Thursday, July 9, 2020
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Blackstone Wants to Repurchase 100% of Corona, its Office Socimi

At the end of last year, the fund sold its buildings in Madrid and Barcelona to the manager Tikehau Capital and the Singapore fund IREIT Global.

Blackstone’s offices in Manhattan.

As of 31 December 2019, Chameleon (REIT) Holdco, one of Blackstone’s holding companies, owned a direct stake (98.09%) in Corona’s share capital. Now, the shareholder had launched a takeover bid for its office Socimi, aimed at the other shareholders of the company who are interested in selling.

Likewise, on that date, the following investment funds held indirect stakes of more than 5% in the Company’s share capital: Blackstone Real Estate Partners Europe IV L.P., Blackstone Real Estate Partners VII.F L.P. and Blackstone Real Estate Partners VII L.P. with 74.28%, 8.96% and 5.43% stakes, respectively.

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