Blackstone Buys $1.2B RE Portfolio

Blackstone Real Estate Partners LP, London, has announced an agreement to acquire a portfolio of 51 office buildings in nine countries from Deutsche Bank AG for a total consideration of $1.2 billion (1.04 billion euros).The majority of the assets are located in Germany, and most are occupied by Deutsche Bank and will be leased back by the bank on a medium- to long-term basis, Blackstone said. The company can be found on the Web at http://www.blackstone.com.