Blackstone launches Norla to target Nordic logistics warehouses

Blackstone is launching Norla, a new logistics investment platform focused on Nordic warehouses. Based in Stockholm and operating across Sweden, Denmark, and Finland, the platform targets last-mile logistics properties supporting e-commerce. The initial portfolio comprises over 200 warehouses owned by Blackstone funds, with a combined area exceeding 2 million square meters and an estimated value of €3 billion ($3.41 billion). Norla is expected to become operational next year.