Blackstone Targets Germany Growth With Warehouse Acquisition

Blackstone Group LP is in talks to buy its first logistics property in Germany as part of a plan to double the company’s European warehouse holdings over the next two years.

Blackstone, the world’s biggest manager of alternative assets such as private equity and property, expects to make a purchase as early as this year and then add further assets in Europe’s biggest economy, Jonathan Lurie, the managing director who oversees Blackstone’s European logistics portfolio, said in an interview.