10 January 2020 – El Economista
Blackstone has created a new company, Testa Home, to manage 20,000 of the rental flats owned by its Socimis and other subsidiaries.
The entity will be led by Fidere’s current president, Juan Pablo Vera, and will owned by Testa (58.12%) and Fidere (41.88%).
The aim is to make the management of the portfolio more efficient, optimise operating costs and returns, and render an improved service to tenants.
Of the 20,000 flats, 11,000 are owned by Testa, 6,500 by Fidere, 2,000 by Aliseda and 500 by Hispania.
Original story: El Economista (by Alba Brualla)
Translation/Summary: Carmel Drake