotels totaling over 575,000 rooms in 79 countries. Its family of brands includes ten industry-leading brands: Hilton, Waldorf Astoria, Doubletree, Embassy Suites, Hilton Garden Inn, Hampton Inn, Conrad, Homewood Suites, Home2, and Hilton Grand Vacations.
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