151 Property has set a new foundation to continue to deliver exceptional real estate outcomes for its properties, people, partners and communities.
151 Property has entered a new era with an internal restructure that has seen all business, legal and financial functions move into a separate business with the launch of Revantage ANZ, enabling 151 Property to solely focus on its core capabilities in real estate asset management as the platform continues to expand.
Continuing to deliver exceptional real estate outcomes
As a portfolio company of Blackstone, the world’s largest owner of commercial real estate,151 Property has supported the success of Blackstone in the ANZ market, actively managing a diversified portfolio of industrial, office, retail, and residential assets.
The separation of 151 Property’s asset management and corporate services is a strategic move that aligns with Blackstone’s global business model, enabling 151 Property to remain exclusively focused on building an industry-leading asset management team, supported by Revantage ANZ. Revantage is a global corporate services leader and fellow Blackstone portfolio company, supporting the firm’s portfolio companies across North America, Europe and Asia – and now in ANZ.
“This is a defining moment for 151 Property in the Australian & New Zealand markets,” says Marc Lucas, Managing Director of 151 Property. “It allows the business to remain focused on delivering best-in-class asset management services for Blackstone and its investors, whilst providing a clear framework for a way forward that will ensure our continued success and growth in the region.”
A proven track record
151 Property manages Blackstone’s vast real estate portfolio, which has quickly expanded over the years across fast-growing sectors such as logistics and build-to-rent.
“At 151 Property we are very confident with how we’ve positioned our business in ANZ. Over the years we’ve been involved in unique, large-scale transactions, creating history in the region. It’s what we’ve always done. And now we have set the perfect foundation to continue our growth.” says Lucas.
With office locations spanning Sydney, Melbourne and Auckland, the 151 Property team will continue to draw on the expertise of its local and global partners, Revantage ANZ now included, to help deliver exceptional real estate asset management services and outcomes for its properties, people, partners and communities.
Over the years we’ve been involved in unique, large-scale transactions, creating history in the region. And now we have set the perfect foundation to continue our growth.”
Marc Lucas, Managing Director - 151 Property