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Announced

Blackstone to acquire Flatiron Park for $600m.

Financials

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Transaction Value£457m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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real estate operation

Real Estate Holding and Development

Private

Real Estate

Pending

United States

Majority

Acquisition

Private Equity

Friendly

Domestic

Single Bidder

Synopsis

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Blackstone agreed to acquire Flatiron Park, a 22-building complex, for $600m. Flatiron Park devotes about 15% of its campus to life-science tenants, including biotech firms like KBI Biopharma and Enveda Biosciences. BioMed Realty said it believes that eventually half the campus could be filled with life-science businesses because of intense demand in Boulder for specialized lab and office space.

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