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New Deal


Announced

Completed

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

Financials

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Transaction Value£370m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Real Estate Services

student accommodation

Private Equity

Cross Border

Completed

Friendly

Original Bidder Won

Private

Real Estate

United Kingdom

Acquisition

Majority

Synopsis

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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.

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