BPPEH Completes Disposal of German Logistics Portfolio
BPPEH has completed the disposal of a portfolio of five high-quality logistics properties in Germany for €264 million.
The portfolio is comprised of Grade-A warehouses totalling over 250,000 square meters and is concentrated around Rhine-Ruhr and Frankfurt. The portfolio is currently 100% leased with a 5-year average lease term (to break).
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 primarily 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.