Lone Star completed the acquisition of multi-asset real estate portfolio of St. James’s Place.

Lone Star, a private equity firm that invests globally in real estate, equity, credit, and other financial assets, completed the acquisition of multi-asset real estate portfolio of St. James’s Place, a British multinational wealth management business. Financial terms were not disclosed. “The MLI sector is an area that Lone Star has been investing in over the last twelve months with strong conviction. We believe there is significant potential in this part of the market as tailwinds in storage and distribution continue to drive demand for corporate leasing,” Jérôme Foulon, Lone Star Global Head of Commercial Real Estate.