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).

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