Blackstone has acquired a majority stake in Sanha Logistics Park II, a 334,000 square metre dry storage development in South Korea's Seoul Metropolitan Area, through a primary share issuance. ESR will remain an investor and continue managing development and asset operations via ESR Kendall Square. Scheduled for completion in 2028, the strategic project along the Gyeongbu Expressway marks Blackstone's third logistics investment in the country.
Border to Coast Pensions Partnership has agreed a £400 million deal to acquire 866 single-family homes from Leaf Living. The acquisition encompasses 12 estates across the South East of England, representing the UK's largest single-family housing transaction this year. The deal expands the pension pool's UK Real Estate Fund, which now holds over £2 billion in local government pension assets.
Private equity firm Blackstone has agreed to finance the purchase of HSBC’s Australian home loan portfolio, valued at A$36 billion (US$25 billion). The deal stands as the largest mortgage portfolio transaction globally. Non-bank lender Pepper Money will handle local loan servicing, ensuring a smooth transition for existing banking clients while expanding Blackstone's Asian credit operations.
Kuwait Petroleum Corporation subsidiary Kuwait Oil Company has signed a 16 billion US dollar deal with Blackstone, Brookfield and KKR. The 20.5-year lease and leaseback agreement covers the firm’s domestic and export crude oil pipeline network. Marking the largest foreign direct investment in Kuwait history, the deal will provide 7.85 billion US dollars in upfront proceeds to support national production goals.
Hines has acquired the 317,000 square foot Heathrow Logistics Park from Blackstone on behalf of its European Core Fund. Located near the main cargo gate of Heathrow Airport, the fully leased asset spans 15.4 acres and expands the European logistics platform of the investment firm beyond its previous €5 billion baseline.
Japanese insurer Nippon Life has formed a strategic alliance with Blackstone to manage investments in private credit and real estate. Nippon Life intends to commit roughly 1.5 trillion yen to Blackstone credit strategies over five years and upgrade twelve urban property assets. The deal aims to boost investor returns and expand alternative asset capabilities for Japan's largest private life insurer.
