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Calvert Leads Management Buyout Of Gramercy Europe, Plans New Fund | News | Ipe Ra

by realassets.ipe.com posted 8months ago 39 views
Blackstone agreed to buy Gramercy Property Trust for $7.6bn in May. : Alistair Calvert, the CEO of Gramercy’s European arm, has led a management buyout of the business from new owner Blackstone and launched a €1bn fund. In May this year, Blackstone Real Estate Partners VIII agreed to buy Gramercy Property Trust for $7.6bn (€6.56bn). The management of Gramercy Europe said it has completed the acquisition of the business from Blackstone, following the latter’s acquisition of Gramercy’s US parent company.

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