On Monday 8th July at 8.30am, activists will gather in front of Blackstone offices at 40 Berkley Square in London W1 J5AL for a noise demo to show solidarity with Barcelona’s residents fighting against gentrification.
Blackstone Group, a New York based multinational private equity firm and the World’s largest alternative investment company*, is the biggest property and hotel owner in Spain. The firm, along other large companies such as Goldman Sachs, Apollo Management and Cerberus, have been buying tens of thousands of residential properties in Spain and then raising rents and evicting thousands of long-term tenants to make space for richer and more “desirable” residents: or just leaving homes to rot empty while their value increases. [Read More]
