ASIA NEWS: A double

The Blackstone Group was an active trader Down Under last month. The firm sold Gold Fields House in Sydney to the Chinese property giant, Dalian Wanda Group, for A$415 million (€284.85 million; $322.74 million), representing the highest price ever paid per square meter for an office in the city. The purchase price was understood to reflect a cap rate of 4 percent and a price per meter of A$18,000. 

In the same month, Blackstone also made its maiden core-plus investment in Asia, with the acquisition of a quarter stake in ANZ’s (Australia and New Zealand Banking Group) headquarters in Sydney.