Hudson Pacific Properties (HPP) Declares $0.125 Quarterly Dividend; 1.8% Yield
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Hudson Pacific Properties (HPP) to Acquire Blackstone's (BX) EOP Northern California Portfolio in $3.5B Deal
December 8, 2014 8:06 AM ESTHudson Pacific Properties (NYSE: HPP) announced that it has entered into a definitive asset purchase agreement under which Hudson will acquire Equity Office Properties San Francisco Peninsula and Silicon Valley portfolio (the EOP Northern California Portfolio) from Blackstone Real Estate Partners V and VI (NYSE: BX) in a stock and cash transaction valued at $3.5 billion, solidifying Hudsons position as the leading West Coast office REIT. Upon closing of the transaction, Hudson is expected to have an equity market capitalization of $3.7 billion and total enterprise value of approximately $6.5 billion.
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