Blackstone sells a portfolio valued at €200 million

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Blackstone continues to release ballast in Spain.

The US fund has put up for sale a portfolio of residential assets that contains free and protected housing worth 200 million euros. Vivenio has been one of the companies interested in this portfolio, but has finally given up.

Blackstone closed its first major sales operation in Spain in the last five years last July. Until now, he had focused primarily on the purchase of real estate assets.

The loans sold come from the mortgage portfolio that the fund acquired in 2014 from Catalunya Banc, then valued at more than 5,500 million. The purchase of the mortgage portfolio of the Catalan entity revolutionized the Spanish real estate and financial sector, and led to the exit of the sale of toxic assets by the Spanish banks.

Blackstone has become one of the largest brick buyer in Spain after investing in the last five years about 24,000 million euros. In 2018, it carried out the largest real estate operation of the year in the world, the acquisition of real estate assets of Banco Popular, for 10,000 million euros, together with Santander.

In the last two years the American society, chaired in Spain by Claudio Boada, has acquired the socimi Hispania, for 2,000 million; 50.01% of the Socimi of apartments for rent Testa, for 947 million. It has also been done with Cirsa, one of the leading companies in the gaming industry in Europe, an operation valued at about 2,000 million.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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