Blackstone has been in talks with banks for a A$5.5 billion loan to be raised at the holding company level.

The bank also made progress in reducing risk, with a non-performing exposure (NPE) ratio of 2.4 per cent, excluding NPEs covered by the APS agreement.

The Merger is expected to be completed in early September 2024.

The Company continues to execute its investment strategy, focusing on enhancing its portfolio with modern, high quality and environmentally sustainable properties.

SCIF was one of the first funds in the world to target this emerging asset class.

The deal aims to further expand its store network and e-commerce in Southeast Europe.

In the first half of 2024 the turnover of the Company reached Euro 4,438.3 million compared with Euro 4,063.7 million in the first half of 2023.

Binghatti Properties is planning around 12.000 homes across the city over the next two years.