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Asset Management

Blackstone to sell European property JV for €1.3bn

Blackstone owned more than 300,000 residential units worldwide as of last June

Blackstone Group is cashing out of another residential real-estate investment.

The asset management firm, together with its joint venture partner Round Hill Capital, has agreed to sell a residential property portfolio to Swedish real estate firm Heimstaden Bostad for €1.3bn, according to a Round Hill spokesman.

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