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Blackstone Negotiates the Transfer of Thousands of Homes to the State for its Public Stock

The North American investment fund is offering a 20% discount on market prices to allow the State to build up its public housing stock.

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Movements are on the horizon in the Spanish residential sector. The North American investment fund Blackstone, along with other funds, is in negotiations with the Spanish State regarding the transfer of 30,000 properties, which will be used to create a public housing stock.

The investment giant has offered to transfer part of its portfolio, which will be rented out, at a discount, specifically, at 20% below market price, according to El Confidencial. The Administration has access to a liquidity line amounting to 1.717 billion euros, under the Housing Plan for 2022-2025, to create this stock of 30,000 homes and Blackstone is expected to contribute the majority of the properties.

Read the full article in Spanish.

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