Announced
Completed
Financials
Sources
Tags
Real Estate Services
student accommodation
Private Equity
Cross Border
Completed
Friendly
Original Bidder Won
Private
Real Estate
United Kingdom
Acquisition
Majority
Synopsis
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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