Blackstone spends €240 million to enter Polish logistics market
LogiCor, The Blackstone Group’s newly created logistics platform, has made its first foray into Poland with the acquisition of two portfolios totaling 4.3 square feet for €240 million ($320 million) from joint venture partners Panattoni Europe and Pramerica Real Estate Investors.
“With the addition of these two portfolios, we are further building on our strategy of acquiring high-quality, well-located logistics properties in Europe, through the LogiCor platform,” Ken Caplan, head of real estate for Blackstone in Europe, said in a statement. “These assets complement our other logistics properties across Europe in terms of their tenant quality, efficient design and excellent locations. We look forward to continuing to grow and develo