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Blackstone Buys $2.7 Billion of Nordic Properties From Funds

Oslo skyline.
Photographer: Tony C French/Getty Images
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Blackstone Group LP, the world’s biggest manager of alternative assets, agreed to buy Nordic real estate portfolios valued at about 22 billion kroner ($2.7 billion) in the region’s largest property deal since 2008.

Blackstone Real Estate Partners Europe IV entered into an agreement with 10 funds managed by Obligo Investment Management AS to acquire the portfolios in an all-cash deal, according to a joint statement Wednesday.