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Blackstone President Jon Gray called the bottom after the Office-Office-Market Rout

Arun Jain, 30/01/2025

2025-01-30 18:06:00 :

(Bloomberg) -The largest business property owner in the world said that after the popularity is full of long -term depression, the worst situation in the global office market is over.

He said that the valuation of the US office fell 50 % to 70 % from the peak, and they prepared rebounds.

This may soon change, and Gray said that Blackstone is now evaluating new office betting. Bloomberg reported on Thursday that the company’s upcoming agreement to purchase Manhattan Mid -City will marked the investor’s New York office transaction.

Gray said: “We are willing to buy properties there.”

Gray, 54, has led the real estate business of Heishi Company for many years before CEO Steve Schwarzman, before its rise and became the company’s second executive.他的声明可能会引起迫切需要救济的房地产行业的共鸣。

The office market is getting out of vacancies and falling valuations because many workers who stay at home during the period have not returned.

Despite the continuous achievements of real estate, Blackstone reported that the profit in the fourth quarter exceeded the expectations of Wall Street.

Private equity dealers have strengthened the pace of sales and investment, and helped to improve the blackstone in 21/2 years. The credit and insurance business increased the income of investors to the company this quarter, thereby dominating the company’s inflow.

The data center helps reduce the loss of the real estate department and cancel the return of the infrastructure team.

The company has invested increasing the sum of the desire to become the largest financial investor in artificial intelligence infrastructure. In the second half of last year, Blackstone stated that its investment portfolio included $ 70 billion in data centers and potential development of more than $ 100 billion.

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Now, Chinese startup Deepseek threats to complicated this investment paper.

DeepSeek claims that its AI model provides a small part of the cost of calculating costs with the best performance as the world’s best chat robot. This challenges the idea of ​​continuously increasing power and infrastructure.

Gray said he believed that digital infrastructure did not lose its importance.

Gray added that Blackstone has a $ 80 billion leasing data center today, which means that the stable cash flow has been locked in part of its investment portfolio.

格雷说,即使科技公司在培训AI模型上投入较少,这也可能会给他们提供更多的钱来推断- 当AI模型做出预测和云处理时,这可能会给他们花费更多的钱Essence

He said: “Digital infrastructure is still essential.” “As the technology is used faster, it will be essential to use its strength and electrical (if so, more important) “” ”

-Steve Dickson’s assistance.

More such stories can be found on BLOOMBERG.com

Capture all commercial news, company news, break the news incident, and update the latest news about Live Mint. Download mint news applications to obtain daily market updates.

Jon Gray (Jon Gray

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