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Blackstone Buys Gallastegui’s Portfolio of Logistics Warehouses in Spain

The investment fund has acquired a portfolio of logistics assets located in Madrid, Barcelona, Valencia and Guipúzcoa from the Basque company.

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Blackstone’s offices in Manhattan.

Blackstone has completed the operation through Mileway, according to El Confidencial. The portfolio spans a total gross leasable area of 13,000 square metres and the purchase price amounts to almost 10 million euros, according to market sources.

The four assets acquired from the Basque transport company are located in Pinto (Madrid), San Vicent del Hors (Barcelona), Ribarroja (Valencia) and Elgoibar (Guipúzcoa). In all cases, each of the facilities has a gross leasable area of just over 3,000 square metres.

Read the full article in Spanish.

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