Blackstone plans to double-down on its Europe real estate investments—but in London, it already has an upper-hand as WeWork locations have fallen

people sitting in a well lit room on white stairs (Credit: COURTESY OF FORA)

Blackstone has grand plans for Europe. The founder of the world’s largest owners of commercial real estate, Steve Schwarzman, said earlier this week that the firm will focus on expanding its holdings across European markets, “whether they’re data centers, warehouses or student housing.”

But as far as the company’s operations in the London real estate market are concerned, Blackstone is already a leader of sorts—it has more flexible office locations in the city’s central zones than the co-working pioneer WeWork, Bloomberg reported Wednesday.