Blackstone buys stake in $1.2 billion European logistics fund
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Blackstone has acquired an 80% stake in a €1.1 billion European warehouse portfolio from Burstone, receiving immediate cash proceeds of €250 million. The deal marks Blackstone's continued investment in the logistics sector, which has seen growth alongside e-commerce. Burstone will retain a 20% interest and continue managing the portfolio, which spans seven countries including Germany, France, and the Netherlands. This investment reflects the ongoing demand for warehouse space amid a challenging commercial real estate market.
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