Blackstone buys New Zealand retirement villages

The US group acquired the properties from Lendlease.

Blackstone buys New Zealand retirement villages

Blackstone said on Wednesday that it plans to buy a retirement village portfolio in New Zealand from Australian property developer Lendlease.

The world’s biggest real estate investor said it has signed a definitive agreement to acquire the portfolio of five villages.

Four of the villages are in Auckland -- the Knightsbridge, Mayfair, Parklane, and Peninsula Club. Another is in Mt Maunganui and called Ocean Shores village.

The five villages...

To continue reading, please login or register for free

Click for more on: private equity | blackstone | property | new zealand

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...