MADRID, Feb 10 (Reuters) – Brookfield Asset Management is in exclusive talks with Blackstone to purchase its residential real estate company Fidere in Spain, Spanish newspaper Expansion reported on Tuesday, citing unidentified market sources.
Both Brookfield and Blackstone declined to comment on the report.
The potential transaction could become one of the largest in the Spanish real estate sector this year, with an estimated value of around 1 billion euros ($1.2 billion), Expansion said.
Fidere’s portfolio includes some 5,300 properties at 47 residential buildings in the Spanish capital, Madrid, as well as a large building in the city of Guadalajara. The entire portfolio was valued at around 1.2 billion euros by end-2024, according to Expansion.
($1 = 0.8399 euros)
(Reporting by Paolo Laudani; Editing by David Latona, Aidan Lewis)
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