Blackstone's last mile arm Mileway has added seven new assets to its Spanish logistics portfolio.
Financial details are not disclosed.
The assets, which are situated in Barcelona, Valencia, Pamplona, Seville and Zaragoza cover some 113,000 m2 of space in total.
The deal takes its Spanish holdings to around 73 properties comprising some 675,000 m2 of space in 23 cities. The firm has reinforced its Spanish team in the last 12 months with the addition of deals specialist Eduardo Almazor Saltor.
Mileway is the largest owner of last mile logistics real estate assets in Europe, with over 1,700 properties across 10 European countries.
Earlier this year, Blackstone decided to recapitalise the company to the tune of €21 bn, underscoring the group’s faith in the urban logistics specialist that it founded in September 2019 and above all, in its asset class of choice.
