News Article Blackstone Europe investment Logistics Prologis
by Property Forum | Investment

The leading logistics developer has made a €21 billion offer for a huge chunk of „last mile” properties, Bloomberg reports. None of the parties made comments on the news but Blackstone said earlier that a capital increase worth €21 billion was on the agenda.

Buying companies with last-mile properties in the industrial market became increasingly popular over the years. Prologis was very active in acquiring minor rivals such as Liberty Property Trust, Industrial Property Trust and DCT Industrial Trust.

Blackstone also extended its European logistics portfolio at the beginning of this year. The company spent €520 million for logistics assets in the UK, Poland, Spain, Germany, and the Czech Republic. Earlier, Prologis decided to acquire another 22 properties in Germany, the Netherlands, and the UK worth several billion euros.