U.S. investment firm Blackstone (BX.N) said on Wednesday it had clinched an all cash deal to buy real estate specialist Taliesin Property Fund (TPF.L) in its latest push into European real estate.

The transaction values Taliesin, which was formed in 2006 to invest in residential property in Berlin, at about 260 million euros ($307.66 million), representing a 10 percent premium to the closing price of 46.31 euros per Taliesin share on December 19.

The deal was carried out by two newly formed investment vehicles, Wren Bidcoand Canary Bidco, which are controlled by Blackstone.

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