The Blackstone Group, the private equity firm, is to buy commercial real estate company CarrAmerica Realty in a $5.6bn (€4.7bn) deal that sees Goldman Sachs, Bank of America, Deutsche Bank and Citigroup share the advisory spoils.

The deal is designed to give Blackstone a platform for future investments in the office sector, the companies said yesterday.

Anuj Gangahar in New York

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Blackstone buys CarrAmerica for $5.6bn

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