Fidere Looks to Sell Off Assets in Catalonia

19 November 2019 – Fidere, the subsidiary of Blackstone, is looking to sell off some of its holdings in the Spanish province of Catalonia. The socimi will begin by selling the Isla del Cielo building in Barcelona, located in the Parque Diagonal Mar.

On the other hand, Fidere has opted not to sell off its holdings in the Community of Madrid. The rental properties, including the Sanchinarro, San Sebastian Reyes, Majadahonda and Hispanidad buildings, are squarely aimed at premium buyers and currently have an occupancy rate of 50%. Fidere assumed the management of these assets at the beginning of the year.

The Isla del Cielo building is currently listed on several real estate sites. The residential complex consists of two apartment blocks with a constructed area of ​​approximately 38,000 m2.

Original Story: OK Diário – Lorena Torío

Adaptation/Translation: Richard D. K. Turner

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