Blackstone had owned Cannon Bridge House since 2015, when the global private equity and alternative asset management firm purchased the property from Westbrook for 166 million, or roughly $225 million in todays dollars. Toby has deep knowledge of the region and during his 20+ year career within financial services, has held a variety of leadership positions, across multiple cross functional teams and has worked in the UK, Hong Kong, India and Singapore. Blackstone Solicitors provides services for both business and personal matters. Theres absolutely no doubt.. In 2019, DekaBank, acting as sole arranger and underwriter, refinanced Ashbys debt on the asset with a 81.5m three-year term loan. The guidance contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK. Blackstone's real estate portfolio includes logistics, rental housing, office, hospitality and retail properties in North America, Europe and Asia. Blackstone has dramatically debuted in the UKs regional office market after securing an office in Birmingham for 182m as part of its European core-plus yield-oriented strategy, React News can reveal. You can check this on the Financial Services Register at register.fca.org.uk. But there are disparities across age groups, with younger cohorts less likely to be vaccinated. second and third were with the direct line managers and managing directors. Tom is a Chartered Accountant, completed the Royal Military Academy Sandhurst Commissioning Course and holds an honours degree from the University of Bristol. This was followed by an in person multi interview, meeting 4 partners in a row requiring a full half day off as it was 4 hours of questioning. Birmingham has been one of the best performing office markets in Europe over the past year in terms of vacancy for prime grade A, currently sitting around 5% vacancy, which Blackstone believes will accelerate rental growth in the Midlands city. Helical and Ashby Capital achieve first letting at The JJ Mack Building, Marugame Udon joins The Kensington Arcade. Due Diligence Valuations and Portfolio Reporting Services Portfolio Management Transaction Execution Support Accounting Tax Treasury Legal Directorship Services Insurance Compliance Risk Management People and Culture Technology Strategic Initiatives Property Management. Blackstone is buying the asset on behalf of Blackstone European Property Income Fund, a new perpetual life vehicle targeting the individual investor market. This is an overview of the The Blackstone Group London campus or office location. Diana has been a Financial Controller of the hotel group, Hospitality Europe, when it was purchased by Blackstone in 2006. Tenants include Cushman & Wakefield, the law firm King & Spalding and China International Capital Corp. London Office 8-10 HILL STREET, LONDON, W1J 5NG Blackstone Solicitors provides a wide range of expert legal services from London, UK. Piero has spent his entire legal career in the real estate industry. The largest real estate private equity firm in the world, Blackstone is well-known for blockbuster deals like its planned $7.6 billion acquisition of Gramercy Property Trust and pending $3 billion purchase of Canadas Pure Industrial REIT. He has a track record for leading transformative change and establishing cultures of continuous improvement. Oct. 13, 2021 Blackstone, the giant private equity firm, will require employees who want to work in its London office to be vaccinated beginning next week, as the American company takes a. We are deeply people-oriented and invest in creating positive work environments. I have been a client of Vijay Thakkar and Blackstone Moregate for over twenty years. Revantage provides real estate services to one of the worlds largest investment firms. Blackstone Solicitors serves people throughout the UK including Manchester, Chester and other locations throughout the UK. If you would like us to call you back, fill out our. Market Intelligence Blackstone Solicitors Limited | Company No. Diana co-leads Revantage Europe. Our team is transparent with our fee structure to prevent unexpected costs. First a phone call with their in house recruiter before having a video conference where I got to know the line manager. 03631973. open in google maps. Day in the life: Serena, Real Estate Management Associate at Blackstone, London Serena graduated from Cambridge University with a degree in Land Economy. The health and well-being of our people is our number-one priority, Blackstone said in a statement. This includes championing innovation and supporting new services to ensure that Revantage remains focused on service excellence. This field is for validation purposes and should be left unchanged. She stayed as Chief Financial Officer for Axios Hospitality Real Estate for five years before moving to Revantage Europe. Blackstone turned its attention towards office opportunities in the UK regions towards the latter part of last year. I applied online. Blackstone has spent around 4.7B on London offices since November 2009, according to data compiled for Bisnow by Real Capital Analytics. Replacement parts. Piero draws on nearly 30 years of experience guiding corporations through a wide range of issues where law and business intersect, including regulatory and compliance, corporate governance, transactions, data privacy and security, customer and business partner engagement, and human resources. Matt is the Global Head and Chief Executive Officer of Revantage. From new graduates to former military leaders, our team in London offers a diversity of insights and perspectives. How Is That a Good Thing? Matt believes that organizational excellence occurs once youve established and executed results-driven strategies and creates a culture that aligns every teammate with the same values and mission. Blackstone is also active in credit, infrastructure, hedge fund solutions, insurance solutions . London United Kingdom EC4A 2AE View in maps We acted quickly to carry out an enhancement programme that gave the building Birminghams most comprehensive offering of on-site amenities and leased the vacant space at market-leading rents., Birminghams leading office building, offering unrivalled amenities in the heart of the citys main business district, 1 St Vincent Street Prologis Taps Colliers to Lease 2.8 MSF Portfolio. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. Find the The Blackstone Group London address. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The 334,000-square-foot, 95%-leased property is part of the business park that was developed by Stanhope on behalf of The Chiswick Park Unit Trust. The space will be used for some back office functions and will initially accommodate about 50 people with potentially more to follow, said the people, who asked not to be identified because the talks are ongoing. Find out how we can help and the types of services we offer by getting in touch today. In the United States, Blackstone asked vaccinated deal makers to return to the office three months ago. Matt is currently leading a significant hiring effort in the global expansion of Revantage, as well as a strategic shift to better equip Blackstones real estate portfolio companies with talent, processes, and technology. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. If you wish to register a complaint, please write to Compliance Officer at London Address or telephone 020 3376 1444. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 9th Floor, Bloomberg: Balance of Power focuses on the politics and policiesbeing shaped by the agenda of President Biden's administration. EC2A 4EB. The West Midlands Growth Company (WMGC) recently leased office space in the property. She doesnt expect requiring vaccines to work in the office to become the norm in Britain. In London, having repositioned Lacon London, the company sold the 215,000-squrare-foot office building, three years into its . Whether its possible comes down to you being able to essentially demonstrate to a court that doing it was necessary within your business, Ms. Lewis said. Our Standards: The Thomson Reuters Trust Principles. Will Wintercross/European Pressphoto Agency, have special protection under British data privacy laws, some evidence that vaccine mandates have increased rates. Revantages global reach supports Blackstone real estate portfolio companies with best-in-class talent and corporate services. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. A leading global force proudly serving Blackstone and its real estate partners. He has extensive leadership and management qualities gained from his professional career and as a commissioned army officer. Contacts. The River Building, long celebrated for its distinctive one-acre roof terrace, recently emerged from a seeping renovation program. Cannon Bridge House, 25 Dowgate Hill, London. Will CRE Construction Hold Steady in 2023? EC2A 4EB. If you would prefer to have a no-contact consultation, we are more than happy to have meetings by phone, Skype and Facetime. However, the company is not averse to one-offs, investing in high-quality properties and transforming them through value-add initiatives. Current View: Global . Requiring vaccinations to return to a British office is not entirely unheard-of, but not too many companies that Im aware of have taken that step yet, said Holly Cudbill, an employment lawyer at Blake Morgan. His leadership skills and acumen have been recognized and appreciated in a variety of roles. Switchboard: +1 (212) . Revantage supports thousands of assets and billions in TEV for Blackstone real estate portfolio companies and our partners. Our dedicated and passionate team will take on your case, leaving no stone unturned to achieve the right result for you. https://www.nytimes.com/2021/10/13/business/blackstone-london-vaccine-mandate.html. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Patrizia Infrastructure acquires Italian bio-LNG producer Biomet Real Estate Sectors Office Retail Industrial Residential Alternatives Regions Europe Americas Asia-Pacific Global Conference and Awards 2021 Affordable housing Europe: Should investors be part of the solution? Know from experience that good financial planning will change your life. ESG: Don't forget physical climate risk for real estate On the right path? Toby is passionate about developing talent, mentoring, building inclusive teams and a culture to inspire team members to challenge themselves to deliver against objectives. Blackstone's lengthy list of value-add dispositions in 2017 includes the sale of the 693,000-square-foot Central Park of Lisle in Chicago for $129 million, four years after acquiring the office campus for $116 million. The challenge for employers is, is it justifiable if youre taking other Covid-secure measures within the business? Ms. Lewis said. Andy Street, the Mayor of the West Midlands, said: This is yet another vote of confidence in the West Midlands as we bounce back from the pandemic, and completes an investment hat trick for Blackstone with their existing investments in the NEC as well as St Modwens regeneration of the former Longbridge factory site.. This office is the major The Blackstone Group London, United Kingdom area location. "We continue to see strong demand for high quality, sustainable office spaces that attract the best talent and employers" - JAMES SEPPALA, BLACKSTONE. Blackstone will mandate vaccination for some London workers, a rare step in Britain. As an expert and thought leader, he is currently serving his 9th year on the Board of Trustees for Cubesmart, one of the top three owners and operators of self-storage properties in the U.S. With extensive experience as Chief Legal Officer for several multi-billion dollar organizations and two fast growing start-ups, navigating complex legal and business matters and projects, Piero serves as trusted advisor to the CEO and other senior corporate officers on setting the strategic direction for Revantages ongoing evolution. It is Blackstones first office acquisition outside of London in the UK, although it has had previous exposure to regional offices through non-performing loans. London Office. articles a month for anyone to read, even non-subscribers! LONDON (Reuters) -British Prime Minister Rishi Sunak met Blackstone Inc Chief Executive Stephen Schwarzman on Thursday, receiving one of Wall Street's most prominent figures at his Downing Street office ahead of next week's Davos summit. Blackstone (NYSE: BX), the world's largest alternative asset manager, announced that it has reached an agreement to establish a newly constructed, purpose-built European headquarters located in its long-term London home, Berkeley Square. Serving as a member of the executive leadership team, an advisor to the board of directors, and as chief counsel for the business, Piero leads the Legal functions for Revantage, including oversight of the portfolio companies transactions and leasing programs, development, governance, risk management, regulatory compliance, claims oversight, and legal optimization. As a leader who has operated in multi-cultural environments, he has driven and executed transformational change across large scale global projects resulting in creation of scale and reduction of risk. The US investor has completed the purchase of the Colmore Building, a 314,000 sq ft office block, from Ashby Capital. This office is the major The Blackstone Group London, United Kingdom area location. Blackstone Inc. is in the processes of leasing more office space in London's Berkeley Square after a hiring spree left the firm struggling to accommodate staff in its existing headquarters. Check out all The Blackstone Group jobs, I applied through a staffing agency. Interview. Peter Ferrari, chief executive of AshbyCapital, said: Having purchased The Colmore Building in 2015 when it was 40% vacant, this sale marks the successful completion of our asset strategy. This agreement will see Blackstone occupy a 226,000 sq ft,10 floor building on Berkeley Square on the site cur rent ly occupied by Lansdowne Ho use. Blackstones lengthy list of value-add dispositions in 2017 includes the sale of the 693,000-square-foot Central Park of Lisle in Chicago for $129 million, four years after acquiring the office campus for $116 million. The property, with about 283,000 square feet of office space between multiple buildings, is leased to Natixis Capital Partners, IG Index,. A Reuters reporter saw Schwarzman enter Downing Street, the site of the Prime Minister's official residence, accompanied by a colleague who said they were . Matt has spent his career developing teams that outperform financial and other performance objectives. Blackstone Inc. is requiring U.S. staff to get Covid-19 booster shots to work in the office, joining Wall Street firms stepping up pressure on their workforces in recent days to get jabs and. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Matt is taking this opportunity to create a new model for shared services in a way that has never been done before, with a heavy focus on providing value creation through data and analytics, and scalability through emerging technologies. Other tenants including Chubb, Allianz, Investec, Irwin Mitchell, Hogan Lovells, Rathbones and Willis Towers Watson. Registered No. Toby is an accomplished and highly respected executive with a wealth of experience leading buy-side operations around the world for major asset management firms. The firm bought a portion of Facebooks Dublin campus towards the end of last year for 395m for its core-plus platform. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I think that they can justify it, but they just need to think about how and make sure its not just a knee-jerk reaction, she said. 9th Floor, 30 Crown Place, London. Aberdeen Standard owns Building 8, the only other property in the campus not owned by China Investment Corp. latest-news-headlines Tackle Any Great Outdoor Event with the Blackstone family of Griddles & Cookware. Interviews went well overall and are generally friendly. Businesses can decide who does and doesnt enter their premises, especially for health and safety reasons. Its more common for companies to ask people to be double-vaccinated or show evidence of a negative Covid test, currently freely available in Britain, to go into the office, she said. The Blackstone Group London (United Kingdom) isn't hiring right now. Blackstone will review opportunities for prime offices in the UKs largest regional cities that offer similar fundamentals to that of Birmingham. L4N2RU1BV. Companies and Business Sales and Purchase, Collateral Warranties And Third Party Rights, Due Diligence Audits For Banks And Other Financial Institutions, Farm Partnerships And Corporate Structures, Commercial Contracts For Farming Businesses. 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