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Denmark to Change Law to Stop Blackstone Rent Hikes

Photographer: Luke MacGregor/Bloomberg
Updated on

Denmark is set to change its laws to stop property investors from ratcheting up rents, as the center-left government made clear it wants to target Blackstone Group Inc. and companies like it.

Housing Minister Kaare Dybvad said he’s realized that existing legislation wasn’t designed to withstand the kind of speculation he says firms like Blackstone do. His concern is that rents have risen to levels that now prevent average income-earners from living in Denmark’s main cities.