Through its new Blackstone European Property Income Fund, the US investment manager Blackstone has acquired a logistics platform from Singapore-based Elite Partners Capital and Macquarie Capital for €520 million.
This platform comprises 12 assets that were purchased individually by the previous owners. They are located in the UK, Germany, Czech Republic, Spain and Poland.
Enoch Tan, Elite’s portfolio manager, explained: “Macquarie Capital has been a strategic partner for us. Together we created a European network to buy all the assets in an agile way, despite the difficulties posed by the pandemic in Europe over the last two years.
