Blackstone plans to place €400M in assets on the market

Blackstone plans to place €400M in assets on the market

 

The set includes around 1.000 dwellings which are part of REIT Fidere’s portfolio, which has recently changed its headquarters to number 257 Paseo de las Catellanas in Madrid, according to a release sent by the company to Mercado Alternativo Bursátil.

This is also Testa’s headquarters, another Spanish REIT controlled by the American fund and which is dedicated to the housing rental market, according to Europa Press. The American fund expects to encourage cooperation between the two companies which operate in the same segment, by having them share the same building.

Currently, Testa has a portfolio of 10.770 buildings turning a profit, whereas Fidere has 6.500 buildings.

Iberian Property logo Iberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!