• Feb 11, 2003

    Blackstone Buys Ten Properties from Skanska for SEK 2.0 Billion

    Skanska sells 10 properties for SEK 2.0 billion, capital gain SEK 490 M February 11, 2003 – Skanska is selling ten properties in the Stockholm and Öresund region. The sales price is SEK 2,060 M with a capital gain of SEK 490 M. The buyer is the American investor The Blackstone Group.
  • Jan 31, 2003

    Imperial Parking's Special Committee Retains Blackstone Group as Financial Advisor

    VANCOUVER, British Columbia – (BUSINESS WIRE) – Jan. 31, 2003 – Imperial Parking Corporation (AMEX:IPK - News) announced that the Special Committee of its Board of Directors has engaged The Blackstone Group L.P., a leading global investment and advisory firm, as its independent financial advisor. As previously announced, the Special Committee was formed for the purpose of exploring strategic alternatives available to the Company in the context of the decision by Gotham Partners to sell its ownership interest in the Company.
  • Jan 16, 2003

    Urban Retail Properties Co. Adds 3 More Market-Leading Shopping Centers to Roster of Managed Properties

    The Blackstone Group Awards Chicago-based Urban the Management Contracts for Retail Centers in Cincinnati, Edina, Minn., and Minot, N.D./ Chicago, January 16, 2003 – Urban Retail Properties Co. today announced that Blackstone Real Estate Advisors (“Blackstone”), an affiliate of The Blackstone Group, has awarded Urban Retail the contracts to manage three regional shopping centers in Ohio, Minnesota and North Dakota.
  • Jan 10, 2003

    Helical and Morley Secure Pre-Let at 40 Berkeley Square

    Morley Fund Management (“Morley”) and Helical Bar plc (“Helical Bar”) today announced the pre-letting of part of their development at 40 Berkeley Square, London W1 to The Blackstone Group, a leading international investment and advisory firm. The development, a joint venture between Morley and Helical Bar, is currently under construction and is due to be completed in March 2004. Formerly the site of the J Walter Thompson building, the new offices overlook the West End’s premier square and will be of top quality specification, including a new contemporary Portland stone façade. Designed by Hamilton Associates, the building will offer a total of 75,000 sq ft of office space over nine floors, with eight car parking spaces available to tenants. The Blackstone Group will take occupation of the top three floors totaling approximately 20,000 sq ft.
  • Jan 03, 2003

    American Axle & Manufacturing Files Shelf Registration Statement

    Detroit, Michigan, January 3, 2003 – American Axle & Manufacturing Holdings, Inc. (AAM), which is traded as AXL on the NYSE, announced that today it filed a shelf registration statement with the Securities and Exchange Commission (SEC) with respect to possible secondary sales of up to approximately 14.0 million shares of common stock. All of the 14.0 million shares are owned by Blackstone Capital Partners II Merchant Banking Fund L.P. and its affiliated funds (collectively, “Blackstone”). Blackstone sponsored AAM’s 1997 re-capitalization with an initial 82% ownership position. After an initial public offering in January 1999, and secondary offerings in August 2001 and March 2002, Blackstone’s current beneficial ownership position of AAM is 26%.