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Blackstone Announces Sale of €200-Million Portfolio of Homes

5 August 2019

Blackstone has put up for sale a portfolio of residential assets that contains free and protected housing worth 200 million euros. The US-firm has initiated a process of asset rotation after five years of acquisitions.

The American fund finalised its first major sale in Spain in July. The loans it sold were part of a €5.5-billion portfolio of mortgages the fund acquired from Catalunya Banc in 2014.

Original Story: Idealista

Adaptation/Translation: Richard D. K. Turner