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.
Related Digital and Blackstone have secured financing for a $16 billion data centre project in Saline Township, Michigan. The campus is designed for Oracle and OpenAI to boost AI computing capacity. The development promises thousands of jobs and millions in tax revenue. It features sustainable technology such as a closed loop cooling system and incorporates a large battery storage investment to assist the local energy grid.
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