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Blackstone loads up on European real estate

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Blackstone invested more in European real estate than in any other region in 2023, as the world’s largest commercial property owner picked up bargains from market turmoil and distressed sellers. Real estate deal-making collapsed this year as sharp rises in interest rates strained a sector heavily reliant on cheap debt. Deal volumes were down by half in the third quarter, according to MSCI data. Blackstone cut back its total spending on new property investments...
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