Deals
Blackstone Adds to Warehouse Bet With $2.8 Billion Portfolio of Properties
- The units span Europe, U.S. and total 17.4 million square feet
- Warehouses are in greater demand since the pandemic started
This article is for subscribers only.
Blackstone Inc. bought a portfolio of 124 logistics properties from Cabot Properties Inc. for $2.8 billion, the private equity company’s latest wager on warehousing in Europe and the U.S.
The sales comprised 102 properties in the U.S. and 22 in the U.K., Germany and the Netherlands, according to a statement Tuesday. The two deals total 17.4 million square feet (1.6 million square meters) of space.