private equity fund Blackstone to pull out of the deal with Frederiksberg Boligfond.
It informs Frederiksberg Boligfond in a press release.
a housing fund was included in the december 2018 a controversial agreement with private equity fund Blackstone, which bought the properties in The southern Jutland Town, Svalegården and Peter Bang’s House in Frederiksberg. The latter bought out of the deal and formed a housing cooperative.
Subsequently, between Frederiksberg Boligfond and tenants in The south Jutland Town emerged a legal dispute around an old deed from 1932, which means that the properties in the event of sale to be sold at the original price.
The southern Jutland Town of Frederiksberg. Photo: Mogens Flindt.
In light of the uncertainty of when this dispute can be settled, has Frederiksberg Boligfond and 360 North, who represents the Blackstone, made an agreement to rescind contract of sale. It has been possible to cancel the deal, because both parties are in agreement, write a housing fund in a press release.
In total there are talked about just under 400 lejliger.
See also: Blackstone acquisitions: Municipality can end up in fights with tenants
deputy Mayor of Frederiksberg Michael Vindfeldt (S) want the bearings congratulations.
– The important thing is that we now have a lot of Frederiksberg families avoid getting into the clutches of private equity fund Blackstone. It is a milestone, he says.
Frederiksberg Boligfonds chairman Flemming Brank, who also is a conservative group at the town hall, will now ensure that the residents do not have to fear for their homes.
‘In the next long period of time, we will make us special pains to inform the residents. Both of the reasons that we sold the three properties, the pending lawsuit and that the residents do not have to fear for their homes’, he says in the press release.
the News that Blackstone had withdrawn from the sale, were shouted out across The southern Jutland Town.
Ida Karin Borup is happy and relieved. Photo: Mogens Flindt
– I had been out in the city, and then I hear my daughter yell from the balcony that Blackstone had dropped the deal. When I came home, called my neighbor and told the same. Everyone is so relieved, says a happy Ida Karin Borup.
She has lived in The south Jutland Town since she was four years old, and is pleased now that her childhood home will not end up on the kapitalfondens hands.
– I’m very relieved that they do not own us, she says.
Morten K. Christensen-Hornehøj thank Extra Magazine. Photo: Mogens Flindt.
the Occupant Morten K. Christensen-Hornehøj rejoice over, that it is succeed that put private equity fund at the gate.
– It’s great that we’ve got the makings of the world’s largest private equity fund the port, who would have thought it, he says, and mentions the Ekstra effort as a contributing cause.
– Thank you, Extra Magazine. You’ve really fought for the little man in this matter, and has a large portion of the profits, he says. Søren Berg and the bearings continue the trial. Photo: Mogens Flindt
Beboerformanden in The south Jutland Town, Søren Berg, is also a happy man.
– It shows that it may pay off to fight in the against supremacy. I am glad, for we have spent much energy not to be bought, says Søren Berg.
He says, that the trial between the bearings and a housing fund continues in order to clarify the value of the property.
– It is a ticking time bomb, so it is a good idea to get it tested, says Søren Berg.
the Deal in Frederiksberg, which had run up almost a billion dollars, has been one of the most hotly debated, as Blackstone has been involved in the Danish real estate market.
In the course of the election campaign took the prime minister Mette Frederiksen distance from kapitalfondens acquisitions, and heralded a crackdown on the hole in the housing, which they use to raise the rent.
– If not Blackstone will do anything for the housing market in the long term, so I do not think they should be here, told Mette Frederiksen, to Ekstra Bladet.
Ekstra Bladet has revealed that Blackstone buy properties through tax havens.
See also: Blackstone collector karin’s childhood home: Fear the sky-high rents
