Blackstone Sells €1 Billion European Office Portfolio
12.15.05
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The firm has represented The Blackstone Group in connection with the sale of 35 office buildings primarily occupied by Deutsche Bank in Austria, Belgium, Germany, Italy, Luxembourg, the Netherlands, Portugal, Spain and Switzerland. The sales which have occurred in a series of transactions over the last eighteen months have had an aggregate value of over €1 billion. The firm also represented Blackstone in its acquisition of this portfolio from Deutsche Bank in December of 2003. Greg Ressa, Farhad Karim, and Alex Benjamin worked on these transactions.