The deal for the Apac data centre firm, if completed, would be Blackstone’s largest investment in the region; Macquarie Asset Management and PSP Investments are among the sellers.
The $930 million facility has been arranged against the firm’s real estate portfolio, marking the largest loan of its kind to Australia’s logistics and industrial sector.
Investment for 70% stake in a Guangzhou logistics park, which houses tenants such as SF Express and Alibaba’s Tmall, expands Blackstone’s China presence to 23 cities.
Sitting on a half a trillion dollars of non-performing assets, India’s desire to lift growth should be enough to allow foreign investors to fully tap the country’s distressed debt market. However, there are two major impediments to change.
Blackstone Life Sciences head Nicholas Galakatos talks regulation and the drug R&D process, and explains how investors can avoid mistakes in the pharmaceutical gold rush.