The Basque Government buys 510 homes from Blackstone to keep them as protected housing
El Departamento de Vivienda adquiere los pisos a Testa Residencial por 100 millones en la mayor operación de estas características realizada en España
A community of 850 families in San Sebastián's Benta Berri neighborhood faced the threat of losing their homes. These tenants occupied officially protected properties that would lose their social status by November 2028. They received notifications from the landlord, Testa, an affiliate of the Blackstone investment fund, informing them that their apartments would enter the free market from that date.
If they continued paying their current rents of €800 to €1,000 monthly, the loss of protection would make housing costs skyrocket. The Basque Government stepped in to assist these residents by purchasing the 510 affected properties. This is the first time a public administration in Spain has bought such a large quantity of apartments from a private investment firm, allowing them to extend the protected regime for these homes.
Written by urgent.news from El Pais Economia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
