Blackstone will buy the logistics real estate portfolio of Immofinanz
The Austrian Immofinanz has signed a contract with Blackstone for the sale of its entire logistics portfolio.
The transaction covers all 36 logistics standing investments with approx. one million square meters of rentable space, which are located for the most part in Germany (24 properties) as well as in Hungary (5), Romania (3), Poland (2), Slovakia (1) and Russia (1). Blackstone will also purchase three development projects with approximately 65,000 square meters currently under construction in Hamburg (DE), Bucharest and Ploiesti (RO), which will be completed by Immofinanz, as well as land reserves. Blackstone will integrate all the assets into Logicor, its European logistics platform. (MTI)
Related news
NiT Hungary – Hungary also joins the e-CMR convention
Sorry, this entry is only available in HU.
Read more >The largest speculative industrial property in the country is being built in the southern submarket of Budapest
Hungary’s largest speculative industrial property in the HelloParks development will…
Read more >UPS’s healthcare business invests more than €20 million to expand its European temperature-controlled fleet in its four markets
UPS Healthcare is investing €20 million to purchase more than…
Read more >Related news
Auchan has appointed a new product director
From July 1, László Varga will perform the duties of…
Read more >Millions can make decisions about millions with just one move at Tesco
Millions of people once again have millions of forints and…
Read more >Healthy summer nutrition tips with Eisberg
With the arrival of the really hot summer and the…
Read more >