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Sign in Sign up for a FREE subscriptionBlackstone buys €450m logistics portfolio in Germany, Poland
Blackstone Group has bought a €450 million ($513 million) logistics portfolio in Germany and Poland.
Dentons Real Estate team in Warsaw has advised Hines Global REIT on the sale of a portfolio of five logistics properties in Poland. The transaction value was approximately €140 million ($160 million). The assets were acquired by Gemini Poland Holdcos, affiliates of Blackstone Group.
The portfolio, sold by Hines, consists of two warehouses in Warsaw, one in Wrocaw and two in the Silesia region. All the properties are fully leased to tenants, which include ThyssenKrupp, LG Electronics, Johnson & Johnson and Toshiba.
The sale of the Polish portfolio is part of a larger transaction including five logistics centers in Germany.
