02 03 2016

Blackstone To Acquire Retirement Village Portfolio in New Zealand

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.


Blackstone Tactical Opportunities Fund L.P. specializes in buyouts, financial institution breakups, re-insurance, and improving freight mobility. The fund seeks to invest in shipping, real estate, corporate or consumer loans, and alternative energy. The firm, led by Chad Rustan Pike, David Scott Blitzer, Jasvinder Khaira and Naveen Bhatia, is based in New York. 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 (Picture), Jonathan Hwang and Bridget Huang (Real Estate); and Chris Bell and Jackie Kahng (Banking and Credit). Involved fees earner: Anthony King - Simpson Thacher & Bartlett; Jonathan Hwang - Simpson Thacher & Bartlett; Christopher Bell - Simpson Thacher & Bartlett; Jackie Joohee Kahng - Simpson Thacher & Bartlett;

LATEST ISSUE
Powered by Share Trading

POPULAR ARTICLES
LE FONTI AWARDS - AWARDING WORLDWIDE CORPORATE EXCELLENCE IN INNOVATION

09/05/2018

LE FONTI AWARDS - AWARDING WORLDWIDE CORPORATE EXCELLENCE IN INNOVATION Read about le

LE FONTI AWARDS 2018 CELEBRATES CORPORATE EXCELLENCES IN HONG KONG

29/03/2018

On March 23rd 2018, the world’s leading corporate stars reunited for a special

LE FONTI AWARDS 2017 CELEBRATES CORPORATE EXCELLENCES IN DUBAI

14/12/2017

On December 14th, 2017, the world’s leading corporate stars reunited for a spec

LE FONTI AWARDS 2017 CELEBRATE CORPORATE EXCELLENCES IN LONDON

23/10/2017

On October 20th, 2017, the world’s leading corporate stars reunited for a speci

Le Fonti IAIR Awards Take Hong Kong By Storm

21/03/2017

Hong Kong has become a city of bright expansion, culture, and futuristic innovation. Fr