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Blackstone in $6 Billion Deal to Buy U.K. Dorms From Goldman

  • Sale is largest-ever private real estate transaction in U.K.
  • iQ Student Accommodation has over 28,000 beds across Britain
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Blackstone Buys Goldman’s Student Dorm Business in $6 Billion Deal
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Blackstone Group Inc. agreed to buy the iQ Student Accommodation business from Goldman Sachs Group Inc. and the Wellcome Trust in the largest-ever private real estate deal in the U.K.

Funds managed by Blackstone will pay 4.66 billion pounds ($6 billion) for the business, which owns and manages properties with more than 28,000 beds in the U.K., according to an emailed statement from Goldman Sachs. The deal is subject to regulatory approval.