Australia’s Mirvac buys 50% stake in Sydney property from Blackstone fund

Pedestrians are reflected on glass in front of Blackstone Group LP headquarters in New York, U.S., on Friday, April 14, 2017. Photographer: Victor J. Blue/Bloomberg

Mirvac Group, an Australian diversified landlord and property developer, said on Wednesday it will buy a 50 percent stake in a Sydney property from a Blackstone Group LP-managed fund.

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