Blackstone sells 3,000 homes worth £405m to UK’s biggest pension fund

Blackstone sells 3,000 homes worth £405m to UK’s biggest pension fund

Society, Housing, Private equity, Real estate, Business, UK news, Shared ownership, Property, Money Business | The Guardian

​Universities Superannuation Scheme acquires shared ownership properties from US private equity groupBusiness live – latest updatesThe US private equity group Blackstone has sold more than 3,000 shared ownership homes to Britain’s biggest private pension fund in a £405m deal, the latest by big investment companies in the UK housing sector.The New York-based company sold the portfolio to the academia pension fund, the Universities Superannuation Scheme (USS), which manages more than £75bn of assets. Continue reading… 

Universities Superannuation Scheme acquires shared ownership properties from US private equity group

Business live – latest updates

The US private equity group Blackstone has sold more than 3,000 shared ownership homes to Britain’s biggest private pension fund in a £405m deal, the latest by big investment companies in the UK housing sector.

The New York-based company sold the portfolio to the academia pension fund, the Universities Superannuation Scheme (USS), which manages more than £75bn of assets.

Continue reading… 

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