'London is the number one city for attracting overseas investors and is where we’ve been fairly active', Ken Caplan, Senior Managing Director in charge of European real estate, said in an interview. 'A big focus of ours has been to target high-quality properties that have some type of fixable problem, that once fixed are perfect for institutional investors'.
The world’s biggest buyout firm is seeking as much as $1.28bn pounds for Chiswick Park, a west London office development it bought in April 2011 for $770m. In June, the company sold three central London student dormitories to a fund managed by Round Hill Capital LLC for about $665m. The firm more than doubled its money on the deal, according to a person with knowledge of the matter who asked not to be identified because the information is private. Caplan declined to comment on the sales.
Hit the link below to access the complete Bloomberg article:
Blackstone Sees Payoff From London Projects Banks Shunned
Kensington House Prices Rise to $3.5 Million in London ‘Bubble’
The Alchemists: Three Central Bankers and a World on Fire
Hubris: How HBOS Wrecked the Best Bank in Britain
