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Non-Tech : Blackstone Group

BX 155.41

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Dec 26 9:30 AM EST

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From: JakeStraw	9/16/2014 10:58:42 AM
	of 39

U.S. buyout firm Blackstone is acquiring two office towers in Frankfurt, Germany, for a combined 350 million euros ($453 million) to bolster its real estate business, sources familiar with the matter said on Tuesday Blackstone has clinched a deal with GLL Real Estate Partners to buy the MesseTurm office tower, Frankfurt's second-tallest building, two sources told Reuters. The price tag was 250 million euros, one of them added. Earlier on Tuesday, German real estate group IVG Immobilien said it had agreed to sell another Frankfurt high-rise called Pollux to Blackstone, which people familiar with the matter said was a deal worth more than 100 million euros. finance.yahoo.com

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