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BLACKSTONE SNAPS UP DEVONSHIRE SQUARE
BLACKSTONE Group has expanded its property presence in London, buying the 12-building Devonshire Square office and retail complex from rival Rockpoint and the Abu Dhabi Investment Authority. The deal was signed on Friday for just under £340m – about 17 per cent below the £410m paid by Rockpoint and ADIA for the five-acre site in 2006.