UK 'best buying opportunity' among developed markets, Blackstone says

Blackstone is among the list of investors that has been picking up UK assets on the cheap as a result of Brexit.

Speaking to the board that oversees the University of California's pension holdings on Tuesday, its president, Jonathan Gray, said the fund manager had been making the most of other investors' skepticism around the UK economy and Brexit.

"It's not just about what's coming, it's about the price I have to pay for it,” Gray said, according to Bloomberg.

"We feel like you’re getting compensated."

Among Blackstone's investments, Gray pointed to the 2018 purchase of a portfolio of properties from Network Rail Infrastructure, which he said was a long-term bet on British commercial real estate.

Gray reportedly also said that the UK had become the best buying opportunity among developed markets.