Private equity giant Blackstone has acquired a £559 mln (€670 mln) portfolio of UK light industrial assets from Brockton Capital, the private equity firm co-founded by David Marks in 2005 after he left Blackstone.
Blackstone’s light industrial portfolio in Europe has grown to a value of €2.2 bn following acquisitions in the Netherlands, Germany, France and Denmark.
After selling Logicor to CIC for €12.25 bn, Blackstone has turned from ‘big boxes’ to smaller, multi-tenant industrial units.
