UK social housing deal with private equity giant sparks fears for tenants

London

PRIVATE equity giant Blackstone has struck a deal with UK social housing association Sage, sparking fears from campaigners that it will price out low-earning, elderly and sick tenants.

New York-based Blackstone, which owns the largest home rental company in the United States, will fund for-profit housing association Sage to buy affordable homes from private developers, property magazine Estates Gazette said.