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Blackstone Completes the Sale of 750 Homes to AXA for €285 Million

The US manager has completed its second major divestment, just one month after selling another residential portfolio to Allianz.

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Blackstone’s residential development in Méndez Álvaro

Blackstone has closed the sale of an important residential portfolio, comprising more than 700 rental units. The buyer is Axa, as reported exclusively by Brainsre.news on 14 December, which will pay 285 million for the homes.

Built between 2004 and 2008 and spanning a surface area of around 67,000 square meters, the portfolio is divided into six residential assets, comprising 740 units for rent, most of which have been renovated recently.

Read the full article in Spanish.

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