Blackstone favors industrial realty

Selective options to help PE giant tap investment opportunities in sectors likemobile Internet

Global alternative asset manager Blackstone Group LP likes commercial and industrial real estate in China and regards residential property as less interesting, its chairman and CEO told China Daily on Thursday.

"Industrial warehouses in China are very interesting, and are set to benefit as Internet and retail sales increase," said Stephen Schwarzman. "So are office buildings and shopping centers."