Frankfurt, Dusseldorf Financial investor Blackstone, which is primarily active in the real estate sector in Germany, wants to expand its involvement in Germany. Americans is opening a new office with 20 teams in Frankfurt, John Gray, Chief Operating Officer (COO) of Blackstone, said in an interview with Handelsblatt.
The staff in the new office must also be interested in the classic private equity business: that is, buying companies, fiduciary investments, and maintaining contact with the company’s investors, that is, pension funds and insurance companies, as well as wealthy individuals. Blackstone currently has an equity investment of around €7 billion in Germany, as well as €5.6 billion in financing.
At the same time, real estate investments must remain in focus. Blackstone mainly focuses on logistics real estate. “The fundamentals here are pretty good, especially around big cities,” said Gray. Demand is growing amid the trend towards e-commerce and businesses’ growing need for local warehousing, fueled by supply chain issues.
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