US asset management giant Blackstone is on the verge of acquiring a portfolio of 24 logistics centres in Poland, France and Germany from Sydney-listed Goodman for an undisclosed amount.
According to a filing to the Polish office of competition and consumer protection, Blackstone Property Partners Europe Lower Fund 2 has asked for permission to acquire the assets via share deals and direct acquisitions.
Financial details were not disclosed.
The companies include Goodman Montélimar, C€Logix Immobilier Eurl, Gelf Mitry, Amiens Logistique and GELF Longvic (all based in France); Goodman Amethyst Logistics, Goodman Redwood Logistics, Goodman Linsengericht Logistics, Goodman Carpo Logistics, Goodman Mikado Logistics, Goodman Blush Logistics, Goodman Arcadia Logistics i Waldlaubersheim Logistics (all based in Luxemburg); C€Logix Properties Germany (based in the Netherlands) and Gelf Fizpartner (Poland) Vacaria, Gelf Fizpartner Goodman Alpha Logistics, Goodman Omega Logistics, Gelf Fizpartner Goodman Isabelline Logistics, Gelf Fizpartner Goodman Osmerus Logistics, Gelf Fizpartner Elatine oraz Gelf Fizpartner Goodman Moonstone Logistics (all based in Warsaw).
The deal follows Blackstone's sale last year of its entire logistics platform, Logicor to China Investment Corporation (CIC) for €12.25 bn - the largest real estate investment transaction ever in Europe.
