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Blackstone has reached a deal with housebuilder Vistry to buy about 1,750 new homes for rent as big money managers increasingly see opportunities in the UK’s underserved rental market.
The £580mn deal by Blackstone and its minority investment partner Regis marks the second big transaction with Vistry in eight months, totalling £1.4bn, and funding more than 4,500 homes.
The UK rental sector still largely relies on small private landlords but big money managers are increasingly moving into the market.
