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Blackstone bets on Britain's railway arches


The private-equity group that’s best known for refurbishing unloved properties and selling them on at a huge profit is pivoting toward a buy-and-hold approach with its politically sensitive purchase of many of the UK’s converted railway arches.

The private-equity group that’s best known for refurbishing unloved properties and selling them on at a huge profit is pivoting toward a buy-and-hold approach with its politically sensitive purchase of many of the UK’s converted railway arches.

LONDON: Blackstone Group LP is departing from its usual “buy it, fix it, sell it” strategy to make a long-term bet on British commercial real estate.

The private-equity group that’s best known for refurbishing unloved properties and selling them on at a huge profit is pivoting toward a buy-and-hold approach with its politically sensitive purchase of many of the UK’s converted railway arches.

   

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