Barcelona, ​​Oct 21 (.).- Blackstone (NYSE :), one of the largest real estate funds in the world, considers that the European real estate sector, and particularly the Spanish sector, is in “fundamentally good” condition, despite the context today’s challenging economy.

This was stated this Friday by Michael Swank, director of real estate acquisitions for Blackstone for Europe, during talks at the District real estate event, which this Friday closed its first edition in Barcelona.

Blackstone’s directors have assured that the international and economic context is “confusing” and that there will be companies in “complicated” situations, but has said the company’s fundamentals are solid.

Swank has explained that the current situation has nothing to do with what the sector experienced during the 2008 financial crisis, which was marked, for example, by excess debt.

Currently, the sector is experiencing a moment of “volatility” but is doing so with great health, the manager assured, adding that, in this crisis, Spain is in a similar situation to other European countries.

“Everyone is in the same boat. The crisis is impacting Spain in more or less the same way than other European countries”, said Swank, who added that high inflation is one of the main problems suffered by European economies.

Despite the current uncertainty, Blackstone managers have commented that access to finance remains open and defended that Spain continues to present investment opportunities in real estate subsectors such as offices or logistics and also in other alternatives such as student residence or biomedical, although in the latter it is not. positioned as well as England, for example.