ARTICLES LABELLED WITH TAG Blackstone

Blackstone has announced the final closing of its latest European real estate fund, Blackstone Real Estate Partners Europe VII (BREP Europe VII).

Hillwood has expanded its Polish portfolio with a logistics park covering nearly 43,000 sqm, located in Gdańsk, in the eastern part of the city. The seller was Blackstone. The price has not been disclosed.

Contera has announced a strategic partnership with Blackstone, the alternative asset manager. Blackstone has agreed to acquire CT's Real Estate portfolio of 10 logistics parks for approximately €470 million.

Hungarian real estate fund Indotek has purchased Espacio León shopping centre in the northern Spanish city of León from Blackstone for €45 million. 

NEPI Rockcastle, through its subsidiary, has acquired all the issued shares in the Forum Gdańsk shopping centre from a company ultimately owned by Blackstone-managed funds. The transaction encompassed the repayment of all the asset’s outstanding debt. Forum Gdańsk is a 63,500 sqm GLA shopping centre, situated in Gdańsk, the sixth largest city in Poland by population, with over 470,000 inhabitants.

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.

Savills, together with Eastdil Secured, has advised Macquarie Capital Principal Finance and Elite Partners Capital on the sale of a pan-European logistics portfolio, Elite Logistics Fund I to Blackstone European Property Income Fund (BEPIF) for €520 million.

Blackstone announced the launch of 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.

Blackstone announced the final close of its latest global real estate fund, Blackstone Real Estate Partners IX. BREP IX has $20.5 billion of total capital commitments — the largest real estate fund ever raised. Blackstone is also currently investing two regional opportunistic funds, the €7.9 billion BREP Europe V and the $7.2 billion BREP Asia II.

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. The assets were acquired by Gemini Poland Holdcos, affiliates of Blackstone Group.