This agreement includes the creation of a new investment vehicle, 100%-owned by Invel, that will acquire and develop new assets in Italy, Spain, Greece and Portugal.

LSREF VII will target opportunistic and value-add commercial real estate investments.

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

In partnership with The Raise Projects

REITs bullish investor argues that their rock-bottom valuations may not be justified and could lead to enormous upside in the future

The transaction is expected to be completed by the end of the year.

Phāea Resorts will offer sales, marketing and revenue management services to the company.