U.S. investment firm Blackstone said it had clinched an all cash deal to buy real estate specialist Taliesin Property Fund in its latest push into European real estate.
The transaction values Taliesin, which was formed in 2006 to invest in residential property in Berlin, at about 260 million euros ($307.66 million).
The deal was carried out by two newly formed investment vehicles, Wren Bidco and Canary Bidco, which are controlled by Blackstone.
The offer price has been agreed by the boards of directors of Taliesin and the bidcos.