Soilbuild Group chairman teams up with Blackstone to take REIT private in $525m deal

Soilbuild Group chairman teams up with Blackstone to take REIT private in $525m deal

Singapore. Photo: Guo Xin Goh

Soilbuild Group’s executive chairman will team up with Blackstone Group to take its listed unit Soilbuild Business Space REIT private in a S$700.3 million ($524.49 million) deal, the real estate company said on Monday.