UK’s largest pension fund agrees £405m homes deal with Blackstone August 13, 2024 The UK’s largest pension fund has acquired 3,000 homes from Blackstone for more than £400m. The Universities Superannuation Scheme (USS) has snapped up the portfolio of shared ownership homes from affordable housing company, Sage. Sage is majority-owned by Blackstone alongside real estate investor Regis and was formed in 2017. The £405m deal is the first [...]
Blackstone chief Steve Schwarzman’s NIMBY problem: Newts in My Backyard August 7, 2024 In his day job as Blackstone’s chief executive, Stephen Schwarzman is used to dealing with slimy adversaries conspiring to prevent him from getting his way. But now the private equity boss is facing a similar problem in a more personal capacity, after the potential presence of an endangered species of newt has prevented him from [...]
‘Open for business’: Top US finance chiefs to attend UK investment summit August 6, 2024 The first US CEOs have confirmed they will attend the UK government’s international investment summit this autumn.
Village Hotels’ profit halved as 450 jobs created ahead of takeover July 15, 2024 Village Hotels added more than 450 jobs but saw its pre-tax profit slashed in half in 2023 ahead of it being acquired by Blackstone, it has been revealed.
Knight Frank: Investment in UK hotels jumps 50 per cent in a year July 1, 2024 Major deals by Blackstone, Landsec and Starwood Capital contributed to over £3bn of investment into UK hotels in the first half of 2024, already surpassing the total for last year by 50 per cent, Knight Frank data has revealed.
Blackstone checks in at Village Hotels as takeover announced June 26, 2024 US private equity giant Blackstone has completed the acquisition of Village Hotels, it has been announced.
Hipgnosis Songs Fund pays directors extra £250,000 for work on deal June 17, 2024 If the sale goes through, all fiver directors are expected to step down from the fund.
Blackstone in ‘exclusive’ talks to buy Village Hotels June 4, 2024 Private equity investor Blackstone is reportedly in exclusive talks to buy mid-market chain Village Hotels for circa £850m.
US private equity giant Blackstone snaps up 1,700 homes from Vistry as it drives to become major UK landlord June 4, 2024 Blackstone and Regis Group have inked a deal to buy 1,700 homes from developer Vistry. The private equity firm and its joint venture partner Regis will shell out £580m for the portfolio of new build homes across the South East of England.
Blackstone ups Hipgnosis takeover bid… by one cent June 3, 2024 Blackstone has upped its offer for Hipgnosis Songs Fund in an attempt to sweeten the deal for shareholders in its takeover pursuit.