Blackstone in agreement to acquire Australia's Investa for $2.3b

Blackstone in agreement to acquire Australia's Investa for $2.3b

Blackstone Group LP headquarters stands in New York, U.S., on Friday, April 14, 2017. Photograph: Victor J. Blue/Bloomberg

Australia’s Investa Office Fund (IOF) and Blackstone Group on Wednesday entered into a scheme implementation agreement through which the U.S. private equity giant would acquire the real estate investment trust for A$3.08 billion ($2.3 billion).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter