BPPEH Issues €500 Million Guaranteed Notes due 2024

Blackstone Property Partners Europe Holdings S.à r.l. (“BPPEH”) announces the successful issuance of €500 million 2.000% fixed rate notes due 2024 under its Euro Medium Term Note Programme.

The notes are rated BBB- with a positive outlook by S&P.

The net proceeds of the issuance will be used for general corporate purposes, including the repayment of existing bank debt and financing of future acquisitions.

Nothing in this announcement shall be considered an offer to sell, or a solicitation of an offer to purchase, securities of BPPEH. Securities of BPPEH may not be offered to U.S. persons, or persons located in the U.S., absent an exemption.

About BPPEH 
Blackstone Property Partners Europe Holdings S.à r.l. (“BPPEH”) invests in high-quality, substantially stabilised real estate assets across Europe. Investments are concentrated in the logistics, residential and office sectors, with a focus on major European markets and key gateway cities. BPPEH is 100% owned by Blackstone Property Partners Europe.