Blackstone set to buy second distressed Oz property firm
Debt-burdened Australian real estate firm Valad Property Group is reportedly in talks with Blackstone for a possible buyout, according to The Australian, in a deal that could be worth A$220 million.
Publicly listed Valad, which invests in properties worldwide and claims A$8 billion under management, reportedly revealed that it is "in discussions with a third party ... regarding the whole of the Valad...
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