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黑石(BX.US)以4.05亿英镑向英国养老基金出售3000套住宅

Blackstone (BX.US) sold 3,000 residences to the United Kingdom Retirement Fund for 0.405 billion British pounds.

Zhitong Finance ·  Aug 13 04:52

Blackstone sold 3,000 residences to the UK's largest private retirement fund for a price of 0.405 billion British pounds (0.518 billion US dollars), becoming one of the largest real estate deals of the year. In a statement released on Tuesday, Universities Superannuation Scheme Ltd. (USS) purchased the investment portfolio of these shared ownership units from Sage Homes, an affordable housing provider majority-owned by Blackstone, marking the UK's second-largest residential transaction of the year, after Blackstone agreed earlier to purchase 1,750 residences from Vistry Group Plc for 0.58 billion British pounds.

According to the reports, Blackstone sells 3,000 sets of residences to the UK's largest private retirement fund for 0.405 billion British pounds (0.518 billion US dollars), becoming one of the largest real estate deals of the year.

Universities Superannuation Scheme Ltd. (USS) bought the investment portfolio of these shared ownership units from Sage Homes, an affordable housing provider majority-owned by Blackstone, for an undisclosed sum. This is the UK's second-largest residential transaction of the year. Prior to this transaction, Blackstone had agreed to purchase 1,750 residences from Vistry Group Plc for 0.58 billion British pounds.

As the world's largest alternative asset management company, Blackstone Group has been heavily investing in residential real estate as the company expects a shortage of housing supply and seeks investment opportunities in real estate with shorter lease periods to benefit from rising rents. The company completed the UK's largest residential transaction in 2023 with the acquisition of 2,800 residences for 0.8 billion British pounds in November of last year.

This deal with USS may please the UK's new Labour Party government, which has promised to build 1.5 million new homes during its first five years in office. Institutional investors have played a pivotal role in driving the supply of the rental sector in the UK, with private equity firms and retirement funds seeking to capitalize on the housing shortage.

According to the statement, this deal is also the largest shared ownership residential investment portfolio acquisition since the program began in 1990. Shared ownership allows potential buyers to purchase a portion of their home and have the right to buy the rest within a certain period of time.

James Seppala, Blackstone's head of European real estate, said in a statement, "This transaction will enable us to continue investing in Sage Homes to help alleviate structural supply constraints."

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