Serenitas co-founder GIC exited its stake in the land lease community operator to Mirvac and PEP last year for A$1.01bn.
The New York-based manager bought an 80% stake in South Africa-listed Burstone’s Pan-European Logistics platform on behalf of its BREP X and BREP Europe VII funds.
The debt secured on the 36-storey office building is due to be repaid in January 2025.
The building's owners have completed $250m in upgrades since 2020, but a lawsuit claims the renovations are too little, too late.
Blackstone will make its investment in the data center business from four separate strategies – real estate, infrastructure, tactical opportunities and private equity.
The £35m deal was also the Singaporean manager’s first since its inception a year ago.
Third logistics deal for investor-manager partnership comes on the back of strong interest in South Korea from Middle Eastern investors.
The transaction for the Hyatt Regency Orlando, the largest for a US hospitality asset so far this year, is a result of a disposition strategy set in 2021.
The firm’s acquisition of Quintain Developments Ireland from Lone Star for €200m follows its takeover of Intervest in May.
The central bank says valuations should reflect the current market downturn and lack of transaction activity.