Blackstone buys assets across Europe
Logicor, a unit of The Blackstone Group, has bought 19 logistics assets in France and Germany from the Goodman European Logistics Fund. The price was not disclosed but is estimated to be between €300 million and €400 million ($341 million and $454 million).
The deal includes 10 distribution facilities in France with 3.2 million square feet of space and nine warehouses in Germany with 1.93 million square feet.
Logicor, founded by Blackstone in 2012, has grown its holdings across Europe. In April, Blackstone Real Estate Partners Europe IV completed the largest U.K. logistics portfolio deal in U.K. history with a €500 million ($568 million) purchase from a joint venture between funds managed by Oaktree Capital Management and Anglesea Capital. The portfolio of 16 warehouse properties is located in core logistics markets close to major urban centers across the United Kingdom, including Birmingham, Leeds and Oxford.
In a separate deal, Blacks