Mo Barzegar to Join Blackstone Logistics Company LogiCor as President and CEO

  Mo Barzegar to Join Blackstone Logistics Company LogiCor as President and

Business Wire

LONDON -- January 29, 2013

Blackstone (NYSE: BX) today announced that Mo Barzegar has joined its European
logistics company, LogiCor, as President and CEO. LogiCor was founded by
Blackstone’s real estate unit in 2012 to manage and operate its European
logistics assets. Mr. Barzegar was most recently the Managing Director for
Europe for AMB Property Corporation.

Ken Caplan, head of real estate for Blackstone in Europe,said, “We are
delighted to have someone of Mo’s talent and experience lead LogiCor.
Logistics assets are an important part of our real estate portfolio, and under
Mo’s leadership we expect that we will continue to grow and develop our
European logistics platform.”

Mo Barzegar added, “Blackstone is one of the largest investors in logistics
globally, with a major presence in both Europe and the United States. I see
tremendous opportunities for LogiCor, and I am excited to be part of the
Blackstone logistics team.”

LogiCor today owns 2.5 million square meters (26 million square feet) in 91
high-quality properties in the UK, France and Poland, serving the logistics
and distribution needs of manufacturers, retailers and third-party logistics
solutions providers. Blackstone’s comparable company in the United States,
IndCor, currently manages properties totaling 83 million square feet in 40 key
logistics markets in 23 states.

While at AMB, Mr. Barzegar headed a team that was responsible for acquiring
and developing 15 million square feet of logistics properties across 12
markets, valued in excess of $1.8 billion. He has a BA in Economics from the
University of California at Berkeley and an MBA in Finance and Real Estate
from The Wharton School.

About Blackstone

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seek to create positive economic impact and long-term value for our investors,
the companies we invest in, the companies we advise and the broader global
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management of private equity funds, real estate funds, hedge fund solutions,
credit-oriented funds and closed-end funds. Blackstone also provides various
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