Blackstone, one of the world's biggest investors in private equity, hedge funds and real estate, has scooped up a €10bn property portfolio from the collapsed Spanish bank Banco Popular, writes Jeannette Neumann for The Wall Street Journal. 

Spain's biggest bank Santander, which acquired Popular in June for a token €1 in a deal brokered by European and Spanish regulators, sold a 51% stake in a new company created to hold the real estate assets to the US alternatives giant, it said in a statement.