Blackstone – Acquisition of mixed-use complex in Vancouver

The New York-based real estate investment firm, Blackstone Group, and its joint venture partner, the Los Angeles-based real estate firm, Hudson Pacific Properties, is close to acquiring an office and retail complex in Vancouver, for an undisclosed amount. The Bentall Centre office and retail complex offers 442,000 m², including four Class A office towers (429,000 m²) and 13,000 m² of prime retail space. The office space is currently 97% leased by top quality tenants including Bank of Montreal & Deloitte.