BPPEH Acquires Pan-European Logistics Portfolio
BPPEH has acquired 16 logistics properties located primarily in Germany and the Nordics for €572 million. The acquisitions are consistent with BPPEH’s focus on acquiring high-quality logistics assets in key European distribution hubs.
The portfolio is comprised of Grade-A warehouses totalling 471,000 square meters and is concentrated in major distribution markets in Germany and the Nordic Trade Triangle (Copenhagen, Stockholm, and Oslo). The portfolio is currently 99% leased on a 4-year average lease term (to break) to a diversified tenant roster comprising global and domestic third-party logistics companies and government-owned companies.
About BPPEH
Blackstone Property Partners Europe Holdings S.à r.l. (“BPPEH”) invests in high-quality, substantially stabilised real estate assets across Europe. Investments are concentrated in the logistics, residential and office sectors, with a focus on major European markets and key gateway cities. BPPEH is 100% owned by Blackstone Property Partners Europe.