The Government sells to Lar and BlackRock a central Hacienda building in Madrid to make luxury housing and a student residence

Grupo Lar and funds managed by BlackRock, through a joint venture, have formalized the purchase of an office building in Madrid that was formerly occupied by the Ministry of...

Grupo Lar and BlackRock acquire a building in Madrid to convert it into 153 luxury homes and a 400-bed student residence.

The Government of Spain has sold to the funds managed by BlackRock and Grupo Lar, which operated through a joint venture, an office building in Madrid of the Ministry of Finance to build 153 luxury homes and a student residence with 400 beds. Thus, the Executive once again contradicts itself, since one of the parties that compose it, Sumar, asked last March to “expressly prohibit the sale of public land and housing assets of the General State Ad…