{"id":1004171236,"date":"2017-04-04T01:27:27","date_gmt":"2017-04-04T09:27:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004171236"},"modified":"2022-12-09T00:55:44","modified_gmt":"2022-12-09T08:55:44","slug":"blackstone-buys-german-property-group","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-buys-german-property-group\/","title":{"rendered":"Blackstone Buys German Property Group"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<p>Blackstone completed the acquisition of OfficeFirst Immobilien AG, a German real estate investor and manager. OfficeFirst owns a 100-asset portfolio in Germany&#8217;s top six cities of Frankfurt, Munich, Hamburg, Stuttgart,\u00a0Dusseldorf and Berlin, totaling around 16 million square feet.<\/p>\n<div id=\"attachment_1004171323\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Anthony-Myers-head-of-real-estate-Europe-Blackstone.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004171323\" data-attachment-id=\"1004171323\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/blackstone-buys-german-property-group\/anthony-myers-head-of-real-estate-europe-blackstone\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Anthony-Myers-head-of-real-estate-Europe-Blackstone.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1420641189&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Anthony Myers, head of real estate Europe, Blackstone\" data-image-description=\"&lt;p&gt;Anthony Myers, head of real estate Europe, Blackstone&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Anthony Myers, head of real estate Europe, Blackstone&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Anthony-Myers-head-of-real-estate-Europe-Blackstone.jpg?w=800\" class=\"wp-image-1004171323 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Anthony-Myers-head-of-real-estate-Europe-Blackstone.jpg\" alt=\"Anthony Myers, head of real estate Europe, Blackstone\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Anthony-Myers-head-of-real-estate-Europe-Blackstone.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Anthony-Myers-head-of-real-estate-Europe-Blackstone.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/04\/Anthony-Myers-head-of-real-estate-Europe-Blackstone.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004171323\" class=\"wp-caption-text\">Anthony Myers, head of real estate Europe, Blackstone<\/p><\/div>\n<p>In addition to the acquisition, OfficeFirst appointed Guido Pinol and Jonas Kriebel to the management board, with Pinol becoming the new CEO.\u00a0Michiel Jaski, Oliver Priggemeyer and Fabian John, respectively the current CEO, COO and CFO, decided to leave the company.<\/p>\n<p><em>\u201dBlackstone will work with OfficeFirst to support the company\u2019s continued growth and focus on value maximizing strategies across the portfolio,&#8221; <\/em>said Blackstone&#8217;s Head of Real Estate Europe Anthony Myers, in prepared remarks<em>. &#8220;We will continue to deploy capital in Germany\u2019s most dynamic gateway cities across the commercial and residential real estate sectors, making use of the breadth of skills and expertise at OfficeFirst.\u201d<\/em><\/p>\n<p><em>Image courtesy of Blackstone<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company acquired OfficeFirst Immobilien AG, a real estate investor and manager with a portfolio of 100 assets totaling 16 million square feet.<\/p>\n","protected":false},"author":746,"featured_media":1004171323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,16,21742],"tags":[34754,32892],"class_list":["post-1004171236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-international","category-latest","tag-anthony-myers","tag-blackstone"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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