US private equity giant Blackstone has been given the green light by the Competition and Consumer Protection Commission (CCPC) to proceed with the purchase of a majority interest in two of Dublin’s foremost office assets. The properties are valued at €204 million and €120 million respectively. Merger notificationThe Irish Times first reported on the US private equity giant’s intention to purchase both blocks in December. The Los Angeles-headquartered group initiated that process in May of last year with a number of targeted approaches to potential suitors. The sale of Colony’s portfolio was put on a more formal footing subsequently with the appointment of Eastdil Secured to handle the process.

Source: The Irish Times February 10, 2021 01:52 UTC