Blackstone sells Fidere residential portfolio to Brookfield for $1.4 billion

Reuters | March 31, 2026 | 02:20 PM IST | Breaking News, Business, World | Follow on Google News

Blackstone sells Fidere residential portfolio to Brookfield for $1.4 billion

MADRID, March 31 (Reuters) – Blackstone (BX.N), opens new tab has sold its entire Fidere (YFID.MC), opens new tab residential portfolio in ​Spain to Brookfield Asset ​Management (BAM.N), opens new tab for a gross purchase ⁠price of 1.2 billion ​euros ($1.4 billion), the U.S. private ​equity firm said late on Monday.

The transaction was valued at a ​net 1.05 billion euros, ​Fidere said in a regulatory filing.

Blackstone said ‌the ⁠sale represents the largest multifamily transaction in Spain since the 2007-2009 financial crisis, ​excluding its ​acquisition ⁠of Testa Homes.

Fidere’s portfolio includes some 5,000 housing ⁠units ​across 47 ​residential buildings in Madrid.

Reuters