US asset management group Blackstone is believed to have put a €225 mln Italian logistics portfolio on the market in the largest sales mandate currently ongoing in the country.
According to well-informed market sources, Blackstone has hired advisors GVA Redilco and Eastdil Secured to market the portfolio, which consists of 10 assets all located in Northern Italy and particularly centered around Milan.
The portfolio, which was officially put up for sale in early February, represents a total of over 230,000 m2 of space, and is fully occupied.
Blackstone declined to comment.
