The US private equity group Blackstone is reportedly in the final stages of purchasing the Testa residential portfolio which includes 1,519 rental flats, several commercial premises and over 600 parking spots. The portfolio was put on sale in October 2015, after Socimi Merlin Properties took control of Testa. The assets includes 11 fully leased residential buildings, five of which are located in Madrid and the sixth in Toledo. The US fund has been one of the most active investors in the Spanish market following the collapse of the real estate market there.
