Blackstone Group will pay $1.8bn to acquire US office and retail properties being sold by Swedish pension manager Alecta, according to people with knowledge of the matter.
Goldman Sachs had been due to acquire the properties, and also various UK real estate assets, but it and Alecta failed to agree terms.
Goldman Sachs’ purchase of the UK properties, with a value of around $450m, will go ahead, the people said.
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