BPPEH Acquires U.K. Logistics Park
BPPEH has acquired Bedfont Logistics Park in the U.K. for a gross purchase price of £119 million. The acquisition is consistent with BPPEH’s focus on acquiring high quality logistics assets in key European distribution corridors.
Bedfont Logistics Park is comprised of four Grade-A, last-mile distribution units which total 317k square feet and is well-located to the south of Heathrow Airport. The park is 100% leased on a 5-year average lease term (to break) to third party logistics companies, cargo servicers and mail companies.
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.