Blackstone sells 3,000 homes worth £405m to UK’s biggest pension fund
by Julia Kollewe from World news | The Guardian on (#6PY7R)
Universities Superannuation Scheme acquires shared ownership properties from US private equity group
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.
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