Blackstone Seeks €500 Million Financing, Testing Office Recovery
The private equity firm has appointed broker CBRE Group Inc. to source about €500 million ($583 million) of debt that will be secured against the Trocadero office complex in central Paris, people familiar with the process said. Blackstone has agreed to pay German fund manager Union Investment about €705 million for the property, the people said, asking not to be identified as the process is private. Business Immo first reported the potential acquisition.
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