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Blackstone Group – Acquisition of mixed-use complex in China

The New York-based private equity real estate firm, Blackstone Group, has acquired a mixed-use complex in Shanghai, China, from Hong Kong-based real estate firm Mapletree Investments for €1.1 billion. The complex comprises five office buildings and a shopping center, known as Mapletree Business City Shanghai and VivoCity Shanghai, respectively, with a total area of 269,419 m² in the southwestern Minhan district.