Blackstone invested or committed $4.1bn (£3.4bn) in real estate in the third quarter, according to its latest results.
The investment giant grew its property portfolio by 9% in the past year to $101.9bn worldwide, representing 28% of its total AUM. Third quarter growth was helped by Blackstone’s purchase of the Blanchardstown shopping centre in Ireland for $945m (£844m) – the most expensive single property deal ever in the country.
From September: Blanchardstown beats previous deals in Ireland
From June: Blackstone fund closes with 4.3bn
Blackstone has a further $33.2bn in undrawn capital, driven partly by its latest European opportunistic real estate fund, which raised €5.5bn in its first close.
Total income from real estate soared from $10.5m to $365.5m as revenues more than tripled to $630m.
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