COLOGNE, Germany—Blackstone Real Estate Partners Europe IV has acquired three industrial assets in Germany for its European logistics company, Logicor.
The warehouse properties are located in core logistics markets adjacent to the city centers of Cologne and Dusseldorf and are 100% leased to the logistics arm of a leading German department store.
This transaction is the fifth portfolio acquired in Germany over the past year and increases Logicor's overall Germany portfolio by more than 40%, taking it to 550,000 square meters.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
