Blackstone launches last-mile logistics real estate company in Europe

Blackstone has launched its pan-European last-mile logistics real estate company, Mileway. The new company owns and operates approximately 1,000 logistics assets that have been acquired by real estate funds managed by Blackstone over the last several years.

The portfolio spans eight major European economies. Core markets of the United Kingdom, Germany, the Netherlands and France represent more than 80 percent of the portfolio, with a growing presence in the Nordics and Southern Europe. The business is headquartered in Amsterdam and has a dedicated team of over 150 employees, with a local presence in each of its markets.

“As the largest last-mile logistics real estate company in Europe, Mileway will meet growing e-commerce-related demand for last-mile logistics real estate, facilitate faster delivery times, and support the growth of small and large businesses,” said James Seppala, head of Blackstone real estate Europe.

Mileway’s logistics properties, which