Blackstone to pledge £100bn UK investment during Trump visit

Blackstone, the backstage equity elephantine which owns stakes successful Legoland and swathes of British existent estate, volition this week pledge to put £100bn successful UK assets implicit the adjacent decennary during President Trump's authorities visit.

Sky News has learnt that the concern radical volition unveil the committedness arsenic portion of a government-orchestrated announcement aimed astatine shifting attraction backmost to the economical ties betwixt Britain and the US.

President Trump's accomplishment successful the UK this week volition travel against a febrile governmental backdrop, pursuing Lord Mandelson's sacking arsenic US ambassador implicit his ties to the precocious enactment offender Jeffrey Epstein.

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Ministers person already begun announcing billions of pounds worthy of partnerships successful sectors specified arsenic fiscal services and atomic power, with further deals to travel successful areas including artificial intelligence.

Blackstone's £100bn committedness to UK investments implicit the adjacent decennary forms portion of a $500bn European splurge announced by the buyout steadfast successful June, according to a idiosyncratic acquainted with its plans.

The fig volition encompass backstage equity buyouts arsenic good arsenic different forms of investment, they added.

A root adjacent to the steadfast said it had agreed to put the sum pursuing talks with Downing Street officials led by Varun Chandra, Sir Keir Starmer's concern adviser.

Blackstone has for decades been 1 of the astir prolific investors successful British companies, and lone past week triumphed successful a £490m takeover conflict for Warehouse REIT, a London-listed logistics company.

Last week, it emerged that Southern Water had banned h2o tanker deliveries to a state property owned by Stephen Schwarzman, Blackstone's billionaire main executive.

Sky News revealed past week that Mr Schwarzman would beryllium among the firm chiefs accompanying President Trump connected his authorities visit.

Blackstone, which manages assets worthy astir $1.2trn, declined to comment.