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Blackstone to Sell a Portfolio of Houses from Ex-Catalunya Caixa

The US-based fund has opted to begin the process to sell off the portfolio of rental housing it acquired from the former Catalunya Caixa. The operation is expected to close in September.

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Blackstone announced that it would sell the rental properties, held under the socimi Albirana Properties, it acquired from the former Catalunya Caixa (ex-BBVA).

The company has commissioned a firm to perform a valuation of the assets, which will be presented at an extraordinary general shareholders’ meeting in September. The portfolio is expected to include thousands of apartments, according to an article in El Confidencial.

Read the full article in Spanish

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