Blackstone puts €300m Spanish resi package up for sale

US asset management group Blackstone has reportedly put a €300 mln build-to-rent portfolio in Spain on the market for a price of around €300 mln.

According to Spanish press reports, the package is owned by Blackstone's Testa Home subsidiary and is being sold through advisor JLL.

If successful, the deal would be one of the largest in the residential property sector in the country.

The portfolio includes six buildings in Madrid, representing a total of 800 units in the districts of Méndez Álvaro and San Chinarro as well as in San Sebastián de los Reyes, Boadilla del Monte and Majadahonda.

Initial bids are expected over the next few days with the deal planned to close by year-end.


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