Blackstone Real Estate Partners Europe III and Ivanhoe Cambridge Inc. Acquire Interest in Alteco Gestion y Promocion de Marcas, S.L and Mag-Import, S.L

PARIS--()--Affiliates of both Blackstone Real Estate Partners Europe III and Ivanhoe Cambridge Inc. have acquired an interest of approximately 40% in loans extended to Alteco Gestion y Promocion de Marcas, S.L and Mag-Import, S.L pursuant to a credit facility agreement originally entered into on 7 May 2006 and secured by Gecina SIIC shares.

About Blackstone:

Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-oriented funds and closed-end funds. The Blackstone Group also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com. Follow us on Twitter @Blackstone.

About Ivanhoé Cambridge:

Ivanhoé Cambridge is one of the 10 largest real estate companies in the world. Through its multiple subsidiaries, it holds assets valued at over Cdn$30B as at December 31, 2011 in more than 20 countries around the world. Ivanhoé Cambridge is a real estate subsidiary of the Caisse de dépôt et placement du Québec (lacaisse.com), one of Canada's leading institutional fund managers. For more information, visit www.ivanhoecambridge.com.

Contacts

Blackstone:
Christine Anderson, +1-212-583-5182
christine.anderson@blackstone.com
or
Helen Winning, +44-20- 7451 4344
winning@blackstone.com

Sharing

Contacts

Blackstone:
Christine Anderson, +1-212-583-5182
christine.anderson@blackstone.com
or
Helen Winning, +44-20- 7451 4344
winning@blackstone.com