Residents of Los Ochos ask the Basque Government to consider purchasing their homes from Mosaic
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Eva Molano Change of course. The Basque Government's purchase of 510 homes from the Blackstone investment fund opens a new scenario in the debate... over the future of Los Ochos de Erandio, a block that Inmocaixa marketed to the Mosaic fund and where 135 families live as tenants. Mosaic has announced it will not renew the contracts. 14 expired this year and the rest between 2027 and 2030. The residents already requested at the time that the public purchase of their homes be evaluated, a message they have launched again a day after the regional Executive agreed to acquire for about 100 million euros the surface rights of the homes in the San Sebastian neighborhood of Benta Berri. These are apartments located on public land that the Basque Government ceded until 2069. Although those in Los Ochos were always part of a private company, those affected believe that the purchase from Donostia demonstrates that large-scale public intervention is possible when there is an agreement between the Administration and the owner to prevent homes from leaving the rental market. In Erandio, however, the Basque Government has so far ruled out a similar purchase operation. On October 9, during a speech in the Basque Parliament, Denis Itxaso assured that his Department had not had the opportunity to acquire the homes through the right of first refusal, as they were free and unprotected...
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