Blackstone mulls sale of $1.4B Spanish rental portfolio - report

Blackstone (NYSE:BX) is considering selling a Spanish rental portfolio worth about €1.2B ($1.4B) of homes, according to a media report published Friday.

The private equity giant got Jones Lang LaSalle (JLL) and Eastdil Secured LLC to advise on the potential sale, Bloomberg reported, citing people with knowledge of the process.

Fidere Patrimonio Socimi SA, part of Blackstone (NYSE:BX), oversees the properties, the people said, adding the companies plan to keep control of the management platform.

Elsewhere in Europe, Blackstone (BX) recently acquired a "trophy" office building in central Paris for about €700M.

Blackstone and JLL did not immediately respond to Seeking Alpha's request for comment.