The comments follow a heated debate in Denmark, largely centered on Blackstone Group Inc. Kaare Dybvad, the minister for housing in the Social Democrat government, says the firm represents an “infamous” business model in which properties are bought, renovated and then put back on the market at rents that tenants can’t afford.
Blackstone says that it follows the law and that it represents too small a chunk of the Copenhagen real estate market to affect prices.
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