Blackstone is primarily invested in real estate in Germany and now wants to buy more companies. According to financial sources, Blackstone is also interested in Lufthansa Technik
(Photo: dpa)
Frankfurt, Dusseldorf The financial investor Blackstone, which is primarily active in the real estate sector in Germany, wants to expand its involvement in Germany. The Americans are opening a new office with a 20-strong team in Frankfurt, as Jon Gray, Chief Operating Officer (COO) at Blackstone, said in an interview with the Handelsblatt.
The employees in the new office should also take care of the classic private equity business: i.e. the purchase of companies, credit investments and maintaining contact with the company’s own investors, i.e. pension funds and insurance companies as well as wealthy individuals. Blackstone currently has equity investments of around seven billion euros in Germany, plus 5.6 billion euros in financing.
At the same time, real estate investments should remain in focus. Blackstone is primarily focusing on logistics real estate. “The fundamentals here are very good, especially around the big cities,” Gray said. Demand is growing amid the trend towards e-commerce and companies’ increasing need for local warehousing, fueled by supply chain issues.
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