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FCC is negotiating the sale of 420 subsidized homes in Madrid to Blackstone.

These homes are rented and are located in Tres Cantos (Madrid).

Recently, the main shareholders of Realia – FCC and Bankia – selected Goldman Sachs International for the process of searching for offers that allow their exit from the real estate company. They have a joint share of 57,6%, valued in nearly 144 million Euros.

Operations such as the one carried out by the technology tycoon Bill Gates in FCC, where he has disembarked as the second most important shareholder, or the acquisition of the Spanish tin manufacturer Mivisa by the U.S. industrial group Crown Holdings for 1200 million Euros are seen as a sign of change in the Spanish economy.

In fact, international funds would be ready to invest up to 14.000 million Euros in the Spanish real estate sector next year, according to a study carried out by the firm Knight Frank, which places Spain as one of the main objectives of the great investors within the European Union.

The arrival of foreign capital can also be seen in the Spanish real estate sector. The purchase of homes by foreigners increased 13,6% until June. (…)

Source: Expansión