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Blackstone closes €260M acquisition of Taliesin Property Fund

Entities affiliated with Blackstone Group LP's newly formed pan-European core-plus unit completed their acquisition of Taliesin Property Fund Ltd. for €51 per share.

The deal, amounting to €260 million, was announced in December 2017 with the approval of Taliesin's board. Taliesin shareholders approved the deal in mid-February. Taliesin primarily owns multifamily properties in Berlin.

Trading in Taliesin shares on the London Stock Exchange's AIM submarket ceased as of the morning of Feb. 26, the effective date of the transaction.

Rothschild acted as financial adviser to Taliesin, while Lazard advised Blackstone entities Wren Bidco Ltd. and Canary Bidco Ltd.