Blackstone acquires logistics portfolio worth €520 mln

Savills, together with Eastdil Secured, has advised Macquarie Capital Principal Finance and Elite Partners Capital on the sale of a pan-European logistics portfolio, Elite Logistics Fund I to Blackstone European Property Income Fund (BEPIF) for €520 million.

The portfolio has been aggregated over two years and includes 12 logistics and industrial assets in the UK, Poland, Spain, Germany, and the Czech Republic. They are currently predominantly occupied by major 3PL operators and include BTS dedicated to one of the global food and beverage leaders.

“Over 40 percent of the total GLA of these assets are located in Poland, in Mszczonów near Warsaw and Gdańsk. This highlights the growing demand and importance of the Polish market for investors in the warehousing and logistics sector,” John Palmer, Head of Industrial Investment, Savills Poland, said.

(WBJ)