Blackstone boosts property sector bets with $7.6 billion deal for PS Business Parks

(Reuters) -Blackstone Inc on Monday raised its bets on the property sector with a $7.6 billion deal to buy real estate investment trust (REIT) PS Business Parks.

Source: www.reuters.com

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(Reuters) - Blackstone Inc, the world’s biggest alternative asset manager, has agreed to buy real estate investment trust PS Business Parks in a deal valued at $7.6 billion.

Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur

25-04-2022

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