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

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

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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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