Prologis has completed the sale of a portfolio of buildings and land in the United Kingdom to real estate funds managed by Blackstone for £473 million (€610 million/$618 million).
The disposition represents the largest sale of logistics real estate assets on record in the United Kingdom. The majority of the assets were acquired from Liberty Property Trust upon Prologis’ acquisition of the company in February 2020.
The portfolio comprises approximately 4.3 million square feet of buildings and approximately 31 acres of consented development land across England:
22 stand-alone buildings totaling 4.3 million square feet located principally in the Midlands, as well as in the South West and North West.
Approximately 31 acres of consented development land in Staffordshire and Widnes.
“This transaction completes the realignment of our U.K. portfolio with our long-term investment strategy in key distribution locations in the Midlands a
