Blackstone A$1.1 billion acquisition of Astro Japan Property Trust

Overview:

• Blackstone has acquired Astro Japan Property Trust for A$1.1 billion.
• Astro is listed on the ASX and its main focus is the Japanese real estate market. The trust has a 29 property A$436 million portfolio of assets under management.
• Blackstone is completing the deal via its Singapore affiliate.
• Astro will be delisted from the Australian Securities Exchange as part of the deal.
• Blackstone is an American multinational private equity, asset management and financial services firm.

Katrin Kostadinova - Data analyst