UK pension fund acquires 3,000 homes from Blackstone in £405m sale

By Yahoo! Finance | Aug 13, 2024 at 07:05 AM EST

Blackstone is selling 3,000 shared ownership homes to British pension fund USS for £405m. This deal is part of increased activity in the UK housing sector, addressing the housing shortage. Blackstone plans to reinvest the proceeds into building more affordable homes through its Sage Homes venture.

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