PropertyEU

Valad's shareholders back Blackstone takeover

By A staff reporter 2011-08-02T00:00:00

Valad Property Group's shareholders have approved its takeover by two affiliates of Blackstone Real Estate Advisors in a deal that values Valad at roughly A$800 mln (EUR 150 mln). Some 95% of Valad shareholders backed the takeover bid at a shareholders meeting on Monday.

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