Blackstone Inc. is in the processes of leasing more office space in Londons Berkeley Square after a hiring spree left the firm struggling to accommodate staff in its existing headquarters. Together with our London and Amsterdam offices, we make up 40 different nationalities and celebrate our focus on diversity and inclusion. China Investment Corp. had a preemption right to buy Building 7 but chose not to use it, Property Week noted. The team of solicitors, share Emmas tenacity and passion for getting clients the outcome they deserve. Blackstone (NYSE: BX), the world's largest alternative asset manager, announced that it has reached an agreement to establish a newly constructed, purpose-built European headquarters located in its long-term London home, Berkeley Square. Microsoft to Cut Engineering Jobs This Week as Layoffs Go Deeper, Apple Delays AR Glasses, Plans Cheaper Mixed-Reality Headset, Stocks Turn Lower as Growth in Focus; Dow Falls: Markets Wrap, Amazon Kicks Off Round of Job Cuts Affecting 18,000 People, Saudi Arabia Says Open to Settling Trade in Other Currencies. End result: our partners thrive. Located in the prestigious district of Mayfair, our team offers a range of legal services to clients based in and around the city. Nov 12 (Reuters) - UK's Land Securities Group Plc (LAND.L) said on Friday that it has agreed to sell Harbour Exchange, a London office property, to Blackstone Inc (BX.N) for 196.5 million. Private equity giant begins buying offices for European core-plus strategy, What: Blackstone has bought the Colmore Building in Birmingham, Why: Ashby Capital exiting for 182m after buying asset in 2015, What Next: US giant interested in further core-plus office opportunities in UK and Europe. Bloomberg: Balance of Power focuses on the politics and policiesbeing shaped by the agenda of President Biden's administration. Call our London team now on 020 7129 1160. In London, having repositioned Lacon London, the company sold the 215,000-squrare-foot office building, three years into its ownership. L4N2RU1BV. I think that they can justify it, but they just need to think about how and make sure its not just a knee-jerk reaction, she said. This is one of the challenges facing international companies as they bring workers back to their offices, with employees facing different requirements in different countries. Blackstone wants $330 million for the development. As a subscriber, you have 10 gift articles to give each month. U.S. private equity firm The Blackstone Group Inc. at Chiswick Park office campus in West London to the property's original developer Stanhope PLC for 312 million. If you would prefer to have a no-contact consultation, we are more than happy to have meetings by phone, Skype and Facetime. Blackstone Selling London Office Park to CIC for $1.28 Billion 2013/11/11 by Michael Cole Leave a Comment Chiswick Park in London China Investment Corporation (CIC) is set to buy a London office project from Blackstone for more than US$1.28 billion (GBP 800 million) according to a report in the Financial Times. Blackstone Inc. is in the processes of leasing more office space in London's Berkeley Square after a hiring spree left the firm struggling to accommodate staff in its existing headquarters. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. ALL RIGHTS RESERVED. 30 Crown Place, Revantage provides real estate services to one of the worlds largest investment firms. All Rights Reserved. Blackstone, which acquired Chiswick Park in 2011, sold most of the buildings at the site to China Investment Corp. in 2014. As CEO of Revantage Asia Pacific, Toby is directly responsible for delivering services, capability, unity and consistency to support Blackstones real estate portfolio companies. Aberdeen Standard owns Building 8, the only other property in the campus not owned by China Investment Corp. latest-news-headlines For all new enquiries call us on 0345 901 0445, email info@blackstonesolicitorsltd.co.uk or, if you prefer us to contact you, leave your details via our Free Online Enquiry Form for a no-obligation discussion at a time convenient for you. The Blackstone office in Berkeley Square in London. The River Building, long celebrated for its distinctive one-acre roof terrace, recently emerged from a seeping renovation program. In the United States, Blackstone asked vaccinated deal makers to return to the office three months ago. Revantage is Pieros fourth Blackstone portfolio company for which he has held an executive leadership position. /marketintelligence/en/news-insights/latest-news-headlines/blackstone-sells-london-office-building-to-stanhope-for-163-312m-57139655 Blackstone Chambers London Office. Data shows that vaccines prevent serious illness or hospitalization, and we believe that this is the best way, for now, to help protect our employees and their families.. The process took 3 weeks. An American law firm, Morrison & Foerster, reportedly said in August that its London staff needed to be vaccinated to return to the office in mid-September. Our dedicated and passionate team will take on your case, leaving no stone unturned to achieve the right result for you. Registered No. This includes championing innovation and supporting new services to ensure that Revantage remains focused on service excellence. ESG: Don't forget physical climate risk for real estate On the right path? Blackstone Inc. is an American alternative investment management company based in New York City.Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone Solicitors provides services for both business and personal matters. Piero is on the forefront of Revantages transformation and global expansion, an exciting journey to becoming a global business services powerhouse. London United Kingdom EC4A 2AE View in maps The private equity group said the acquisition is another example of Blackstones long-term conviction in the UK and in high-quality, sustainable office assets in key European cities., James Seppala, head of real estate Europe at Blackstone, said: We continue to see strong demand for high quality, sustainable office spaces that attract the best talent and employers. and a member of our team will be in touch. At the moment, the focus very much has been on encouragement rather than mandating that people are vaccinated. But companies have been asking if this is something they can, or should, do, she added. Germany's energy supply for this winter is secure, Chancellor Olaf Scholz said on Wednesday, adding that the ability of Europe's largest economy to swiftly wean itself off Russian gas has shown how flexible and speedy it can be. After buying the building, Peter Ferraris firm fully let the space following a refurbishment and rebranding program in 2016. 03631973. open in google maps. In Britain, vaccine uptake is high, with 78 percent of the population over the age of 12 vaccinated. Tom is a senior finance and operations executive with over 20 years experience; the last nine spent in the Real Estate industry. Prologis Taps Colliers to Lease 2.8 MSF Portfolio. The company is asking employees to voluntarily upload proof of vaccination to an internal system. Helical and Ashby Capital achieve first letting at The JJ Mack Building, Marugame Udon joins The Kensington Arcade. Before joining Revantage, Jeff worked as a manager at Grant Thornton and KPMG, specializing in services to commercial companies, private equity funds and real estate funds. All rights reserved. The 334,000-square-foot, 95%-leased property is part of the business park that was developed by Stanhope on behalf of The Chiswick Park Unit Trust. This agreement will see Blackstone occupy a 226,000 sq ft,10 floor building on Berkeley Square on the site cur rent ly occupied by Lansdowne Ho use. Blackstone has reached an agreement to establish a newly constructed, purpose-built European headquarters located in its long-term London home, Berkeley Square. The purchase is understood to reflect a net initial yield of around 5%, a level considered relatively attractive compared to other core markets the investor operates in. Theres absolutely no doubt.. 03631973. Current View: Global . Vaccinated employees will still need to have a negative Covid-19 test to go to the office, where more than 400 people work. https://www.nytimes.com/2021/10/13/business/blackstone-london-vaccine-mandate.html. I interviewed at The Blackstone Group (London, England). The West Midlands Growth Company (WMGC) recently leased office space in the property. U.S. private equity firm The Blackstone Group Inc. sold the Building 7 property at Chiswick Park office campus in West London to the property's original developer Stanhope PLC for 312 million, Property Week reported. 2023 proptech predictions | End of 'period of exuberance'? Diana co-leads Revantage Europe. London Office. Andy Street, the Mayor of the West Midlands, said: This is yet another vote of confidence in the West Midlands as we bounce back from the pandemic, and completes an investment hat trick for Blackstone with their existing investments in the NEC as well as St Modwens regeneration of the former Longbridge factory site.. The space will be used for some back office functions and will initially accommodate about 50 people with potentially more to follow, said the people, who asked not to be identified because the talks are ongoing. Market Intelligence How Is That a Good Thing? Tackle Any Great Outdoor Event with the Blackstone family of Griddles & Cookware. London. Managing Director, Co-Head Revantage Continental Europe, Luxembourg. "Having purchased the Colmore Building in 2015 when it was 40% vacant, this sale marks the successful completion of our asset strategy" - PETER FERRARI, ASHBY CAPITAL. Tom is a Chartered Accountant, completed the Royal Military Academy Sandhurst Commissioning Course and holds an honours degree from the University of Bristol. Starting Monday, only fully vaccinated employees will be allowed to work at Blackstones London office, according to a memo seen by The New York Times. Blackstone Opens London Office 05 July 2000 New York, July 5, 2000: The Blackstone Group, the New York based private investment bank, and one of the world's largest private equity investment firms, has announced that it is opening a London office in St James'. If you would like us to call you back, fill out our online enquiry form and a member of our team will be in touch. London Office 8-10 HILL STREET, LONDON, W1J 5NG Blackstone Solicitors provides a wide range of expert legal services from London, UK. Browse jobs and read about the The Blackstone Group London location with content posted anonymously by The Blackstone Group employees in London, United Kingdom. I interviewed at The Blackstone Group (London, England), Could you outline how to run an executive search process. Victoria Jones/Press Association, via Associated Press. The works included improving the reception and common parts and the addition of new facilities including a coffee house, gym, treatment rooms and cycling facilities including luxury changing rooms and a drying room. See careers for: First a phone call with their in house recruiter before having a video conference where I got to know the line manager. Along with day-to-day involvement in financial reporting and transaction matters, she acts as a director on a number of Blackstone Real Estates investment entities in Europe. Building 7 was the last office it owned in the area, the publication noted. Blackstone Moregate, FPW and Winsec are trading names of Blackstone Moregate Ltd, which is authorised and regulated by the Financial Conduct Authority. The Blackstone Group London (United Kingdom) isn't hiring right now. 2023 Commercial Property Executive. Across the globe, our team members are connected to and inspired by our purpose. 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