Starwood Capital Group to acquire Balanced Commercial Property Trust for £673m.

Starwood Capital Group, a private investment firm, agreed to acquire Balanced Commercial Property Trust, a large British investment trust dedicated to investments in commercial properties, for £673m. "Over the course of the Strategic Review, we have undertaken an open consultation process with shareholders and the BCPT Board is grateful for the constructive feedback. We note that a significant proportion of the share register expressed to us a clear preference for a liquidity event, either via a sale or a managed wind-down," Paul Marcuse, BCPT Chairman.