Blackstone (BX) has appointed advisers to explore the sale of its British rental housing business, Leaf Living, Bloomberg reported Monday, citing people familiar with the situation.
The firm has hired bankers from Goldman Sachs (GS) and CBRE Group (CBRE) to advise on the potential transaction, the people told Bloomberg.
The business is expected to fetch more than 1 billion British pounds ($1.3 billion), the people added.
Blackstone, Goldman Sachs, and CBRE didn't immediately respond to MT Newswires' requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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