Blackstone Sells Fidere to Brookfield for $1.4 Billion
Blackstone sold its Fidere residential portfolio to Brookfield for $1.4 billion. The deal includes 5,000 housing units across 47 buildings located in Madrid.
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In a major real estate transaction, Blackstone Inc. has completed the sale of its Fidere residential portfolio in Spain to Brookfield Corporation. The deal, which was finalized for a gross purchase price of $1.4 billion (€1.2 billion), marks a significant exit for the United States-based private equity firm.
Fidere disclosed in a regulatory filing that the transaction was valued at a net 1.05 billion euros. The scale of the deal highlights the ongoing liquidity in the European multifamily sector, particularly in major urban centers.
