Pursuits
Goldman, Blackstone Said to Weigh Bids for 1,500 Spain Homes
- Rental homes are in Madrid, Toledo and San Sebastian
- Properties were valued at 276 million euros at end of 2014
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Blackstone Group LP and Goldman Sachs Group Inc are weighing separate bids for 1,500 Spanish rental homes that are being sold by the nation’s largest real estate investment trust, according to two people with knowledge of the matter.
Merlin Properties Socimi SA has asked investors to submit non-binding bids for the portfolio by Nov. 10 and a sale is expected to be agreed before the end of the year, according to the people, who asked not to be named because the matter is private. Spokesmen for Blackstone, Goldman Sachs and Merlin all declined to comment.