Among the many financial investors present at MIPIM 2015 is the huge private equity firm Blackstone L.P., which calls itself “the world’s largest private sector owner of real estate assets”. Through buy outs of distressed subprime mortgages and other real estate assets it recently became a big landlord in the U.S. and in Spain. In both countries it is systematically raising rents. Tenants and bank tenants have started a transnational campaign against Blackstone.
International finance funds have recently landed in Spain to take advantage of post-housing-bubble ‘bargains’. With very bad consequences for people affected by the crsis, the international commission of PAH said at the occasion of the MIPIM 2015.