Blackstone To Acquire Retirement Village Portfolio in New Zealand
02.17.16
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Simpson Thacher is representing Blackstone Tactical Opportunities in connection with the announced acquisition of a retirement village portfolio in New Zealand from Lendlease, a leading international property and infrastructure group. The portfolio comprises five fully completed villages, four in Auckland (the Knightsbridge, Mayfair, Parklane and Peninsula Club) and one in Mt. Maunganui (Ocean Shores). The transaction, which is expected to close in the next several months, is subject to relevant regulatory approvals. Terms of the transaction were not disclosed.
The Simpson Thacher team includes Anthony King, Jonathan Hwang and Bridget Huang (Real Estate); and Jackie Kahng (Banking and Credit).