Blackstone acquires 360 North; Integrates the company into long-term Danish residential platform
May 3, 2019 – 360 North and Blackstone today announced the acquisition of 360 North by Blackstone’s residential Real Estate platform.
The platform will continue to build on the 360 North team’s deep local knowledge and outstanding track record. By drawing on this record and Blackstone’s capital, ability to scale, and decades of experience as responsible and proactive owners, it will continue to deliver the highest quality service for residents, while investing in the community and creating jobs in Copenhagen. The platform intends to own its assets for decades, and is continuing to focus on investments such as renovating homes, addressing maintenance backlogs and improving sustainability, while bringing additional units to market which will contribute to addressing the housing shortage in Copenhagen.
James Seppala, head of European Real Estate at Blackstone, said: “This integration represents the natural evolution of our portfolio in Denmark. We are grateful to Nils Jansson and the 360 North team who established and have grown this best-in-class organization and will build on the operational excellence established by 360 North as we continue to put residents and communities at the heart of everything we do.”
About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has approximately $140 billion in investor capital under management. Blackstone’s real estate portfolio includes hotel, office, retail, industrial and residential properties in the US, Europe, Asia and Latin America. Blackstone real estate also operates one of the leading real estate finance platforms, including management of the publicly traded Blackstone Mortgage Trust.
Contact
Blackstone
Ramesh Chhabra
+44 (20) 7451-4053
[email protected]
360 North
Jean Ahlefeldt-Laurvig
+45 51888965
[email protected]