HUFFINGTON POST
05/24/2011 04:43 pm ET Updated Jul 24, 2011

Blackstone Group Looks To Sell Canadian Properties, Reports Say

(CP) TORONTO - Blackstone Group is shopping around its $900-million portfolio of Canadian office buildings.

The U.S. private equity group is looking to sell its holdings in 29 office buildings in Toronto, Ottawa, Edmonton and Calgary, a source has confirmed.

Blackstone and its Canadian partner Slate Properties built the portfolio through 21 separate deals since 2005.

CIBC World Markets has been hired to help with the sale.

Messages to Blackstone were not immediately returned and CIBC declined to comment.

The portfolio includes 16 buildings in Toronto, two in Ottawa, six in Calgary and five in Edmonton.