“Blackstone head Steve Schwarzman plans to spend billions buying up dorms, warehouses, and data centers across Europe…”
November 28, 2023
“…The private-equity firm with roughly $1 trillion in assets under management plans to invest in real estate across Europe, Schwarzman told Bloomberg on Monday after the Global Investment Summit in London. Blackstone has raised about $200 billion in recent months, according to Schwarzman, who called that war chest one of the biggest piles of unspent cash in the world. As of October, about $66 billion of those funds will be targeted for the real estate sector, according to Blackstone’s third quarter earnings release, and Blackstone will be particularly focused on the European real estate market, Schwarzman said…
Conditions for investing in European real estate have become favorable because interest rates in some countries have gone up after being very low, even negative, according to Schwarzman. Now that rates are hovering around 6%, some property owners are looking to shed their assets, making them ripe for the picking for seasoned real estate investors like Schwarzman…”
https://finance.yahoo.com/news/blackstone-head-steve-schwarzman-plans-110000005.html
See the bold the truth will eventually come out. Corrupt Banks use increasing interest rates to bankrupt as many people as possible and businesses like Blackstone buy them out in foreclosure / bankruptcy.
On a different note since Blackstone is about to make a move is it safe to assume the peak of the recession is near? I highly doubt they’d make big moves only to lose money.