Blackstone completed the acquisition of Vega and The Mont for £370m.

Blackstone, an American multinational private equity, completed the acquisition of Vega, an 841-bed student accomodation property in London’s Vauxhall district, and The Mont, a 324-bed student accomodation property in central Edinburgh, for £370m. Blackstone Real Estate Income Trust’s investors sought to pull $2.2bn last month, compared with $2.1bn in September. BREIT returned about $1.3bn to investors, or about 56% of what was requested, the “highest payout percentage” since redemptions were restricted last year.