Blackstone in talks with less than 5 parties for a potential £500 million sale
U.S. private equity company Blackstone is in talks with less than five parties for a potential 500 million pounds ($786 million) sale of its Nido student accommodation portfolio, a source familiar with the matter told Reuters.
The parties were mostly non-European and included sovereign wealth funds, banks and investors with existing student housing assets, the source said, adding they could buy all or part of the Nido portfolio.
A shortlist of preferred bidders would be drawn up in October, the source said, noting most of these potential buyers were not yet active in the UK’s student accommodation sector …