Blackstone has sold a portfolio of 31 logistics assets across France and the UK to a vehicle owned by Oxford Properties and AustralianSuper and managed by M7 Real Estate.
The 2.4m sqft portfolio of urban infill and mid-box logistics assets located in Manchester, Leeds, Milton Keynes, Paris and Lyon, has been sold to the European Supply Chain Investment Partnership (ESCIP) joint venture for an unspecified sum.
ESCIP now manages 116 logistics assets totaling over 12m sqft. The venture has deployed approximately €600m into 40 assets over the past 12 months. With these latest additions, ESCIP’s total assets under management have reached €1.4bn in gross asset value.
David Ebbrell, CEO at M7 Real Estate, said: “With this acquisition we have secured a high quality portfolio of well located logistics assets into ESCIP which add significant scale and income to the portfolio.
“Our local teams will undertake a number of value accretive asset management opportunities that we have identified to continue to enhance the portfolio. We are proud of the €600m we have deployed in 2025. We intend to carry this momentum through 2026 and continue to progress with the pipeline of further opportunities we have assembled for ESCIP.”
Alicia Peters, VP at Oxford Properties, said: “This transaction demonstrates our continued conviction in the resilience and long-term growth of the European logistics sector. By acquiring a portfolio of scale in supply-constrained urban markets, we have grown our portfolio to over 12m sqft and €1.4bn by value.
“The M7 team is well-positioned to deliver attractive returns through active asset management and support the continued expansion of our pan-European strategy by sourcing strong investment opportunities.”
Matthew Fidge, investment director at AustralianSuper, said: “Our partnership with Oxford and M7 continues to deepen, and this strategic acquisition is the latest example of the quality of investments this partnership can deliver for AustralianSuper’s members.
“The portfolio’s location in key target markets, asset quality and growth potential are well aligned with our shared strategy for ESCIP.”
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