Fidere

Fidere is a real estate company owned by Blackstone. It is currently newsworthy due to its impending sale of a significant portfolio of rental properties. Specifically, Fidere has called a shareholder meeting on April 27th to approve the sale of 5,100 homes to the Canadian fund Brookfield for 1.3 billion euros. This sale marks a significant transaction in the Spanish real estate market. Furthermore, Fidere is also in the news for its past acquisition of 2,490 public housing units from the Madrid City Council. These units, purchased during a period of economic downturn, are now being resold at significantly higher prices, reportedly up to six times the original purchase price. This raises questions about the privatization of public housing and the potential for substantial profits by investment funds.