16 September 2019 – The US-based investment giant Blackstone has cancelled the sale of a portfolio of more than 1,000 un-subsidised rental flats in Barcelona and Madrid. The financial services firm had been asking for approximately 180 million euros for the asset. Market sources see the cancellation as a confirmation that the market is softening due to political uncertainty, regulatory changes and a cooling economy. Blackstone now reportedly plans to sell the properties off piecemeal, much as it did with its proposed sale of three subsidised apartment blocks to Vivenio.
Original Story: El Confidencial – Ruth Ugalde
Adaptation/Translation: Richard D. K. Turner