Aug
30
Goldman Sachs Said to Have Lost $1.8 Billion U.S. Property Deal
By-
Blackstone instead won auction by Swedish pension Alecta
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Purchase includes retail, office properties across the country
Goldman Sachs Group Inc. was the original winner of Alecta’s U.S. real estate sale before the transaction fell apart amid a disagreement over terms, leading Blackstone Group LP to prevail with a $1.8 billion deal, said people with knowledge of the matter.
Goldman Sachs was initially awarded the U.S. and U.K. properties being sold by the Swedish pension manager and given a short amount of time to do additional research on the assets. During that period of about a week, a dispute arose that prompted Alecta to agree to sell the U.S. buildings to Blackstone instead, said the people, who asked not to be named because the transaction is private…
Goldman Sachs Said to Have Lost $1.8 Billion U.S. Property Deal
