US EditionBlackstone Dumps Spanish Rental Portfolio In $1.4 Billion Brookfield Deal - Blackstone (NYSE:BX)
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6 Articles
Blackstone Dumps Spanish Rental Portfolio In $1.4 Billion Brookfield Deal - Blackstone (NYSE:BX)
Blackstone Inc. (NYSE:BX) has agreed to sell its entire Fidere residential rental portfolio in Spain to Brookfield Asset Management Inc. (NYSE:BAM) for a gross 1.2 billion euros ($1.4 billion), according to media reports. The transaction is valued at a net 1.05 billion euros, Reuters reported. The portfolio includes about 5,000 units across 47 buildings in Madrid. Blackstone said the deal is the largest multifamily transaction in Spain since the…
The process of selling Fidere's rental properties, owned by Blackstone, to the Canadian Brookfield fund is progressing and it seems that it can be closed in less than a month. Fidere has informed Bolsas y Mercados Españoles (BME) that it has convened shareholders' meeting on April 27 in which as the most important point is the approval of the transfer. Currently, this portfolio is composed of more than 5,100 houses, among which are the protected…
The American private capital giant Blackstone has put an end to his residential adventure with Fidere. Madrid’s socimi, a vehicle through which the American fund has managed for more than a decade one of Spain’s largest rental housing portfolios, changes hands for €1.050 million. The buyer is Brookfield, one of the largest alternative asset managers in the world, based in Toronto, Canada.
In addition, we tell you that Blackstone has closed the sale to Brookfield of the residential portfolio of Fidere for 1,050 million euros, and about Volkswagen, which is the manufacturer of...
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