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Blackstone buys real estate group Soho

With the takeover of the Beijing real estate group Soho China, the US private equity company Blackstone has made its largest real estate deal in China to date. The takeover cost a good $3 billion. This is already the third billion-dollar deal with China in just a few months. Other large financial companies are also expanding in China.

By
Frank Sieren
Image of Frank Sieren

New York-based asset manager Blackstone has announced plans to acquire Chinese property developer Soho China for around just over $3 billion. Blackstone, which was founded in 1995, is one of the largest real estate owners in the world and has around $196 billion of investor capital under management. Including assets, it is even $649 billion.

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